KATHMANDU, July 27: Finance Minister Janardan Sharma has said that the existing provisions of the Public Procurement Act are obstacles to expedite the pace of development works.

KATHMANDU, June 23: Minister for Finance Bishnu Prasad Poudel has urged the hoteliers and tourism entrepreneurs to take benefit from the facilities provided by the government in the hotel and tourism sector.

KATHMANDU, June 10: Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel has clarified that the government will not take any decision that will hamper the conservation of Chure region.

KATHMANDU, June 9: Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel has reiterated that all the programs mentioned in the budget will be implemented effectively. He requested all not to be confused or have any doubts about the implementation of the budget.

KATHMANDU, May 16: Reappointed Minister for Finance, Bishnu Prasad Poudel has said that he will bring next year's budget with programs to face COVID-19.

KATHMANDU, May 5: The second wave of COVID-19 has fuelled the worsening conditions mainly of the people in low income and vulnerable groups, which will aggravate the widening of the gap between the rich and the poor, said Finance Minister Bishnu Prasad Poudel.

KATHMANDU, April 2: Finance Minister Bishnu Prasad Poudel has urged all government ministries to propose programs that can be implemented through the next fiscal year’s budget.

KATHMANDU, March 15: Chemical fertilizer factory based on natural gas technology can be established and operated in Nepal, a preliminary study committee for the establishment of a chemical fertilizer factory formed under the coordination of Finance Minister Bishnu Prasad Poudel said in its report.

KATHMANDU, Feb 5: Finance Minister Bishnu Prasad Poudel has instructed the newly-appointed officials at Beema Samiti to step up their efforts to resolve the problems in the insurance sector and prove their tenure to be a milestone for the insurance sector.

KATHMANDU, Feb 2: Finance Minister Bishnu Prasad Poudel has directed the Land Squatters’ Problem Resolution Commission to expedite the distribution of land ownership certificates to landless dalits and squatters.

KATHMANDU, Jan 10: Finance Minister Bishnu Prasad Poudel has urged the National Association of Rural Municipalities in Nepal and Municipal Association of Nepal to create an environment to increase capital expenditure at the local level.

KATHMANDU, Dec 12: Finance Minister Bishnu Poudel has said the government's efforts were underway to bring the vaccine against COVID-19 as soon as possible.

KATHMANDU, Nov 30: Minister for Finance Bishnu Prasad Poudel has allocated the entire budget under the Local Infrastructure Development Partnership Program for the development of health infrastructures this year.

KATHMANDU, Nov 30: Finance Minister Bishnu Prasad Poudel has said that the government will move forward hand in hand with the private sector.

KATHMANDU, Sept 6: Who will be the new finance minister is a question everyone has started asking after Yubaraj Khatiwada stepped down on Friday.

Finance Minister Khatiwada resigns

September 4, 2020 19:02 pm

KATHMANDU, Sept 4: Finance Minister Yubaraj Khatiwada has tendered resignation from his ministerial position.

KATHMANDU, June 18: Today's meeting of the National Assembly has endorsed the 'Appropriation Bill, 2077 BS' by majority votes. Minister for Finance Dr Yuba Raj Khatiwada had presented the bill along with a message from the House of Representatives at the meeting.

KATHMANDU, June 15: The government is having a cash crunch to manage its immediate liabilities due to a heavy fall in revenue collection during the nationwide lockdown that has almost stagnated businesses activities in the country.

KATHMANDU, June 9: Finance Minister Dr Yuba Raj Khatiwada has said that the budget for the upcoming fiscal year 2020/21 has not changed the customs duty and any other tax rates for the import of electric vehicles (EVs) to be used for public transport.

KATHMANDU, March 5: A day after he tendered his resignation as minister of finance as well as communications and information technology, Yuba Raj Khatiwada again took the oath of office and secrecy as finance minister amidst a special function held at Shital Niwas, Wednesday.

KATHMANDU, March 4: Dr Yubaraj Khatiwada who was re-appointed as the Minister for Finance earlier today took oath of office and secrecy in the afternoon.

KATHMANDU, March 4: Yubaraj Khatiwada was re-appointed Minister for Finance today, the Office of President stated in a press release.

KATHMANDU, Feb 20: President Bidya Devi Bhandari has designated Finance Minister Dr Yubaraj Khatiwada to also look after the Ministry of Communications and Information Technology.

KATHMANDU, Feb 11: The Inland Revenue Department on Tuesday introduced a new system, according to which, the consumers who make purchases through electronic means would be able to get a 10 percent rebate on the 13 percent VAT they have paid to the government.

