Revenue growth of 41.7pc seen in Q1 Kathmandu, October 23 The government has exceeded revenue collection target in the first quarter of the ongoing fiscal year with revenue growth of 41.7 per cent compared to the corresponding period of the previous fiscal. The government has... 24 Oct, 2018
Nepal's economy to grow by 6 per cent for next three years Rising revenue potential of sub-national governments will be critical though Kathmandu, October 7 The country's economy is projected to achieve an average six per cent growth in the next three years, however the performance could be less... 08 Oct, 2018
Staff shortage in provinces, local bodies Kathmandu, October 2 The delay in endorsement of the Federal Civil Service Bill may prolong the problem of staff shortage in provincial and local governments. The government had framed Civil Servants Adjustment Act and Regulation to transfer... Travel 03 Oct, 2018
Integrated public finance management reform programme launched Kathmandu, September 27 The government has launched integrated public finance management reform programme to execute the second phase of public finance management reform programme (2016-25). The government will mobilise $15 million for the... 28 Sep, 2018
Govt to amend Public Roads Act Kathmandu, September 19 In a bid to make laws that are compatible with the federal system of governance that the country has adopted, the government has started to amend the Public Roads Act 1974. “The Ministry of Physical Infrastructure and... 20 Sep, 2018
Govt doesn�t have fiscal space to launch supplementary budget Economic reforms cannot open the floodgates as in 1990s On January 1, Rs 102.5 used to fetch a US dollar. Since then, the value of Nepali rupee has slumped by over 12 per cent. Today, one needs to fork out over Rs 115 to buy each dollar. Rampant... 18 Sep, 2018
EDITORIAL: Cold-shouldered By cancelling the scheduled meeting with chief ministers, PM Oli has shown his unwillingness to listen to problems of the provincial governments Prime Minister KP Sharma Oli abruptly cancelled his planned meeting with Chief Ministers (CMs) of all... 11 Sep, 2018
Intergovernmental transfers: Fiscal issues in federalism In the dawn of the federal system in Nepal, the National Natural Resources and Fiscal Commission can play a vital role in management of intergovernmental fiscal transfers and promote cooperation among vertical and horizontal governments After the... 11 Sep, 2018
Federal govt to be more prudent in grant transfer Kathmandu, September 1 It seems the federal government has become more cautious when it comes to transferring grants to the lower layers of administration, as funds piled up in the treasuries of the sub-national governments while the federal... 02 Sep, 2018
�Different tiers of government are viewing federalism through their own lenses� Many provincial and local governments have complained that they have not been able to function properly due to shortage of staff. The federal government has been saying it will resolve the problem by deploying its staff to the sub-national governments,... Travel 27 Aug, 2018
Nepal, World Bank sign $15m agreement Kathmandu, August 24 Nepal government and the World Bank signed a financing agreement for $15 million, equivalent to approximately Rs 1.64 billion here today for strengthening the country’s public financial management (PFM). The agreement was... 25 Aug, 2018
Parliamentary panel for ending tax duplication Kathmandu, August 14 The Finance Committee of the Federal Parliament today instructed the government to resolve the issue of haphazard taxation by sub-national governments that is beyond their jurisdiction. The Finance Committee today summoned... Travel 15 Aug, 2018
