Govt borrows Rs 2b overdraft Kathmandu, September 18: To cover the mounting budget deficit, the government has borrowed over two billion rupees draft from Nepal Rastra Bank (NRB) during the fiscal year 2004-05. Based on cash flow data, the budget deficit grew by about 12 per cent... 18 Sep, 2005
Monetary policy Missing issues and inconsistencies The fiscal and monetary policy was recently made public through the government budget and the Nepal Rastra Bank (NRB) policy announcement within a gap of six days. A close coordination between the two is essential to achieve the overall objectives of... 07 Sep, 2005
‘Budgetary reform need of the hour’ Himalayan News Service Kathmandu, January 7: Following a change in budgetary system from the current fiscal year making current and capital expenditure from regular and development expenditure, experts and economists have commented that the timely... 01 Aug, 2005
‘Capacitors help improve power supply’ Himalayan News ServiceKathmandu, July 28:Machinery and Electrical Complex (MEC) and EPCOS (Siemens) Company jointly held a seminar here today on electric parts and components (EPCOS). According to a press statement, EPCOS is taking a new approach to... 28 Jul, 2005
Unrealistic The Rs.127 billion national budget for the year 2005-6 presented by finance minister Madhukar SJB Rana on Saturday makes no important departures from the policy thrusts of the previous budgets, and this continuity is also reflected in its bloated size,... 17 Jul, 2005
Govt admits GDP growth forecast Himalayan News ServiceKathmandu, July 17:Senior officials of the government today admitted that projecting 4.5 per cent gross domestic product (GDP) growth for the next fiscal year, against a meagre two per cent last fiscal year, is a great challenge... 17 Jul, 2005
Budget 2005-06 draws mixed reaction Himalayan News ServiceKathmandu, July 17:Senior economists and former finance ministers termed the budget for fiscal year 2005-06 ‘ambitious’ and policy document ‘vague’. “The budget lacks proper focus to lead the economy,” they said, while... 17 Jul, 2005
NRB Report : Inflation to cross 4.5pc mark Himalayan News ServiceKathmandu, July 14: Due to sharp rise in the prices of grains and cereal products along with housing goods and services, transport and communication, the national price index in point-to-point basis, increased by 6.4 per cent... 14 Jul, 2005
GDP growth target lowered to 2.1pc Himalayan News ServiceKathmandu, June 24: Due to a dramatic fall in growth of non-agriculture sector, the GDP growth has been revised lowering it to 2.1 per cent during the current fiscal year, less than half of the budgetary target of about four per... 24 Jun, 2005
Current conflict Shocks and economic costs Bishwambher PyakuryalGovernment expenditure has increased as a proportion of GDP because of prolonged conflict.The conflict has resulted in the destruction and loss of life. Poverty and mass unemployment have made the individual citizens worse off.... 13 Jun, 2005
Coming budget to be realistic: Finance Minister Himalayan News ServiceKathmandu, June 5: Madhukar Shumshere JB Rana, finance minister, said that the coming budget will be realistic and based on revenue mobilisation and expenditures as well as economic growth target. At a pre-budget interaction... 05 Jun, 2005
Economy hit hard by poor security Himalayan News ServiceKathmandu, May 20:Economic activity in the country during the first half of 2005 has been adversely affected by the poor security situation and weather, according to a survey conducted by Asian Development Bank (ADB). The study... 20 May, 2005
