Category: Finance

Kathmandu: A new round of trade negotiations between the United States and China began in central London as both sides seek to ease the ongoing trade war that threatens global economic growth, the BBC reports. A senior US delegation, including Commerce Secretary Howard Lutnick, met with Chinese officials such as Vice Premier He Lifeng at… Continue reading US-China trade talks in London amid ongoing tensions

Kathmandu: Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has said that Nepal is making notable progress in investment facilitation and the formalisation of its economy. Speaking at the 113th International Labour Conference in Geneva on Monday, Dhakal presented Nepal’s recent legal and policy reforms to a global… Continue reading FNCCI President highlights Nepal’s investment reforms at International Labour Conference

Kathmandu: Members of the National Assembly (NA) have drawn the attention of the government to reduce the global impact of climate change by announcing climate adaptation programmes, curbing corruption and implementing federalism. During the special session of the upper house of the Federal Parliament today, lawmakers stressed unity of democratic forces and citizens for the… Continue reading Lawmakers urge government to check ‘burgeoning’ corruption

Kathmandu: The government will take foreign loans amounting to Rs 215 billion in the upcoming fiscal year 2025/26, according to the Ministry of Finance. Out of the total foreign assistance commitment of Rs 232 billion from multilateral lending institutions, only Rs 16.92 billion will be in the form of grants, with the remainder comprising loans.… Continue reading Nepal govt to borrow Rs 215 billion from multilateral lenders

Kathmandu: The Commission for the Investigation of Abuse of Authority (CIAA) has today filed a charge sheet at the Special Court against 93 individuals including former Prime Minister Madhav Kumar Nepal regarding the land scam of Patanjali Yoga Peeth and Ayurveda Company Nepal. With the filing of the charge sheet against former Prime Minister Nepal,… Continue reading CIAA files cases against 93 people including former PM Nepal

Kathmandu: Talks between the government and transport entrepreneurs ended without agreement on Monday, with transport associations announcing that the strike will continue on Tuesday. According to participants in the negotiations, no consensus was reached on the first and most critical demand — the withdrawal of the ride-sharing bill introduced by the Gandaki Province government. Transport… Continue reading Transport strike to continue as talks with government fail

Kathmandu: The World Bank’s Board of Executive Directors approved two projects for Nepal on May 29 totaling $257 million aimed at enhancing electricity distribution services and improving irrigation services to boost agricultural productivity. The Electricity Supply Reliability Improvement Project ($120 million) will strengthen the electricity distribution network and enhance electricity supply to users in Koshi,… Continue reading World Bank pproves $257 million to improve electricity and irrigation services

Kathmandu: The government has announced a budget of Rs 1.964 trillion for the fiscal year 2082/83. Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel presented the revenue and expenditure estimates during a joint session of the federal parliament on Thursday. The budget outlines a range of policy reforms, economic reliefs, and infrastructure priorities, while… Continue reading Nepal’s budget for FY 2025/26, prioritizes economic reforms and infrastructure

Kathmandu: In a major policy shift, the government has increased the minimum age for receiving the elderly allowance from 68 to 70 years, reversing an earlier populist decision made ahead of the 2022 elections. Announcing the budget for Fiscal Year 2025/26 at the Joint Session of the Federal Parliament on Thursday, Deputy Prime Minister and… Continue reading Nepal govt raises elderly allowance age limit from 68 to 70

Kathmandu: The government has decided to increase the monthly dearness allowance to civil servants by Rs 3,000, now reaching Rs 5,000. It was announced by Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel while unveiling the budget for the fiscal year, 2025/026 today. He mentioned that pressure on resource management had hindered increasing salaries… Continue reading Rs 3,000 dearness allowance added per month to govt employees