WASHINGTON, July 27:  The Supreme Court cleared the way Friday for the Trump administration to tap billions of dollars in Pentagon funds to build sections of a border wall with Mexico.

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.

KATHMANDU, Nov 23: The Asian Development Bank (ADB) has said improving project implementation performance is the key to Nepal getting more funds for development.

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.

KATHMANDU, July 27: Securities Board of Nepal (Sebon) has initiated a process to take action against mutual fund managers for parking their cash in bank and financial institutions (BFIs) in amounts higher than the limit.

Brussels will this week make last-ditch attempt to convince Trump not to proceed with punitive tariffs on EU car sector

Lawmakers lobbying hard for Constituency Development Fund

Customs officials can use the fund to purchase ‘doubtful’ goods from importers

In the past decade, a lot of coffee shops and restaurants have popped up in Kathmandu and many have quite unique stories behind their establishment. Mo:Mo la Palpasa, located at JP Road in Thamel, is a quaint little place that has been gaining popularity among the locals as well as tourists because of the hygge-esq ambience it radiates. The two founders of the cafe talk us through their journey of starting Mo:Mo la Palpasa and the future plans they have for it.

KATHMANDU, April 17: Some international donors that had pledged billions of rupees for  post-earthquake reconstruction in Nepal but are yet to provide the pledged amounts to the National Reconstruction Authority (NRA) did not attend a  meeting summoned by NRA on Monday.

KATHMANDU, April 13: An audit report prepared by the Office of the Auditor General (OAG) shows that the Election Commission (EC) spent millions of rupees from foreign donors without any audit and details of election logistics gifted by  neighboring countries were not  taken into account in its report submitted  to the OAG after holding three sets of elections last year.

KATHMANDU, March 22: Chief Ministers of all seven provinces have complained to the prime minister that they have been reeling under shortage of resources, budget, expert manpower and they also lack proper coordination from the central government.

KATHMANDU, March 21: The Asia-Pacific regional office of the International Federation of Red Cross (IFRC) has summoned Nepal Red Cross Society (NRCS) Chairman Sanjeev Thapa and NRCS Earthquake Response Operation head Umesh Prasad Dhakal to inquire about the organization's alleged involvement in gross misuse of earthquake relief fund

The Supreme Court on Tuesday issued an interlocutory stay order in favor of businessman Ajaya Raj Sumargi, allowing him to use Rs 2 billion which was transferred from a foreign bank and subsequently frozen by Nepal Rastra Bank.

KATHMANDU, Jan 28: Enterprises and the government are at odds over the taxing of the fund transferred to the company-level employee welfare fund. While the government wants to levy tax on welfare fund if that is not spent in line with its purpose, companies say that the decision of the Inland Revenue Department to impose tax on such fund has been problematic for both employees and business firms.

KATHMANDU, Jan 20: Nepal Stock Exchange (Nepse) benchmark index plunged 24.58 points to close at 1,406.52 points on Wednesday, the last trading day of the week.

KATHMANDU, Jan 17: A committee formed by the Ministry of Finance (MoF) to recommend measures to address the shortage of lendable funds has concluded that the government does not need to offer any relief for the bank and financial institutions (BFIs) at this moment.

Bankers are panicked at the possibility of huge withdrawal of deposits from the system over the next few days for income tax payment and repatriation of profit by Ncell.

SHANGHAI, Dec 23: China has punished 8,123 people for committing fiscal violations after an audit of how the government’s 2016 central budget was spent revealed multiple problems, the Xinhua state news agency reported.

LAHAN, Nov 30: Agitating students have padlocked Brahmachari Damadorananda College to protest the alleged misappropriation of funds by the college principal Sanjaya Sah.

KATHMANDU, Nov 24: The government has released a total of Rs 19 billion in expenditures to the Election Commission (EC) as well as various security agencies for the upcoming parliamentary and provincial polls.  According to the Ministry of Finance, the EC has already received Rs 10 billion for meeting election-related expenses.

LONDON, Nov 6: The Queen's private estate, Bono and one of Donald Trump's closest advisors are among those whose offshore investments have been revealed in one of the largest ever leaks, dubbed the "Paradise Papers".

POKHARA, Sept 12: The British Council is facilitating a 9-million-euro project funded by the European Union (EU) for the improvement of technical and vocational education and training (TVET) in the country.

Dubious constituency funds

September 4, 2017 00:53 am

MPs getting to wantonly spend public money also undermines the sanctity of democratic elections.

KATHMANDU, August 22: Students of The British College (TBC) organized a donation campaign to support the tarai flood victims on Sunday.

KATHMANDU, August 15: The government has been sitting on  billions of rupees in relief funds for the victims of natural disasters even as thousands of people  suffer cold and hunger in the districts affected by  flooding and landslides.

