Category: Finance

Kathmandu: Prime Minister and Nepali Congress President Sher Bahadur Deuba has said that those who say that the US aid project is treasonous have not read the agreement properly. Extending his message during the inauguration of the eighth general convention of the CPN (Maoist Center), Prime Minister Deuba said that MCC is not a traitor… Continue reading PM Deuba claims MCC is not against the country’s welfare

Kathmandu: In partnership with Nepal’s online payment service provider ‘Khalti’, Tilathi Koiladi Rural Municipality is providing agricultural meter tariff and household electricity tariff to about 4,500 farmer families in its area for using electronic equipment for irrigation and agricultural purposes. Located at the south-eastern part of Saptari District, Tilathi’s farmers used to be engaged in… Continue reading Tilathi Koiladi Rural Municipality to distribute financial grant to farmer jointly with Khalti digital wallet

Kathmandu: The Nepal Army has decided to provide concessional loans for the construction of houses to its employees who have served for at least 10 years. On Wednesday, Chief of Army Staff Prabhuram Sharma inaugurated the program at the Army Headquarters. So far, 20 people have applied for home loan under this facility and 7… Continue reading Nepal Army to provide home loans to army personale

Kathmandu: The Joint Trade Union Struggle Committee has objected to the addition of unnecessary employees in the contract of the Nepal Airlines Corporation (NAC), which is collapsing financially. The committee has objected that some people have been recruited in the passenger service department, operations department, general service and property management department in the corporation on… Continue reading Trade union warns NAC not to hire unnecessary staff

Kathmandu: The domestic demand for electricity has skyrocketed during the winter season . According to the Nepal Electricity Authority, the peak demand for electricity this year has increased by an average of 300 MW as compared to last year. Consumption is increasing on a daily basis due to the increase in the use of electric… Continue reading Electricity demand increases

Kathmandu: Minister for Energy, Water Resources and Irrigation Pampha Bhusal has appealed to all sectors to increase electricity consumption. Speaking at the inauguration ceremony of the Oxygen Plant constructed by Chhetrapati Hospital on Saturday she said that electricity is now sufficient to alleviate the crisis in the energy sector and urged all sectors to contribute… Continue reading Energy Minister Bhusal urges to increase electricity consumption

Kathmandu: As the capital (development) expenditure is becoming depressing, the Ministry of Finance has started discussions with the concerned ministries. Finance Minister Janardan Sharma on Friday called on the concerned development ministry ministers at the finance ministry to increase capital expenditure. On the occasion, Finance Minister Janardan Sharma urged the ministries to spend 30 percent… Continue reading Finance Minister directs all the ministries to make budget plan till Jan 14

Kathmandu: Remittance inflows decreased by 7.5 percent to Rs.312.42 billion in the review period against an increaseof 11.2 percent in the same period of the previous year. According to the Nepal Rastra Bank the number of Nepali workers (institutional and individual-new and legalized) taking approval for foreign employment increased significantly to 96,382 in the review… Continue reading Remittances declined by 7.5 percent

Dhading (Rashtriya Samachar Samiti): Three farmers in Dhading have been awarded with the President’s Best Farmer Award. The award was distributed by the Dhadingbesi Agricultural Knowledge Center on the occasion of the 41st World Food Day. According to Kamal Raj Sharma, Agriculture Development Officer at Krishi Knowledge Center, Dhading, the prizes were distributed to the… Continue reading Three farmers awarded with ‘President Best Farmer Award’

Kathmandu: Nepal has made significant strides in implementing fiscal federalism while key reforms are needed to support fiscal sustainability and Nepal’s transition towards green, resilient, and inclusive development states the World Bank’s Public Expenditure Review (PER) Report on Fiscal Policy for Sustainable Development launched today. With the country’s transition to federalism, expenditure responsibilities have been… Continue reading New World Bank Report Underlines Reforms to Support Fiscal Federalism, Green Growth in Nepal