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Minimum threshold for FDI injection lowered to Rs 20 million from Rs 50 million
Published On: May 29, 2022 05:11 PM NPT By: Republica
KATHMANDU, May 29: The government has revised the minimum threshold for foreign direct investment (FDI) to Rs 20 million from the existing Rs 50 million.
325 kms roads blacktopped, 80 bridges constructed in eight months of current FY: Economic Survey
Published On: May 29, 2022 04:25 PM NPT By: RSS
KATHMANDU, May 29: The blacktopping of roads 325 kilometers in length and the construction of 80 road-bridges were completed in the first eight months of the current fiscal year, 2021/22, according to the Economic Survey Report unveiled by the government on Saturday.
Cabinet approves budget for FY 2022/23
Published On: May 29, 2022 04:03 PM NPT By: Republica
KATHMANDU, May 29: A Cabinet meeting on Sunday approved the budget for the fiscal year 2022/23. Finance Minister Janardan Sharma will be shortly delivering his budget speech at a joint parliament meeting today.
Nepal’s per capita debt reaches Rs 63,310
Published On: May 29, 2022 03:50 PM NPT By: Republica
KATHMANDU, May 29: The government’s public debt has reached Rs 1.848 trillion as of mid-March this year, with the government relying more and more on borrowing to meet its financial liabilities due to low revenue collection amid soaring expenditure.
NICCI elects new executive committee
Published On: May 29, 2022 03:13 PM NPT By: Republica
KATHMANDU, May 29: The 26th and 27th annual general meetings of Nepal-India Chamber of Commerce & Industry (NICCI) have unanimously elected a president and nine executive members for the next two years. The AGM held in Kathmandu on May 26 elected Shreejana Rana representing Hotel Annapurna unanimously to the post of NICCI President.
Tara Air aircraft which took off from Pokhara for Jomsom loses contact
Published On: May 29, 2022 11:57 AM NPT By: Santosh Pokharel
The aircraft took off under the command of Prabhakar Ghimire
Finance Minister Sharma to present budget today
Published On: May 29, 2022 09:35 AM NPT By: Republica
KATHMANDU, May 29: The government is scheduled to present the budget for the coming fiscal year in a joint sitting of both the houses of the federal parliament on Sunday at 4 PM.
Nepal, Philippines need to work together to seize huge potentials of mutually beneficial cooperation: Ambassador Bagatsing Jr
Published On: May 28, 2022 11:14 PM NPT By: Republica
KATHMANDU, May 28: Ambassador of Philippines to Nepal Ramon S Bagatsing, Jr has said that both Nepal and Philippines need to work together to seize immense potentials of mutually beneficial cooperation that exist between the two countries.
Gross investment in the current FY grows at slower pace due to low govt capital expenditure: Economic Survey
Published On: May 28, 2022 10:50 PM NPT By: Republica
KATHMANDU, MAY 28: The gross investment of Nepal is expected to grow by 18.1 percent in the current fiscal year, way down from 29.3 percent last year.
NRB to further tighten money supply as pressure continues to exist on inflation and foreign currency reserves
Published On: May 28, 2022 06:13 PM NPT By: Republica
KATHMANDU, May 28: Nepal Rastra Bank (NRB) has said it will tighten the money supply further if the soaring consumer inflation and existing pressure on foreign currency reserves are not eased.
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