Kathmandu / July 19: Lack of clarity on the policy of foreign direct investment (FDI) and procedural flaws existing at the bureaucratic and political fronts has appeared as a major hindrance to attract foreign capital, said experts. Speaking in a virtual interaction organized by the Society of Economic Journalists-Nepal on Monday, experts maintained that this […]
Kathmandu / July 17: The government revenue has risen in the Fiscal Year (FY) 2020/21. Surpassing the amount of FY 2019/20, the revenue of FY 2020/21 is up by Rs 232.8 billion. Financial Comptroller General Office (FCGO) revealed that the revenue has jumped up to the Rs 938.3 billion mark from Rs 705.4 billion of […]
Kathmandu / July 15: Consumer price inflation has decreased 0.35 per cent to stand at 4.19 per cent in the last 11 months in the current fiscal year, 2020/21. The consumer price inflation stood at 4.54 per cent in the same period in the FY, 2019/20, according to a report made public today by the […]
Kathmandu / July 14: The government has granted permission to the Ministry of Health and Population to spend Rs. 5 billion for the procurement of COVID-19 vaccines. Newly-appointed Finance Minister Janardan Sharma took a decision to this effect shortly after assuming his office. The new government formed under the leadership of Nepali Congress President Sher […]
Kathmandu / July 9: President of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Shekhar Golchha urged the French investors to take benefit by investing in Nepal. Addressing the virtual meeting of the Nepal French Business Forum on Thursday the FNCCI President said that Nepal is ready to receive investment. He said that Nepal […]
Kathmandu / July 8: The Ministry of Finance (MoF) has directed the Financial Comptroller General Office not to release payments to those local governments that have failed to present their annual budgets so far. An intergovernmental finance management law has set June 24/25 (Asadh 10) as the deadline to announce the budget at the local […]
Kathmandu / July 7: The government has included five more items — tea, electricity wire and conductor, footwear, zinc sheets and paints — in the lists of the potential goods in which Nepal is being self-reliant. According to a report recently unveiled by the Department of Industry (DoI), it has reached the conclusion following a […]
Kathmandu / June 26: The much-awaited national pride project, Upper Tamakoshi Hydropower Project, is all set to come online within coming July 15. It will start generating 152 megawatts of electricity. Necessary preparations have reached the final stage for producing electricity from two units of the Project within July 15. Project spokesperson Dr Ganesh Neupane […]
Kathmandu / June 24: Import to Export ratio shrank as export jumped up by 37 percent in the last 11 months in comparison to the review period of the 11 months of the previous FY. The Foreign Trade Statistic released by of the Department of Custom showed that the import to export ratio reduced to […]
Kathmandu / June 21: The government has approved investment worth Rs 97 billion to construct two hydropower projects. According to the Office of the Investment Board, Nepal (IBN), its 47th board meeting led by Prime Minister KP Oli on Tuesday gave the go-ahead to construct 762 MW Tamor Storage Hydroelectricity Project and 139.2 MW Manang-Marsyangdi […]
