The contributor for Republica.

Revised budget allocates excess funds for distributive programs despite govt commitment to cut unproductive spending

Published On: September 12, 2021 07:00 AM NPT By: RAJESH KHANAL

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.

Monetary Policy 2021/22 announces additional packages and liquidity management programs for recovery of pandemic-affected economy

Published On: August 15, 2021 07:00 AM NPT By: RAJESH KHANAL

KATHMANDU, August 15: Nepal Rastra Bank (NRB) on Friday unveiled the monetary policy 2021/22 amid ongoing criticism for delaying to issue one of the country’s important macroeconomic policies.

Govt speeds up ‘Asare Bikas’ to book increased spending in development projects

Published On: June 29, 2021 09:07 AM NPT By: RAJESH KHANAL

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.

Ignoring cautions from various quarters, caretaker govt unveils full budget with populist programs

Published On: May 29, 2021 09:01 PM NPT By: RAJESH KHANAL

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.

Nepal’s export earnings cross Rs 100 billion mark, realizing govt target in over decades

Published On: May 25, 2021 12:30 PM NPT By: RAJESH KHANAL

KATHMANDU, May 25: Nepal’s earnings from merchandise exports crossed Rs 100 billion during the first ten months of the current fiscal year.

Political mess makes enactment of new national budget uncertain

Published On: May 22, 2021 09:15 PM NPT By: RAJESH KHANAL

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.

Finance ministry asks ministries not to seek budget for projects without proper preparations

Published On: March 17, 2021 07:15 AM NPT By: RAJESH KHANAL

KATHMANDU, March 17: The Ministry of Finance (MoF) on Monday asked the ministries concerned to take prudent measures while formulating the budget document to be forwarded to the MoF by March 28.

National Payment Gateway delayed by over a year; some see collusion

Published On: February 26, 2021 12:13 PM NPT By: RAJESH KHANAL

Stakeholders suspect of authority coming under influence of private digital payment companies

Govt reduces budget size by around 9 percent, blames to the impact of COVID-19

Published On: February 9, 2021 07:45 PM NPT By: RAJESH KHANAL

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.

The ongoing political chaos may leave serious negative impacts on the country’s economy

Published On: February 5, 2021 06:30 AM NPT By: RAJESH KHANAL

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.

Ordinary people are hit hard as food prices see a massive surge

Published On: January 26, 2021 07:30 AM NPT By: RAJESH KHANAL

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.

Entrepreneurs complain of undue pressure from banks to pay back loans earlier

Published On: January 4, 2021 09:55 AM NPT By: RAJESH KHANAL

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.

Nepal to claim geographical indication right on Basmati paddy

Published On: December 10, 2020 06:30 AM NPT By: RAJESH KHANAL

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.

Main accused ordered to deposit Rs 10 million, serve a jail term of one year

Published On: October 10, 2020 09:00 PM NPT By: RAJESH KHANAL

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.

Nepal’s trade deficit declines by one fourth in first two months of current fiscal year

Published On: September 28, 2020 07:30 AM NPT By: RAJESH KHANAL

KATHMANDU, Sept 28: Nepal’s trade deficit during the period of mid-July to mid-September declined by 24.93 percent, significantly lowering the import expenses.

Cooperatives help rural farmers sell their products during lockdown

Published On: September 24, 2020 12:15 PM NPT By: RAJESH KHANAL

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.

Substandard hand sanitizers in market pose risk to public health

Published On: September 17, 2020 10:50 AM NPT By: RAJESH KHANAL

KATHMANDU, Sept 17: Selling of substandard hand sanitizers is on rise in the Kathmandu Valley amid soaring demands and weak government monitoring, posing a serious threat to people’s health.

Cooperatives pressed under too many laws, but with little scope for effective implementation

Published On: August 11, 2020 08:55 AM NPT By: RAJESH KHANAL

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.

Monetary Policy 2020/21 focuses on providing relief to pandemic-hit businesses

Published On: July 18, 2020 08:02 AM NPT By: RAJESH KHANAL

Energy and agriculture promotion and mergers between banks to get priority

Capital expenditure shoots up as fiscal year nears end

Published On: July 9, 2020 10:11 AM NPT By: RAJESH KHANAL

Quality of development works under question as funds are being spent haphazardly