KATHMANDU, Jan 19: Over a hundred thousand people are deprived of payment for COVID-19 insurance claims in the country. The dispute between the insurance companies, the Insurance Board, and the Ministry of Finance is the reason behind the delay in settling the insurance claims.
KATHMANDU, June 7: The Ministry of Finance (MoF) has formed a task force to make necessary homework on startup businesses and workplace-based training and employment programs for the implementation of the provisions related to the private sector included in the budget for the fiscal year 2021/22.
KATHMANDU, May 15: The government has allocated Rs 58.30 million to install medical oxygen gas production plants at three hospitals — Patan Academy of Health Sciences in Lalitpur, Bheri Hospital in Nepalgunj and Dadeldhura Hospital in Dadeldhura district amid an acute shortage of the lifesaving gas leading to the deaths of a large number of COVID-19 patients on a daily basis.
KATHMANDU, Jan 5: Bank promoters have complained to the Ministry of Finance that the Nepal Rastra Bank (NRB), the country’s central bank, has adopted a policy of micromanaging the banks and financial institutions (BFIs).
KATHMANDU, Dec 24: The government of Nepal and Asian Development Bank (ADB) signed US dollar 150 million concessional loan agreement to finance South Asia Sub regional Cooperation (SASEC) Airport Capacity Enhancement Project and US$ 40 million concessional loan and US$10 million grant for the implementation of Priority River Basins Flood Risk Management Project.
KATHMANDU, April 4: The Ministry of Finance has asked government agencies to halt expenses in a number of activities, targeting to manage the financial resources in the priority areas due to the impact of COVID-19.
KATHMANDU, Dec 6: The government is in the process of implementing a single-code system for the income tax, value added tax, and excise duty, as an effort to simplify the procedures for taxpayers, a finance ministry official said on Thursday.
KATHMANDU, June 19: The Ministry of Finance (MoF) has transferred Rs 84.51 million from one budget heading to another to finance foreign junkets of top-ranking functionaries and officials in the past two months alone.
KATHMANDU, May 22: A session of the House of Representatives today endorsed a proposal tabled seeking the consideration over the 'Revenue Leakage (Investigation and Control- First Amendment) Bill-2075 BS'.
The 22 officials from the Ministry of Finance of Nepal attended a training course on ‘Global Perspectives on Public Financial Management’ at the Institute of Government Accounts and Finance (INGAF) in New Delhi on Monday.
KATHMANDU, Nov 27: Turning down parliament's request for funds to buy 23 new vehicles for the National Assembly chairperson and other office bearers, the Ministry of Finance has given its nod to release budget for only five new vehicles.