$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '19748',
'hit' => '643'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20231217065135_collage (1).jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '19748',
'hit' => '643'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20231217065135_collage (1).jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
$groupId = $user['Group']['id'];
$user_id=$user["id"];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '19748',
'hit' => '643'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20231217065135_collage (1).jpg'
$user = null
$groupId = null
include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '19748',
'hit' => '643'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20231217065135_collage (1).jpg'
$user = null
$groupId = null
$user_id = null
$date = '2023-12-17 06:44:19'
$dateFromDatabase = (int) 1702774759
$newDate = 'Dec 17, 2023'
$articleView = array(
'article_id' => '19748',
'hit' => '643'
)
$word_count = (int) 418
$time_to_read = (float) 2.09
$time_to_read_min = (float) 2
$time_to_read_second = (float) 5
include - APP/View/Articles/view.ctp, line 241
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.
Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.
The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.
The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion.
Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.
In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.
However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.
On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.
Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '19748',
'hit' => '643'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '19748',
'hit' => '643'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
file not found!
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '19748',
'hit' => '643'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '19748',
'article_category_id' => '1',
'title' => 'Govt Collects Over Rs 12.8 Billion in Revenue from Banks, Financial Institutions',
'sub_title' => '',
'summary' => 'The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days. Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers.',
'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 17: The government has collected over Rs 12.8 billion in revenue from banks and financial institutions within two days.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the government's direction to authorities to collect the revenues generated from bargain purchase gains through the premium of Follow-On Public Offers (FPO), mergers and acquisitions, and the sale of auction shares, Rs 12.8 billion was deposited in the state coffers. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The fund was deposited in the state coffers by Friday and Saturday (4 pm), said Dirgha Raj Mainali, the Director General of the Inland Revenue Department. The deadline for tax payment was Saturday midnight, and those who paid by this date were exempted from fines.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Office of Auditor General had been urging the government to recover revenues from FPO premiums, bargain purchase gains, and auction share sales since its 57th annual report in 2077 BS, citing potential tax evasion. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite the office's persistent recommendations in four consecutive reports, the Ministry of Finance and the Inland Revenue Department had initially ignored the issue.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In response to the matter raised in the 60th report, Finance Minister Dr Prakash Sharan Mahat introduced a provision. Companies paying taxes in premiums of FPO, bargain purchase gains of mergers and acquisitions, and auction share sales by December 16 would be exempt from fines and interests. This move aimed to incentivize timely revenue payments.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, 16 commercial banks opposed the minister's decision, challenging it in the Supreme Court, arguing that taxing the bargain price of FPO and mergers and acquisitions, with exemptions on fees and fines, went against the constitution.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> On Thursday, the constitutional bench, led by Chief Justice Bishwoambhar Prasad Shrestha, and comprising justices Ananda Mohan Bhattarai, Sapana Pradhan Malla, Sushmalata Mathema, and Kumar Regmi, annulled the writ.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Following the annulment, banks and financial institutions had deposited the specified amounts into the state coffers. (RSS)</span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-12-17',
'modified' => '2023-12-17',
'keywords' => '',
'description' => '',
'sortorder' => '19476',
'image' => '20231217065135_collage (1).jpg',
'article_date' => '2023-12-17 06:44:19',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '42'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '42',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'karkiushak@gmail.com',
'name' => null,
'email' => 'karkiushak@gmail.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '19748',
'hit' => '643'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
