Govt doesn’t have fiscal space to launch supplementary budget

Rs 102.5 used to fetch a US dollar. Since then, the value of Nepali rupee has slumped by over 12 per cent. Today, one needs to fork out over Rs 115 to buy each dollar. Rampant devaluation of rupee is not a good sign for an import-dependent country like Nepal, which spends more than Rs
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Nepal needs about Rs. 600 billion to complete the remaining work of post-quake reconstruction, according to the estimates of the National Reconstruction Authority (NRA). “Approximately, Rs. 336 billion will be spent in the reconstruction of the physical structures damaged in the devastating Gorkha Earthquake in 2015 by the end of the current fiscal year 2018/19,”
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THT ONLINE Specimen of National Identity Card of Nepal with personal and bio data storage capability, to be distributed in near future, as pictured on Saturday, November 25, 2017. Photo: RSS   Source- The Himalayan Times

In the earthquake of April 25, 2015 a beautiful structure that is iconic historically and culturally was damaged — Rani Pokhari, which literally translated means ‘Queen’s Pond’, that nestles in the heart of the Capital, Ratnapark. Balgopaleshwor Temple (also known as Yamaleshwor or Jamaleshwor Mahadev), that stands in the middle of the pond, was also
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Locals staged a demonstration in Kanchanpur today seeking justice for Nirmala Panta, who was raped and murdered on July 26 in Bhimdatta Municipality. Civil Society Dhangadhi initiated the rally and hundreds of people joined the rally demanding justice for the 13-year-old Nirmala. The protest rally started from Chauraha and passed through various places before convening
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Citing the lack of business viability and electricity market, the Chinese government has refused to build the Galchhi-Kyirong 400 kVA cross-border transmission line solely through grant from China. This message was conveyed last week when a team of five officials from Nepal Electricity Authority (NEA) led by Bajra Bhusan Chaudhary, head of the Transmission Line
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The Parliamentary Hearing Committee (PHC) today has unanimously endorsed Om Prakash Mishra for his appointment as new chief justice (CJ) of the Supreme Court (SC). The Committee conducted hearings on complaints filed against Mishra before giving its approval to appoint him as the CJ, according to Committee Coordinator, Rastriya Janata Party-Nepal lawmaker Laxman Lal Karna
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Six people including the pilot died when Altitude Air helicopter crashed at Mailung Pakha in Meghang Rural Municipality, Nuwakot district, on Saturday morning. The missing helicopter with seven people on board was found crashed in a gorge near Mailung Pakha later in the afternoon. The chopper went missing while returning to Kathmandu from Samagaun in
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Prime Minister KP Sharma Oli has reiterated the government’s commitment to ending poverty in the next five years. In his address to the AGM of Oli Clan Revolving Fund and the prize distribution ceremony held today at the Prime Minister’s official residence, Baluwatar, the PM viewed that Nepalis were pushed into poverty due to weaknesses
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Hindus in the country are collecting kush, a holy grass used while performing various holy rituals as Shraddha [holy rituals remembering the departed ancestors] and religious rituals, across the country today. There is a religious belief that keeping kush cut by priests and anointed with sacred verses or mantras in the house brings wellbeing to
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