DILIP PAUDEL

The Finance Ministry’s trend of drafting ambitious budgets but failing to spend them has repeated this year as well. Due to the government's weak spending capacity, Rs 350 billion of the allocated budget for the current Fiscal Year (FY) remained unspent.

Since petroleum contributes to environmental pollution, the corporation is now moving forward with preparations for the commercial production of hydrogen for domestic use.

Nepal’s external debt surpasses Rs 1.38 trillion and internal debt Rs 1.27 trillion 

After a Cabinet decision in mid-August 2022 to relocate the depot, necessary land near the Nepal Army Golf Course at Gauchar was earmarked for the NOC. But CAAN has not yet transferred the full plot, said Pradeep Yadav, head of the aviation fuel depot.

The stagnation in domestic rice production is attributed to various factors including fallow arable land, lack of improved seed varieties, inadequate chemical fertilizers and limited irrigation infrastructure.

According to project head Pradeep Yadav, the state-of-the-art depot includes three aviation fuel tanks with a capacity of 1.2 million liters each. “A new aviation fuel depot has been completed at PRIA,” said Yadav, “We are preparing to bring it into operation from the second week o...

Nepal is grappling with a steep decline in foreign aid at a time when its own revenue collection has failed to meet expectations, leading to a shortage of funds for national development. Over the past four years, foreign aid has dropped by nearly Rs 61 billion, with both concessional loans and grant...

Following Trump’s election, the Department of Government Efficiency (DOGE), led by Elon Musk, unilaterally announced the suspension of the MCC, despite it being ratified by the parliaments of both countries.

As per the proposed law, the government of Nepal will hold 51 percent ownership in the fund. Various funds including those with Employee Provident Fund, Citizen Investment Fund, and Social Security Fund are proposed to hold a 25 percent share. Similarly, life insurance companies, non-life insurance...

Nepal Airlines Corporation incurred the highest loss of Rs 652.9 million, followed by Nepal Water Supply Corporation at Rs 546.9 million, Dairy Development Corporation at Rs 484.2 million, Udayapur Cement at Rs 362.8 million, and Nepal Television at Rs 351.2 million.