Tag Archives: Nepali Economy

Budget focuses on economic revival, implementation challenging: Mahat

Finance Minister Dr Ram Sharan Mahat asserted that budget for the next fiscal year 2015-16 is focused on economic recovery and reconstruction but also accepted that full implementation is a challenging task. The fiscal policy will help economic recovery and

Budget draws mixed reactions

The budget has received mixed reaction from the political parties and business community Some political parties and entrepreneurs welcomed, whereas others critisised the Rs 819.47 billion budget presented by finance minister Dr Ram Sharan Mahat yesterday. Former finance minister and

Civil servants disappointed with budget

Government employees are disappointed as they did not get their perks hiked, according to their demand and government’s promise. They had demanded at least 10 per cent hike in their pay. Nepal Civil Servants Association president Punya Prasad Dhakal showed

Finance minister unveils post earthquake reconstruction budget of Rs 819.47 billion

Finance Minister Dr Ram Sharan Mahat today presented a post-disaster reconstruction budget of Rs 819.47 billion for the next fiscal year 2015-16. Presentation the budget at the Legislature Parliament, Mahat said that budget for the next fiscal year is 32.6

Lonely planet recommends trekking in Annapurna Region

World’s leading travel guide ‘Lonely Planet’ has included Annapurna Region in its list of ‘Best Places to Travel in October 2015’. Saying that one can gain some serious altitude in Nepal, Lonely Planet has suggested going trekking to Annapurna Region

Micromax launches new smartphone for Nepali customers

Micromax today launched a new smartphone – Micromax Bolt D303 – in domestic market. The Micromax Bolt D303 – equipped with the latest Android 4.4 Kitkat operating system powered by a 1.3 GHz dual–core processor – has 4-inch Captive WVGA

Government to present budget for next fiscal year on July 14

The government is going to present the budget for the next fiscal year 2015-16 on Tuesday. Finance secretary Suman Sharma confirmed that finance minister Dr Ram Sharan Mahat is presenting the budget for the next fiscal year in the Legislature-Parliament

Huawei launches its flagship brand P8 in Nepal

Huawei launched Huawei P8, the company’s flagship cell phone, in the market. The Chinese company today launched Huawei P8 Lite and TalkBand B2 in the market. The P8 will cost Rs 59,999, whereas P8 Lite and TalkBand B2 will cost

Himalayan Bank, Habib Bank each donate Rs 10 million

Himalayan Bank has provided Rs 10 million to Prime Minister’s Relief fund as a contribution of the bank to the victims of devastating earthquake of April 25. Likewise, the bank’s joint venture partner Habib Bank, Pakistan has also provided Rs

UCPN-Maoists seeks national budget

The UCPN-Maoist has called for a national budget, breaking the trend of traditional one, to address the issues of Nepali people as a whole. A Parliamentary Party meeting of the UCPN-Maoist held today morning deiced to ask the government to

UNICEF aids in scaling up interventions to combat risks of malnutrition

Two months after the first of two major earthquakes hit Nepal, UNICEF is supporting the Ministry of Health and partners to accelerate delivery of essential nutrition services to over 500,000 children and women in the 14 most affected districts through

WFP vows to continue support

After the parliamentary committee and government sought the explanation on a high UN official’s comment on Nepali media, the WFP came defensive today and said it would continue supporting the people of Nepal, even though it has been dragged into

Muraraka takes charge of FNCCI

Pashupati Murarka, who has been elected the 17th president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) unopposed from the special general meeting today, took charge of his post in the afternoon. “I will discharge my duty

UN rejects allegation of distributing substandard food in Nepal

The UN today rejected media reports that World Food Programme (WFP) has distributed substandard food to the survivors of devastating earthquake on April 25 and subsequent aftershocks. “It is totally wrong and nonsense to make allegations by the local media

Budget to focus on reconstruction: Finance minister Mahat

The government is focusing on reconstruction in the next fiscal year’s budget. The government is all set to prioritise economic dynamism, rehabilitation and reconstruction of quake-ravaged structures, promotion of good-governance, development of energy, and modernisation of agriculture sector in the

Former finance ministers suggest prioritising agro, job creation and rebuilding

Former finance ministers and lawmakers today suggested the incumbent finance minister Dr Ram Sharan Mahat to give more priority to agriculture sector, creating jobs for the youths and rebuilding of damaged infrastructures – caused by the devastating earthquake of April

Rana pulls out of race, Muraraka to become FNCCI president

Pashupati Murarka has been unanimously elected the president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI), though officially it will be declared tomorrow evening. Muraraka’s way to the top post of umbrella organisation of domestic private sector has

Nepal signs framework agreement of China-led AIIB

Nepal has become the founding member of Asian Infrastructure Investment Bank. Nepal, alongwith 50 countries across Asia, Australia, Europe and South America, signed article of agreement of the Asian Infrastructure Investment Bank in Beijing today. Though, some 57 governments have expressed