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The price of gold has dropped by Rs 1, 400 per tola in the domestic market on Friday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow bullion is being traded at Rs 106, 100 per tola today. The yellow metal was traded at Rs 107, 500 per tola on Thursday. Meanwhile, tejabi gold is being traded at Rs 105, 600 per tola. It was traded at Rs 107, 000 per tola. Similarly, the price of silver has dropped by Rs 30 and is being traded at Rs 1,365 per tola today.

MentorLab, an emerging startup based in Kathmandu have entered into a strategic partnership with LeadSquared to offer comprehensive SaaS solutions to businesses looking to streamline their sales operations and improve efficiency. The partnership combines MentorLab’s expertise in sales and marketing for businesses in Nepal, India, Pakistan, Sri Lanka, Bangladesh, and Myanmar, with LeadSquared’s experience in lead and sales management, creating a powerful solution that addresses the sales automation needs of varied industries across the globe. The SaaS platform features lead capture, lead management, marketing automation, and sales management. It will be available to customers on a subscription-based model. LeadSquared’s cloud-based sales tech stack also includes solutions like customer portals, digital onboarding, and field force automation. The platform currently has 2000+ customers worldwide. LeadSquared aims to increase the productivity of sales reps by reducing the total time taken on manual sales and operational tasks. MentorLab is an emerging startup based in Kathmandu specializing in the sales and marketing of EdTech and innovative ICT solutions. Both companies are committed to providing outstanding customer service and support to ensure smooth implementation and successful adoption of the solution. “We are thrilled to be partnering with LeadSquared to offer this cutting-edge solution to our customers,” said MentorLab Chairman Bhanu Dabadi. “Their expertise in sales management complements our service, and we are confident that this partnership will result in a truly valuable product for businesses in the region.” “We are excited to be working with MentorLab to bring this comprehensive SaaS solution to this part of the market,” shared LeadSquared’s Co-founder & COO Prashant Singh. “Their reputation for quality and customer service is second to none, and we are confident that this partnership will be a success for both our companies and the customers we serve.”

The price of gold has increased by Rs 1, 200 per tola in the domestic market on Thursday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 107, 500 per tola today. Meanwhile, tejabi gold is being traded at Rs 107, 000 per tola. Similarly, the price of silver has increased by Rs 25 and is being traded at Rs 1,395 per tola today.

With the continuing bearish run of the country's stock market, the capital gains tax (CGT) from stock trading has fallen dramatically in the current fiscal year. The latest official statistics show CGT has declined by a whopping 84.68 percent in the first six months of FY 2022/23. The government has collected Rs 1.23 billion in CGT in the first half of the current fiscal year compared to Rs 8.06 billion in the same period of the last fiscal year. This year, Rs 491.5 million has been collected in CGT from long-term share trading and Rs 744.1 million from short-term share trading. During the same period in the last fiscal, Rs 2.22 billion was collected from long-term share trading and Rs 5.84 billion from short-term share trading. The CGT collection from trading of shares has taken a beating as the stock market has been in a bearish run for over the last one year. Stock investors are required to pay taxes to the government only after earning profit in the share trading. In the current fiscal year, the stock market has fallen significantly. As most of the investors have suffered losses in share trading, tax collection from stock trading also has declined. According to CDS & Clearing Limited (CDSC) Spokesperson Suresh Neupane, the revenue collection from the stock trading has decreased due to the decline in the NEPSE index and turnover. "Investors will pay tax only after earning profit. Investors made good profits when the stock market rose to an all-time high in earlier fiscal years. As a result, the revenue received by the government increased last year," he said. The government has been collecting up to 10 percent capital gains tax from the profits earned by investors in the secondary market. As per the existing arrangements, 10 percent CGT is levied on institutional investors in the securities market while it is 7.5 percent for individual investors. Among the individuals, the government collects tax by considering those who hold shares for more than 1 year as long-term investors and those who hold shares for less than 1 year as short-term investors. Short-term investors have to pay a 7.5 percent capital gains tax and long-term investors have to pay a 5 percent capital gains tax. The government had collected an all-time high CGT of Rs 14.06 billion from transactions of shares in FY 2020/21 when the domestic bourse was on a bull run. The amount was only Rs 1.01 billion in FY 2019/20. Secondary market transactions contributed a total of Rs 6.59 billion in tax revenue from FY 2015/16 to FY 2019/20.