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6.5% economic growth target set for FY 2021-22

KATHMANDU: Despite the pandemic continuing to hit country’s economy and business badly, the government has set optimistic economic growth target of 6.5 percent for 2021-22 fiscal year. Finance Minister Bishnu Prasad Poudel, through the budget speech for upcoming fiscal year, projected that country’s gross domestic product (GDP) would grow...

6.5% economic growth target set for FY 2021-22
Oli govt unveils budget of Rs 1.64 trillion for FY 2021-22, growth forecast set at 6.5% (full speech)

Oli govt unveils budget of Rs 1.64 trillion for FY 2021-22, growth forecast set at 6.5% (full speech)

Govt raises salary of civil servants by Rs 2,000

Govt raises salary of civil servants by Rs 2,000

Government allocates Rs 10.3 billion for the railways development

Government allocates Rs 10.3 billion for the railways development

Oli-led govt has scraps Local Infrastructure Development Partnership Programme

Oli-led govt has scraps Local Infrastructure Development Partnership Programme

Education sector allocated mammoth Rs 180.4 billion for FY 2021-22

Education sector allocated mammoth Rs 180.4 billion for FY 2021-22

Govt to set up 50 land banks

Govt to set up 50 land banks

Vehicles running on petroleum products to be replaced by electric vehicles by 2032

Vehicles running on petroleum products to be replaced by electric vehicles by 2032

Govt to encourage 10 of the world’s best electric vehicle manufacturing companies to invest Nepal

Govt to encourage 10 of the world’s best electric vehicle manufacturing companies to invest Nepal

Govt scraps Poverty Alleviation Fund

Govt scraps Poverty Alleviation Fund

Made in Nepal, Make in Nepal campaign to promote domestic goods

Made in Nepal, Make in Nepal campaign to promote domestic goods

10 days leave for government employees, incentives for private

10 days leave for government employees, incentives for private

Loan up to Rs. 2.5 million against security of educational certificate

Loan up to Rs. 2.5 million against security of educational certificate

Two-year loan at 1 percent interest to buy laptops for students

Two-year loan at 1 percent interest to buy laptops for students

Govt to contribute in social security fund on behalf of the public for Jestha, Ashad

Govt to contribute in social security fund on behalf of the public for Jestha, Ashad

33% increment in social security allowance, old-age allowance raised to Rs 4,000

33% increment in social security allowance, old-age allowance raised to Rs 4,000

Budget 2021-22: Rs 2.5 million seed money to new startup business at 1% interest

Budget 2021-22: Rs 2.5 million seed money to new startup business at 1% interest

FY 2021-2 Budget: Rs 26.75 billion allocated for Covid-19 vaccination

FY 2021-2 Budget: Rs 26.75 billion allocated for Covid-19 vaccination

Combating Covid-19, providing relief to pandemic affected people/sector in top priority: FinMin Poudel

Combating Covid-19, providing relief to pandemic affected people/sector in top priority: FinMin Poudel

President Bhandari issues three ordinances on budget 2021-22

President Bhandari issues three ordinances on budget 2021-22

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