As of mid-June 2024, Nepal’s public debt has increased to Rs 2.434 trillion, representing 42.08 percent of the country’s GDP. This is a significant rise from mid-July 2023, when the debt was Rs 2.299 trillion, accounting for 40 percent of the GDP. The National Statistics Office projects that the country’s GDP will reach Rs 5.748… Continue reading Nepal’s Public Debt Reaches 42.08% of GDP: Government Aims for Reduction by 2029
Category: Nepali Market News
Nepal’s Deputy PM Narayan Kaji Shrestha Urges Diplomats to Boost Exports, Tourism, and Investment
Deputy Prime Minister and Minister for Foreign Affairs, Narayan Kaji Shrestha, has urged Nepal’s diplomatic missions abroad to expand exports proactively, promote tourism, and manage foreign employment. On Thursday, Shrestha addressed Nepal’s Ambassadors and Mission Chiefs virtually, highlighting the government’s focus on economic diplomacy. Shrestha emphasized the need for Nepali Ambassadors to prioritize the welfare… Continue reading Nepal’s Deputy PM Narayan Kaji Shrestha Urges Diplomats to Boost Exports, Tourism, and Investment
Municipal Budgets for 2081/82: Lalitpur, Bharatpur, Bhaktapur, and Nepalgunj
The Municipal Budgets for 2081/82 of Lalitpur Metropolitan City, Bharatpur Metropolitan City, Bhaktapur Municipality, and Nepalgunj Sub-Metropolitan City are given below: Lalitpur Metropolitan City Lalitpur has set its budget at Rs 7.46 billion, an increase of Rs 960 million from the previous fiscal year. The budget includes: Development Projects: Rs 4.67 billion Recurrent Expenditure: Rs 2.78… Continue reading Municipal Budgets for 2081/82: Lalitpur, Bharatpur, Bhaktapur, and Nepalgunj
Kathmandu Metropolitan City Announces Rs 25.70 Billion Budget for FY 2081/82
A budget of Rs 25.70 billion has been announced by the Kathmandu Metropolitan City (KMC) for the fiscal year 2081–2082. At the 15th municipal assembly meeting, Deputy Mayor Sunita Dangol presented the budget, which was reduced by Rs 170 million from the year before. The budget allocation is as follows: Infrastructure Development: Rs 14.81 billion… Continue reading Kathmandu Metropolitan City Announces Rs 25.70 Billion Budget for FY 2081/82
Finance Minister Addresses Share Market Concerns; New Monetary Policy in Development
Members of the House of Representatives recently talked about Nepal’s share market. They are worried that there is not enough funding for market projects in the 2081–2082 budget. The government has not taken action, and investors’ money is stuck. Aspect Details Finance Minister Barshaman Pun Fiscal Year 2081/2082 Main Concern Lack of provisions in the… Continue reading Finance Minister Addresses Share Market Concerns; New Monetary Policy in Development
IRD Reports 11.3% Increase in Revenue Collection by June 14 of the Current Fiscal Year
The Inland Revenue Department (IRD) has reported significant growth in revenue collection over the past few months. By June 14 of the current fiscal year, revenue collection had reached Rs 41.19 billion, increased by 11.30 percent from Rs 37 billion during the same period last fiscal year. The IRD collected Rs 448 billion in the… Continue reading IRD Reports 11.3% Increase in Revenue Collection by June 14 of the Current Fiscal Year
Revenue from Mechi Customs Office Hits Rs 12.93 Billion with Increased Exports
The Mechi Customs Office in Kakadbhitta has collected more than Rs 12.93 billion in revenue over the first 11 months of this fiscal year, reaching 77.57% of its target with one month remaining. Aspect Details Revenue Collection Rs 12.93 billion Target Achievement 77.57% Import Decrease 3.61% Export Increase 10.76% Import Value Rs 40.79 billion Export… Continue reading Revenue from Mechi Customs Office Hits Rs 12.93 Billion with Increased Exports
Integration Begins: Nepal Clearing House Acquires Nepal Electronic Payment Systems
Nepal Clearing House Limited (NCHL) has officially completed the acquisition of Nepal Electronic Payment Systems Limited, following an agreement signed on Chaitra 22, 2080. The merger, approved by Nepal Rastra Bank and the Company Registrar, will see integrated operations commenced under the name “Nepal Clearing House Limited” from Jestha 21, 2081. Key Points: Nepal Clearing… Continue reading Integration Begins: Nepal Clearing House Acquires Nepal Electronic Payment Systems
Nepal Unveils 18 Trillion Rupee Budget for Fiscal Year 2081/82
The government of Nepal has introduced a fiscal year 2081/82 budget of 18 trillion 60 billion 30 million rupees. Announced by Finance Minister Barshman Pun during a parliamentary session, this budget marks a notable increase from previous years. Compared to the current fiscal year, the budget has grown by 6.2%, showing a 21.56% increase from… Continue reading Nepal Unveils 18 Trillion Rupee Budget for Fiscal Year 2081/82
Nabil Investment Banking Limited Publishes 2081 NAV Report for Nabil Balanced Fund 2
Nabil Balanced Fund 2, operated under Nabil Mutual Fund, is governed by the Securities Act, of 2063 and the Collective Investment Fund Regulations, of 2067. This fund operates on a 10-year plan, spanning from 2076/02/17 to 2086/02/16. It received its operation permit from the Nepal Securities Board on 12/10/2075. NAV Report: The fund’s unadjusted 2081… Continue reading Nabil Investment Banking Limited Publishes 2081 NAV Report for Nabil Balanced Fund 2