Kathmandu / Feb 10: The government has reduced the budget of the current fiscal year to Rs 1.546 trillion from Rs 1.632 trillion, admitting the slow pace of progress achieved against the expected target during mid-July and mid-January. Announcing a mid-term review of the annual budget on Thursday, Finance Minister Janardan Sharma revised the annual […]
Kathmandu / Feb 9: The Ministry of Finance has stated that there will be no shortage of budget for the Kathmandu-Terai / Madhesh Fast Track project that is under construction at present. The Ministry of Finance has given such a reply while the Nepal Army, which is responsible for the construction of the project, is […]
Kathmandu / Feb. 7: Minister for Energy, Water Resources and Irrigation Pampha Bhusal has stressed the need for establishing and running all industries including a chemical fertilizer industry through the use of electricity for the long-term welfare of the country. The industrialists who have invested through the Investment Board Nepal (IBN) should encourage the consumption […]
Bishnu Pandey / Kathmandu, Feb. 5: The administrative processes have reached the final phase for the extraction of the iron ore deposit at Dhauwadi hill in Hupsekot Rural Municipality-5 of the east Nawalparasi district. With a view to extracting iron from the mines at Dhauwadi, the government has established Dhauwadi Iron Company Limited. The office […]
Ajay Chhetri / Kathmandu, Jan 31: The federal government received more than 50 per cent of its targeted receipts as of January 2022 while it has spent just over 34 per cent of the annual target. The upsurge in the aggregate receipt is immensely pushed up by a significant rise in tax revenue and non-tax […]
Kathmandu / Jan 30: Economists have asked the government to implement stern measures to check depleting foreign currency reserves amid worsening balance of payments (BoP). In a meeting with the Finance Minister Janardan Sharma on Sunday, the experts suggested the government continue with existing restrictions on import until the country’s BoP returns to normal. Although […]
Yubaraj Pandey / Butwal, Jan 29: Entrepreneurs have been suffering due to the lack of Integrated Customs Check Post (ICP) at Bhairahawa, considered as the second largest customs point in Nepal. As a result, the entrepreneurs have been forced to bear various hassles along with additional fees. As per the agreement reached between the Governments […]
Kathmandu / Jan 28: Export of Nepali products towards India and third countries via Birgunj checkpoint has increased significantly in the recent six months of the current fiscal year 2021/22. The export went up by 186 per cent during the period as compared to the first six months of the fiscal year 2020/21. Nepali goods […]
Ajay Chhetri / Kathmandu, Jan. 25: The liquidity management issue has lasted longer in the bank and financial institutions (BFIs) alongside the daunting macroeconomic indicators. The Nepal Rastra Bank (NRB) data shows that the trend of the excess liquidity indicator fluctuated around Rs. 122.9 billion to Rs 120 billion at the beginning of the current […]
Ajay Chhetri / Kathmandu, Jan 23: Trade deficit has increased by 46.64 per cent during the first half of the current fiscal year (FY) in comparison to the same period of the previous FY. The first six month’s foreign trade statistics (FTS) released by the Customs Department recorded the trade deficit of Rs 880.4 billion […]
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Editor : Mr. Divesh J.B. Rana
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