Kathmandu / May 28: The government has announced the budget of Rs 1.86 trillion for the upcoming fiscal year 2024/025. Minister for Finance Barshaman Pun unveiled the budget in a joint meeting of the federal parliament this afternoon. As announced, Rs 1140.66 billion (61.31 percent) has been allocated towards current expenditure while Rs 352.35 billion […]
Kathmandu / May 17: The Nepal Rastra Bank (NRB) has, through third quarter review of the monetary policy of the current fiscal year 2023/24, reduced the risk weightage of vehicle loan. The risk weightage on hire purchase loans provided by banks and financial institutions has been reduced to 100 per cent from the existing 125 […]
Kathmandu / May 15: The economic growth rate of the country is projected to reach 7.3 per cent in the next five years. A target has been set to make an economic growth rate 7.3 per cent under the goal of the 16th Plan made public by the National Planning Commission here today. Making a […]
Kathmandu / May 12: Most of economic indicators based on the nine months data ending mid-April are positive in the country. Till mid-May of the current fiscal year, the CPI-based Inflation remained within the expectations while a balance of payment remained at a surplus and the foreign exchange reserves increased. According to the report about […]
Kathmandu / May 7: Finance Minister Barsha Man Pun has made it clear that nothing would be done from the government side, discouraging the private sector. Speaking during the discussions held today at the Ministry to collect suggestions from the representatives of banks and the finance sector for the next fiscal year’s budget, he urged […]
Kathmandu / May 2: Finance Minister Barshaman Pun has said the cooperation of former administrators and economic experts is needed to make the budget for an upcoming fiscal year objective and in compatible with time. According to the Finance Minister’s Secretariat, the Minister sought submissions from former finance secretaries, Nepal Rastra Bank (NRB) former governor […]
Kathmandu / April 30: The National Statistics Office (NSO) has estimated that Nepal’s economy will grow by 3.54 percent (at constant price) in the current fiscal year. Unveiling its report on Tuesday, the NSO has estimated the country’s economic growth rate, which is more than the growth rate of 2.31 percent that the country achieved […]
Kathmandu / April 28: The Third Investment Summit has started in the capital from today. It is being organized to bring in foreign direct investment and launch development projects for the country’s economic progress. The government is dangling 151 projects. The event inaugurated by Prime Minister Pushpa Kamal Dahal ‘Prachanda’ is being attended by over […]
Kathmandu / April 28: China has announced free visa for Nepali citizens, effective from May 1, 2024. The Chinese Embassy in Nepal has decided not to accept fees for Chinese visas from Nepali citizens from May 1, 2024. Chinese Ambassador to Nepal Chen Song said that such a decision was taken to promote the relationship […]
Kathmandu, April 23: Minister for Industry, Commerce and Supplies, Damodar Bhandari, has said Nepal failed to secure expected benefits from international trade despite the completion of 20 years of its membership in the World Trade Organisation (WTO). Speaking at a programme on “expectations, achievements and future course of action in 20 years of Nepal’s WTO […]
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