‘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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The Janakpur-Jainagar railway will come into operation from December this year, claims the government. The government has made an agreement with India to rent coaches to resume the operation of Nepal’s first railway project. A meeting held between officials of Nepal and India reached an agreement on Tuesday to rent the coaches for operation of
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Industrialists in Birgunj city of Parsa district say the new minimum wage recently fixed by the government to implement from the beginning of new fiscal year next week is too high and they cannot pay it. Few days after the Ministry of Labour, Employment and Social Security decided that a worker should be paid at least Rs
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Tibet Airlines received permission from the Civil Aviation Authority of Nepal (CAAN) for flight to Kathmandu from Chengdu, China immediately after application. But China has not showed such generosity toward the Nepali flag carrier. Nepal Airlines had applied to fly to Guangzhou immediately after bringing Airbus A-320 in 2014. It had even appointed staffers to
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Air service to the mountainous districts of Karnali from Nepalgunj has closed due to the incessant heavy rains. The flights to the various districts of the Karnali region from Nepalgunj have been affected due to the rain since Sunday evening. All flights remained halted on Monday, said Krishna Gautam, information officer at the Civil Aviation
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