Business

15 June, Kathmandu. The government is announcing the budget for the next financial year on Monday, reducing the estimate of both the total budget and revenue collection compared to the current financial year. This year a budget of 17 trillion 93 billion has been brought and next year there is a preparation to reduce it … Read more

14 June, Kathmandu. Most of the institutions in the service sector of government investment seem to be profitable. According to the Annual Status Review Report 2080 of Public Institutions, 6 out of 9 institutions in this sector are in profit, while only three are in loss. Loss-making companies include Nepal Airlines Corporation, National Productivity and … Read more

14 June, Kathmandu. In the current financial year (FY) 2079/80, the government is going to increase domestic debt by 23 billion rupees more than the budget target. This year, the government has set a target of raising 2 trillion 40 billion rupees in household debt, but hopes to raise 2 trillion 63 billion rupees by … Read more

14 June, Kathmandu. Government has invested billions of rupees in public institutions not only to serve the people but also to earn profit. However, the profit earned by the government from those institutions is almost nil, only 0.25 per cent. By the fiscal year 2078/79, the government has already invested 6 trillion 18 billion 16 … Read more

June 14, Butwal. The first Lumbini cable car of Lumbini province, built under the leadership of IME Group, has announced a 45 percent discount to the local people. The cable car, which has a lower station in Butwal sub-metropolitan city-3 and an upper station in Palapa’s Tinau rural municipality-3 Basantpur, has offered residents of both … Read more

14 June, Kathmandu. Rising non-performing loans in banks and financial institutions are putting pressure on financial stability. The Economic Survey 2079/80, released by the Ministry of Finance on Sunday to coincide with the beginning of the current fiscal year 2079/80, noted that the state of financial stability indicators is relatively weak. Non-performing loans of banks … Read more

file picture 14 June, Kathmandu. Many people who have reached the Markhu area of ​​Makwanpur have expressed concern that the reservoir of the Kulekhani hydroelectric project has dried up badly. However, the way the water has dried up in the Kulkhani reservoir, the beautiful Indrasarobar lake has started to look ugly. Local residents and tourists … Read more

14 June, Kathmandu. The total financial resources and utilization of insurance business has reached 7 trillion 13 billion 47 crore. On Sunday, the government released the Economic Survey 2079/80 and said that by February 2079, the resources and utilization of insurers doing life insurance business reached 6 trillion 23 billion 89 million and those of … Read more