Economy & Infrastructure

Government Sets New Salary Scales and 10% Monthly Incentive Allowance for Public Employees

Nepal’s government has approved new salary scales, grade amounts and a monthly incentive allowance equal to 10% of the applicable salary for civil servants, security ...

Government, Microfinance Protest Committee Reach Five-Point Agreement on Borrower Relief

Nepal’s Ministry of Finance and the committee campaigning against microfinance and financial exploitation have reached a five-point agreement covering borrower relief, loan recovery practices, blacklisting, ...

Nepal Introduces Taxpayer Incentive Scheme with Rs 1 Million Bumper Prize

The government has introduced a taxpayer incentive program offering cash prizes to consumers who obtain valid invoices for purchases, including a Rs 1 million bumper ...

Rs. 424 Billion Federal Transfers Set for Provinces and Local Governments

The Finance Ministry’s FY 2083/84 transfer book allocates Rs. 424.28 billion to provinces and local levels through equalization, conditional, special and matching grants. ...

1.706 Trillion Spending Authority Proposed Under Appropriation Bill 2083

The Appropriation Bill, 2083 authorizes federal spending for FY 2083/84 and sets rules for budget release, transfers, grants, project implementation and financial discipline. ...

Rs. 410 Billion Public Debt Plan Tabled to Finance FY 2083/84 Budget

The government has proposed a bill allowing it to raise up to Rs. 410 billion in public debt for implementing the FY 2083/84 budget. ...

Japan Adds Rs. 5.26 Billion Support for Nagdhunga Tunnel Project

Nepal and Japan have signed an additional concessional loan agreement worth about Rs. 5.26 billion for the Nagdhunga Tunnel Construction Project. ...

Audit Irregularity Clearance Reaches Rs. 39.6 Billion but 60% Target Remains a Challenge

The Beruju Clearance Monitoring Committee’s annual report says Rs. 39.60 billion in arrears was cleared or adjusted in FY 2081/82, while ministries were asked to ...

Nepal Unveils Rs. 2.12 Trillion Budget for FY 2083/84 Focused on Reform, Infrastructure and Digital Economy

Finance Minister Dr. Swarnim Wagle presented the budget statement for fiscal year 2083/84 at the joint meeting of the Federal Parliament. The government has announced ...

Infrastructure Ministry Relieves Office-Bearers of Engineering Council, Road Board and Railway Board

The Ministry of Physical Infrastructure and Transport has announced that 20 office-bearers of three public bodies under the ministry have been relieved of their posts ...

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Economy & Infrastructure

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