Balkrishna Gyawali / Kathmandu: Although all political parties that have formed a government claim to have corruption control and good governance as their priority, the report of the Office of Auditor General (OAG) has revealed that good governance is weakening in the country. According to the audit report of the fiscal year 2021/22 released by […]
Kathmandu / July 14: There are four million taxpayers in the country. As per the 59th report released by the Office of the Auditor General on Wednesday, the number of taxpayers has reached 4.059 million by the fiscal year 2077/78 BS. The number of taxpayers of three groups—income, value added tax and excise duty has […]
Kathmandu / July 13: The World Bank (WB) is providing US $ 80 million (around Rs 10 billion) in concessional loan to Nepal for a project to improve the delivery of water and sanitation services and promote integrated water resources management. On Wednesday, Finance Secretary Madhu Kumar Marasini and the WB Country Director for the […]
Kathmandu / July 7: About half of the total credit issued by banks and financial institutions (BFIs) is contributing to increase the trade deficit significantly, shows a study report conducted by the Confederation of Banks and Financial Institutions Nepal (CBFIN). Unveiling the report at a program organized on Thursday, the umbrella organization of BFIs revealed […]
Rajaram Karki / Kathmandu, July 1: The government statistics for the last decade indicate the country’s rising dependency on rice. In the fiscal year 2069-70 BS (2012-13), rice worth Rs 20 billion were imported into the country and the figure rose by 150 per cent to touch Rs 50 billion in the first eleven months […]
Adarsha Subedi / Kathmandu: The invasion of Ukraine by Russia started on 24th February 2022 is not only affecting the countries involved in the war and their neighbors but also affecting the countries like Nepal, which are heavily reliant on the import of goods. Russia had occupied major cities like Kharkiv, Mariupol, Kherson Makarov, and […]
Kathmandu / June 19: Managing Director of the Development Policy and Partnerships, the World Bank (WB), Mari Elka Pangestu today paid a courtesy call on Minister of Finance Janardan Sharma at the latter’s office in Singha Durbar. On the occasion, the minister reminded of relations and development partnerships between Nepal and the WB for a […]
Kathmandu / June 19: More than a half of the manufacturing industries operating in the country have still been relying on generators fed electricity supply to meet their demand, showed a survey conducted recently. This comes amid complaints from the government authorities that electricity generated in the country was going in a waste due to […]
Kathmandu / May 29: The government has presented a total of Rs. 1793.83 billion for the upcoming fiscal year of 2022/023. Finance Minister Janardan Sharma presented the annual budget at the joint session of the federal parliament today. Compared to the last year’s annual budget, this year’s budget is up by 8.87 per cent. Expenses: […]
Kathmandu / May 28: Nepal Rastra Bank (NRB) has said it will tighten the money supply further if the soaring consumer inflation and existing pressure on foreign currency reserves are not eased. Through the third quarterly review of monetary policy unveiled on Friday, NRB has said that the flexible policy adopted during the impacts of […]
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Kathmandu, Nepal
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Editor : Mr. Divesh J.B. Rana
Chairperson : Mr. Kishore Thapa