KATHMANDU, Oct 5: The chief of the Truth and Reconciliation Commission, Surya Kiran Gurung, has complained that the government's delay in providing necessary funds and staffers for the transitional justice mechanism has hindered investigation into war-era cases.
RUPANDEHI, Aug 4: One year after the election of local representatives, most of the local units in rural areas are still operating without full manpower. Though political parties and candidates during the election campaigns pledged to bring the facilities of 'Singha Durbar' to the villages, that has been nothing more than a myth so far.
ILAM, July 18: Locals living in remote areas of Ilam district were delighted to know that they would no longer have to walk to the district headquarters seeking any kind of government service since most government authorities were to be merged with the local units.
KATHMANDU, June 19: Bankers have demanded the removal of credit to core capital and deposit (CCD) ratio, stating that the prudential lending limit set by the Nepal Rastra Bank (NRB) is the main culprit behind the ‘credit crunch’.
RUKUM, April 8: Locals in Rukum have been reeling under an acute shortage of medicines due to the lack of supply from the Regional Health Office. Even the local units have not paid much heed to this problem, leaving patients ailing in lack of treatment.
ILAM, April 6: Even nine months after the formation of the local governments, lack of manpower has still been an unsolved problem. This has not only delayed the development projects at the local level but also deprived the people of government services. It has been a real challenge for the available staffers to do multi-tasking to manage everything.
KATHMANDU, Feb 13: About a dozen under-construction hydropower projects, which were expected to complete within next 12 months, have started suffering fund crunch as bank and financial institutions (BFIs) have stopped releasing committed loans to these projects.
KATHMANDU, Feb 7: Nine commercial banks have earned net profits of over Rs 1 billion in the first half of the current Fiscal Year 2017/18. Not only half-dozen new commercial banks have joined the one-billion profit earners' league, the net profits of most of the commercial banks have also gone up in the review period.
Yubaraj Khatiwada, former governor of Nepal Rastra Bank and former vice-chairman of National Planning Commission, was involved in drafting election manifesto of the Left Alliance. He is also thought of as a key architect of economic policies to be adopted by the upcoming government. What does the left governance have in store vis-à-vis Nepal’s economy and its economic relation with foreign donors? Mahabir Paudyal and Sagar Ghimire met the veteran economist to discuss a range of economic issues.
ROLPA, Jan 7: Access to medical services has always been a matter of struggle for the locals of Rolpa. Lack of adequate number health centers force people from several remote areas of the district to visit the district hospital. However, the District Hospital is also in equally sorry state. Neither is it equipped with necessary tools and machines nor is it able to provide free medicines to the people.
NUWAKOT, Jan 5: Upendra Adhikari of Chogade village in Nuwakot had started constructing his house right after the Dashain festival. The earthquake victim had gathered materials for the building well in advance. He had planned to get it built within six months. However, so far, not even twenty percent of the work has been over, he laments.
BUENOS AIRES, Oct 5: Argentina will start Thursday’s crunch World Cup qualifier against Peru with a mind on all-out attack in the hope of gaining the three points that would ease the pressure on them for a place in Russia next year, coach Jorge Sampaoli has said.
ILAM, May 30: Uday Chapagain, owner of the Gorkha Tea Estate is quite worried these days. Tea leaves in his estate are waiting to be harvested. If delayed, the quality of the tea produced from them would be affected. However, as he is not getting labors to pick those leaves he is feeling helpless.
BIRGUNJ, April 30: An ambitious town development project of Birgunj has been severely hit due to lack of budget. With the development works of the ‘Secondary Town Integrated Urban Environmental Improvement Project (STIUEIP) left midway citing budget crunch, the city is disarray and dust has blanketed roadside settlements. Locals are worried of the fast approaching monsoon.
KATHMANDU, April 25: Chief Executive Officer (CEO) of National Reconstruction Authority (NRA) Govindra Raj Pokharel has said that the reconstruction works have been delayed due to the lack of human resources in various parts of the earthquake-affected districts.
KATHMANDU, Feb 5: The Ministry of Drinking Water and Sanitation has warned that the Kathmandu Valley residents will be facing a severe drinking water shortage if an amount of Rs 310 million is not handed to the Kathmandu Upatyaka Khanepani Limited (KUKL) immediately.
KATHMANDU, Jan 31: While bank and financial institutions (BFIs) are raising their fixed deposit rates rapidly to lure deposits to overcome the shortage of loan-able funds, many bankers say such move is less likely to pump money into the banking system.
KATHMANDU, Jan 23: As civil servants continued to show reluctance to work for the National Reconstruction Authority (NRA), the authority has initiated preparations to hire necessary staffers on a contract basis to resolve the problem.
KATHMANDU, Jan 10: As banks and financial institutions (BFIs) up their 'aggressive' lending, Nepal Rastra Bank (NRB) has taken a cautious strategy of tightening liquidity (loan-able funds) to curb any lending binge, particularly in unproductive sectors.
KATHMANDU, Jan 7: Bank and financial institutions (BFIs), which have been seeking financing facility from the Nepal Rastra Bank (NRB) to ease 'liquidity crunch' problem, have showed reluctance to receive funds from the central bank under repo having two-week maturity.
KATHMANDU, Oct 24: Microfinance institutions (MFIs) have sought permission to mobilize deposit from public after their traditional source of fund is likely to dry up following the new requirement for commercial banks to extend 2 percent of their total loans to deprived sector.
KATHMANDU, Oct 20: Thanks to budget constraints, the government is likely to miss its own deadline for completing the reconstruction and renovation of historical monuments that were ravaged by earthquake last year.
SINDHUPALCHOWK, Sept 2: Damp Proof Course (DPC) has been completed. A total of 12 pillars have already been put up. The sings of happiness which once could be visible across his face are gradually dying out.
KATHMANDU, Aug 25: With the shortage of US dollars becoming acute, commercial banks are preparing to bring the greenback from their accounts in foreign banks. The banks are still undecided about the volume of dollar bills they wish to bring in to ease the shotage of the U.S. currency in Nepal.