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.
KATHMANDU, Jan 23: The Indian government has struck a positive note on allowing LPG container bullets with Nepali license plates to transport cooking gas from India, asking the Nepali authorities to coordinate with Indian officials concerned.
KATHMANDU, Jan 9: Consumers have started facing recurring problem of power-trips at a time the government itself has been pushing the people to increase the use of electricity for daily household needs. This has left many consumers opting to buy electrical appliances for household use highly disappointed.
KATHMANDU, Jan 5: As many as 15 bottlers of Liquefied Petroleum (LP) gas are yet to acquire the Nepal Standard (NS) certification, although the Nepal Bureau of Standards and Metrology (NBSM) directed these bottlers to comply with the safety norms some three years ago.
Climate change is one of the burning issues that countries around the world, including Nepal, are currently facing. It is the abnormal variations to the climate, which is largely attributed to the increased levels of atmospheric carbon dioxide and other harmful gases produced as a result of various types of human activities. Global warming, a rise in average global temperature, is said to have resulted from climate change. Here are some tips to address this pressing issue.
KATHMANDU, Dec 31: Sugarcane farmers, who have not been paid by the sugar mills for their crops, are staging a sit-in in the capital since the past four days. However, neither the government nor the sugar mills have done anything to address their grievance
KATHMANDU, Dec 12: Nepal received foreign loans worth Rs 24.95 billion in the first four months of the current fiscal year, more than double the amount that the country took from foreign donors during the same period last year.
KATHMANDU, Dec 4: A number of commercial banks have been issuing debentures to meet mandatory requirements forwarded by the regulator even though many of them are receiving poor response from investors.