Money

More than Rs50b mopped out of financial system

At a time when the banking industry of the country is reeling under acute shortage of loanable fund, more than Rs50 billion has been mopped out from the total deposits of the banks and financial system as advance payment of the income tax owed by the businesses to the government. By the end of this fiscal year’s second quarter, businesses have to make an advance payment of tax to the government.  More than Rs50b mopped out of financial system
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Bibek Subedi
Published at : January 18, 2019
Updated at : January 18, 2019 07:57
Kathmandu


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