Economy

Parliamentary body asks ministries to boost coordination to solve foreign employment problems

Labor, Foreign Employment

Kathmandu / July 19: The Ministry of Foreign Affairs, Home Ministry, and the Ministry of Labor and Employment, have been pressed to ensure strong and efficient coordination to resolve the problems relating to foreign employments. Legislature-Parliament’s International Relations and Labor Committee today drew the attention of government that the coordination among the concerned ministries was […]


Finance Minister pledges to expand tax base and reform tax regime

Finance Ministry

Kathmandu / July 18: The government has expressed its commitment to expand the tax base and to reform the tax system so as to give momentum to the economy. Addressing a news conference organized to share about the revenue collected by the government and the works carried out by the Finance Ministry in the previous […]


Parliamentary Committee formed to probe alleged financial misappropriation in NOC

Nepal Oil Corporation

Kathmandu / July 18: The Finance Committee of the Legislature-Parliament has formed a probe panel to investigate into the alleged financial irregularities in purchasing the land of the Nepal Oil Corporation (NOC). The Committee meeting held today constituted a panel headed by lawmaker Abdul Rajjak while Sarswati Bajimaya, Ichchharaj Tamang, Nardevi Pun, Srijana Taramu and […]


ISSR sees implementation of monetary policy challenging

Monetary Policy

Kathmandu / July 13: The Institute for Strategic Socio-Economic Research (ISSR) has expressed its doubt whether the monetary policy unveiled by the Nepal Rastra Bank last Sunday for the upcoming fiscal year would be a help in building investment-friendly atmosphere in the country. It seemed that the government would not be able to achieve the […]


Writ filed at SC, seeking release of IRD DG Chief

Choodamani Sharma

Kathmandu / July 11: A writ petition has been filed at the Supreme Court ( SC) Tuesday, demanding the release of Director General of Inland Revenue Department, Chudamani Sharma, who is presently in the custody of Commission for the Investigation of Abuse of Authority (CIAA) on corruption charge. Sharma’s spouse Ms Kalpana Upreti Sharma moved […]


Monetary policy draws mixed reaction; Monetary policy for FY 2074\75 made public

Nepal Rastra Bank

Kathmandu / July 9: Representatives from business associations, including Nepal Bankers’ Association, and Federation of Nepalese Chamber of Commerce and Industries (FNCCI), have expressed differing views on the monetary policy made public by Nepal Rastra Bank (NRB) on Sunday. Chairman of Nepal Bankers’ Association, Anil Keshari Sah, commented that the monetary policy did not prioritize […]


Bank is not a business firm: NRB governor

Chiranjivi Nepal

Kathmandu / Jun 30: Nepal Rastra Bank (NRB) Governor Dr. Chiranjibi Nepal has stressed on the need of enhancing the efficiency and transparency of banks and financial institutions. Inaugurating the integrated transactions of the Kumari Bank Limited here on Friday, the central bank governor called on the banks to reach the local levels (village level) […]


ADB to provide 150 million dollar loan to improve power distribution

adb

Kathmandu / Jun 30: The Asian Development Bank has approved 150 million dollar loan to help improve Nepal’s electricity supply and distribution. Issuing a press release Friday, the ADB said it will also administer a 2 million dollar’s technical assistance grant from the Japan Fund for Poverty Reduction (JFPR) financed by the Government of Japan […]


Quake survivors alloted 1,500 taxicab licences

EON-taxi

Kathmandu / Jun. 24: The government completed the process of distributing licences for operating taxicab to the survivors of April 2015 Gorkha earthquake on Friday. The Department of Transportation Management (DoTM) allotted permits to 1,500 quake survivors through a lucky draw amid presence of government officials and representatives of several institutions. The DoTM conducted lotteries […]


AIIB promises huge investments in Nepal’s six projects

Asian Infrastructure Bankt

Kathmandu / Jun 19:The Asian Infrastructure Investment Bank (AIIB) is to invest hugely in Nepal’s six projects. The AIIB, during the meeting with the Nepali delegation headed by Finance Minister Gyanendra Bahadur Karki to the meeting of the AIIB Board of Governors that was held in Jeju of South Korea on June 16-18, pledged to […]




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