KATHMANDU, Sept 22: Even though the government has set up fair price shops to give some respite to the consumers from the rising prices during the festival, consumers have to buy sugar at a high price this year during Dashain. Although the government has been selling sugar at concessional rates every year during the festival, there are signs that sugar will become more expensive this year.

KATHMANDU, June 14: The main opposition CPN-UML has criticized Finance Minister Janardan Sharma for his alleged role in the manipulation of tax rates in the budget at the eleventh hour.

KATHMANDU, Feb 17: Nepal received foreign assistance commitment worth Rs 110.85 billion in the first six months of the current fiscal year. This is just about 32 percent of the annual budget.

KATHMANDU, Feb 9: The Ministry of Finance has stated that there will be no shortage of budget for the Kathmandu-Terai / Madhesh Fast Track project that is under construction at present. The Ministry of Finance has given such a reply while the Nepal Army, which is responsible for the construction of the project, is demanding to ensure the budget.

KATHMANDU, Jan 19: Over a hundred thousand people are deprived of payment for COVID-19 insurance claims in the country. The dispute between the insurance companies, the Insurance Board, and the Ministry of Finance is the reason behind the delay in settling the insurance claims.

KATHMANDU, Dec 10: The government has mobilized a special task force at the Tribhuvan International Airport targeting to check the unauthorized import of gold.

KATHMANDU, Nov 14: Finance Minister Janardan Sharma has urged banks to accept lands in rural areas as collateral for loans.

KATHMANDU, Sept 23: The Ministry of Finance has clarified that there has been no changes in the tax imposed on sanitary pads in the new budget.

KATHMANDU, July 14: Newly-appointed Finance Minister Janardan Sharma has decided to allocate Rs 5 billion for the Ministry of Health and Population to procure COVID-19 vaccines.

KATHMANDU, June 7: The Ministry of Finance (MoF) has formed a task force to make necessary homework on startup businesses and workplace-based training and employment programs for the implementation of the provisions related to the private sector included in the budget for the fiscal year 2021/22.

KATHMANDU, May 24: The Ministry of Finance has agreed to provide additional Rs 81 million for 12 hospitals to install oxygen plants, oxygen tanks, HDU connection and purchase of PCR machines.

KATHMANDU, May 15: The government has allocated Rs 58.30 million to install medical oxygen gas production plants at three hospitals — Patan Academy of Health Sciences in Lalitpur, Bheri Hospital in Nepalgunj and Dadeldhura Hospital in Dadeldhura district amid an acute shortage of the lifesaving gas leading to the deaths of a large number of COVID-19 patients on a daily basis.

KATHMANDU, March 12: The Ministry of Finance (MoF) has sent letters to industrialists seeking their suggestions to promote the production sector in the country.

KATHMANDU, Jan 5: Bank promoters have complained to the Ministry of Finance that the Nepal Rastra Bank (NRB), the country’s central bank, has adopted a policy of micromanaging the banks and financial institutions (BFIs).

KATHMANDU, Dec 24: The government has decided to deposit Rs 15.50 billion in the Business Continuity Loan Repayment Account.

KATHMANDU, Dec 24: The government of Nepal and Asian Development Bank (ADB) signed US dollar 150 million concessional loan agreement to finance South Asia Sub regional Cooperation (SASEC) Airport Capacity Enhancement Project and US$ 40 million concessional loan and US$10 million grant for the implementation of Priority River Basins Flood Risk Management Project.

I still stand by the positions I made in the White Paper. Others should acknowledge the progress that has been made while the things that have not improved will be our agenda now.

KATHMANDU, April 4: The Ministry of Finance has asked government agencies to halt expenses in a number of activities, targeting to manage the financial resources in the priority areas due to the impact of COVID-19.

KATHMANDU, Dec 6: The government is in the process of implementing a single-code system for the income tax, value added tax, and excise duty, as an effort to simplify the procedures for taxpayers, a finance ministry official said on Thursday.

KATHMANDU, Aug 6: The Finance Ministry now can pull back the budget allocated to projects if it not used within the second quarter of a fiscal year.

KATHMANDU, June 19: The Ministry of Finance (MoF) has transferred Rs 84.51 million from one budget heading to another to finance foreign junkets of top-ranking functionaries and officials in the past two months alone.

KATHMANDU, May 22: A session of the House of Representatives today endorsed a proposal tabled seeking the consideration over the 'Revenue Leakage (Investigation and Control- First Amendment) Bill-2075 BS'.

The 22 officials from the Ministry of Finance of Nepal attended a training course on ‘Global Perspectives on Public Financial Management’ at the Institute of Government Accounts and Finance (INGAF) in New Delhi on Monday.

KATHMANDU, Nov 27: Turning down parliament's request for funds to buy 23 new vehicles for the National Assembly chairperson and other office bearers, the Ministry of Finance has given its nod to release budget for only five new vehicles.

KATHMANDU, Nov 22: The parliament’s Finance Committee has instructed the government to tighten off-budget spending.