Economy

NRB unveils monetary policy for FY 2019/20; PAN mandatory for loan

Kathmandu / July 24: Nepal Rastra Bank unveiled Monetary Policy for the Fiscal Year 2019/20 on Wednesday that has paved the way for the establishment of branches of Nepali financial institutions in foreign countries. While making public the Monetary Policy at a televised press meet in the capital, Governor Chiranjivi Nepal said that Nepali financial […]


Finmin Khatiwada vows to promote social security in the country

Kathmandu / July 22: Finance Minister Yuba Raj Khatiwada on Monday said that Guthis (trusts) can contribute to promoting social security schemes launched by the government. Speaking at a conference titled “On the path to Universal Social Protection in Nepal” in the capital, Minister Khatiwada said that the tradition of loving and respecting juniors has […]


Govt to invest Rs 3 billion in shares of Sajha Yatayat

Kathmandu / July 18: The government has decided to invest Rs 3 billion in the shares of Sajha Yatayat. A recent cabinet meeting took a decision to this effect, according to the spokesperson of the government Gokul Baskota. “The money will be utilized to purchase 300 electric buses for Sajha Yatayat,” he said. The cabinet […]


Finance Minister Khatiwada inaugurates VCTS, all commodities to be registered under it

Kathmandu / July 17: Finance Minister Yuba Raj Khatiwada has inaugurated Vehicle and Consignment Tracking System(VCTS) today in the capital. The Office of the Prime Minister and Council of Ministers had issued a circular on the VCTS signed by the Chief Secretary Bishnu Prasad Lamsal on July 8, 2019. The circular stated that the VCTS […]


NCC urges govt to enforce central info system as pilot project

Kathmandu / July 15: The Nepal Chamber of Commerce has urged the government to pilot the central information system based on the web from the next fiscal year. In a press statement issued by the NCC on Monday, it said that in a lack of knowledge among the entrepreneurs about operating this system, the system […]


WB agrees to provide Rs 11 billion to Nepal

Kathmandu / July 12: The World Bank (WB) has renewed its support to the Government of Nepal to strengthen the country’s efforts towards fiscal federalism and improving public financial management. The assistance is announced under the Second Programmatic Fiscal and Public Financial Management Development Policy Credit Project. The $100 million (equivalent to Rs 11 billion) […]


Budget not discriminatory: Finance Minister Khatiwada

Kathmandu / July 5: Finance Minister Dr Yubaraj Khatiwada on Friday clarified that the recently unveiled budget for the fiscal year 2019/20 has not discriminated against anyone. “The budget is socialism-oriented. It has not discriminated against any particular area, sector and state,” he said responding to queries raised during a discussion on the Appropriation Bill […]


Tuladhar elected chair of Nepal-China Industry and commerce association

Kathmandu / July 1: Tribhuvandhar Tuladhar has been elected as the chair of Nepal-China Industry and Commerce Association. The 20th AGM of the Association held here today elected a new working committee under the chairmanship of Tuladhar. Similarly, Rajbabu Shrestha (Senior Vice-chair), Rastrabhushan Babukaji (vice chair) Bibek Poudel (general secretary) and Jagat Bahadur Shrestha (treasurer) […]


PM Oli warns of seeking strategic partner to run NAC

Kathmandu / July 1: Prime Minister KP Sharma Oli has said that the government will not provide the state-run Nepal Airlines Corporation(NAC) with money even in an insignificant amount under the existing circumstance. Oli clarified that the government has no trust in the management team of the NAC, which has incurred loss amounting to Rs […]


Dhauliganga Hydroelectric Dam to be cleaned, people concerned urged to stay safe

Baitadi / June 26: The dam of Dhauliganga Hydroelectric Project based in Dhauliganga River in Pithoragarh of Uttarakhand, India is to be opened Friday. According to a letter received from the NHPC Limited, Dhauliganga Power Station, Darchula in Pithoragarh, the works of shift flushing (cleaning) have been scheduled from 12:00 midnight of June 28 to […]




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