‘Powerful’ govt misses expense and revenue targets in fiscal year 2017/18

The fiscal year 2017/18 has ended on Monday. Like in past years, the government has missed meeting expense and revenue targets this year too. As the current government holds a comfortable majority with the support of over two-thirds lawmakers, it had earlier claimed that it would be successful in achieving economic targets set for the
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Prime Minister KP Sharma Oli has directed ministry leaderships to ensure effective implementation of the annual budget statement for the new fiscal year that began today. At a discussion on policy and programme of fiscal year 2018/19 and action plan for budget implementation, PM noted, “We need to lay emphasis on productions for prosperous Nepal.
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Total Nepali youth including 14 from Khotang district, who had gone to Saudi Arabia for work, have been stranded there. They had gone to the Gulf country on February 13 but have been left in the lurch as they have neither got the work nor the pay as per the contract documents. It is said
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The Ministry of Labour, Employment and Social Security says the River Overseas Pvt Ltd, based in Battisputali of Kathmandu, has been the top recruitment agency of the country. The Department of Foreign Employment under the Ministry says the company sent 5,804 persons abroad including 5,142 men and 662 women during the fiscal year 2017/18. This
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Bhaktapur – The Bhaktapur Municipality has unveiled the budget of Rs 1.73 billion for the current fiscal year. The budget was endorsed by the third town assembly before this. Municipality mayor Sunil Prajapati presented the budget (Rs 1 billion 734 million) which has estimated income of Rs 9.9 million from the external sources and around
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Nabil Bank has set up 12 more branch offices in various rural municipalities across the country. The bank extended its branches at Pancheshwar rural municipality in Baitadi, Alital rural municipality in Dadeldhura, Bitthadchir rural municipality in Bajhang, Sayal rural municipality in Doti, Ramaroshan and Turmakhad rural municipalities in Achham, Pachaljharana and Palanta rural municipalities in
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A six-story building under construction collapsed onto an adjacent building east of the Indian capital, killing at least three people and trapping several others under the debris, police said on Wednesday. Chief Fire Officer Arun Kumar Singh said at least 12 workers were in the building at the time and are feared trapped under rubble,
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Heaps of waste materials carelessly thrown out in the Kathmandu streets since the past two weeks have increased pollution. Kathmandu Metropolitan City (KMC) has earlier said that it will take some more days to collect the garbage from the Valley, owing to packed Sisdole landfill site.  The garbage is not collected in the Valley for
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The plan to establish SAARC Handicraft Development Center in Kathmandu is likely to become true. Prime Minister KP Sharma Oli is scheduled to lay a foundation stone of the center on July 22. Aimed to develop and promote handicrafts of the South Asian Association for Regional Cooperation (SAARC), the Rs 270 million project funded by
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Flash flood triggered by incessant rains here last night inflicted damage on the Burtibang Bazaar, the center of Dhorpatan Municipality in Balgung. The flood from the local Thado River entered the settlement, causing physical losses. The floodwaters caused damage to 15 huts used for business purposes, destroying some of them completely. Four cemented building suffered
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