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 […]
Bhairahawa / May 13: Jazeera Airways will operate regular flights to the Gautam Buddha International Airport (GBIA) of Bhairahawa from June 12. Jazeera, which has taken approval from GBIA, will operate the opening flight on May 16 (day of Buddha Jayanati). Nepal government has assigned May 16 as the flight opening day for the airways […]
Kathmandu / May 11: The consumer price inflation during the one-month period from mid-March to mid-April increased more than double this year compared to the same period of the last fiscal year, owing to a surge in the prices of overall food and non-food items and services. According to a nine-month report on ‘Current Macroeconomic […]
Laxman Kafle/ Kathmandu, May 10: Consumption of petroleum products has increased significantly with the expansion in election activities across the country. According to Binitmani Upadhyay, spokesperson for Nepal Oil Corporation (NOC), consumption of diesel and petrol has gone up by about 40 per cent for the last one week due to the increasing election campaigns […]
Kathmandu / May 8: Outstanding credit of banks and financial institutions (BFIs) to consumable loans jumped by more than 4 folds in the meantime it fell by 47.7 per cent in the construction sector. According to the NRB’s current Macroeconomic and Financial Situation report, consumable loan sharply rose by 4 folds in the span of […]
Kathmandu / May 6 : The government is preparing the budget for the Fiscal Year 2022/23, keeping the revival of the country’s economy badly dented by the COVID-19 pandemic through production and productivity growth. The Ministry of Finance is in the process of formulating the budget giving main priority to maximum utilization of water, land, […]
Kathmandu / May 4: The World Bank is to provide a loan of USD 150 million (approximately Rs. 18.36 billion) to strengthen the financial sector of Nepal. The loan under the title of Finance for Growth and Development Policy Credit is being provided to help diversify financial solutions and increase access to financial services in […]
Ajay Chhetri / Kathmandu, May 4: Liquidity in the bank and financial institutions (BFIs) has slightly improved in the first week of May. The availability of excess liquidity that had hit rock bottom with Rs. 3.4 billion on April 21 has now begun rising in May. According to the Nepal Rastra Bank (NRB), the excess […]
Kathmandu / May 3: Minister for Finance, Janardan Sharma has said that there is a need to audit the national assets of the country. Speaking at a program organized on the forest national assembly of accountant professionals 2022 by Institute of Chartered Accountants, Minister Sharma stressed the need for auditing the national assets of the […]
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