KATHMANDU, May 5: The Rastriya Swatantra Party (RSP) has decided to withdraw its support to the government.

KATHMANDU, May 3: The government is enforcing an automated system for foreign direct investment (FDI) worth up to Rs 100 million, targeting to facilitate the foreign investors.

KATHMANDU, May 1: The government has agreed to allocate one percent of the development budget for research and development, innovation, and invention.

KATHMANDU, April 30: Talks held between Deputy Prime Minister Purna Bahadur Khadka and National Innovation Center chief Mahabir Pun at the former's office today have been positive, according to Pun.

KATHMANDU, April 20: The government has sought clarification from Hotel Hyatt Regency management, which is alleged to have breached the agreement with the government while taking land on lease.

KATHMANDU, April 11: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari said banks are free to fix their interest rates based on the market situation. His remark came at a time when the government and the private sector have been pressurizing the central bank to lower the interest rates.

KATHMANDU, April 8: The government has planned to increase budget allocation by a notable amount to procure chemical fertilizers for the next fiscal year.

Govt employee arrested for fraud

April 7, 2023 18:09 pm

KATHMANDU, April 7: Police have arrested a government employee on the charge of fraud for selling/information about those who died in the course of foreign employment.

KATHMANDU, April 6: The government has said that it will resolve the pending border issues with India in Kalapani, Lipulekh and Limpiyadhura and other areas through diplomatic means.

KATHMANDU, April 5: Economists and the private sector on Wednesday blame the political leaders for being apathetic about the serious economic problems that the country is facing at present.

KATHMANDU, April 5: Prime Minister Pushpa Kamal Dahal has said that the government will get a full shape within the next two days.

KATHMANDU, March 28: The government is going to make a legal arrangement to make it a crime to collect money at exorbitant interest rates.

KATHMANDU, Feb 18: The government has directed all the public authorities to give priority to domestic products for their office use, although related laws had already been enforced about a decade ago.

KATHMANDU, Feb 7: Minister for Communications and Information Technology Rekha Sharma has said that efforts are being made to bring the Rastriya Swatantra Party (RSP) back into the government.

KATHMANDU, Feb 6: Private hydropower producers have demanded the government open power purchase agreements (PPA), which the government has put on hold for the past four years.

KATHMANDU, Dec 29: India has expressed eagerness to work together with the newly-formed government led by Pushpa Kamal Dahal in Nepal.

KATHMANDU, Dec 28: The private sector stakeholders, who had been protesting against the government and Nepal Rastra Bank (NRB) for the past one month, have withdrawn their protests after the government pledged to address their demands.

KATHMANDU, Dec 6: The government, bowing to the pressure of the private sector, has decided to scrap restrictions on import of a number of luxury items including automobiles, alcohol, mobile phone sets and two wheelers.

KATHMANDU, Dec 4: The Ministry of Agriculture and Livestock Development (MoALD) on Sunday said that there are a total of 42,983 tons of chemical fertilizers in stock in the state-owned organizations.

KATHMANDU, Nov 17: The government spent only 6.91 percent of the capital expenditure in the first four months of the current fiscal year.

KATHMANDU, Nov 16: The government collected capital gains tax on the share transaction worth Rs 715.85 million as of four months of the current fiscal year, which was just around 10 percent of the amount collected during the same period last year.

KATHMANDU, Nov 9: The government has fixed the support price of paddy at a maximum of Rs 3,128 per quintal, Rs 226 more than the price of last year.

KATHMANDU, Oct 29: The government has formed a Task Force to investigate the incident that took place in Mahottari district on Thursday.

KATHMANDU, OCT 18: The government spent only 5.17 percent of the capital expenditure in the first quarter of the current fiscal year, which ended on Monday.

KATHMANDU, Oct 14: The expenditure of Nepal’s federal government is projected to grow by more than five folds in the next 20 years.

KATHMANDU, Oct 12: Nepal will be receiving 30,000 tons of chemical fertilizers being imported through a G2G agreement with India by mid-November.

