Dilip Paudel

The contributor for Republica.
news@myrepublica.com

Govt falls short revenue target by Rs 300 billion

Published On: April 15, 2024 08:05 AM NPT By: Dilip Paudel

KATHMANDU, April 15: The government has not been able to collect revenue as per the target due to slowdown in economic activities, poor capital expenditure, revenue leakage, decrease in foreign trade etc. The inability to achieve the revenue target has set challenges for managing government expenditure, leading to increased reliance on  internal and external loans.

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NOC plans to set up chemical fertilizer factory to reduce import dependency

Published On: April 10, 2024 09:00 AM NPT By: Dilip Paudel

KATHMANDU, April 10: Cent percent chemical fertilizers in Nepal are imported from abroad. In this situation, Nepal Oil Corporation (NOC) has prepared to operate a chemical fertilizer factory in the country. Although there has been discussion about setting up a fertilizer factory for a long time, it has not been fulfilled.

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NAC struggles to secure concessional loan from int’l lenders

Published On: April 8, 2024 03:15 PM NPT By: Dilip Paudel

KATHMANDU, April 8: The Nepal Airlines Corporation (NAC) attempted to secure a 'soft loan' (concessional loan) of approximately Rs 135 billion from an international agency to manage its internal debt and acquire new aircraft, but it was unsuccessful in obtaining the loan. Due to the high interest costs associated with internal loans, the corporation pursued a soft loan; however, foreign entities did not express interest.

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National pride projects’ costs skyrocket by Rs 1,050 billion, putting strain on state economy

Published On: April 6, 2024 07:45 AM NPT By: Dilip Paudel

KATHMANDU, April 6: The cost of the projects of national pride has increased by over Rs 1,050 billion due to the non-completion of their construction within the stipulated timelines, imposing a financial burden on the state.

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Labor Minister Aryal implicated in cooperative fraud?

Published On: April 2, 2024 05:50 PM NPT By: Dilip Paudel

KATHMANDU, April 2: Amid accusations of misappropriating cooperative funds against Home Minister and Rastriya Swatantra Party (RSP) Chairman Rabi Lamichhane, another high-ranking member of the same party, Vice-Chairman Dol Prasad (DP) Aryal, is now entangled in a cooperative fraud scandal.

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India dilly-dallying to provide grants for petroleum pipeline projects

Published On: March 27, 2024 08:00 AM NPT By: Dilip Paudel

KATHMANDU, March 27: India has refused to provide a grant of about Rs 17 billion as per the agreement reached between the two countries to build two petroleum pipelines and a fuel storage facility in Nepal. The state-owned Indian Oil Corporation (IOC) is reluctant to proceed with the project with grants as per the agreement reached with India during Prime Minister Pushpa Kamal Dahal’s official visit in May last year.

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Youths increasingly attracted to startup ventures

Published On: March 16, 2024 08:55 AM NPT By: Dilip Paudel

KATHMANDU, March 16: While unemployment is increasing in the country, there is a growing interest in startups among the youth. Young people are drawn to startups as they can avail loans at concessional rates to initiate ventures.

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Govt extends deadlines for projects worth Rs 400 billion

Published On: March 7, 2024 05:20 PM NPT By: Dilip Paudel

KATHMANDU, March 7: After the government amended the Public Procurement Rules, the deadlines of the contractual projects worth Rs 400 billion will be extended. The government has approved the 13th amendment to the Public Procurement Rules, 2080, and has legally opened the way to extend the deadline for projects that contractors have not completed on time.

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Dairy industries struggle to sell milk products due to economic downturn

Published On: March 6, 2024 08:00 AM NPT By: Dilip Paudel

KATHMANDU, March 6: Dairy industries across the country are struggling to sell the milk produced by farmers as the consumption has decreased. The farmers’ representatives say that although they supply 3.1 million liters of milk to the market daily, dairy industries sell only 2.8 million liters of milk.

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Increase in cement exports raises hope in Nepal’s foreign trade

Published On: March 4, 2024 09:30 AM NPT By: Dilip Paudel

KATHMANDU, March 3: Cement exports have raised hopes in foreign trade due to the government’s implementation of effective policies, at a time when the country’s a significant trade deficit. The government’s encouragement of cement exports has resulted in a five-fold increase this year compared to the previous year.

