NEW DELHI, Jan 29: India’s economy contracted by 7.7% in the 2020-21 financial year, battered by the coronavirus pandemic, according to a report released Friday.

KATHMANDU, May 15: As President Bidya Devi Bhandari is unveiling the government's policies and programs for the upcoming fiscal year 2020/21 later today, many are waiting curiously to see how the head of state presents herself in parliament this time.

KATHMANDU, Jan 14: The Commission for the Investigation of Abuse of Authority (CIAA) has sued 814 individuals for misappropriations totaling over Rs 4 billion during the last fiscal year.

KATHMANDU, Aug 5: Madhesi Commission has spent over Rs 30 million to conduct a series of training and orientation programs in various districts in the last fiscal year.

BHAIRHAWA, July 31: Eighteen Nepalis in Rupandehi district renounced their citizenship in the last fiscal year 2018/19. According to the acting CDO of Rupandehi, Bharat Kumar Sharma, they gave up Nepali citizenship in order to acquire the citizenship of other countries.

KATHMANDU, July 29: The state-owned Rastriya Banijya Bank (RBB) Ltd earned over Rs 4.5 billion in net profit in the last fiscal year 2018/19.

KATHMANDU, July 25: Nepal Rastra Bank (NRB) has introduced its monetary policy for the new fiscal year 2019/20, focusing on making liquidity management more efficient and maintaining interest rate stability.

KATHMANDU, July 17: Minister for Communication and Information Technology Gokul Prasad Baskota has directed all departments and offices under the ministry to work to meet the target announced by the government.

KATHMANDU, July 16: Internet Service Providers (ISPs) are set to charge 13% telecommunication service charge (TSC) to their users from the upcoming fiscal year- FY 2019/20.

DHANGADHI, July 9: As the current fiscal year nears its end, Sudur Paschim Province has intensified development activities, spending the development budget in a hurry so as to prevent budget-freezing.

NEPALGUNJ, July 5: The fifth town assembly of Nepalgunj Sub-metropolitan City has endorsed a budget of two billion 288 million 554 thousand rupees for the next fiscal year 2019/2020.

KATHMANDU, July 5: Over 40 new 'smart' public toilets are to be built across Kathmandu by the end of the upcoming fiscal year, while those currently in operation will get a facelift, according to Kathmandu Metropolitan City (KMC) office.

KATHMANDU, June 29: Trade deficit widened by 17.4% in the first 11 months of the current fiscal year 2018/19 to Rs 1,211.97 billion.

KMC to widen tax net

June 26, 2019 07:59 am

KATHMANDU, June 26: The Kathmandu Metropolitan City (KMC) has proposed increasing the tax net in the new fiscal year 2019/20 rather than increasing the rates of taxation.

KATHMANDU, June 26: Local governments across the country have unveiled their annual budgets for the next fiscal year, their second budgets since they came into existence following the 2017 local elections.

KATHMANDU, June 20: The external sector position of the country continues to deteriorate in the tenth month of the current Fiscal Year 2018/19 with the balance of payment (BoP) slipping into a deficit of Rs 68.2 billion.

KATHMANDU, June 16: All seven provincial governments are unveiling their budgets for the upcoming fiscal year on Sunday.

SINDHULI, June 5: Locals in the district have appreciated budget allocation by the government for the Sunkoshi-Marin Diversion Project, a national pride project, for the upcoming Fiscal Year 2019/20.


June 1, 2019 18:40 pm

The Week in pictures for the week May 26 - June 1.

May 31: The budget unveiled Wednesday for the fiscal year 2019/20 has drawn a mixed reaction from the seven provinces. Some provinces have welcomed the budget for allocating funds for projects prioritized by the provincial governments while others have criticized it for failing to introduce any new programs or to understand the needs of the respective provinces.

KATHMANDU, May 30: The government has increased the budget for sports development by Rs 1.96 billion for the upcoming fiscal year.

KATHMANDU, May 30: The government has said that it would focus on modernization and commercialization of agriculture sector to protect people's rights to food and eliminate poverty.

