Kathmandu / April 7: Nepal Rastra Bank (NRB) Spokesperson Gunakar Bhatta has said that the government has decided to stop the import of luxury items to prevent the decline of the foreign exchange (forex) reserves of the country. Stating that the biggest challenge at hand is the proper management of foreign exchange reserves, he said […]
Ramesh Lamsal, Kathmandu / April 3: India has paved the way for electricity trade from Nepal, rising above the framework of the South Asian Association for Regional Cooperation (SAARC) and the declaration of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). Although Nepal has been making efforts for a long for […]
Kathmandu / Mar. 29: Economists and experts have accused the Ministry of Finance (MoF), the pivotal government agency to look after the economic health of the country, of focusing on populist programs and acting as a revenue collection organ rather than solving the real problems of the economy. Speaking at a program entitled ‘Current Economic […]
Kathmandu / Mar. 22: Prime Minister Sher Bahadur Deuba has directed all concerned authorities to formulate policies and programmes to keep the country’s economic condition in balance and to reduce the trade deficit. PM Deuba instructed so at a ministerial meeting of the Development Issues Resolution Committee under the Ministry of Industry, Commerce and Supplies […]
Kathmandu / Mar. 21: The aggregate amount of the government receipts thus far has already surpassed the amount recorded in the same period in the previous fiscal year (FY). The Financial Comptroller General Office (FCGO) revealed that the aggregate receipts went up by 20 per cent during the first eight months of the current FY. […]
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 […]
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Kathmandu, Nepal
4479401
Editor : Mr. Divesh J.B. Rana
Chairperson : Mr. Kishore Thapa