KATHMANDU, September 12: The government, despite its commitment to give respite to the COVID-battered economy, has introduced pork barrel programs for the pandemic-hit sectors by allocating large amounts of funds on distributive headings.
KATHMANDU, June 29: The government has sped up ‘Asare Bikas’-- the year-end rush to exhaust the money allocated for development projects -- in a bid to save it from potential criticisms that it was unable to make enough capital expenditure.
KATHMANDU, May 29: The government has unveiled a budget of Rs 1.647 trillion, introducing a number of populist programs, despite the widespread concerns from various fronts not to launch such programs at a time when midterm elections have been announced.
KATHMANDU, May 22: The ongoing political wrangling has thrown the enactment of the annual national budget into uncertainty even as the constitutionally-defined date for budget announcement, May 29, is just a week away.
KATHMANDU, Feb 9: The government has reduced the budget of the current fiscal year to Rs 1.34 trillion from Rs 1.47 trillion, citing the spread of the COVID-19 that resulted in slow expenditure and revenue mobilization during the first half of the fiscal year.
KATHMANDU, Feb 5: The Nepal Bandha called by the Dahal-Nepal faction of the ruling Nepal Communist Party (NCP) on Thursday has once again crippled the country’s economy at a time when the economic activities have slowly started to gain pace.
KATHMANDU, Jan 26: Nepal Rastra Bank (NRB) in its Current Macroeconomic report of the first five months of the current fiscal year has stated that the consumer price inflation remained 2.93 percent during the period.
KATHMANDU, Jan 3: Last week, a group of entrepreneurs took to NIC Asia Bank complaining about the unnecessary pressure given by the bank’s officials on borrowers to settle the loan amount earlier than the prescribed date of loan maturity.
KATHMANDU, Dec 9: The government has stepped up to claim the geographical indication (GI) right on Basmati paddy in the European Union (EU), in response to India seeking an approval to receive GI certification for the same from the political and economic union of 27 member countries.
KATHMANDU, Oct 10: The Department of Commerce, Supplies and Consumer Protection on Friday ordered the proprietor of Ian Distributor Pvt Ltd, the company involved in relabelling of various expired food items and supplying them to the market, to deposit an amount of Rs 10 million. Similarly, the market regulator slapped a one-year jail term on an Indian national involved in the scam.
KATHMANDU, Sept 24: Cooperatives played a notable role in bringing farm products from the rural to the urban areas, which helped maintain the supply and price stability of the essentials in the market, said the stakeholders of the sector.
KATHMANDU, Aug 11: The government has come up with yet another directive for the monitoring and regulation of savings and credit cooperatives at a time when the oversight agencies have been struggling to enforce the provisions made in similar other laws for the sector.