RAJESH KHANAL

The contributor for Republica.
news@myrepublica.com

Budget deficit surges to Rs 137.75 billion in first eight months of current FY

Published On: March 15, 2024 10:00 AM NPT By: RAJESH KHANAL

KATHMANDU, March 15: Nepal faced a budget deficit of Rs 137.75 billion in the first eight months of the current fiscal year due to a surge in financial liability on debt service of the government.

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Nepal-India ink long-term power trade agreement facilitating export of 10,000 MW of Nepal’s electricity to India

Published On: January 5, 2024 07:30 AM NPT By: RAJESH KHANAL

KATHMANDU, Jan 5: Nepal and India have signed a long-term Power Trade Agreement (PTA), which is expected to ensure a market for the electricity produced in the hydropower-rich Himalayan nation.

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NIA mulls blacklisting insurers and concerned agencies found cheating their clients

Published On: December 17, 2023 08:30 AM NPT By: RAJESH KHANAL

KATHMANDU, Dec 17: Nepal Insurance Authority (NIA) is considering blacklisting insurers and all those concerned if found cheating their customers.

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FinMin Mahat delighted by surge in secondary market and realty business despite poor economic indicators

Published On: December 14, 2023 07:35 AM NPT By: RAJESH KHANAL

KATHMANDU, Dec 14: At a time when a number of macroeconomic indicators have been posting a dismal picture of the economy, Finance Minister Prakash Sharan Mahat claims that the economy has started to move on the right track following the quarterly review of the monetary policy.

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Govt gears up for yet another investment summit amid criticism of failing to fulfill its past commitments

Published On: November 28, 2023 08:30 AM NPT By: RAJESH KHANAL

KATHMANDU, Nov 28: While the government has stepped up its efforts to conduct another investment summit, experts and private sector stakeholders have criticized the government for failing to implement necessary provisions that were committed in the previous editions to attract the foreign direct investment (FDI).

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Resumption of water supply from Melamchi River to be delayed by around one and a half months

Published On: September 5, 2023 08:05 AM NPT By: RAJESH KHANAL

KATHMANDU, Sept 5: Water distribution from Melamchi River will be delayed by around one and a half months of the scheduled date as the headworks of the water supply tunnel is covered with sludge following a flashflood in Melamchi River in the first week of August.

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NRB turns stern on categorization of risk and loan loss provision for the borrowers of banks

Published On: August 29, 2023 10:00 AM NPT By: RAJESH KHANAL

KATHMANDU, Aug 29: Nepal Rastra Bank (NRB) has stepped up efforts to take stern measures against the categorization of risk and loan loss provision.

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Nepse mulls stern action against stockbrokers found indulging in malpractices

Published On: August 27, 2023 09:05 AM NPT By: RAJESH KHANAL

KATHMANDU, Aug 27: Nepal Stock Exchange has looked forward to taking stern action against the brokerage companies that are found indulged in malpractices in shares transactions.

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MoF asks govt agencies to make necessary preparation to utilize the allocated funds by mid-August

Published On: July 23, 2023 07:40 AM NPT By: RAJESH KHANAL

KATHMANDU, July 23: In a bid to ensure effective implementation of the budget, the Ministry of Finance (MoF) has issued 81-point guidelines to all the ministries, departments and agencies of the government.

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Budget deficit recorded around Rs 400 in the FY 2022/23

Published On: July 18, 2023 08:00 AM NPT By: RAJESH KHANAL

KATHMANDU, July 18: The government witnessed a budget deficit of Rs 397.87 billion in the last fiscal year due to low revenue collection amid soaring public expenditure.

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Govt revising minimum wage rate of workers from the new FY 2023/24

Published On: July 17, 2023 07:35 AM NPT By: RAJESH KHANAL

KATHMANDU, July 17: The government has stepped up efforts for revising the existing minimum wage of workers effective from the new fiscal year (FY 2023/24), which is starting from Monday.

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Stock market regulator developing a system to detect fake IPO applications

Published On: July 16, 2023 09:00 AM NPT By: RAJESH KHANAL

KATHMANDU, July 16: The CDS and Clearing Ltd has stepped up its efforts to implement the ‘real time system’ of the applicants of the initial public offerings (IPOs) to check fake applications during the subscription process.

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Regulator of cooperative sector seeks details of money lent by cooperatives

Published On: July 10, 2023 08:35 AM NPT By: RAJESH KHANAL

KATHMANDU, July 10: The Department of Cooperatives (DoC) has asked the cooperatives to send the details of the individuals and institutions that have taken loans worth over Rs 10 million from the cooperatives concerned.

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NRB turns flexible allowing the banks to issue more loans to bad debtors

Published On: July 2, 2023 08:30 AM NPT By: RAJESH KHANAL

KATHMANDU, July 2: Nepal Rastra Bank (NRB) seems flexible to consider restructuring loans taken by the business entity amid rise in cases of loan defaulting that have led the banks to face increasing bad debts.

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Public debt approaching half of the country’s GDP is an alarming sign: Lawmakers

Published On: June 29, 2023 08:30 AM NPT By: RAJESH KHANAL

KATHMANDU, June 29: Lawmakers have termed the soaring public borrowing as ‘alarming’ for the country, stating that the debt trap is inevitable if the government does not take cautious measures on time.

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Nepal’s public debt surpasses capital expenditure in the first 11 months of current FY

Published On: June 22, 2023 08:00 AM NPT By: RAJESH KHANAL

KATHMANDU, June 22: The government took loans of Rs 300.06 billion in the first 11 months of the current fiscal year, which is almost double of the government’s spending of Rs 153.08 billion in development activities during the review period.

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Frequent power cuts at present is not due to electricity export to India: Ghising

Published On: June 19, 2023 08:30 AM NPT By: RAJESH KHANAL

KATHMANDU, June 19: Nepal Electricity Authority (NEA) has clarified that the frequent power outage observed at present is not an outcome of export of electricity to India.

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Former NRB governors urge central bank to take caution while devising Monetary Policy 2023/24

Published On: June 16, 2023 08:00 AM NPT By: RAJESH KHANAL

KATHMANDU, June 16: Former governors of Nepal Rastra Bank (NRB) have urged the central bank to enforce prudent measures through the monetary policy for the next fiscal year, to boost healthy operation of the country’s financial market along with addressing the ongoing recession.

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Govt makes yet another promise to use development expenditure allocated for next FY

Published On: June 13, 2023 09:30 AM NPT By: RAJESH KHANAL

KATHMANDU, June 13: Every year, the government makes a promise to effectively utilize the funds allocated for development projects, while the actual utilization of the capital expenditure stands at hardly 70 percent.

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Govt considering to take overdraft loans from NRB as it faces severe shortfall of financial resources

Published On: June 12, 2023 08:00 AM NPT By: RAJESH KHANAL

KATHMANDU, June 12: The federal government’s accumulated loss has reached Rs 88.35 billion as of mid-May this year, which has put the government under pressure to depend more on borrowing for its day-to-day operations.

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