BIRGUNJ, Jan 12: Finance Minister Yuba Raj Khatiwada has claimed an improvement in the economic sector of the country. Speaking at the 44th Annual General Meeting (AGM) of Birgunj Chamber of Commerce and Industries, Finance Minister Khatiwada said the country's economic growth country in the current fiscal year 2019/2020 will maintain 5% to 8%. According to Khatiwada, complains from local areas are decreasing which is the sign of improvement. Khatiwada said that the media reports about the government increasing the target of collecting revenue rather than making development in economic area is not true and the government focuses on creating investment friendly revenue collection.

KATHMANDU, Oct 16: Minister for Finance Yuba Raj Khatiwada, calling investments from non-resident Nepalis (NRNs), said Nepal was a greenfield for investment.

KATHMANDU, Oct 15: Finance Minister Dr Yubaraj Khatiwada left here for the USA on Tuesday in order to take part in the joint meeting of the World Bank Group and International Monetary Fund.

KATHMANDU, Aug 30: Finance Minister Dr Yubraj Khatiwada said that all should acquire a PAN card as it is as important as citizenship certificate.

KATHMANDU, Aug 21: Minister for Finance Dr Yubraj Khatiwada, and Chinese Ambassador to Nepal, Hou Yanqi, held a meeting on Wednesday.

KATHMANDU, Aug 14: Finance Minister Dr Yubraj Khatiwada told the United Arab Emirates (UAE) that Nepal holds a suitable atmosphere for investment.

KATHMANDU, August 4: Finance Minister Dr Yuba Raj Khatiwada on Sunday said the Ministry of Finance has prioritised the implementation of the fiscal federalism.

KATHMANDU, August 1: Finance Minister Dr Yuba Raj Khatiwada today said the government was committed to strengthening and making custom and border administrations effective.

KATHMANDU, July 17: Finance Minister Yuba Raj Khatiwada has inaugurated Vehicle and Consignment Tracking System(VCTS) today in the capital.

Open letter to Finance Minister

July 16, 2019 01:30 am

Dear Finance Minister, you may choose not to believe in the future as you did by rejecting digital financial technologies, but in the process please don’t block our future

KATHMANDU, July 10: Finance Minister Yuba Raj Khatiwada has said that the domestic debt that the government has proposed for Fiscal Year 2019/20 was within 'accepted norms' of the country.

KATHMANDU, July 5:  Finance Minister Dr Yubaraj Khatiwada on Friday clarified that the recently unveiled budget for the fiscal year 2019/20 has not discriminated against anyone.

KATHMANDU, July 3: Minister for Finance Yuba Raj Khatiwada has warned about the growing risks posed by the new and disruptive technologies in financial sector like fintech, artificial intelligence and technology-driven financial services.

Kathmandu, June 23: Finance Minister Dr. Yubaraj Khatiwada has said it was possible for the country to achieve 8 percent economic growth rate in the coming fiscal year.

KATHMANDU, June 15: Minister for Finance Dr Yuba Raj Khatiwada has said there was adequate budget allocated for upgrading Ramche-Mulkharka road section.

KATHMANDU, June 10: Finance Minister Dr Yubaraj Khatiwada has said that the inflation would be below five percent in the coming fiscal year.

KATHMANDU, June 6: The second meeting of the House of Representatives (HoR) on Thursday has approved the proposal seeking consideration on the Appropriation Bill 2076 by a majority.

KATHMANDU, June 6: The government has clarified that budget for the coming fiscal year 2019/20 has been allocated in order to fulfill the goal of socialism enshrined in the constitution.

KATHMANDU, May 31: Amid widespread criticism of the government decision to hike the development fund for lawmakers, Finance Minister Yuba Raj Khatiwada on Thursday defended the 'distributive' budget saying that the government cannot ignore voices of elected representatives in a democratic system.

KATHMANDU, May 29: Finance Minister Yubaraj Khatiwada is presenting the fiscal year 2019/20 budget in the Federal Parliament Building in New Baneswor.

KATHMANDU, May 29: Minister for Finance, Yuba Raj Khatiwada, is presenting the budget of over Rs 1.58 trillion for the upcoming fiscal year 2019/20 on Wednesday.

KATHMANDU, May 27: In May last year, Minister for Finance Yuba Raj Khatiwada announced a flagship program named Prime Minister Employment Program (PMEP), promising a minimum of 100 days of employment to jobless people.

KATHMANDU, May 16: Finance Minister Dr Yuba Raj Khatiwada has urged the Indian industrialists and businesspersons to invest in Nepal without any hesitation.

KATHMANDU, May 15: Minister for Finance Yuba Raj Khatiwada has said that the current government will not have any excuse to justify its failure to meet capital expenditure target set in the budget for the upcoming fiscal year.

KATHMANDU, May 14: Finance Minister Dr Yuba Raj Khatiwada has said the budget has been made on the basis of the political and economic system that the country has adopted and the international relations.

KATHMANDU, May 11: Commercial banks have posted an impressive profit growth in the third quarter of the current fiscal year – FY2018/19 even when they have been grappling with shortage of lendable funds.