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Govt amends Public Procurement Regulation to extend contract for over 1,000 projects

Published On: February 29, 2024 09:00 AM NPT By: Dilip Paudel

KATHMANDU, Feb 29: The government is preparing to extend the contracts of projects that have failed to complete the work on time. The government has approved the 13th amendment to the Public Procurement Regulation, 2080, and has legally opened the way to extend the deadline for projects that contractors have not completed on time. The government reportedly amended the regulations under pressure from construction entrepreneurs.

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All seven provincial governments fail to spend required budget

Published On: February 25, 2024 08:10 PM NPT By: Dilip Paudel

KATHMANDU, Feb 25: At a time when there are complaints that the provincial structure has only increased the burden of expenses for the country, questions have been raised on the capacity of the provincial governments to work. All the seven provincial governments have failed to spend their budgets. Not being able to spend the budget means not being able to work as needed, say experts.

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NC General Secretary Gagan Thapa commences 'Sambhad Yatra' from Jhapa

Published On: January 27, 2024 01:45 PM NPT By: Dilip Paudel

KATHMANDU, Jan 27: Nepali Congress (NC) General Secretary Gagan Thapa has started 'Sambhad Yatra' from Jhapa today. General Secretary Thapa started his journey from Mechi Customs in Jhapa at 8 AM today.

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Nepal's informal economy is 41 percent of GDP

Published On: January 27, 2024 08:30 AM NPT By: Dilip Paudel

KATHMANDU, Jan 26: The USA, which is the world's largest economy, has an 'informal economy' of 7.3 percent, while China, the second largest economy, has 12.7 percent. However, the average size of Nepal's informal economy is around 40 to 42 percent.

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NAC seeks Rs 135 billion loan at subsidized interest

Published On: January 24, 2024 05:45 PM NPT By: Dilip Paudel

KATHMANDU, Jan 24: The national flag-carrier Nepal Airlines Corporation (NAC) has started looking for new loans at subsidized interest rates to purchase new aircraft and to pay the debt of the aircraft currently in flight. On Tuesday, the NAC made a public announcement and demanded a loan amount of Rs 135 billion from domestic and foreign institutions.

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Adani Group shows interest in operations of int’l airports of Nepal

Published On: January 19, 2024 03:25 PM NPT By: Dilip Paudel

KATHMANDU, Jan 19: The Adani Group of Indian billionaire Gautam Adani became interested after the Civil Aviation Authority of Nepal (CAAN) started the process of operating and building four airports in Nepal under the Public Private Partnership (PPP) model.

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CAAN proposes operating, building int’l airports under PPP model

Published On: January 19, 2024 08:00 AM NPT By: Dilip Paudel

KATHMANDU, Jan 19: The Civil Aviation Authority of Nepal (CAAN), which has been accused of being unable to operate the Pokhara Regional International Airport (PRIA) and Gautam Buddha (Bhairawa) International Airport (GBIA) built with loans, has proposed allowing four airports to be run under the Public Private Partnership (PPP) model.

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Govt remains incapable of raising capital expenditure

Published On: January 15, 2024 09:45 PM NPT By: Dilip Paudel

KATHMANDU, Jan 15: Due to procedural complications and complexities, the government is seen as incapable of spending capital expenditure.

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Govt’s debt burden: Revenue collection falls short of covering recurrent expenditure

Published On: December 11, 2023 05:58 PM NPT By: Dilip Paudel

KATHMANDU, Dec 11: Since the revenue collection has fallen short of the target, the government finds itself compelled to secure loans simply to cover its day-to-day expenses. Reviewing the financial data spanning until December 9 in the current fiscal year of 2023/24 (roughly five months), it is evident that the Rs 86 billion collected in revenue thus far is inadequate to meet even the recurrent expenditures of the government.

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We caught 14 kg of gold after a week of surveillance: DoC Director General Poudel

Published On: December 8, 2023 08:41 AM NPT By: Dilip Paudel

KATHMANDU, Dec 8: Huge amount of gold smuggled through Tribhuvan International Airport has been successfully recovered. Approximately 14 kg of gold was seized on Thursday night.

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