FUKUOKA, June 9: Group of 20 finance leaders agreed to describe trade and geopolitical tensions as “intensified” and pledged to take further action to address these economic risks, three G20 sources said as a second day of meetings got underway on Sunday.

KATHMANDU, May 31: Access to finance has emerged as the biggest obstacle to Nepali firms after the country headed toward political stability and stable supply of electricity, a recent survey carried out jointly by Nepal Stock Exchange (Nepse) and The Milken Institute (MI) shows.

CHITWAN, April 21: Former Prime Minister and Nepal Communist Party Chairman Pushpa Kamal Dahal has said cooperatives' role should be augmented to ensure economic prosperity and socialism-oriented State with social justice.

KATHMANDU, April 18: Though it has been nearly six months that the government introduced concessional loan scheme for various groups, including workers returning from foreign employment, women entrepreneurs and people from the ‘Dalit’ community, the total amount of loans floated by bank and financial institutions (BFIs) except certain agro and livestock business is paltry.

WASHINGTON, April 16: The U.S. Department of the Treasury said on Monday that it has slapped sanctions on seven individuals and one entity for their financial support for the Islamic State (IS).

KATHMANDU, April 9: Amid growing concern over lack of effectiveness of federal government’s budget and programs, parliament’s Finance Committee has formed two separate panels to reach to all provinces to study their respective fiscal policies and programs.

KATHMANDU, March 23: Stakeholders have underlined the need for effective public finance management (PFM) by ensuring transparency, putting in place better reporting standards, and strengthening institutions involved in public spending.

BANEPA, Dec 14: Finance Minister Dr. Yuba Raj Khatiwada has said that the financial system has been stable through a small effort.

TOKYO, Nov 6: Japan is ready to extend Malaysia support to help overcome its financial problems if the need arises, Malaysian Prime Minister Mahathir Mohamad said on Tuesday.

SAPTARI, Sept 3: Minister for Finance Dr Yubaraj Khatiwada has reaffirmed that the taxation in multi points would be ended very soon.

KATHMANDU, Aug 1: Rastriya Prajatantra Party Chairman Kamal Thapa on Tuesday nominated members of the party's publicity and finance departments.

KATHMANDU, July 24:Finance Minister Dr Yuba Raj Khatiwada has spoken of the need of paying attention to the implementation of standards against money laundering.

BRITISH COLUMBIA, June 3: Finance leaders of the closest U.S. allies vented anger over the Trump administration’s metal import tariffs on Saturday, ending a three-day meeting with a stern rebuke of Washington and setting up a heated fight at a G7 summit next week in Quebec.

KATHMANDU, May 29: Finance Minister Yubaraj Khatiwada tabling the first full-fledged national budget at the joint session of Federal Parliament and National Assembly. The budget is expected to be around Rs 1.5 trillion, up from Rs 1.28 trillion in the curre

KATHMANDU, May 29: Finance Minister Yubaraj Khatiwada is expected to try breathing new life into the economy, with his budget for fiscal year 2018/19 later Tuesday afternoon at the joint session of Federal Parliament.

243 local units yet to see presence of commercial banks

Lawmakers lobbying hard for Constituency Development Fund

KATHMANDU, May 14: Finance Minister Dr Yubaraj Khatiwada has said that preparations are underway to bring the socialism-oriented budget as per the spirit of the constitution.

KATHMANDU, May 13: Minister for Finance Yubaraj Khatiwada has urged chartered accountants to become accountable and responsible toward their profession.

KATHMANDU, May 5: The 12th Informal Meeting of SAARC Finance Ministers has been held in Manila, Philippines, on May 4. The meeting was attended by the finance ministers and the heads of delegations of the eight SAARC member states. Finance Minister of Nepal, Yuba Raj Khatiwada, chaired the meeting. The leaders met in Philippines while they were representing their respective nations at the 51st Annual Meeting of the Asian Development Bank (ADB).

KATHMANDU, April 5: The government has stripped off the Department of Revenue Investigation (DRI) of additional authorities delegated by ministerial-level decisions of the Ministry of Finance.

Slams privatization of public enterprises

KATHMANDU, March 24: The World Bank’s credit of US$ 200 million (Rs 20.6 billion) to Nepal for financing federalism in the country has landed into controversy.

KATHMANDU (REPU-BLICA): A team of board of directors and representatives from the Management Association of Nepal (MAN) has met finance minister Yuba Raj Khatiwada on Friday. The meeting was organized to congratulate Khatiwada on his appointment as the finance minister.

KATHMANDU, March 10:  Banking experts and stakeholders have said that promoting digital finance system will help bring a large number of the country's population into the formal financial system.

KATHMANDU, Mar 7: Minister for Finance, Yubaraj Khatiwada, is planning to issue white paper to make public the current economic position of the country and the measures that the government plan to take to deal with the ongoing economic and financial challenges.

