- Saturday, 25 April 2026
TRN Online
Budget cut likely to hamper project execution in Karnali Province
In the upcoming fiscal year, the Ministry of Land Management, Agriculture, and Cooperatives of Karnali Province faces scaling back its plans due to budget cuts. Following a reduction in the annual budget allocation, several planned initiatives are now slated for reduction. The Ministry of Agriculture's budget for the fiscal year 2024/25, presented by Minister of Economic Affairs and Planning Mahendra KC to the State Assembly last Saturday, has been set at Rs. 1.86 billion, marking a reduction of approximately 25 million rupees from the current fiscal year's allocation of Rs. 2.011 billion. The ministry, tasked with promoting the concept of an organic province, administers its budget through 33 offices and two directorates. However, the decreased budget size necessitates cuts across many programmes. Current programmes encompass land management, Guthi management, agricultural and animal development promotion, and cooperative initiatives. With the reduced budget, the ministry anticipates scaling down several smaller programmes, focusing on maintaining effectiveness in land and livestock management, while limiting the implementation of new agricultural and livestock development initiatives.
China keeps lending rate unchanged
China's central bank kept a key lending rate unchanged on Monday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world's No. 2 economy's manufacturing and real estate sectors. The central bank kept its rate for 1-year medium-term lending facility loans, used as a benchmark for other lending rates, at 2.5%. The decision aligned with expectations: instead of cutting already low interest rates Beijing has focused on channeling spending to areas considered to be high priorities such as high-tech industries. The government reported Monday that factory output fell 5.6% in May from the year before, slowing from 6.7% in April, though analysts noted some impact due to more work days in this year compared with the year before.
Tanker drivers resume fuel transportation
An agreement has been reached between the government and the protesting Nepal Petroleum Tanker Drivers Association to transport petroleum products. The agitating tanker drivers, who transport petroleum products, have suspended their protest after a decision was made to form a committee to study the demands of the agitating drivers in a discussion held with the Nepal Oil Corporation (NOC) at the Ministry of Industry, Commerce, and Supplies on Monday. The 4-point agreement between the Corporation and the NPTDA was signed by the managing director of NOC Dr. Chandika Prasad Bhatta and NPTDA President Ishwor Lama on behalf of their respective institutions.
WB Senior MD Trotsenberg calls on Finance Minister Pun
Senior Managing Director of the World Bank, Axel van Trotsenberg, met with Finance Minister Barshman Pun today at the Ministry of Finance in Singha Durbar.
President Paudel and his German counterpart discuss Nepal-Germany relations
President Ramchandra Paudel and German President Dr Frank Walter Steinmeier held a meeting at the Office of the President in Berlin, Germany.
Nepal initiated steps for economic reforms, PM tells WB's Senior MD Trotsenburg
The World Bank’s Senior Managing Director (MD), Axel van Trotsenburg, paid a courtesy call on Prime Minister Pushpa Kamal Dahal Prachanda at the latter's official residence in Baluwatar this evening.
One killed due to lightning
One person has died in Makwanpur today due to a lightning strike.
President Paudel observes fallen Berlin Wall
President Ramchandra Poudel today visited various historic sites including the fallen Berlin Wall in Germany today.
Petroleum Tanker Drivers Association agrees to withdraw protest
The Nepal Petroleum Tanker Drivers Association has decided to withdraw its protest, with the signing of a four-point agreement with the government.
Karnali collects only Rs 2.86 bln domestic revenue in 6 years
The Karnali province government has generated only three billion rupees as internal revenue in six years. In the five years since the formation of the provincial government and till the end of May of the current financial year, the internal income has been only Rs 2.86 billion.
Let us give emphasis on quality education: PM Prachanda
Prime Minister Pushpa Kamal Dahal 'Prachanda' has stressed the need to uplift the quality of education and management to create an environment wherein people will see their future within the country.
-original-thumb.jpg)
Possibility of excessive heat as monsoon is not yet active: DHM
The Department of Hydrology and Meteorology has said there is the possibility of excessive heat, as it is unlikely the monsoon will become active in the central and western parts of Terai until June 21.
NC demands immediate solution to halt in supply of petroleum products
The major opposition Nepali Congress has drawn the attention of the government on the issues of ongoing protest in petroleum products supplies.
Petro products supply affected due to tanker drivers' protest
Supplies of petroleum products in the Kathmandu Valley have been hampered due to the protest of the Nepal Petroleum Tanker Drivers Association. The Association has launched a strike, putting forth a seven-point demand.
Chinese origin citizen held with six kilos of gold
The Central Bureau of Investigation (CIB) of Nepal Police has arrested a citizen of Chinese origin along with six kilos of gold.
