Despite having the grand portfolios, the state-owned corporations assume almost no responsibility toward the general public. They should internalize in practice the principle of accountability, independence, integrity, transparency and professionalism by conducting their financial audits on time, if good governance is to be instilled in these public institutions.

KATHMANDU, June 1: The Government of Nepal has announced plans to reoperate the public enterprises (PEs) which remain shut for an extended period of time without doing any homework. While most of the government-owned industries are at a loss, Finance Minister Janardan Sharma announced plans to resume the operation of nine closed industries while presenting the budget for the Fiscal Year 2022/23.

KATHMANDU, May 27: The government’s revenue from the dividend of public enterprises in the fiscal year 2018/19 declined by 4.28% to Rs 9.47 billion, compared to the amount in 2017/18.