KATHMANDU, August 13: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Non-Resident Nepali Association (NRNA) have set up separate funds to provide relief to the flood and landslide victims in different districts.

BIRATNAGAR, July 30: Two families living in miserable condition in Morang proves that the government's assurance to provide free treatment to the poor and needy is nothing more than a slogan.

KATHMANDU, July 18: The reconstruction of one-third of earthquake destroyed schools will be halted after a year due to financial crunch.

JAKARTA, July 8: Indonesian state firms are courting foreign pension funds by offering a share in future revenue from toll roads, power stations and other infrastructure projects, as part of a presidential drive to secure $10 billion in additional inflows.

Proceeds from a clash between London football giants Arsenal and Chelsea will go to support people caught up in the Grenfell Tower fire, the Football Association said on Friday.

KATHMANDU, June 13: Nepal Airlines Corporation (NAC) has arranged funds for procuring two wide-body aircraft.

KATHMANDU, June 3: The government is mulling over requesting development partners for delegating projects being implemented with foreign assistance to local units.

KATHMANDU, May 27: Parliamentarians have put pressure on the government to continue budgetary allocations for two parliamentary development programs in the upcoming budget.

KATHMANDU, May 19: Prime Minister Pushpa Kamal Dahal is making a last-ditch effort to release Rs 3 billion that had entered the country as foreign investment for companies promoted by businessman Ajeya Raj Sumargi.

KATHMANDU, May 9: The Office of the Prime Minister and Council of Ministers has provided Rs 500,000 to assist in the treatment of Kapil Shahi (Raute) of Achham and to also conduct kulpooja (ancestral worship) of the Raute community.

MYAGDI, April 24: In midst of increasing trend of manipulating the social networking site 'Facebook', the migrant workers from Myagdi have used it to raise funds and reconstruct a dilapidated playing field here.

KATHMANDU, April 22: The Election Commission (EC) has sought details from two ministries--Ministry of Finance and Ministry of Peace and Reconstruction-- over the releasing of billions of rupees to conflict victims and former Maoist combatants. The the ministries have been accused of making preparations to release an estimated Rs 16 billion for conflict victims and ex-Maoist combatants in a move to influence the upcoming local elections.

KATHMANDU, Feb 22: As the banking industry grapples with the mismatch in deposit and credit growth that have causing shortage of lendable fund, the Nepal Rastra Bank has come up with some relaxations to the BFIs which will free up some funds for them to float as loans.

KATHMANDU, Feb 20: Rebuild Nepal, a Germany-based organization established by non-residential Nepalis has been supporting the quake victims, especially children, of Nepal by rebuilding school blocks.

KATHMANDU, Feb 16: Rather than investigating misuse of millions meant for earthquake victims, Nepal Red Cross Society (NRCS) has formed a committee  to find out who was involved in leaking information to media about the funds misuse.

KATHMANDU, Jan 25: Commercial banks are literally left without any money to extend new loans, indicating that credit expansion of most of these banks will come to a grinding halt if they do not receive fresh financing facility.

KATHMANDU, Jan 22: Yatri 2.0, a travel photo exhibition, came to an end on Sunday. A group of young photographers, musicians and poets of Kathmandu put up a travel photo exhibition and musical shows to collect funds for cataract surgeries.

KATHMANDU, Jan 21: Bankers have urged Nepal Rastra Bank (NRB) to scrap the credit to core-capital-cum-deposit (CCD) ratio requirement that bank and financial institutions (BFIs) have to maintain.

KATHMANDU, Jan 11: Nepal Red Cross Society (NRCS) has been found splurging millions meant for earthquake victims on administrative activities and the purchase of  various luxury items instead of channelizing the hefty amounts  into the real tasks of earthquake reconstruction and rehabilitation.

Road projects major recipient of funds

December 15, 2016 07:40 am

GORKHA, Dec 15: Road projects have received the major chunk of budget from Constituency Infrastructure Development Program (CIDP) allocated for Gorkha district.

CALIFORNIA, Nov 16: The Nepal-America Journalists' Association (NAJA) has launched a fundraising campaign for the welfare of the children of business journalist Sanjay Neupane who died at the age of 44 on November 5. He died from anaplastic astrocytoma.

An anti-corruption organization has asked Oscar-winning actor Leonardo DiCaprio to pay back his earnings from The Wolf of Wall Street, estimated to be worth USD 25 million, following his alleged ties to the 1MDB Malaysian corruption scandal.

ROLPA, Oct 16: Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara has pledged to provide additional funds for the under-construction building for the polytechnic institute in Rolpa.

CIAA summons Maoists over cantonment funds

September 17, 2016 00:40 am

KATHMANDU, Sep 17: The Commission for the Investigation of Abuse of Authority (CIAA) has summoned leaders and other members of the ruling CPN (Maoist Center) to investigate into the alleged irregularities at Maoist cantonments.