Nepal's debt servicing nears annual public borrowing

Kathmandu, June 15 -- As Nepal's public debt obligations continue to rise, the government is increasingly finding itself in a position where it must borrow money to repay existing loans, with debt ser... Read More

Promoters step down to sell shares as loophole in lock-in rules fuels concern

Kathmandu, June 12 -- Some listed company promoters and directors in Nepal are increasingly resigning from their positions and selling shares, taking advantage of what experts describe as a legal loop... Read More

Why did finance minister revise tax rates after presenting Economic Bill to Parliament?

Kathmandu, June 10 -- Lawmakers have demanded a parliamentary probe into Finance Minister Swarnim Wagle after tax rates were revised multiple times through the Economic Bill. The controversy has raise... Read More

Finance Bill revised multiple times in days, drawing scrutiny over process

Kathmandu, June 3 -- The government has revised the Finance Bill multiple times within days of its initial publication, triggering questions over procedure and transparency in tax policymaking. The b... Read More

Nepal budget has no measures to mop up surging deposits, analysts say

Kathmandu, May 31 -- The country's banking system is awash with cash. More than Rs1.4 trillion that can potentially be lent to businesses and households remains parked in the financial institutions, e... Read More

Wagle set to unveil large deficit budget above fiscal ceiling

Kathmandu, May 29 -- Finance Minister Swarnim Wagle, who has consistently opposed oversized budgets, is set to present the new budget on Friday, exceeding the fiscal ceiling set by the National Resour... Read More

Nepal's rising budgets fail to translate into revenue, spending and growth gains

Kathmandu, May 28 -- Nepal's economy is coming under increasing strain from a widening gap between ambitious budget size, weak revenue collection and persistently low capital expenditure, with economi... Read More

High tax burden on people, state coffers remain in deficit

Kathmandu, May 26 -- Despite collecting more than one and a half dozen different taxes from people and businesses, the Nepal government continues to struggle with widening fiscal deficits and weak rev... Read More

Bhatta, Agrawal among 29 recommended for prosecution in Rs20 billion money laundering case

Kathmandu, May 22 -- Nepal's Department of Money Laundering Investigation has recommended prosecuting 29 individuals, including businessmen Deepak Bhatta and Sulav Agrawal, on charges of money launder... Read More

Nepal's working class is heavily taxed, but poorly served

Kathmandu, May 21 -- Nepal remains one of the poorest countries in South Asia in terms of per-capita income, with weak public services to show for it - yet its working class pays some of the highest t... Read More

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