Category: Finance

Govt aims to achieve 8 pc economic growth

Kathmandu: The government has set a target of 8 percent economy growth for the next fiscal year. Preseting budget for the upcoming fiscal year Finance Minister Janardan Sharma said that the government has expected 8 percent growth on economy in upcoming fiscal year. Meanwhile, inflation will be limited to 7 percent this fiscal year, said… Continue reading Govt aims to achieve 8 pc economic growth

Govt issue 1793.83 bn budget for upcoming fiscal year

Kathmandu: The government has issued a budget of Rs. 1793.83 billion for the coming Fiscal Year 2022/23. Finance Minister Janardan Sharma presented the budget in Parliament on Sunday. According to Finance Minister Sharma, Rs 753.40 billion has been allocated for recurrent expenditure and Rs 380.38 billion for capital expenditure in the upcoming fiscal year. The… Continue reading Govt issue 1793.83 bn budget for upcoming fiscal year

House of representative pass ‘Policy and Programme – 2022/23’

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Kathmandu: The policy and program presented at the House of Representatives in the Federal Parliament for the coming fiscal year has been passed by a majority. The policies and programs have already been passed by a majority in the National Assembly on Friday. As policies and programs have been passed by a majority in both… Continue reading House of representative pass ‘Policy and Programme – 2022/23’

India bans sugar export

Kathmandu: India has decided to ban sugar exports from its country with effect from June 1. The Directorate General of Foreign Trade of India has decided to ban the export of sugar and all its raw materials from June 1 to October 31 (four months). Following the deterioration of the international supply chain due to… Continue reading India bans sugar export

Govt hike public vehicle fare

File Photo New Bus Park at Gongabu awaits passengers. Photo Courtesy: Sujan Gurung, The Rising Nepal

Kathmandu: The government has again increased fares for public transport. The Department of Transportation Management issued a notice on Tuesday stating that the fare of passenger and freight vehicles of inter-province transportation has been increased. The government has decided to increase the vehicle fare after the Nepal Oil Corporation increased the price of fuel by… Continue reading Govt hike public vehicle fare

NEA signs MoU for Arun-4 Hydropower Project

Kathmandu: A memorandum of understanding has been signed between the Nepal Electricity Authority (NEA) and the Sutlej Hydropower Corporation of India for the construction of the Arun-4 Hydropower Project. NEA Executive Director Kulman Ghising and Sutlej Chairman and Managing Director Nanda Lal Sharma signed the MoU in Lumbini on Monday in the presence of Prime… Continue reading NEA signs MoU for Arun-4 Hydropower Project

NAC’s narrow-body aircraft to operate flights in Kathmandu-Bhairahawa-Kathmandu route

Photo Courtesy: Nepal Airlines Corporation

Kathmandu: Nepal Airlines Corporation will operate commercial flights from Kathmandu to Gautam Buddha International Airport, Bhairahawa on Monday. According to the airlines, the narrow-body aircraft will be flown on Monday to promote Gautam Buddha International Airport. The airline has fixed two types of ticket prices for Kathmandu-Bhairahawa route at Rs 4,510 and Rs 7,040 respectively.… Continue reading NAC’s narrow-body aircraft to operate flights in Kathmandu-Bhairahawa-Kathmandu route