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Second inning of economic liberalization

Economic liberalization gathered pace in Nepal after the political change of 1990 even though it had started toward the end of Panchayat regime. It moved forward through initiation of a few young Nepali Congress (NC) leaders championing free market economy even though it was started through a limited entry of…

Need for taxpayer-friendly administration

There have been grievances that the revenue administration in Nepal is not taxpayer-friendly. The government has been operating a series of programs to reform the tax system after the political change of 1990, and announcements are made about reform in revenue administration in the annual budget every year. That the…

Caution in capital market

The share market of Nepal is very unstable. It rises suddenly to move on the record-breaking path at times and then plummets at others to create worries for the investors. Fluctuations in the market are not unique to Nepal and happen all over the world. But there are solid reasons…

Challenging economic management

The country’s economy has been dependent on remittance for the past few years. The income sent home by those working abroad is not just running their home but the whole country depends on that. The annual report for the fiscal year 2070/71 published Sunday by the Nepal Rastra Bank (NRB)…

Increased confidence about construction of tunnel way

Infrastructures like roads, bridges, irrigation and power projects, telecommunication, railway network, airports and others play an important role in prosperity of any country. The state of infrastructures in Nepal is among the weakest in South Asia. The state makes plans for development of big infrastructure projects and even proposes the…
Problem in PTA negotiation

The Nepali team of representatives will face problems to hold dialogue as the three main political parties have set limits for the power trade agreement (PTA) to be signed with India.

1,100 workers mobilized for Upper Marsyangdi A

Promoter Sino-Sagarmatha Hydropower Limited has mobilized a total of 1,100 workers to finish the 50-MW Upper Marsyangdi A Hydropower Project A in Lamjung district within the stipulated time of two years.

Canadian companies to lend Rs 27 b for tunnel way

Three Canadian financial institutions will provide loan of US$ 280 million (approx. Rs 27.26 billion) to promoter of the Kathmandu-Kulekhani-Hetauda Tunnel Way, Nepal Purbadhar Bikash Company Limited (NPBCL).

Grant of Rs 5 m per MW for Upper Karnali advised

The high level technical committee has recommended to provide a grant of Rs 5 million per MW for promoter of the Upper Karnali Project, GMR Energy Limited of India, in value-added tax…

Differences on tax discount, grant for hydroprojects

Top government officials and lawmakers are against giving discount on income tax and grant to promoters of export-oriented projects.