The 'revenue model' in the local reserve fund management system has come into operation at the Office of the Comptroller General (OCG). Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel launched the model on Sunday.
A memorandum of understanding has been reached between Nepal and Malaysia to revise the bilateral labour agreement.
A total of 55,074 foreign tourists came to Nepal in the month of January 2023
Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel has said the preparation of budget for next year and the current budget expenditure depends on government’s capacity and needs.
The price of gold rose by Rs 500 per tola (11.66 grams) today compared to the previous day to be traded at Rs 106,300 per tola.
The government is working to advance the bill designed to make amendments to the Money Laundering Prevention Act.
The Ministry of Finance (MoF) has decided to cut off recurrent expenses as part of its austerity measure.
The Chamber has also asked the State mechanisms to end the policy hassles facing by entrepreneurs who want to do something in the country. The banks and financial institutions should also make the lending process service-oriented, the Chamber said.
Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel has instructed the Ministry secretaries to increase capital expenditure and reduce current expenditure.
Deputy Prime Minister and Minister for Finance Bishnu Prasad Poudel has said the government is ready for policy-level and legal reforms to further systematize the remittance inflow.
Minister for Industry, Commerce and Supplies, Damodar Bhandari, and Indian Ambassador to Nepal, Naveen Srivastava, held a meeting on Friday.
Deputy Prime Minister and Minister for Finance, Bishnu Prasad Poudel has urged the World Bank (WB) to increase budgetary assistance.
The government has forwarded different plans to minimize current expenditure while unveiling a “Guideline to Reduce Current Expenditure, 2022”.