Category: Finance

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

Kathmandu: Deputy Prime Minister and Minister for Finance, Bishnu Prasad Paudel, has presented the Economic Survey for the current fiscal year before the House of Representatives. He presented the Survey before the today’s session of the lower house. The Survey projects that economic growth rate for the current fiscal year will be 4.61 percent. According… Continue reading Economic Survey projects 4.1 percent economic growth in current fiscal year

Kathmandu: The government has proposed a total budget of Rs 1.964 trillion for the upcoming fiscal year 2082/83. Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel presented the annual revenue and expenditure estimates during a joint session of the federal parliament on Thursday. Out of the total allocation, Rs 1.180 trillion (60.1%) has been… Continue reading Nepal govt unveils Rs 1.964 trillion budget for Fiscal Year 2082/83

Kathmandu: ICRA projects the full-year demand growth for FY2026 at 5.0-5.5%, lower than its expectation for the GDP growth for this fiscal (6.5%). This is owing to the early onset of the monsoon and expectations of an above average monsoon, which dampens the demand for cooling as well as demand from the agriculture segment. While… Continue reading ICRA: Power demand to rise 6–6.5% in 5 years, driven by EVs, data centres & green hydrogen

Kathmandu: The Nepali Congress (NC) has denied any involvement of Home Minister Ramesh Lekhak in the visit visa scandal. A meeting of both former and current office bearers of the party, held at the private residence of Party President Sher Bahadur Deuba in Budhanilkantha today, concluded that Minister Lekhak, who represents the party in the… Continue reading Home Minister denies involvement in visit visa scandal: NC

Kathmandu: Minister for Physical Infrastructure and Transport, Devendra Dahal, has announced that the flyover construction at Gwarko, Lalitpur, will be completed by mid-June. During his inspection of the project site this morning, Minister Dahal said that no further delays will be allowed in the completion of the construction work. He added that, barring any unforeseen… Continue reading Gwarko’s flyover will be readied for vehicular movement by mid- June: Minister Dahal

Kathmandu: Home Minister Ramesh Lekhak has said he will resign from his post and retire from politics if any corruption allegations against him are proven true. Speaking on Saturday, Lekhak responded to recent media reports linking him to a visit visa scam at Tribhuvan International Airport’s immigration office. “If even a single instance of financial… Continue reading Home Minister Lekhak vows to quit politics if corruption allegations proven

Kathmandu: The Supreme Court has upheld the decision of the Butwal bench of the High Court, Tulsipur, to keep Rastriya Swatantra Party (RSP) Chairperson Rabi Lamichhane in custody. A joint bench of Justices Dr. Nahkul Subedi and Bal Krishna Dhakal issued the ruling today following a hearing on a habeas corpus petition filed by Lamichhane’s… Continue reading Supreme Court upholds detention order against RSP Chair Rabi Lamichhane