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Value of USD, Pound, Dinar up, Euro, AUD down

While the value of many currencies including USD, UK Pound, and Dinar have increased, that of Euro, AUD have decreased on Thursday. According to Nepal Rastra Bank, the buying price of 1 USD is Rs 133.06 and the selling price is Rs 133.66. The buy…

Budget is civic-friendly: FinMin Pun

Finance Minister Barsha Man Pun said the government has, through the budget for the upcoming fiscal year, initiated efforts for economic reforms of a new phase. In his address to a discussion on the budget for the fiscal year 2081-82 BS (2024-25)…

Govt targets to achieve 6 % economic growth rate in upcoming FY

The government has estimated an economic growth rate of 6 percent in the upcoming fiscal year and 5.5 percent of inflation. Unveiling the new budget for FY 2024/025 in the joint meeting of the federal parliament on Tuesday, Finance Minister Pun s…

Citroën to launch new variant EV for Nepali market

Shangrila Motors Private Limited, the authorized distributor of the Citroën brand in Nepal, is set to announce the upcoming launch of a new variant of Citroën's electric vehicle. This new addition to the lineup underscores the …

Nothing encouraging in Budget, says Nepali Congress

The main opposition Nepali Congress has said that the budget presented by the government for the next fiscal year 2081/82 does not have anything that would make the common people enthusiastic. In response to queries from journalists about the bud…

FY 2024/25 Budget: Govt to legalize marijuana for medicinal purpose

The government is to legalize marijuana cultivation and consumption for medicinal purpose. Presenting the government's budget estimates for coming fiscal year 2024/25 in the joint meeting of the parliament today, Finance Minister Barshaman Pu…

FY 2024/25 Budget:  567 billion rupees for PLGs

The federal government is to allocate 567 billion rupees to the provincial and local governments (PLGs) in the coming financial year 2024/25. This will be made through fiscal transfer and revenue sharing from the federal budget. According to the …

Govt unveils Rs 1.86 trillion budget for FY 2081/82 (full text)

The government has presented the budget amounting to Rs 1 trillion 860 billion for the fiscal year (FY) 2081/82 BS. Presenting the budget in the joint meeting of the House of Representative and the National Assembly in the Federal Parliament buil…

Rs 8.39 bln allocated for mid-day meal

The government has allocated Rs 8.39 billion for the mid-day meal program. Presenting the budget for the fiscal year 2081-82 BS in the Federal Parliament building on Tuesday, Finance Minister Barshaman Pun said Rs 8.39 billion has been allocated …

Govt allocates Rs 50.74 bln for energy sector; 900 MW to be generated

The government has allocated Rs 50 billion 740 million for the energy sector in the fiscal year 2081/082 BS. Presenting the fiscal budget in the joint meeting of the Federal Parliament in New Baneshwar on Tuesday, Finance Minister Pun said Rs 50 …