Published On: May 31, 2017 09:49 AM NPT By: Rudra Pangeni
KATHMANDU, May 30: The government has allocated 17 percent of the total budget, or Rs 225 billion, to 744 local units for the coming Fiscal Year 2017/18.
Published On: May 30, 2017 07:02 AM NPT By: Rudra Pangeni
KATHMANDU, May 29: The government has tabled a budget of Rs 1.278 trillion for the Fiscal Year 2017/18, and this budget is different from past ones as it has allocated sizable resources to the federal units for the first time. As part of implementation of the new constitution, the central government has allotted Rs 225 billion to 744 local units and another Rs 1.02 billion for each of the seven provinces.
Published On: May 29, 2017 05:30 AM NPT By: Rudra Pangeni
KATHMANDU, May 29: Nepal's economy has bounced back after two bad years punctuated by earthquake and the Indian blockade. Tabling the economic survey report in parliament on Sunday, Finance Minister Krishna Bahadur Mahara said that the economy, which contracted because of the earthquake and supply disruption in the boarder areas, has now fully rebounded. The survey is based on data for the first eight months of the current fiscal year.
Published On: May 25, 2017 01:00 AM NPT By: Rudra Pangeni
KATHMANDU, May 25: Few months before the constitution was promulgated, the erstwhile government, through its policy and programs, had announced an incentive package for merger of village development committees (VDCs).
Published On: May 24, 2017 06:00 AM NPT By: Rudra Pangeni
KATHMANDU, May 24: With Prime Minister Pushpa Kamal Dahal “all set to resign”, the Cabinet meeting on Tuesday decided to award the Budhigandaki Hydropower Project to a Chinese company. But the decision, according to government officials, to award the reservoir project to China Gezhouba Group Corporation (CGGC) has a rider - CGGC will have to come up with a technically and financially viable proposal within a year.
Published On: May 23, 2017 04:41 PM NPT By: Rudra Pangeni
KATHMANDU, May 23: The government has decided to award Budhi Gandaki hydro project to a Chinese company.
Published On: May 19, 2017 12:10 AM NPT By: Rudra Pangeni
KATHMANDU, May 19: The government is preparing to present a full-fledged budget for Fiscal Year 2017/18 in the parliament on May 29.
Published On: May 18, 2017 01:20 AM NPT By: Rudra Pangeni
KATHMANDU, May 18: Different ministries are preparing budget for all 744 local units for the coming fiscal year.
Published On: May 17, 2017 12:00 AM NPT By: Rudra Pangeni
KATHMANDU, May 17: Two budgetary programs allocated for development projects directly picked by parliamentarians will be discontinued in the new budget, according to officials involved in preparation of budget for Fiscal Year 2017/18.
Published On: May 11, 2017 01:30 AM NPT By: Rudra Pangeni
KATHMANDU, May 11: Candidates in the three provinces going to local polls in the first phase are using a different publicity modality than in past election campaigns. The use of pamphlets and brochures is sparse this time and the demand for paper for publicity purposes is very low, according to Nepal Printers Association.
Published On: May 10, 2017 05:00 AM NPT By: Rudra Pangeni
KATHMANDU, May 10: Kulman Ghising, the managing director of Nepal Electricity Authority (NEA), on Tuesday said that the power utility was buying energy-efficient LED lamps from India to enhance its demand-side management.
Published On: May 8, 2017 08:03 AM NPT By: Rudra Pangeni
JANAKPUR, May 3: On her way to school, fifth-grader Priti Kumari Yadav carries an empty sack to use as a mattress to sit on in her class. Yadav and her 33 classmates do the same because there is no furniture.
Published On: May 5, 2017 07:41 AM NPT By: Rudra Pangeni
KATHMANDU, May 5: The government has decided to entrust the task of building Kathmandu-Tarai Expressway Project to the Nepal Army (NA).
Published On: May 4, 2017 06:36 PM NPT By: Rudra Pangeni
KATHMANDU, May 4: The government has decided to entrust the task of building Kathmandu-Tarai Expressway, popularly known as Fast-Track, to Nepal Army.
Published On: May 4, 2017 09:31 AM NPT By: Rudra Pangeni
KATHMANDU, May 4: Changing the existing flat energy rates for dry months, Nepal Electricity Authority (NEA) has offered to pay developers better rate if the latter reserve water in the daytime and generate more energy during peak hour.
Published On: May 3, 2017 05:30 AM NPT By: Rudra Pangeni
KATHMANDU, May 3: Two major political parties-Nepali Congress and CPN UML-- have unveiled their election manifestos for the local elections, and most of the promises made in those documents are unrealistic. The targets of high per capita income, double-digit economic growth, and generation of up to 15,000 MW hydropower in 10 years are far from achievable because these are not backed by concrete plans and identification of the 'engine of growth' that will drive economic activity.
Published On: May 1, 2017 12:10 AM NPT By: Rudra Pangeni
KATHMANDU, May 1: Nepal has refused a proposal that authorizes India to select contractors for implementing different road and bridge projects to be built by its line of credit.
Published On: April 26, 2017 12:20 AM NPT By: Rudra Pangeni
KATHMANDU, April 26: Shop owners at Tribhuwan International Airport (TIA) are refusing to vacate their spaces, citing cases pending in different courts.
Published On: April 17, 2017 01:10 AM NPT By: Rudra Pangeni
KATHMANDU, April 17: Money disbursed by development agencies outside the government system increased significantly in fiscal year 2015/16, despite the government's effort to bring such spending into the government channel.
Published On: April 15, 2017 08:35 AM NPT By: Rudra Pangeni
KATHMANDU, April 15: Delays and cancellations of domestic flights have lately become routine events at Tribhuvan International Airport (TIA), thanks to poor visibility due to increased levels of fine dust particles in the air, and a surge in air traffic.