Published On: September 6, 2018 07:29 AM NPT By: Rudra Pangeni
KATHMANDU, Sept 6: At a time when Dhurmus Suntali Foundation has developed at least three integrated settlements in earthquake-hit districts and smoothly handed it over to needy people, the government’s plan of building apartments for landless families and quake-hit families living in extreme poverty is not taking off in the absence of a policy to identify beneficiaries.
Published On: September 3, 2018 08:02 AM NPT By: Rudra Pangeni
KATHMANDU, Sept 3: The National Reconstruction Authority (NRA) has finally opened the financial proposals submitted by five firms bidding for the reconstruction of Dharahara.
Published On: September 1, 2018 07:15 AM NPT By: Rudra Pangeni
KATHMANDU, Sep 1: One thing is common for Kathmandu in 2014 and 2018. Four years ago, the roads in the capital city were in bad shape, dusty and full of potholes, when the country started eleventh hour preparations for a SAARC summit. Delays in road work were rampant. Things are almost the same four years later.
Published On: August 30, 2018 05:00 AM NPT By: Rudra Pangeni
KATHMANDU, Aug 30: China Three Gorges International is on the verge of walking away from the 750-MW West Seti Hydroelectric Project.
Published On: August 23, 2018 07:30 AM NPT By: Rudra Pangeni
KATHMANDU, Aug 23: A four to five kilometer stretch of the Sikta Irrigation Project main canal is largely weak and vulnerable to further damage. The parts of the canal constructed with soil refill are more seriously vulnerable than the parts that have been cut into the ground.
Published On: August 14, 2018 08:55 AM NPT By: Rudra Pangeni
KATHMANDU, Aug 14: Members of a parliamentary subcommittee four years ago found several weak points and substandard work in the construction of the main canal at Sikta Irrigation Project during a site inspection. But the Finance Committee subcommittee did not report the flaws to the government or any other oversight agency because of the vested interest of one of its members, it has come to light.
Published On: August 12, 2018 09:05 AM NPT By: Rudra Pangeni
KATHMANDU, Aug 12: The government has restructured tax collecting entities and redefined the threshold of large taxpayers to those doing an annual transaction of Rs 800 million or above to make the existing Large Taxpayers Office (LTO) lean and thin.
Published On: July 24, 2018 07:00 AM NPT By: Rudra Pangeni
KATHMANDU, July 24: According to Revenue Secretary Shishir Kumar Dhungana, the government imposed the new tax after finding income tax collection from the sector very low. He, however, clarified that the tax cannot be passed on to consumers.Fruits and vegetable traders have allegedly hiked prices after TDS came into effect from last Tuesday -- the start of new Fiscal Year 2018/19.
Published On: July 23, 2018 08:31 AM NPT By: Rudra Pangeni
KATHMANDU, July 22: National Reconstruction Authority (NRA) has sought information about six Chinese firms that have partnered with Nepali civil contractors to submit a bid for rebuilding of Dharahara.
Published On: July 21, 2018 10:22 AM NPT By: Rudra Pangeni
KATHMANDU, July 20:The government treasury is now empty following irrational budget distribution at the end of the fiscal year that ended Monday. Not a single penny has been left from the previous fiscal year , according to officials of the Ministry of Finance (MoF). This fiscal indiscipline on the part of the current government is sure to have serious consequences as it may trigger internal borrowing right from the first month, just as the previous government had done this time last year.
Published On: July 12, 2018 07:23 AM NPT By: Rudra Pangeni
KATHMANDU, July 12: Two groups of civil contractor companies are in a huge tussle to win a contract for rebuilding Dharahara. The tussle between a joint venture of Kalika Construction Pvt Ltd and Rasuwa Construction Company on one hand and Raman Construction Pvt Ltd on the other surfaced at the Office of Prime Minister and Council of Ministers, Tuesday.
Published On: July 9, 2018 06:37 AM NPT By: Rudra Pangeni
KATHMANDU, July 9: The white paper which Finance Minister Yuba Raj Khatiwada unveiled on March 30 painted a grim picture of the country’s economy showing various instances of gross violations of financial discipline and fiscal rules and regulations by the previous government.
Published On: July 8, 2018 05:15 AM NPT By: Rudra Pangeni
KATHMANDU, July 8: It has been three years since the transit point for trade with Tibet shifted to Rasuwagadhi from Tatopani following the big earthquake. But the food quarantine post still remains at Tatopani.
Published On: July 3, 2018 10:25 AM NPT By: Rudra Pangeni
KATHMANDU, July 3: When people in Kathmandu Metropolitan City elected a new leadership in May last year they were very hopeful that life in the city would become easier, with toxic pollution brought under control and waste management properly tackled.
Published On: June 20, 2018 07:00 AM NPT By: Rudra Pangeni
KATHMANDU, June 20: Nepal officially started building the Kathmandu-Tarai Expressway in 2017. The government recently announced it is to build a railway line along the same route, extending all the way to Raxaul across the Indian border.
Published On: June 2, 2018 03:17 AM NPT By: Rudra Pangeni
KATHMANDU, June 1: Local level units in Rautahat district have allocated more budget funds for roads than for any other sector, placing education, health and other sectors in the shadow. Katahariya Municipality has allocated Rs 90 million (over 45 percent), out of a total of Rs 200 million earmarked for capital spending, for road construction. Over-concentration on roads in budget allocations has undermined the other priorities.
Published On: June 2, 2018 02:26 AM NPT By: Rudra Pangeni
KATHMANDU, June 1: Local level units in Rautahat district have allocated more budget funds for roads than for any other sector, placing education, health and other sectors in the shadow. Katahariya Municipality has allocated Rs 90 million (over 45 percent), out of a total of Rs 200 million earmarked for capital spending, for road construction. Over-concentration on roads in budget allocations has undermined the other priorities.
Published On: May 30, 2018 09:20 AM NPT By: Rudra Pangeni
KATHMANDU, May 30: Finance Minister Yuba Raj Khatiwada tabled a budget of Rs 1.31 trillion in parliament Tuesday. This first full-fledged federal budget has emphasized job creation, allotted a third of the total budget for the provinces and local units.
Published On: May 28, 2018 06:37 AM NPT By: Rudra Pangeni
KATHMANDU, May 28: The government built fewer public infrastructures this year compared to last year, although there has been some progress in the reconstruction of public offices and utilities damaged by the earthquakes of 2015, says the new economic survey unveiled by the government on Sunday.
Published On: May 27, 2018 08:45 AM NPT By: Rudra Pangeni
KATHMANDU, May 27: Small and medium-size civil contractors have accused the big contractors of tarnishing the image of the sector by not doing their work in time and by lobbying bureaucrats to land contracts.