KATHMANDU, June 5: Although the government almost every year revises the customs duty and excise duty on alcohol to collect more revenue, the budget for 2020/21 has surprisingly kept the tax rates on the conspicuous goods unchanged despite the government falling in pressure to manage the financial resources to manage the expenditures.
KATHMANDU, April 8: The World Bank has approved a fast-track US$ 29 million COVID-19 Emergency Response and Health Systems Preparedness Project to help Nepal prevent, detect, and respond to the COVID-19 pandemic and strengthen its public health preparedness. According to World Bank officials, the agreement was signed today by the Ministry of Finance and the World Bank.
KATHMANDU, March 30: The government's aim to switch to domestic sources from taxes on imported goods for major tax revenue collection seems to have yielded success to some extent with the significant rise in value-added tax (VAT) from internal economic activities.
KATHMANDU, Dec 12: Nepal received foreign loans worth Rs 24.95 billion in the first four months of the current fiscal year, more than double the amount that the country took from foreign donors during the same period last year.
KATHMANDU, Nov 2: A delegation of nine executive directors out of a total of 25 along with two alternative executive directors of the World Bank Group Executive Directors (EDs) visited Nepal from October 29 to November 1.
KATHMANDU, April 16: The Ministry of Finance (MoF) has intensified work for formulation of federal budget for the upcoming Fiscal Year 2019/20, with less than one and a half months at hand to table the budget in the parliament.
KATHMANDU, Dec 4: The Ministry of Finance (MoF) is reportedly preparing to dole out Rs 85 million to Sajha Prakashan, the government-owned publishing house which has been reeling under a series of controversies of massive irregularities for the past one decade.