MICE tourism gets priority

May 30, 2019 09:04 am

KATHMANDU, May 30: The government has decided to prioritize meeting, incentive conference and exhibition (MICE) tourism to bring high spending tourists to the country.

Budget highlights

May 30, 2019 08:29 am

Budget highlights

KATHMANDU, May 30: The government has unveiled a budget of Rs 1.53 trillion for the upcoming fiscal year 2019/20 without introducing any notable new development project while raising the rates of major taxes and increasing allocations for distributive programs.

Your daily dose of missed important news of the day.

KATHMANDU, May 29: Minister for Finance, Yuba Raj Khatiwada, is presenting the budget of over Rs 1.58 trillion for the upcoming fiscal year 2019/20 on Wednesday.

KATHMANDU, May 28: Economic prosperity and progress were the buzzwords since the current government came into office in February last year. But the economic survey for its first year unveiled on Monday shows nothing encouraging.

KATHMANDU, May 27: Government has projected seven percent economic growth for the fiscal year 2019/20.

KATHMANDU, May 25: Like his predecessors, Minister for Finance Yuba Raj Khatiwada said he had focused on ‘growth of real sector including manufacturing’ and ‘high priority on production’ when he unveiled the budget for the current fiscal year in May last year.

KATHMANDU, May 15: Minister for Finance Yuba Raj Khatiwada has said that the current government will not have any excuse to justify its failure to meet capital expenditure target set in the budget for the upcoming fiscal year.

KATHMANDU, May 12: After President Bidya Devi Bhandari presented the government’s policies and programs for Fiscal Year 2019/20 in parliament on May 4, it was found that the government’s policy for the country’s film industry is concerned only about foreign filmmakers.

BANKE, May 11: Rice worth over Rs 5 billion was imported via Nepalgunj checkpoint till April 13 of the current fiscal year. A total of 97,732 metric tonnes of rice was imported till April 13 from the beginning of the current fiscal year.

KATHMANDU, May 4: Unveiling the government’s policy and program for the upcoming fiscal year 2019/20 on Friday, President Bidya Bhandari made a claim on post-earthquake recovery contradicting the plan of the National Reconstruction Authority (NRA).

BALEWA, May 2: Local governments based in Baglung district have started consultations with stakeholders in course of the formulation of policy and budget for upcoming year.

BIRATNAGAR, April 18: Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal has said that the economy will grow by more than 7 percent this fiscal year.

KATHMANDU, April 17: Tribhuvan University, the country's oldest public university, has arrears amounting to over Rs 21.12 billion to be cleared in the two fiscal years, fiscal year 2017/18 and current fiscal year 2018/19, according to a report made public by the Office of the Auditor General.

KATHMANDU, Jan 22: Kathmandu Metropolitan City (KMC) will be building only two sky bridges in the capital this fiscal year though it had allocated budget for the construction of three such bridges in order to control the increasing accidents caused by jaywalking and unavailability of safer mediums to cross the roads.

KATHMANDU, Jan 16: The government’s performance in terms of boosting capital expenditure did not improve much in the first half of the current fiscal year in comparison to the same period of the previous fiscal year – FY2017/18.

KATHMANDU, Jan 11: The World Bank has made an upward revision of Nepal’s economic growth projection to 5.9 percent in the current Fiscal Year 2018/19, up from its earlier forecast of 4.5 percent in June 2018.

KATHMANDU, Nov 21: The government has made the first quarterly review of the policy and programs of the current fiscal year, where it found no basis to be satisfied with the capital expenditure.

GORKHA, Nov 1: The blacktopping of Abukhaireni-Gorkha road was intensified just a few weeks before the end of the last fiscal year just to ensure that the budget allocated by the government would not freeze.

KATHMANDU, Oct. 25: The Ministry of Water Supply has sent separate teams comprising three members in each in all seven provinces to monitor the shifting of the budget in the fiscal year 2074/075 BS.

FDI pledges down by Rs 1.5 billion

October 14, 2018 07:31 am

KATHMANDU, Oct 14: Foreign Direct Investment (FDI) commitment to Nepal has fallen over the first two and half months of the current fiscal year.