KATHMANDU, Nov 17: Minister for Finance Yuba Raj Khatiwada has said that the government has been making every effort to bring impunity in the banking sector at zero level.

KATHMANDU, Oct 16: Minister for Finance Yuba Raj Khatiwada, calling investments from non-resident Nepalis (NRNs), said Nepal was a greenfield for investment.

FinMin defends removing loan from FDI

August 31, 2019 08:58 am

KATHMANDU, Aug 31: Minister for Finance Yuba Raj Khatiwada has defended the provision in the new Foreign Investment and Technology Transfer Act (FITTA) to remove loan from the components of Foreign Direct Investment (FDI).

Govt mulls introducing inheritance tax

August 31, 2019 06:44 am

KATHMANDU, Aug 31: Finance Minister Yuba Raj Khatiwada on Friday said that the government was considering introducing inheritance or estate tax in a bid to widen parameter of revenues on wealth.

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, Feb 4: Minister for Finance Yuba Raj Khatiwada has said that opening of new trade routes with China will help in Nepal’s infrastructure development.

KATHMANDU, Dec 20: A committee formed by the Ministry of Finance to look into the recent financial markets volatility has submitted its report to the Minister for Finance Yuba Raj Khatiwada.

KATHMANDU, Dec 1: Minister for Finance Yuba Raj Khatiwada has said that the World Bank needs to revise the basis and methodology of its Doing Business country rankings.

KATHMANDU, Nov 20: The World Bank has confirmed that it is sending a technical mission to Nepal next week to discuss its recent Doing Business report upon the request of the government.

KATHMANDU, Nov 19: Minister for Finance, Yuba Raj Khatiwada, has said that Nepal should not be skeptic of China's Belt and Road Initiative (BRI), claiming that it creates a win-win situation for all the nations involved.

RAMECHHAP, Nov 17: Finance Minister Yuba Raj Khatiwada and Chief Executive Officer of National Reconstruction Authority (NRA) Sushil Gyawali visited the Majhi settlement of Ramechhap along with external donors on Friday.

Online stock trading system goes live

November 7, 2018 02:30 am

KATHMANDU, Nov 7: The much-hyped online stock trading system has come into full-fledged operation. Minister for Finance, Yuba Raj Khatiwada, launched the Nepse Automated Online Trading System (NOTS) on Tuesday, allowing investors in the country's only secondary market to carry out securities trading online.

KATHMANDU, Oct 9: The government has given a five-day ultimatum to sugar producers to clear their outstanding dues to sugarcane farmers. A joint meeting of ministers of five different ministries has decided to take legal action against those sugar producers who fail to pay their dues to sugarcane farmers within five days.

KATHMANDU, Sept 12: Minister for Finance Yuba Raj Khatiwada has urged people to not buy cars from bank credit. Speaking at the inaugural ceremony of ‘NADA Auto Show-2018’ in Kathmandu on Tuesday, Khatiwada said that the car purchase should be from earnings rather than bank loans.

KATHMANDU, Aug 30: Minister for Finance Yuba Raj Khatiwada has urged one and all to show patience, saying that it would take some time for management of fiscal federalism. He also said it won’t be wise to expect results from budget for the Fiscal Year 2018/19 now, as the second month of the fiscal year has just begun.