As the world’s main reserve currency, the depreciation of the US dollar may lead to major structural changes in global trade and capital markets. If the depreciation accelerates, it may lead to broader instability. Lower interest rates may boost short-term GDP and slightly stimulate inflation, but if the US dollar depreciates too quickly, it may cause turmoil in global financial markets.
Prashant Oli, leader Kiran's nephew, informed that Kiran was shifted to general ward following improvement after over a fortnight long treatment in ICU of TU Teaching Hospital.
CPN (UML) lawmaker Bheem Prasad Acharya has said that revenue leakage could ironically help achieve the revenue collection target.
Lawmakers from the Rastriya Swatantra Party (RSP) and the Rastriya Prajatantra Party (RPP) have called attention of Speaker Devraj Ghimire not to run the House business amidst the protest by the oppositions.
Nepali Congress lawmaker and former Finance Minister Dr Prakash Sharan Mahat has stressed that fiscal discipline be guaranteed in the budget. Taking part in the general discussions on the Annual Estimates of Revenue and Expenditures (budget) for the upcoming fiscal year 2025-26 in the House of Representatives (HoR) on Sunday, the leader said the new budget is relatively balanced and meets the discipline criteria.
President Ramchandra Paudel has said that democracy will be strengthened if the civil service wins the heart of the citizens by delivering services in a smooth, easy, and effective manner. The president expects the civil servants to perform, keeping this reality in mind. Speaking as the Chief Guest at the Diamond Jubilee celebrations of the Public Service Commission (PSC) on Sunday, the President highlighted that if the permanent government bureaucracy embraces good governance through advanced technologies and skilled human resources, the federal democratic republic can better address citizens’ aspirations.
Prime Minister KP Sharma Oli has stated that the Public Service Commission (PSC) continues to win high public trust for maintaining impartiality. During his address to a programme held here on Sunday to mark the Diamond Jubilee of the PSC, the Prime Minister praised the PSC’s role in recruiting workforce for the civil service, security agencies, and other public institutions based on competence, impartiality, and fairness.
Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel has presented a proposal in the House of Representatives (HoR) seeking a general discussion on the Annual Estimates of Revenue and Expenditures for the upcoming fiscal year 2025-26. While presenting the proposal in Sunday's meeting of the HoR, he said tax has been removed to promote the production of organic and farm manure and encourage digital payments, and that the implementation of the budget will increase economic activities.
A person died today after he was struck by lightning at Garuda municipality-1 in Rautahat. Police have identified the deceased as local Siyaram Baniya, 65.
A one-day photo exhibition was organised in Kathmandu with the aim of preserving and promoting cultural heritage on Friday. The Chairman of 'The Locals Kathmandu', Prashan Manandhar, said that 92 photos, including the best from the Jatrai Jatra photo competition, were on exhibition.
Speaker Devraj Ghimire today held discussions with Acting Chair of the Rastriya Swatantra Party (RSP), Dol Prasad Aryal, and Chair of the Rastriya Prajatantra Party (RPP), Rajendra Lingden, seeking their cooperation to create an environment conducive to ending the ongoing obstructions in the House.
A helicopter crashed near the Kedarnath shrine in Uttarakhand amid poor visibility early Sunday, killing all seven on board. Rudraprayag District Disaster Management Officer Nandan Singh Rajwar told PTI that the accident took place above the forests of Gaurikund.
The Embassy of India in Kathmandu has assisted an ambulance to the Simkot Rural Municipality of Humla district.
The price of gold has been continuously going up in the international market since June 10.
Birendra Khadka, 27, of Jabang Dudilabot, Madi Rural Municipality-1, Rolpa, anBirendra Oli, 31, of Parivartan Rural Municipality-5, are making a good income from watermelon farming. The youth involved in watermelon farming on the banks of the Babai River in Ghusra, Ghorahi Sub-metropolitan City-7.