KATHMANDU, March 3: Finance Minister Dr Yubraj Khatiwada has directed the chiefs of the customs office to resolve the loopholes witnessed in revenue collection.

KATHMANDU, Feb 27: Prime Minister KP Oli has chosen Yuba Raj Khatiwada, a monetary economist, as the Minister for Finance and Policy, overlooking other senior leaders of his own party to lead a crucial ministry that is responsible for maintaining both micro and macroeconomic stability in the country.

KATHMANDU, Feb 10: A meeting of the National Reconstruction Authority's (NRA) steering committee chaired by the prime minister turned tense on Friday after CPN-UML Vice Chairman Bhim Rawal and Finance Minister Gyanendra Bahadur Karki engaged in a heated exchange over the government's recent decision to increase the housing grant.

KATHMANDU, Jan 12: Minister of State for Finance, Udaya Shamsher Rana has said the government banks should be able to give the message to the people that they are capable of giving outstanding services and facilities.

KATHMANDU, Dec26: Goodwill Finance Company Ltd (GFCL) has launched 'IamMba' campaign, or I am Master of Bachat and Arjan (I am master of saving and income), amid a ceremony held in the capital on Monday.

KATHMANDU, Dec 14: Nepal Rastra Bank (NRB) has removed Kuber Merchant Finance Ltd (KMFL) and Lalitpur Finance Ltd (LFL) from its list of 'problematic' financial institutions.

Finance Minister Karki wins in Sunsari-4

December 11, 2017 02:45 am

KATHMANDU, Dec 11: Nepali Congress candidate and Finance Minister Gyanendra Bahadur Karki has won to the member of House of Representatives from Sunsari-4.

KATHMANDU, Oct 15: The fate of over 2300 small projects including drinking water and roads, prioritized by politicians and top bureaucrats in the past out of their personal clout and interest, now hangs in balance.

KATHMANDU, Oct 10: Finance Secretary Shanta Raj Sebedi has said that the growth target of 7.2 percent in this fiscal year is achievable, although the development partners have lowered the growth projection below 5 percent.

KATHMANDU, Oct. 7: The Friday meeting of the Legislature-Parliament passed two bills relating to finance which are directly associated with the implementation of constitution.

KATHMANDU, September 1: Finance Minister Gyanendra Bahadur Karki today urged the prompt investment in various sectors as the country's economy has started witnessing 'positive indicators'.

KATHMANDU, August 4: Prime Minister Sher Bahadur Deuba has assigned Finance Minister Gyanendra Bahadur Karki with the responsibility of the vice-chairman of the Investment Board also.

KATHMANDU, July 18: The government has expressed its commitment to expand the tax base and to reform the tax system so as to give momentum to the economy.

KATHMANDU, July 17: Parliament's Finance Committee  has directed the government to start a process to scrap the Tax Settlement Commission Act, 1976. A meeting of the  committee held on Monday  directed the government to immediately start the process  and inform the committee about its progress.

KATHMANDU, July 17: Finance Minister Gyanendra Bahadur Karki has said that Rs 612 billion revenue has been collected in the fiscal year 2016/17.

KATHMANDU (REPU-BLICA): Century Commercial Bank Ltd has acquired Sagarmatha Finance. Issuing a press statement on Saturday, the bank said the integrated operation has started on Saturday.

KATHMANDU, June 23: Confederation of Nepalese Industries (CNI) has urged the government to create enabling environment for business and investment.

KATHMANDU, June 20: The Asian Infrastructure Investment Bank (AIIB) has assured Nepal it will finance two mega projects, each costing about Rs 10 billion (US$ 100 million) through soft loans, Finance Minister Gyanendra Bahadur Karki said. The bank will charge 2 percent interest per annum, according to the minister.

KATHMANDU, June 12: International Financial Corporation (IFC), a member of the World Bank Group, has said that it was investing US$ 7.3 million into Business Oxygen (BO2) -- a private equity fund.

KATHMANDU, June 12: The Development Committee under the Legislature-Parliament has directed the Ministry of Finance and Nepal Rastra Bank (NRB) to open a branch of an 'A-class' commercial bank in every local level.

KATHMANDU, June 11: The minimum age to become a member of a cooperative has been set at 16, according to a decision made the Parliament's Finance Committee. The committee unanimously decided the minimum age which is also same age to get a citizenship certificate. The committee changed the age in the proposed bill to amend and integrate laws related to cooperatives from 18 years.

KATHMANDU, May 27: Former finance ministers and economists have said that the country should focus and invest on certain sectors and products having competitive advantage as part of building a self-reliant economy.

BEIJING, May 14: Pledging more than $100 billion in financing, Chinese President Xi Jinping called Sunday for closer cooperation across Asia and Europe in areas from anti-terrorism to investment as leaders from 29 countries gathered to promote a Chinese initiative that could increase Beijing's global influence.

KATHMANDU, May 4: IFC has said that it was partnering with the Nepal Rastra Bank (NRB) to promote sustainable and inclusive finance.