KATHMANDU, Oct 11: The government has fixed the price of bottled water at a maximum of Rs 16 per liter after a number of traders were found charging rampant prices for the bottled water.

KATHMANDU, September 24: Many traders are found to be involved in the market misconducts to receive undue benefits as the festivals are round the corner.

KATHMANDU, August 31: The government is considering increasing vigilance on the transactions of land and housing, suspecting the possibility of money laundering in such transactions.

KATHMANDU, August 28: Saying that some “fake” developers were holding licenses for hydropower projects worth some 1,600 MW but doing nothing in terms of power production, the government has said it will scrap such licenses as the developers have shown apathy to build these projects.

Automobile traders, who opened the Letters of Credit before April 26, are now allowed to import vehicles, costing Rs 9 billion in foreign currency reserves.

KATHMANDU, August 15: At a time when Nepali insurance companies are largely focused on expanding their business in Bagmati Province, the finance minister has reiterated the government’s priority to increase insurance accessibility in rural areas.

KATHMANDU, July 30: The government entities of Nepal and India signed an agreement to supply 827,000 tons of chemical fertilizers to Nepal in the next five years.

KATHMANDU, July 18: The government has decided to provide a loan of Rs 7 billion to Nepal Oil Corporation (NOC) to make the supply of petroleum products smooth.

KATHMANDU, July 16: The government spent mere 57.18 percent of the allocated development expenditure by Friday, the last official working day of the fiscal year 2021/22.

KATHMANDU, July 15: While the rice transplantation season has already begun, the government is just giving assurances to farmers to make adequate supply of chemical fertilizers instead of acting promptly to maintain the supply.

KATHMANDU, June 23: The government on Thursday officially launched the Sub-national Treasury Regulatory Application (SuTRA); an online portal-based financial management system, on Thursday.

KATHMANDU, June 8: The government collected Rs 11.03 billion in capital gains tax from the share market as of May-end of the current fiscal year.

KATHMANDU, May 24: The government is all set to announce yet another populist budget this year at a time when the country is struggling to improve its economic condition.

KATHMANDU, May 23: The government has utilized only one-third of the allocated budget under capital expenditure while the end of the current fiscal year is only two months away.

KATHMANDU, April 15: The government has spent only 27.45 percent of the capital budget allocated for the development projects as of the third-quarter of the current fiscal year that ends on Wednesday.

KATHMANDU, April 11: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has said that solutions to the problems of price increment of the petroleum products and its transport and supply would be resolved scientifically by prioritizing the interests of the consumers.

KATHMANDU, April 3: Home Minister Balkrishna Khand, also the Acting Prime Minister, has directed the authorities concerned to immediately fix the problems surfaced recently in the supplies of petroleum products.

KATHMANDU, March 29: Economists and experts have accused the Ministry of Finance (MoF), the pivotal government agency to look after the economic health of the country, of focusing on populist programs and acting as a revenue collection organ rather than solving the real problems of the economy.

KATHMANDU, March 22: Prime Minister Sher Bahadur Deuba on Tuesday directed the government bodies concerned to forward policies and programs that could help reduce the country’s widening trade deficit.

KATHMANDU, March 21: The Ministry of Finance (MoF) has received overwhelming demand for transferring Rs 368 billion under non-budgetary cash transfers from various government bodies, which has raised the concern over the fiscal discipline in the government mechanism.

The government has allocated Rs 146 billion for health infrastructures development in the current fiscal year. But the budget remains largely unspent even after six months of the current fiscal year.

KATHMANDU, Feb 20: The government has announced to provide up to 90 percent subsidy on the production of renewable energy in the area that is deprived of connectivity to the national grid.

KATHMANDU, Feb 13: Yak & Yeti Hotel Limited, in response to the government move to scrap the operating license, has said the hotel does not have any financial liabilities due to the government.

KATHMANDU, Jan 23: The government is mulling to raise the maximum limit on hard cash of Indian currency (IC) from existing INR 25,000 that can be exchanged by individuals traveling to India.