Govt fails to meet budget expenditure target Kathmandu, July 15 The government missed the budget expenditure target in fiscal 2016-17 as the pace of development expenditure remained sluggish with only 65.5 per cent of the Rs 311.95 billion allocated for development works spent. Also, a... Travel 16 Jul, 2017
Rs 218bn spent in last one month KATHMANDU: The government spent Rs 218.85 billion in the last month of fiscal year 2016-17, that is from mid-June to mid-July. The government spending was Rs 604.64 billion in the first 11 months of the fiscal, which rose to Rs 823.49 billion by the... Travel 16 Jul, 2017
THT 10 years ago: Biting off too much to chew Kathmandu, July 12, 2007 Skeptics suggest that this is a ‘make-belief’ budget, prepared for its own sake, by a government that is counting its days against the onset of Constituent Assembly elections. Most feel that finance minister Dr Ram... 13 Jul, 2017
Government on track to miss budget execution target yet again Kathmandu, June 15 The government seems to be on track to give continuity to the trend of low budget execution this fiscal also, as only 57.64 per cent of the total budget of Rs 1,048.92 billion has been spent in the first 11 months. At this... 16 Jun, 2017
Hoteliers seek foreign exchange facility for guests Kathmandu, April 25 Hoteliers have requested Nepal Rastra Bank (NRB) — the central regulatory and monetary authority — to allow them to provide foreign exchange facility to their guests. Organising an interaction with central bank authorities... 26 Apr, 2017
�Any increase in annual lending must go hand in hand with higher utilisation� The Asian Development Bank has long been assisting the country in the development of infrastructure projects, human resources and also in areas of inclusive and sustainable development. The Manila-based multilateral development partner has been... 05 Dec, 2016
Report highlights need for policy adjustment to realise BRI potential Potential gains for trade and capital investment are significant — UNESCAP Kathmandu, December 1 While the Belt and Road Initiative (BRI) is expected to promote economic cooperation among countries along the proposed routes, a new report... 02 Dec, 2016
Imports to be dearer as Nepali rupee slides Kathmandu, November 24 The sharp devaluation of the Nepali currency vis-à -vis the US dollar since a few days back has posed various challenges for the country’s import-based economy because imports in the coming days will be dearer and there will... 25 Nov, 2016
�Need for FDI to develop hydropower sector� Kathmandu, September 6 Underlining the huge potential in the country’s hydropower sector, energy experts have stressed on the need to draw foreign direct investment for the development of the sector. “We have both natural and human resources.... 07 Sep, 2016
�Finance Ministry will introduce project bank soon� The Ministry of Finance has time and again sounded alarm bells over fragmentation of aid money. The latest Development Cooperation Report says each development partner operating in the country worked with eight government ministries or agencies on... 25 Jul, 2016
House rejects budget bills with majority votes KATHMANDU: The Parliament with majority votes rejected the Finance Bill, the Bill to Raise Domestic Debt and the Loan and Guarantee Bill, on Friday. The bills were rejected after the previous ally CPN Maoist Centre and the main opposition Nepali... Horoscopes 22 Jul, 2016
MoF gears up to set up debt management division once again Kathmandu, June 3 After putting the issue of establishing Public Debt Management Division on backburner for some time, Ministry of Finance (MoF) has once again geared up to open the unit. “We have decided to revise the organisation and... 04 Jun, 2016
