Nepal, renowned for its lush green forests, possesses vast potential in its forest resources. However, it is crucial for the government to optimize these resources while maintaining their sustainability. Failing to do so not only undermines the saying, "Green forest is Nepal's wealth," but also depletes the hard-earned foreign currency of the country.
There remains the question of whether royalties should also be redistributed among localities which neither host nor are physically-affected or neighbor the resource exploitation works in the first place.
KATHMANDU, Sept 19: Experts have said that the lack of financial resources combined with the lack of capacity for service delivery at the local level units could become one of the biggest challenges for Nepal's federalism.
KATHMANDU, July 21: Prime Minister KP Sharma Oli has directed the office bearers of the Tribhuvan University to bring forth the human resources plan in line with country's resolution of 'Prosperous Nepal: Happy Nepali.'
KATHMANDU, July 12: Nepal Rastra Bank (NRB) has controlled the flow of investment of bank and financial institutions (BFIs) toward revolving type of credit including overdraft. Unveiling the Monetary Policy for Fiscal Year 2018/19, the central bank reduced the limit of personal overdraft loan to Rs 5 million from existing Rs 7.5 million.
DANG, July 1: Last year Babai Rural Municipality of Dang confronted the District Coordinating Committee (DCC), over the handling of some contracts that were related to resources within the area of the municipality.
KATHMANDU, May 20: Population, which was the top factor in delineating village councils and municipalities last year, has again been given the highest weightage – 70 percent – in allocating resources to the local levels and provinces. Human Development Index carries only 5 percent value in revenue distribution.
DANG, April 21: Babai Rural Municipality office recently extracted mines from over six rivers in the region. The existing laws allow local bodies to use local resources for development, but there certainly are some guidelines.
KATHMANDU, March 22: National Natural Resources and Fiscal Commission (NNRFC) has started homework for devising formulas for distributing royalties of five different types of natural resources among all three tiers of the government.
KATHMANDU, March 3: Newly-appointed Home Minister Ram Bahadur Thapa has said that the home ministry will undertake necessary efforts to provide adequate resources for the effective operation of the Armed Police Force (APF).
KATHMANDU, Jan 22: Nepal Army has started procurement of different civil works, including earth cutting and permanent structures, for the Kathmandu Tarai Expressway without preparing Detailed Project Report (DPR) - a prerequisite for any development work.
KATHMANDU, Jan 21: The office of National Natural Resources and Fiscal Commission (NRFC), the constitutional body with an authority to advise the government on revenue distribution to the local levels and provinces, has been set up at Singha Durbar in Kathmandu.
DHULIKHEL, Dec 26: Most of the houses at the Danuwar settlement at Baluwa, Paanchkhal Municipality-12 in Kavrepalanchok district have cracks from the devastating April 25, 2015 Gorkha Earthquake and in need of urgent reconstruction.
KATHMANDU, Oct 7: Local level units and provinces will get 25 percent each of the royalty collected on the use of natural resources, according to the bill on Inter-Governmental Financial Management endorsed on Friday. The remaining 50 percent remains with the central government.
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.
JANAKPUR, July 25:A major hospital in Janakpur, where patients from surrounding eight tarai districts come for treatment is running without specialists and adequate human and infrastructural resources. Hospital administration claims that the hospital has not been allocated adequate quotas of doctor and that even the availed quotas are not fulfilled.
KATHMANDU, June 16: An expert on federal fiscal system has called for adequate financial resources to the local level to abet the zeal of the people's representatives and the people for development at local level.
KATHMANDU, May 16: Elected representatives of 283 local units will be ready to assume office and perform their responsibility within a week or two. But the central government has not yet decided the ratio of budget allocation that these units will get.
JANAKPUR, May 3: On her way to school, fifth-grader Priti Kumari Yadav carries an empty sack to use as a mattress to sit on in her class. Yadav and her 33 classmates do the same because there is no furniture.
NEPALGUNJ, March 29: Lack of human resources and proper infrastructure has posed a great challenge in the implementation of local restructuring in the districts of the western region. These deficiencies have crippled the recently installed local bodies, including municipalities, rural municipalities and ward offices.
KATHMANDU, Sept 23: Tribhuvan University Central Library is in a state of disarray in lack of proper management, adequate space and other resources necessary to keep the country's biggest library in order.
KATHMANDU, Sept 7: Economics and experts have said that a huge gap between financial resources and needs of various provinces will be one of the major challenges when the country embraces federal setup.