KATHMANDU, March 20: The federal government is now mulling to stop fiscal transfers to local levels in lump sum in the next fiscal year to cope with the crunch of spendable amount in the government treasury.
KATHMANDU, Feb 20: Hospitals providing cancer treatment have received more patients in recent years. Another indication of the rising incidence of cancer here is the fact that an Indian pharmaceuticals company has entered the country to build a cancer drug plant in Bhaktapur to cash in on the demand.
In Nepal, half a dozen contractors exercise monopoly over construction contracts. The cartel holds sway over entire construction administration and political sector. They huddle together before bidding for large infrastructure projects. A report by Public Procurement Monitoring Office under Prime Minister's Office has exposed their workings.
KATHAMNDU, Jan 6: Utilizing resources to optimum capacity is the rule of thumb while fixing the installed capacity of any hydropower plant. But fixing such capacity for Tamakoshi-3 Hydropower Project has caused controversy.
KATHMANDU, Jan 2: Then prime minister Pushpa Kamal Dahal decided to award limestone mines to Dangote Cement Nepal Pvt Ltd on January 8 last year. The decision taken at a meeting of the Investment Board Nepal (IBN), was passed on to the Department of Mines and Geology for implementation. But the Nigerian conglomerate with cement plants in 14 countries was not assigned the mines for setting up its plant that would employ over 1,000 people.
KATHMANDU, Dec 25: In the last fiscal year 2016/17, the government spent Rs 204 billion in capital expenditure injected in infrastructure projects, purchasing machinery and equipment for capital formation.
KATHMANDU, Dec 21: The multi-dimensional poverty index, which counts deprivation under indicators including sanitation, drinking water, education and health, has halved in 8 years, according to the latest Multidimensional Poverty Index (MPI) report released by the National Planning Commission on Wednesday.
KATHMANDU, Dec 15: Laxman Parajuli, a vegetable farmer of Mandan-Deupur Municipality of Kavre sends his produce, mostly tomatoes, to Kalimati market every alternate day. But he does not how much his produce fetches as traders themselves fix the price. When Parajuli called the trader over the phone the next day, he found out his tomatoes will fetch him Rs 1,400 to Rs 1,500 per crate (25 kg).
KATHMANDU, Dec 13: Expenditures for the two houses of parliament and the provincial assemblies will be at least three times that of the previous constituent assembly-turned parliament. The annual expenditure of the 601-member parliament was around Rs 1.40 billion, and this expenditure will now soar to Rs 4.25 billion, according to a study of all legislatures and their secretariats prepared in July by the parliament secretariat.
KATHMANDU, Dec 10: In what can be termed a landmark achievement in the country's hydroposer sector, Independent Power Producers (IPPs) are now at the same level with the Nepal Electricity Authority (NEA) in terms of installed capacity of hydrpower projects.
KATHMANDU, Nov 30: The government piled pressure on project managers to publish tender notices for 12 various road projects worth Rs 10 billion as part of the postal highway scheme just a month before the local level elections in Province 2 on September 18.
KATHMANDU, Nov 30: Alarmed by indicators such as whopping growth imports, slowdown in remittance growth, and downward trend of revenue collection on several products, the government’s chief revenue officer fears that the country is on the verge of financial crisis.
KATHMANDU, Nov 28: Contractors handling small road projects in several towns and rural areas are yet to receive payments for works completed in the last fiscal year. Some have not received payments for multi-year projects completed in the current fiscal year.