KATHMANDU, Dec 7: Home Minister Bal Krishna Khand, Finance Minister Janardan Sharma and Minister for Industry, Commerce and Supplies, Dilendra Prasad Badu have called for the government's intervention saying that the current monetary policy and the interest rates set by banks are going to invite serious problems to the country's economy.
WASHINGTON DC, Oct 13: Finance Minister Janardan Sharma presided over the 53rd Governors' Session of the World Bank Group and the South East Asian Group of the International Monetary Fund on Wednesday.
KATHMANDU, Sept 23: Minister for Finance Janardan Sharma has said there are bottlenecks to establish manufacturing industries in the country due to the culture of depositing money in the bank and financial institutions (BFIs) for the sake of high interest.
KATHMANDU, July 29: The parliamentary special investigation committee has concluded that there was no entry of unauthorized people in the Ministry of Finance on the night before the new budget was unveiled in parliament.
KATHMANDU, July 29: The parliamentary special investigation committee formed to investigate the then Finance Minister Sharma, who was accused of manipulating tax rates by calling unauthorized persons at the finance ministry in the middle of the night while preparing the 2022/23 budget, has submitted its report to the Speaker Agni Prasad Sapkota today.
KATHMANDU, July 28: The Parliamentary Special Committee has come under pressure from the ruling alliance to give a 'clean chit' to former Finance Minister Janardan Sharma after there was no CCTV footage of him allowing unauthorized people into the finance ministry in the middle of the night while preparing the budget for the fiscal year 2022/23.
KATHMANDU, July 6: Finance Minister Janardhan Sharma has resigned from his post on Wednesday. His resignation comes amid allegation that he had employed 'unauthorized' persons to tweak tax rates in the annual budget presented in parliament.
KATHMANDU, July 6: The main opposition and the ruling parties have agreed to form an 11-member parliamentary probe committee to investigate the role of Finance Minister Janardan Sharma in involving ‘outsiders’ to revise tax rates in the course of the preparation of the annual budget for the fiscal year 2022/23.
KATHMANDU, July 5: Youth Association Nepal staged a protest demonstration in front of Singha Durbar on Tuesday, demanding the resignation of Finance Minister Janardan Sharma over the finance ministry CCTV footage delete issue.
KATHMANDU, July 1: Lawmakers of the main opposition party CPN-UML have boycotted today's meeting of the National Assembly. The agenda of today’s meeting was to hold a section-wise discussion on the Finance Bill, 2079 BS’ that was presented by Finance Minister Janardan Sharma in the House of Representatives.
KATHMANDU, Sept 19: The government, which is being criticized for its controversial decision to provide tax waivers to certain businesses, has made another controversial decision to amend the Income Tax Act so as not to seek the income source for investment. With the aim of legalizing the money earned illegally by high political leaders, businessmen and corrupt employees, the Income Tax Act is being amended by inserting the provision that 'the source of income will not be sought for investment'.
KATHMANDU, Sept 10: The government has introduced substitution budget for the ongoing fiscal year 2021/22. Finance Minister unveiled the new budget of Rs 1.63 trillion in parliament amid protests of the lawmakers belonging to the main opposition party, CPN-UML, on Friday. Here are the major highlights of the substitution budget.
KATHMANDU, July 29: Finance Minister Janardan Sharma has requested to amend the COVID-19 vaccination schedule and move ahead with the process so that the vaccine against COVID-19 can be administered to people by mid-October.