KATHMANDU, Nov 13: Finance Minister Janardan Sharma has said that the manufacturing industry is a priority of the government. At an interaction organized by the Chamber of Commerce and Industry, Pokhara on Friday, he said that his goal is to build a productive economy in the country.
KATHMANDU, Oct 4: Finance Minister Janardan Sharma has urged the microfinance institutions (MFIs) to reduce the existing interest rates on loans. MFOIs across the country have been investing through loans at an interest rate of 10 to 15 percent.
KATHMANDU, Sept 20: The meeting of the House of Representatives (HoR) has passed the Appropriation Bill, 2021. The bill proposed by the Minister for Finance Janardan Sharma was endorsed by the HoR meeting held on Monday amid obstructions posed by the CPN-UML.
KATHMANDU, Sept 9: Finance Minister Janardan Sharma has announced that the Melamchi Drinking Water Project, which was damaged severely by the floods and landslides, will be repaired and water supply will be resumed by mid-April 2022.
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 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 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, 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, 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, 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, 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.