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Govt estimates to spend Rs 1.530 trillion in current FY, less by Rs 221 billion than announced budget

Govt estimates to spend Rs 1.530 trillion in current FY, less by Rs 221 billion than announced budget

- by Republica

KATHMANDU, May 29: The government has estimated to utilize only Rs 1.530 trillion of the budget compared to the announced expenditure for the current fiscal year. Finance Minister Barsha Man Pun said the revised estimation of recurrent expenditure stands at Rs 1.067 trillion, while those on capital expenditure and financial provision will be Rs 215.30 billion and Rs 247.55 billion, respectively.

Republicans must mend their ways to save republican system

Republicans must mend their ways to save republican system

- by Republica

A republic is a political system in which governance is conducted by elected representatives from the local to the central level. Nepal adopted this system on May 28, 2008, replacing the monarchy. The republic was born out of a combination of the Maoist armed rebellion, the aspirations of major political parties, and the will of the people.

Seiko opens first flagship store in Nepal

Seiko opens first flagship store in Nepal

- by Republica

KATHMANDU, May 28: The renowned Japanese watch brand Seiko has opened its first flagship store in Nepal, located in the upscale market of Durbarmarg, Kathmandu. The country's first Seiko boutique has been launched at the Wan Darbar Mall, aligning with Seiko's strategy to establish a strong presence in rapidly developing markets.