Kathmandu / July 23: The officials of the Finance Ministry on Tuesday briefed Finance Minister Bishnu Prasad Poudel about the country’s economic challenges and the measures to resolve those issues. “Mainly, there are 46 challenges in Nepal’s economy in the observation of the Finance Ministry. Steps are required in 29 sectors to overcome those challenges,” […]
Laxman Kafle / Kathmandu, July 22: The total outstanding debt of the government reached Rs. 2,433.23 billion by the end of the last fiscal year 2023/24. Out of total debt, external debt amounts to Rs. 1,252.33 billion and domestic debt comprises Rs. 1,180.90 billion, according to a report of Public Debt Management Office under the […]
Kathmandu / July 16: In the fiscal year 2080-81 BS (2023-24), the government’s revenue and expenditure fell short of annual targets. According to the Office of the Auditor General, revenue collection reached 74.29 per cent of the total target, while budget expenditures amounted to 80.44 per cent. For the fiscal year, the government had allocated […]
Kathmandu / July 13: Profits of banks and financial institutions (BFIs) dropped 16.05 percent to Rs 61.96 billion in the first 11 months of the current fiscal year mainly due to a decline in their businesses and soaring non-performing loans. A report of Nepal Rastra Bank (NRB) shows that the BFIs earned profits of Rs […]
Kathmandu / July 3: The Department of Cooperatives has stated that one person cannot be the director of two or more cooperative institutions at the same time. The department has today instructed all the cooperatives to maintain a single position by abandoning if someone is holding a double position. Section 41 (5) of the Cooperatives […]
Kathmandu /, June 26: President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, has urged the OPEC Fund to increase investment in Nepal, stating that Nepal offers abundant investment potential. During a meeting with the President of the OPEC Fund Abdulhamid Alkhalifa and Vice President Tareq Alnassar in Vienna, […]
Kathmandu / June 25: Finance Minister Barsha Man Pun has said that domestic entrepreneurship and production will be protected and promoted while implementing an economic reform plan of a new phase. In his address to concerns raised during the deliberations on the Finance Bill, 2081 BS today, the Minister said the Bill aims to speed […]
Kathmandu / June 20: The Nepal Rastra Bank (NRB) on Thursday mopped Rs 50 billion from the banking system, following an increase in liquidity in the market. The central bank last mopped liquidity from the market approximately a week ago. The NRB uses deposit collection tools to draw liquidity when there is an excess of […]
Kathmandu / June 9: The 21st meeting of the International Development Association (IDA) under the World Bank Group is set to be held in Nepal. This is the largest World Bank program to take place in Nepal. Prime Minister Pushpa Kamal Dahal will inaugurate the meeting, scheduled in Kathmandu from June 18 to 21. Various […]
Kathmandu / June 8: Finance Minister Barshaman Pun has claimed that present government was moving towards journey of national prosperity. Government is focused on socioeconomic transformation of the country, he added. Minister Pun was making such views during a programme organized by the Returnee Centre Nepal here today. He argued that fundamental achievements were made […]
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