September 16, 2022 10:24 am
KATHMANDU, Sept 16: Banks and financial institutions of Nepal have agreed to invest Rs 53.34 billion in the Upper Arun Hydropower Project.
May 5, 2022 18:12 pm
KATHMANDU, May 5: The World Bank (WB) is funding USD 23 million to scale up direct support to the unemployed poor impacted by the COVID-19 pandemic.
June 5, 2021 17:40 pm
KATHMANDU, June 5: The government spent Rs 23.16 billion as of mid-May on the measures to check the spread of COVID-19 and treatment of the patients.
April 29, 2021 18:20 pm
SURKHET, April 29: The government of Karnali Province has allocated Rs 1.34 billion to control the spread of the coronavirus infection.
July 27, 2019 10:08 am
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.
November 27, 2018 05:30 am
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.
November 23, 2018 17:43 pm
KATHMANDU, Nov 23: The Asian Development Bank (ADB) has said improving project implementation performance is the key to Nepal getting more funds for development.
October 5, 2018 06:30 am
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.
July 28, 2018 20:25 pm
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.
July 24, 2018 11:00 am
Brussels will this week make last-ditch attempt to convince Trump not to proceed with punitive tariffs on EU car sector
May 16, 2018 05:50 am
Lawmakers lobbying hard for Constituency Development Fund
May 3, 2018 08:23 am
Customs officials can use the fund to purchase ‘doubtful’ goods from importers
April 20, 2018 08:51 am
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.
April 17, 2018 10:45 am
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.
April 13, 2018 07:20 am
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.
March 22, 2018 07:03 am
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.
March 21, 2018 09:27 am
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
February 8, 2018 06:50 am
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.
January 28, 2018 11:20 am
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.
January 20, 2018 09:12 am
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.
January 17, 2018 14:04 pm
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.
January 11, 2018 11:45 am
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.
December 23, 2017 12:38 pm
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.
November 30, 2017 12:01 pm
LAHAN, Nov 30: Agitating students have padlocked Brahmachari Damadorananda College to protest the alleged misappropriation of funds by the college principal Sanjaya Sah.
November 24, 2017 07:00 am
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.
November 6, 2017 16:18 pm
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".
September 12, 2017 08:12 am
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.
September 4, 2017 00:53 am
MPs getting to wantonly spend public money also undermines the sanctity of democratic elections.
August 22, 2017 10:52 am
KATHMANDU, August 22: Students of The British College (TBC) organized a donation campaign to support the tarai flood victims on Sunday.
August 15, 2017 01:45 am
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.
August 14, 2017 01:15 am
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.
July 31, 2017 00:45 am
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.
July 19, 2017 02:15 am
KATHMANDU, July 18: The reconstruction of one-third of earthquake destroyed schools will be halted after a year due to financial crunch.
July 9, 2017 05:00 am
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.
June 23, 2017 17:55 pm
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.
June 13, 2017 00:50 am
KATHMANDU, June 13: Nepal Airlines Corporation (NAC) has arranged funds for procuring two wide-body aircraft.
June 4, 2017 01:45 am
KATHMANDU, June 3: The government is mulling over requesting development partners for delegating projects being implemented with foreign assistance to local units.
May 27, 2017 00:40 am
KATHMANDU, May 27: Parliamentarians have put pressure on the government to continue budgetary allocations for two parliamentary development programs in the upcoming budget.
May 20, 2017 11:55 am
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.
May 9, 2017 13:16 pm
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.
April 24, 2017 08:23 am
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.
April 22, 2017 00:50 am
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.
February 22, 2017 10:18 am
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.
February 20, 2017 00:30 am
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.
February 16, 2017 01:40 am
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.
January 25, 2017 01:10 am
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.
January 22, 2017 23:10 pm
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.
January 21, 2017 10:02 am
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.
January 11, 2017 11:10 am
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.
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.