KATHMANDU, Aug 5: The Securities Board of Nepal (Sebon) approved primary shares worth Rs 20.78 billion, of 21 companies, in the last Fiscal Year 2017/18. The capital market regulator allowed the companies to issue a total 192.88 million units of share.
KATHMANDU, July 28: The Ministry of Finance (MoF) has transferred Rs 3.66 billion from the government coffers so far in the final month of the Fiscal Year 2017/18. A total of Rs 1.66 billion, the highest amount in single transfer, has been allotted for paying to conflict victims and their families. According to the information of budget transfer made public in the MoF website, the Ministry of Home Affairs is to distribute the amount, ensuring no duplication on such distribution.
KATHMANDU, July 27: The Indian government has released Rs 2.1 billion of the Rs 25 billion grant pledged to the government of Nepal for the reimbursement of the first tranche of the housing grant distributed to the earthquake victims in Nuwakot and Gorkha districts.
KATHMANDU, July 17: Despite lofty promises of reining in financial indiscipline and announcement of reforms in project execution, the government made biggest ever single-day payment on Sunday. This indicates the project execution has been done in the eleventh hour with the sole intention to use up the budget before the end of the fiscal year.
KATHMANDU, July 9: The white paper which Finance Minister Yuba Raj Khatiwada unveiled on March 30 painted a grim picture of the country’s economy showing various instances of gross violations of financial discipline and fiscal rules and regulations by the previous government.
BARA, June 25: Kalaiya Sub-metropolitan City of Bara district has unveiled a budget of Rs 1.2 billion for the upcoming fiscal year 2018/019. The office of the sub-metropolis presented the budget during the second municipal meeting that started on Sunday.
JANAKPUR, May 11: Indian Prime Minister Narendra Modi began his two-day official visit to Nepal from holy city of Janakpur on Friday morning stating that the visit is aimed at mending ties with Nepal through the revival of a strong cultural and religious ties that subsists between the two countries.
KATHMANDU, April 15: It has been learnt that the Ministry of Finance had doled out projects with resources assurances, worth Rs 32.55 billion, mostly in the eleventh hours in the Fiscal Year 2016/17 in piecemeal basis.
KATHMANDU, April 13: Private schools all over the country have collected an estimated Rs 15 billion from guardians under the head of annual fees for the academic session that begins from April 14. An estimated Rs 5 billion is collected under this head in Kathmandu Valley alone.
KATHMANDU, Feb 21: Direct contribution of travel and tourism sector to the country's Gross Domestic Product (GDP) is estimated to have increased by 6.8 percent to Rs 91 billion in 2017, a study conducted by World Travel & Tourism Council (WTTC) shows.
KATHMANDU, Feb 15: The United Arab Emirates (UAE) has defeated Nepal with seven runs at the final match of the ICC World Cricket League Division 2 held at Windhoek in Namibia on Thursday, becoming the champion of the tournament.
KATHMANDU, Jan 1: In a eight year long dispute between five-star hotels and Nepal Recreation Centre (NRC) regarding paying the royalties and income tax for the operation of casinos, the Supreme Court on Sunday directed the NRC to pay over Rs 1 billion in taxes to the government.
KATHMANDU, Dec 26: Around a dozen international airlines operating flights to Nepal owe the Civil Aviation Authority of Nepal (CAAN) around Rs 1.35 billion in various services including passengers service charge, air development fee, landing, parking and the fees involving the use of navigational equipment.
KATHMANDU, Dec 23: Even before the government has cleared the legal decks for non-resident Nepalis to make investment in stock market, Non-Resident Nepal Association (NRNA) officials have announced plans to pour an initial investment of nearly Rs 10 billion into Nepal’s capital market.
KATHMANDU, Dec 18: A committee formed by Prime Minister Sher Bahadur Deuba to produce estimated cost to construct Budhi Gandaki Hydro Power submitted its draft report to the government. The team, led by Swarnim Wagle submitted the report to Deputy Prime Minister and Minister of Energy, Kamal Thapa today.
KATHMANDU, Nov 28: The board of directors of Civil Aviation Authority of Nepal (CAAN) has approved annual budget of Rs 43.66 billion for the aviation sector regulator, four years after the new fiscal year kicked off.
KATHMANDU, Nov 15: Among thousands of candidates vying for public offices in the upcoming elections are dozens of contractors who have won bids to build roads, bridges and other infrastructure projects. Major political parties have fielded them as both first-past-the-post (FPTP) and proportional representation (PR) candidates.
KATHMANDU, Oct 8: Transportation cost on Nepal's third country imports and exports via India has come down by at least Rs 15,000 per container after India waive Goods and Services Tax (GST) on all transit services provided to Nepal.
BUTWAL, September 3: Butwal Sub-Metropolitan City has published a budget of Rs 1.633 billion for the Fiscal Year 2017/18. The municipal council held from August 16-27 passed the budget for FY 2017/18. Mayor Shivaraj Subedi published the budget.
KATMANDU, SEPT 1: The Election Commission (EC) is to seek Rs 10.50 billion from the government to conduct the parliamentary and provincial elections scheduled in two phases for November 26 and December 7.
MUMBAI, August 28: At a time when the debate around nepotism is a hot topic in Bollywood, megastar Amitabh Bachchan welcomed Aadar Jain, the grandson of legendary actor-filmamker Raj Kapoor, to Bollywood, saying 'we are family'.
KATHMANDU, August 28: The government has announced a relief package for the flood-affected farmers. Organizing a press meet in Kathmandu on Sunday, the Ministry of Agriculture Development (MoAD) has declared a relief package of Rs 1.25 billion for the flood-affected farmers of 30 districts.
MUMBAI, August 24: Bollywood megastar Amitabh Bachchan has praised actor Jackky Bhagnani’s short film ‘Carbon’ on the need for saving the environment, and another movie ‘Karta Tu Dharta Tu’ which pays tribute to Mumbai Police.