Although government expenditure has caught a worse trajectory for the last three years registering poor yet identical achievements, income has been severely disturbed in the current fiscal year. The government could achieve only 62 per cent of its income target by Thursday, June 29, according to the Financial Comptroller General Office (FCGO). Through the budget of the current fiscal year 2022/23, the government had announced to raise a total
The National Planning Commission (NPC) has said that the upcoming 16th periodic plan (Fiscal Year 2024/25 to 2029/30) would include methods and strategies to smooth the transition to the developing nation status and meet the middle-income criteria.
Former Foreign Secretary and Ambassador Madhu Raman Acharya has suggested that Nepal should develop a full-fledged neighbourhood policy so that there will be no political differences among the parties and national stakeholders, and 'national interest' gets the front seat in bilateral and multilateral dealings.
Owing to the import control measures that the government implemented in the current Fiscal Year 2022/23, trade deficit of Nepal has gone down by more than 15 per
Writing poetry demands a considerable feat of work, including thinking, understanding, explaining, and the ability to tell it succinctly. Although many find it highly gratifying, only a couple
Stakeholders have suggested for a strict regulation of microfinance and cooperatives sector in order to check the financial anarchy and embezzlement of the hard-earned money of people.
Insurance stakeholders have expressed serious concerns over insurance policy ‘being sold not bought’, and suggested immediate measures to create an environment where people buy insurance policies at their will but not due to the push sales by the agents.
Minister for Finance Dr. Prakash Sharan Mahat said that it is imperative to strike a balance between safeguarding the interests of policyholders and encouraging insurers to embrace technological advancements and explore new product offerings.
To resolve the issues of the subsidy on the premium of agriculture and livestock insurance for the long term, the Nepal Insurance Authority (NIA) has recommended distributing the subsidy through the local government.
Finance Minister Dr. Prakash Sharan Mahat has announced the budget of Rs. 1751.31 billion for the upcoming Fiscal Year 2023/24. The budget presented in the join
Finance Minister Dr. Prakash Sharan Mahat is to present the budget of the coming fiscal year 2023/24 at the joint session of the Federal Parliament on Monday as per the constitutional provision to announce the estimates of government income and expenditure on Jestha 15 (end of May) every year.
Prime Minister Pushpa Kamal Dahal ‘Prachanda’ is undertaking his maiden foreign trip as the PM of Nepal with a 4-day visit to India from Wednesday, 31 May 2023.
Tuesday proved to be a very busy day for Hari Budha Magar, a ‘double-amputee above knees’, who returned to the Capital after conquering Sagarmatha wit
Nepal has urged the United States of America to continue with the Nepal Trade Preference Programme (NTPP), that allows duty-free entry of 77 items to the USA, beyond 2025 in order to support for its transition from the LDC graduation.
Nepal's private sector's contribution to the national economy is estimated at 81.55 per cent of the Gross Domestic Product (GDP), concluded a recent study 'The state of private sector: Contributions and constraints' jointly published by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the International Finance Corporation (IFC), a member of the World Bank Group.