Devchuli municipality of Nawalparasi (Bardaghat-Susta-East) has advanced its plan for constructing houses for the most disadvantaged families.
By Hemanta Joshi , Kathmandu, March 27 : The obligation of the Treasury Bills that the government is issuing to collect the internal debts is on the rise every year. The fiscal liability incurred from the Treasury Bills has sharply increased after its rollover as the government failed to pay back the principal amount. The government issues the Treasury Bills as the short-term bond to raise funds for the period less than a year. According to the Public Debt Management Office, the government's obligation for the internal debt is likely to exceed Rs 473 billion. Under Secretary at the Office Dilaram Giri said that the Office has sought Rs 100 billion from the government to pay back some percent of the total amount in the upcoming fiscal year. "We have asked to prioritize the clearance of the principal amount of the debt. The amount was sought to pay back the debt amount of the Treasury Bills by 25 per cent every year," he added. According to the Office, a total of Rs 337 billion has been sought from the government in the fiscal year 2080/081 BS for the fiscal management to repay both the internal and external debts' principal amount and interest. However, the government is not in a position to provide the amount as asked by the Office due to reduced amount of revenue collection. Assistant Spokesperson of Nepal Rastra Bank (NRB) Narayan Prasad Pokharel said that some 80 to 90 per cent of the Treasury Bills are rolled over so far. "The internal debt should be raised as targeted by the budget. But, the government can ask not to continue it if sufficient revenue was collected and other sources of budget were explored," Pokharel argued. From the payment of the Treasury Bills, the banks and financial institutions will have sufficient liquidity and that could contribute to lower the interest rate. However, the BFIs seem more focused on investing in the Treasury Bills. The NRB on Tuesday is issuing a Treasury Bills of Rs 22.10 billion to raise the internal loan and the maturity time for the amount ranges from 28 to 364 days. As per the Public Debt Management Office, the government's sovereign debt is Rs 2070.53 billion including Rs 968.1 billion internal debt. (RSS)
Prime Minister Pushpa Kamal Dahal 'Prachanda' has instructed the Ministry of Culture, Tourism and Civil Aviation to move ahead the process of getting an Act approved by the Parliament for the Nepal Academy for Tourism and Hotel Management.
According to the Ministry of Health and Population, 25 persons tested positive for the virus through 448 RT-PCR tests while 44 persons were found infected with the contagion through antigen test of 778 persons.
Deputy Prime Minister and Minister for Physical Infrastructure Narayankaji Shrestha has said that the government was preparing to issue the driving license within a week since the application is received for the same.
83% freed Haliyas still do not have the Haliya ID card, revealed the study, as a major hindrance to the rehabilitation of the victims of the slavery-like system.
A gang has cheated many people promising to send them to America in the guise of Bhutanese refugees.
The Koshi province government has decided to provide Rs 300,000 as compensation to the family of Lajehang Limbu (Padam Limbu). Limbu died in course of a protest launched against the naming of Koshi Province.
Speaker Devraj Ghimire has said Nepal could be developed as the destination for eye treatment.
Four Deputy Inspectors General (DIG) of Nepal Police have been recommended for promotion to the post of Additional Inspector General (AIG).
Due to a problem with drinking water a village in Khotang district became empty.
The government is launching free telemedicine services from March 29 targeting Nepali workers on foreign employment.
The Rastriya Prajatantra Party (RPP) has called meeting of its office-bearers.
A meeting of ruling alliance is scheduled for Tuesday. A meeting of top leaders of the ruling alliance parties held at the official residence of the Prime Minister at Baluwatar today agreed to summon the meeting of the ruling alliance on Tuesday at 4pm, said Manahari Timilsina, Press Expert of Prime Minister Pushpa Kamal Dahal 'Prachanda'.
President Ramchandra Paudel has said politics should be guided by service motive towards the society and people.