A government-appointed task force has suggested an immediate and comprehensive overhaul of the salary and service benefits structure across Nepal’s state-owned enterprises, regulatory bodies, and academies.
Despite disruptions and 'brief uncertainty' created by the Gen Z movement in September 8-9, the government's revenue collection registered a steady growth over the first four-month of the current Fiscal Year 2025/26.
Within a couple of weeks of his assumption of the post of Finance Minister, Rameshore Prasad Khanal initiated a drive to apply austerity measures in all forms of public expenditure – development, operational and financing.
Nepal and Tibet have shared a relationship of both affection and animosity for millennia. Formal exchanges betw
The government has assured the private sector, which experienced a severe attack and damage to business and private properties during the Gen Z movement in September, that investments and investors will be protected.
Spending of the budget allocated to development projects (capital expenditure) in the first trimester of the current Fiscal Year 2025/26 has remained the lowest in the last four years. According to the Financial Comptroller General Office (FCGO), capital expenditure has staggered at 4.7 per cent (Rs. 19 billion) of the total allocation of Rs. 407.88 billion only to outperform 3.9 per cent of 2021/22. Then, the government could spend Rs. 14.8 billion against the total capital allocation of Rs. 378.09 billion.
The Embassy of Nepal in Israel has started the process of repatriating the body of Bipin Joshi to Nepal. It is working in close contact and coordination with the relevant authorities there, informed the Ministry of Foreign Affairs (MoFA) Tuesday.
The last hopes of welcoming Bipin Joshi home have been dashed with the Palestinian armed group Hamas confirming his death while in hostage. “Hamas releases the names of four dead hostages whose bodies the terror group is expected to transfer to the Red Cross today. The hostages are Guy Illouz, Yossi Sharabi, Bipin Joshi, and Daniel Perez,” The Times of Israel reported on Monday evenin
Amidst the estimated 3-5 per cent loss to the economy due to arson and vandalism of the public and private property and businesses during the Gen-Z movement in September this year, and fear of poor
Floods and landslides induced by the incessant rains since Friday night damaged roads and bridges at over 263 locations across the country. According to the Department of Roads (DoR), the damages could cost more than Rs. 4.63 billion – roads Rs. 4.34 billion and bridges Rs. 281 million.
The Nepal Rastra Bank (NRB) has announced various relief measures, including a discount on interest on business loans, restructuring and rescheduling of such loans, and a subsidy on them.
President Ramchandra Paudel has issued an ordinance amending the Voter Registration Act, 2073, paving the way for new voter enrolments ahead of the House of Representatives elections scheduled for March 5, 2026.
The Ministry of Finance on Tuesday extended the deadline for tax submission for the private sector companies by a month at the request for the same by the latter. Citing the damage inflicted on the business and industries during the protests called by Gen Z last week, the private sector has been suggesting that the government offer some relief measures to help them in reviving the business and boosting morale.
Thirty-four individuals, mainly youth, were killed in the two-day demonstrations against corruption, nepotism and recent social media ban called by the GenZ Alliance.And, country’s economy received a major blow that might take years to recover.
The government’s plan to make embossed number plates (ENPs) mandatory for vehicles has met with widespread public resistance. The ENP is a high-security, machine-readable licence plate equipped with an RFID chip that links the vehicle to a centralised database and enhances vehicle security through GPS tracking. Such plates enable better monitoring of vehicle movement, reducing the risk of theft. They also support more efficient database management, revenue collection and administrative processes.