Kathmandu / Mar. 20: The Asian Development Bank (ADB) Director-General for South Asia, Kenichi Yokoyama, visited Nepal from March 16 to 19. During his visit, Yokoyama reaffirmed ADB’s strong support to Nepal’s development agenda. He had served as Country Director for Nepal from 2012 to 2017. “I am very happy to be back in Kathmandu […]
Kathmandu / Mar. 15: The Asian Development Bank (ADB) is injecting US $ 932 million in 2022 in Nepal – around four-folds of the amount disbursed in 2021. According to the ADB, it disbursed USD 272.9 million in 2021. Of the amount, the multilateral donor organization provided USD 165 for vaccine loan to the landlocked […]
Kathmandu / Mar. 13: Finance Minister Janardan Sharma has said that provisions have been made for the import margin to solve the challenges seen in the economy. Addressing a seminar on customs management organized at the Department of Customs (DoC), Tripureshwar on Sunday morning, Finance Minister Sharma directed the officials to reach the target by […]
Kathmandu / Mar. 2: Finance Minister Janardan Sharma has directed the Security Board of Nepal, and Nepal Stock Exchange Limited (NEPSE) to focus on improving the capital market. Both of the agencies were handed an 11-point directive in this regard. At a programme organized here Wednesday, Minister Sharma asked NEPSE and SEBON leaderships not to […]
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 […]
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Kathmandu, Nepal
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Editor : Mr. Divesh J.B. Rana
Chairperson : Mr. Kishore Thapa