Economy

Nepal's First Budget Presented in 2008 BS

3 weeks ago

Kathmandu. The annual budget for the fiscal year 2083/84 has been made public today. Finance Minister Swarnim Wagle presented the budget for the upcoming fiscal year, including estimated income and...

Finance Minister Presents Budget to Federal Parliament

3 weeks ago

Kathmandu. Finance Minister Dr. Swarnim Wagle is presenting the budget for the upcoming fiscal year in the joint meeting of the Federal Parliament today. The government, formed with approximately a...

Nepal Rastra Bank Sets Foreign Exchange Rates for Friday

3 weeks ago

Kathmandu. Nepal Rastra Bank has determined the foreign exchange rate for today (Friday). According to this, the purchase rate for one US dollar today is 152 rupees 81 paisa and...

Construction Sector Faces Severe Crisis Amidst Economic Challenges

3 weeks ago

Kathmandu. Nepal's construction sector is currently going through a severe crisis. Even as the end of the financial year approaches, capital expenditure is extremely disappointing. On the other hand, construction...

Laxmi Prasad Upreti Elected Chairman of National Cooperative Bank Limited

3 weeks ago

Kathmandu. Laxmi Prasad Upreti has been elected as the Chairman of the National Cooperative Bank Limited. Upreti was elected chairman by securing 5 votes among the 7 members of the...

E-Passport Procurement Suspected of Tax Evasion and Foreign Exchange Misappropriation

3 weeks ago

Kathmandu. Further evidence has been found to confirm suspicions of tax evasion and foreign exchange misappropriation through offshore transactions in the procurement of electronic passports (e-passports). The ownership structure of the...

Insurance Sector Collects NPR 160 Billion by Mid-April

3 weeks ago

Kathmandu. An amount equivalent to NPR 127 billion 690 million has been collected through life insurance premiums.According to the economic survey of the current fiscal year published by the Ministry...

Customs Offices to Suspend Goods Clearance on Budget Day

3 weeks ago

Kathmandu. On the day the budget for the upcoming fiscal year 2083/84 is to be presented (Friday, Jestha 15), customs clearance work will be suspended at customs offices across the...

Government Expands Irrigation Facilities Across Nepal

3 weeks ago

Kathmandu. Due to the effective management of the government, the area suitable for irrigation within the country is gradually expanding.According to the ministry-wise progress report of the current fiscal year...

10 Industrial Zones Provide Direct Employment to 20,000 People

3 weeks ago

Kathmandu. Around 20,000 people have received direct employment from industries operating in 10 industrial zones across the country.According to the Economic Survey of Fiscal Year 2082/083, out of 706 industries...

First Weir Gate Installed and Tested at Upper Trishuli-1 Hydropower Project

3 weeks ago

Kathmandu. The first weir gate installation and testing at the 216 MW capacity Upper Trishuli-1 Hydropower Project under construction in Rasuwa with direct foreign investment has been successfully completed. The testing...

Pathao Nepal Launches Helicopter Booking Service 'Pathao Heli'

3 weeks ago

Kathmandu. Pathao Nepal, which is becoming a super app through ride-sharing, has now expanded its service to book helicopters from a mobile app. Pathao, Nepal's leading mobility platform, has launched...

DDC Discusses Financial and Management Challenges, Future Plans

3 weeks ago

Kathmandu. The Dairy Development Corporation (DDC), which has been facing management and financial crises recently, has come into discussion again after Prime Minister Balendra Shah's (Balen) yak cheese post. After...

BP Highway Reconstruction Accelerates After Flood Damage

3 weeks ago

Kathmandu. Reconstruction work on the BP Highway, devastated by floods eight months ago, is progressing rapidly. The road reconstruction, whose foundation stone was laid two days ago by Secretary of...

Government Commission Finds Cooperative Sector in Crisis Due to Financial Irregularities and Weak Regulation

3 weeks ago

Kathmandu. A high-level inquiry commission formed by the government has concluded that the cooperative sector is heading towards a crisis due to increasing financial irregularities, weak regulation, and activities contrary...

Karnali Province Government Flouts Laws, Pays Rs 1.28 Billion Without Salary Report

3 weeks ago

Surkhet. A large amount of money has been paid in violation of policies, rules, and laws in Karnali Province. Money was paid last fiscal year (2081/082) without passing the salary...