My Republica

Kuvera Chalise

Business and Economy Bureau Chief of Nagarik (national vernacular daily) and Republica (English national daily), Kuber Chalise (print name: Kuvera Chalise) has almost two decades’ experience of journalism especially in business and economy.

Govt releases Rs 5 million each to 744 local units

March 16, 2017 07:11 AM

KATHMANDU, March 16: The Ministry of Finance has released Rs 5 million each to the 744 new local units. A cabinet meeting had last week decided to provide at least Rs 10 million each to the local units.

Govt delaying action against tax cheaters

March 16, 2017 01:10 AM

KATHMANDU, Mar 16: Despite clear direction of the Parliamentary Accounts Committee (PAC) to investigate and penalize responsible authorities for not recovering capital gains tax (CGT) from the seller of GSM operator Ncell, concerned authorities, after 10 months of the shares transfer, are arguing on who should pay the CGT.

Low-spending projects to be told to surrender budget

March 15, 2017 01:00 AM

KATHMANDU, Mar 15: The Ministry of Finance has started the process to withdraw budget from projects that have failed to spend till the end of the eighth month -- by March 13 -- of the current fiscal year.

Cabinet decides to recover CGT from TeliaSonera

March 8, 2017 19:53 PM

KATHMANDU, March 8: The government on Wednesday decided to recover capital gains tax (CGT) from TeliaSonera, the seller of telecommunications company Ncell while other remaining taxes from Axiata, the buyer of Ncell.

Investment climate in Nepal improving

March 2, 2017 05:00 AM

KATHMANDU, March 2: The government in recent months has passed and introduced key legislations to create investment friendly environment. And with the new legislatures that have helped create investment climate, the government is organizing the Investment Summit after a long duration of 25 years. The earlier Investment summit, the government organized was in the 1992.

50 laws need to be amended by 2018

February 28, 2017 09:30 AM

KATHMANDU, Feb 28: Nepal needs to amend some 50 laws within next two years to abide by its international commitment to fight flow of dirty money.

Petroleum tanker operators protest illegal: Secretary

February 22, 2017 16:06 PM

KATHMANDU, Feb 22: The agitating petroleum tanker operators should be jailed as they have been disrupting the supply of essential products, Supplies Secretary Prem Kumar Rai told the parliamentarians on Wednesday.

Nepal still remains mostly an unfree economy: Heritage Foundation

February 18, 2017 10:38 AM

KATHMANDU, Feb 18: Even though it has improved in ranking, Nepal still remains a mostly unfree economy, according to a report from an American think tank.

Political instability, lack of vision led to wasted generation

February 18, 2017 08:50 AM

KATHMANDU, Feb 18:  For anyone born on February 18, 1951, the day democracy came to Nepal, it has been a lifetime wasted by political instability decade after decade and lack of economic  vision among successive leaders.

Infrastructure development key to propel growth

February 6, 2017 00:20 AM

KATHMANDU, Feb 6: Various studies show that 1 percent increase in the stock of infrastructure is associated with a 1 percent increase in gross domestic production (GDP). One of the key avenues through which infrastructure contributes to economic growth is by improving competitiveness and facilitating international and domestic trade by reducing the cost, according to World Development Report.

Nepal Investment Summit in the first week of March

February 2, 2017 03:47 AM

KATHMANDU, Feb 1: Investment Board of Nepal (IBN) has prepared a project bank, including some 30 to 35 mega projects, to showcase at the Nepal Investment Summit to be held in Kathmandu on March 2-3.

10 ministries spend less than 10 percent capital budget

February 1, 2017 03:35 AM

KATHMANDU, Jan 31: Government agencies are losing their institutional capacity to expedite capital spending.

Nepal tops regional ranking in inclusive development index

January 18, 2017 10:23 AM

KATHMANDU, Jan 18: Nepal is not only advancing -- in the last five years -- in the Inclusive Development Index (IDI) but also ranks first in the South Asian region, a global report published on Tuesday shows.

Only 20 percent of budget spent in five and half months

December 26, 2016 09:29 AM

KATHMANDU, Dec 26: The government is sitting on a cash pile worth one-fifth of the total budget which could build two Kathmandu-Tarai Fast Track Road projects.

Nepal to graduate from LDC in 2024: UN

December 17, 2016 00:20 AM

KATHMANDU, Dec 17: Nepal is among the 16 countries that will graduate to the developing country status from the current Least Developed Country (LDC) category, according to a report by the UN agency.

Nepal should improve business environment, says US envoy

October 21, 2016 08:32 AM

KATHMANDU, Oct 20:Nepal should improve doing business environment and build competitiveness to attract foreign investment, according to US Ambassador to Nepal Alaina B Teplitz.

Nepal 4th most competitive economy in South Asia

October 1, 2016 00:20 AM

KATHMANDU, Oct 1: Though Nepal has improved its competitiveness by a notch, it has lost its rank as the third most competitive economy in South Asia, according to Global Competitiveness Report 2016-17 published by World Economic Forum (WEF).

Whither economic revolution?

September 20, 2016 00:30 AM

KATHMANDU, Sept 20: The country is celebrating first anniversary of the promulgation of the new constitution. One year on, the constitution that was expected to end political transition spanning almost seven decades and bring stability has still been revolving around the politics, pushing the economic agenda on the back burner.

Nepal-India agree new loans, to push ongoing hydro projects

September 17, 2016 00:20 AM

KATHMANDU, Sept 17: Nepal and India on Friday signed an agreement for a line of credit (LoC) of US$ 750 million for post-earthquake reconstruction in Nepal.

PM to personally monitor national pride projects

September 13, 2016 01:40 AM

KATHMANDU, Sept 13: Prime Minister Pushpa Kamal Dahal has announced that he will personally take stock of all the national pride projects.