PPMO blacklists 23 construction companies for delays
The Public Procurement Monitoring Office (PPMO) took decisive action on Monday by blacklisting 23 construction companies for failing to complete...
Commercial banks witness profits by 29.92%
The net profits of Nepal’s commercial banks increased by 24.92 percent in the last fiscal year. According to the financial...
Nepal to contribute additional Rs 900 million to MCC
The Millennium Challenge Corporation (MCC) Compact that was signed between the Ministry of Finance of Nepal and the US Government...
Consumption of petroleum products goes down
The import of petroleum products has gone down during the last fiscal year 2022/23. According to a trade statistics of the...
Govt to import paddy and rice to avoid possible shortage
The government has decided to immediately import one million tons of paddy and 100,000 tons of rice from India. Gajendra...
India’s ban on rice exports fears global food crisis
India’s ban on rice exports has the potential to deal a major blow to the global food crisis. On July...
‘Govt to increase capital expenditure to boost economy’
Finance Minister Dr Prakash Sharan Mahat has said the government has been carrying out activities increasing capital expenditure to boost...
Govt doles out Rs 25 million in ‘financial aid’ in a month
The Government of Nepal has distributed Rs 24.49 million in a single month ( mid-June to mid-July) as 'financial aid'....
NRB refinancing flood-damaged hydropower projects
Nepal Rastra Bank (NRB) has taken a significant step to support the hydropower sector by offering refinancing for projects that...
Fin Committee proposes new initiatives on fertilizers
The Finance Committee of the House of Representatives (HoR) recently convened a meeting to address the pressing issue of fertilizers...
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