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.
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, 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 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 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.
KATHMANDU, May 10: In today’s meeting of the National Assembly (NA) , Finance Minister Dr Yuba Raj Khatiwada presented a proposal, seeking the discussions on the principles and priorities of the Appropriation Bill for the fiscal year 2076-77 BS (except the tax proposal).
KATHMANDU, March 6: If the proverb ‘morning shows the day’ is anything to go by, Nepal’s economic performance will remain average over next four years as there was no sign of improvement in key economic indicators over the first year of the incumbent government.