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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
KATHMANDU, June 9: The government has enforced ‘Nepal Trade Integration Strategy 2022’ allocating a hefty amount to be invested in selected exportable goods although previous two similar programs had failed to yield positive outcomes in a notable value.