Economy

Finance Minister Khatiwada claims effectiveness in revenue system

Kathmandu / May 22: A session of the House of Representatives today endorsed a proposal tabled seeking the consideration over the ‘Revenue Leakage (Investigation and Control- First Amendment) Bill-2075 BS’. Finance Minister Dr Yuba Raj Khatiwada presented the proposal before the meeting, on behalf of Prime Minister KP Sharma Oli. Lawmakers Bharat Kumar Shah, Prem […]


Trade deficit jumps up 24 per cent

Kathmandu / May 16: Nepal has seen a ballooning trade deficit of billions of rupees annually as it failed to adopt the export-oriented economic policy. As per the preliminary statistics released by Trade and Export Promotion Centre, the trade deficit has now reached to Rs 887 billion increasing by around 24 per cent in the […]


Finance committee collects suggestions on budget

Kathmandu / May 9: A group of lawmakers, economists, industrialists, businesspersons and journalists has given suggestions for the upcoming budget. At a pre-budget session organised here Thursday in the central capital by the Finance Committee of the House of Representatives, they submitted a 61-point recommendation letter related to financial activities to the committee. The committee […]


State-3 govt to bring budget of Rs 50 billion for coming fiscal yeardget

Hetauda / Apr 30: State-3 government is to bring a budget of around Rs 50 billion for coming fiscal year. It has been making preparation to bring the budget through the project bank. Employees of the Ministry of Economic Affairs and Planning and Policy and Planning Commission of the state have been involved for the […]


Nepal’s labor market features gender-based wage discrimination

Kathmandu / Apr 29: The constitution has, in its Preamble, guaranteed equal status to men and women, promising to eliminate discrimination based on class, caste, region, language, religion and gender and all forms of caste-based untouchability. Gender equality remains as the spirit of the country’s law, but in practice, gender-based discrimination largely prevails in every […]


Ncell lodges petition at Supreme Court challenging tax amount set by Large Taxpayers Office

Kathmandu / Apr 22: A day before the expiry of the seven-day deadline to pay its capital gains tax, Ncell, a private telecom giant, on Monday lodged a petition at the Supreme Court, saying the Large Taxpayers Office has wrongly determined their tax liability at Rs39.06 billion. In line with the Supreme Court order to […]


Cooperatives’ role important for prosperity: Chairman Dahal

Chitwan / Apr 21: Former Prime Minister and Nepal Communist Party Chairman Pushpa Kamal Dahal said cooperatives’ role should be augmented to ensure economic prosperity and socialism-oriented State with social justice. Opening a petrol pump set up by District Cooperatives Association Chitwan here today, Chairman Dahal argued that as per three-pillar economic policy, the cooperative […]


Annual drug transaction worth Rs 45 billion in Nepal

Pokhara / Apr 18: Drugs worth Rs 45 billion are transacted in the country annually. This information was shared in a news conference organised on the eve of the National Convention of Nepal Chemist & Druggist Association here today. On the occasion, Association president Mrigendra Mehar Shrestha said that a total 21,000 people were involved […]


Finance Minister stresses on quality increase in revenue

Bharatpur / Apr 15: Finance Minister Dr Yuba Raj Khatiwada has directed revenue employees for a quality increase in revenue by expanding the scope of taxation. During his visit today to the Inland Revenue Office, Bharatpur, he directed the office employees to focus on quality growth in revenue. He also instructed for the full enforcement […]


Soft-launch of VNY 2020 from Pokhara

Kathmandu / Apr 8: The government is set to make a soft-launch of its ‘Visit Nepal Year 2020’ campaign from Pokhara, a famous tourist destination, on April 13 marking the eve of the Nepali New Year, 2076. In preparations for this bid, a meeting of the main organising committee under the chairpersonship of Prime Minister […]




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