Kathmandu May 29/ Finance Minister Yubaraj Khatiwada has launched the first ever federal budget of Rs 1.315 trillion for the fiscal year 2018/19, today. Out of the total budget, government aims to utilise Rs845.5 billion as recurrent expenditure. Likewise, Rs314.28 billion and Rs155.18 billion have been earmarked for capital expenditure and financing provision, respectively. Moreover, […]
Kathmandu, May 28: From now onward every industry and or company has to mandatorily pay their staffers through banking system. A meeting of the Council of Ministers held in Singha Durbar today passed employment regulations making it mandatory to deposit their staffers’ salaries in the bank accounts before paying them. Minister for Labor, Employment and […]
by Prithvi Shrestha Kathmandu, May 27 : Nepali industrialists have expected a surge in foreign direct investment (FDI) in Nepal in the coming days as the country is heading toward political stability after recent national elections. After 16 years, the ruling party has had the absolute majority in the parliament which will contribute to the […]
Kathmandu / May 27 : Finance Minister Dr Yuba Raj Khatiwada has presented the economic survey of the current fiscal year and annual status review of public enterprises in a parliamentary meeting today. The survey projected a 5.5 per cent economic growth rate in the current fiscal year. Likewise, per capita income is estimated to […]
An eminent persons’ group from Nepal and (India) which visited the city on Thursday expressed satisfaction over the facilities available at the Visakhapatnam Port. The port has been designated as the second gateway for Nepal-bound cargo after Kolkata-Haldia. Visakhapatnam Port Trust Chairman M.T. Krishna Babu and Deputy Chairman P.L. Haranadh who interacted with the team […]
RAJBIRAJ, May 24: The Civil Aviation Authority of Nepal (CAAN) has confirmed that the test flight conducted in Rajbiraj Airport on Wednesday was successful. However the locals will have to wait for a few more weeks for regular flights. A CRJ200 jet engine of Shree Airlines with the capacity of carrying 50 passengers successfully completed […]
KATHMANDU: Minister for Physical Infrastructure and Transport Raghubir Mahaseth said the government’s new policies and programmes has given priority to the road mapping, tunnel way and highway bridge constructions. Speaking at programme in Kathmandu on Tuesday, Minister Mahaseth said the government, through its policies and programmes, unveiled its targets of completing all the works relating […]
KATHMANDU, May 22: Prime Minister KP Sharma Oli has said that the government would bring progressive and socialism oriented budget. Addressing the parliamentarians of the Communist Party of Nepal represented in the Federal Parliament at Baluwatar on Tuesday, Prime Minister said that the budget would be prepared as per the people’s expectation. He further said […]
Kathmandu / May 21: The government has set a target of graduating the country to the status of middle income within 10 years. The policies and programmes presented during the joint meet of the federal parliament by President Bidya Devi Bhandari on Monday, mentioned that the government aims to achieve a double figure economic growth […]
Kathmandu/May 17, Myanmar and Nepal will cooperate to raise trade between the two countries and will sign a Memorandum of Understanding to strengthen economic ties soon, with bilateral trade totaling US$8 million in 2017-18 fiscal year. During a meeting between Myanmar and Nepal at the Union of Myanmar Federation of Chambers of Commerce and Industry […]
