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.
KATHMANDU, June 29: Nepal on Monday is celebrating the ‘National Paddy Day,’ the main day to mark a nationwide paddy transplantation, celebrated with the vision of making the country self-reliant in rice against the fact that the import of the staple food is surging year on year.
KATHMANDU, June 22: The import of turmeric, a spice widely used also as a homeopathic medicine, escalated by almost four-fold during the one-month period from mid-April to mid-May amid widespread threat of the coronavirus in the country.
KATHMANDU, May 29: The budget for fiscal year 2020/21 unveiled by the government on Thursday was expected to restructure the tax system largely along with revising income tax slabs to invigorate the economic activities that have been largely hit by the over two months of the nationwide lockdown.
KATHMANDU, May 28: Prioritising the agriculture sector, the government has introduced a number of farmers-focused programs through the budget for the next fiscal year 2020/21, allocating Rs 41 billion for the promotion of agricultural produce and Rs 27 billion for irrigation alone.
KATHMANDU, May 26: The total investment from the government and the private sector has been projected to decline by 3.4 percent to Rs 1.88 trillion in the current fiscal year. The government has blamed the threat of COVID-19 and measures put in place to curb it for the decline.
KATHMANDU, April 11: The government's much-talked-about identity card distribution for the poor was stuck in limbo for over eight years and now they are without proper grass-roots data for distributing edibles as relief to the needy.
KATHMANDU, March 31: The government has barred import of luxury vehicles and a number of expensive edibles to avoid possible fall in foreign currency reserve of the country as economic activities come to a halt due to COVID-19 outbreak.
KATHMANDU, March 5: The availability of medicines in the domestic market will not be affected for at least the next five months as the country has adequate stocks, said government officials and private sector drugs manufacturers.
KATHMANDU, Feb 13: The government on Wednesday expressed its firm determination to achieve its target of economic growth after revising the earlier announced budget size and expected expenditures allocated for development works.