Published On: March 6, 2024 07:30 AM NPT By: Republica
Nepal finds itself under the critical scrutiny of analysts and economists, who decry its inability to curtail unnecessary expenses in the wake of sluggish revenue collection. As the nation grapples with a soaring public debt, experts are urging the government to take austerity measures to safeguard public finances and foster sustainable economic growth.
Published On: March 5, 2024 07:32 AM NPT By: Republica
Prime Minister Pushpa Kamal Dahal on Monday reshuffled his coalition partners and appointed three new ministers, marking a significant shift in the political landscape of Nepal. Breaking away from the Nepali Congress (NC), the largest party in the House of Representatives, Prime Minister Dahal has forged a new alliance with the CPN-UML, the second-largest in the lower house-- along with Rastriya Swatantra Party and Janata Samajbadi Party.
Published On: March 4, 2024 07:30 AM NPT By: Republica
Nepal's growing cement industry is emerging as a beacon of hope for the nation's foreign trade, offering a promising avenue to address the widening trade deficit. The government's proactive implementation of effective policies has fueled a five-fold increase in cement exports in the fiscal year 2023/24, demonstrating a stark contrast to the previous year.
Published On: March 3, 2024 07:30 AM NPT By: Republica
As the clock ticks on the completion of our ambitious transmission line and road upgradation projects under the Millennium Challenge Account-Nepal (MCA-Nepal), the projects find themselves entangled in a web of delays, bureaucratic hurdles and legal disputes. With six months of the five-year project already elapsed, concerns mount over the MCA-Nepal’s ability to stay on course.
Published On: March 2, 2024 09:15 AM NPT By: Republica
In its first such confirmation, the government has conceded that Indians have been recruited by the Russian Army and positioned inside the Ukrainian border in land now under Russian control. The Ministry of External Affairs (MEA) says a “few” Indian nationals had signed up for support jobs, as military helpers and loaders, something the government actively discourages.
Published On: March 1, 2024 07:30 AM NPT By: Republica
The government has amended the Public Procurement Regulation for the 13th time in a bid to extend the contracts of projects delayed due to various circumstances.
Published On: February 29, 2024 07:30 AM NPT By: Republica
Nepal, like the other countries in South Asia, is notorious for pay disparity based on gender. In a comprehensive report published in 2019, the then Central Bureau of Statistics (now National Statistics Office) said the pay disparity between men and women in Nepal was around 30 percent.
Published On: February 28, 2024 07:30 AM NPT By: Republica
The government on Monday reiterated its priority to construct Nijgadh International Airport (NIA) while unveiling the Principles and Priorities of Budget for the next fiscal year. The construction process will be taken forward after finalizing the investment design of Nijgadh Airport.
Published On: February 27, 2024 07:30 AM NPT By: Republica
Despite forecasts from the government agencies concerned that Nepal would receive more than the three-decade average rainfall in the 2023-24 winter, it rained very little in Nepal this winter. According to the Department of Hydrology and Meteorology, the country has received only 12.1 mm of rainfall this winter so far (from 23 December 2023 to 26 February 2024).
Published On: February 26, 2024 07:30 AM NPT By: Republica
Recently, the Henley Passport Index announced the global ranking of passports for the year 2024. According to the Index, the Nepali passport continues to fare very poorly in the global ranking of passports.