More than halfway through FY 2082/83 BS, provincial governments have spent only 14.16 percent of their combined Rs 287.7 billion budget, according to the Finance Ministry’s mid-term report. Recurrent spending reached 21.43 percent, while capital expenditure lagged at 9.33 percent, with no spending in financial management. Madhesh recorded the lowest capital spending, while Lumbini performed best. Bagmati showed relatively better progress, whereas Madhesh had the weakest overall expenditure.
Nepal’s stock market rebounded on Tuesday after falling for two consecutive sessions, with the NEPSE index rising 11.96 points to close at 2,578.73. Most subgroups posted gains, while...
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Ticket booking for passengers travelling to their hometowns for this year’s Dashain festival will open on October 9. A meeting held between the Federation of Nepalese National Transport...
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The Nepal Electricity Authority (NEA) has extended the Required Commercial Operation Date (RCOD) of 27 hydropower projects with a combined capacity of 540.47 MW, providing additional time to...
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Nepal Rastra Bank (NRB) has invited global tenders for the design, minting and transportation of coins in denominations of Re 1 and Rs 2. The Currency Management Department...
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Nepal imported more than 106 million kilograms of paddy and rice worth Rs 5.61 billion during the first two months of the current fiscal year, according to the...
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