Author: Himalaya Post

Economy on healthy track, Fin Min says

Minister for Finance Yuba Raj Khatiwada has said that the country’s economy was moving ahead on robust, straight and stable track. At a programme organized on the 53rd anniversary of Agricultural Development Bank in the capital city today, Khatiwada said that nation’s economy was on prideful state. Saying that country’s annual economic growth rate will be in between 6 to 8 per cent, the finance minister argued “The economy means always ups and downs; it does not always move in a straight way. The trend of economy is like that of geography.” He claimed that Nepal’s overall financial and banking system is the most robust system in South Asia. “The non-performing loan is unbelievably low. That’s welcoming,” he said. On the occasion, the finance minister also argued that the inflation rate of 6 per cent was not that much panicking. Rational interpretation of economy was needed and we can move on the positive side by holding discussions only after understanding the objective indicators of economy, he said. Also speaking at the programme, Deputy Governor of Nepal Rastra Bank (NRB) Chintamani Siwakoti asked the Agricultural Development Bank to focus its investment in agriculture, which has crucial contribution to the nation’s gross domestic products. On the occasion, Bank’s Chairman Chhetra Bahadur Sejuwal and Bank’s CEO Anil Kumar Upadhyay promised to make investment in the agriculture sector. The bank has been successful...

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Int’l conference in November to share reconstruction experience

The National Reconstruction Authority (NRA) has decided to hold an international conference coming November to share Nepal’s achievements and experience of reconstruction after the 2015 earthquake. The international conference organizing committee is chaired by NRA Chief Executive Officer, Sushil Gyawali. Even a five-member secretariat has been formed under the coordination of a member of NRA executive committee. Member secretary of the secretariat, who is also the Spokesperson of the NRA, Manohar Ghimire, said they had held workshops relating to the reconstructions of private houses, cultural and archaeological heritages, public building, livelihood and financial rehabilitation, institutional and financial management and rescue and relief distribution after the disaster. At the final workshop organized in the federal capital on Tuesday, NRA CEO Gyawali informed that NRA was holding the international conference to share its experiences, skills, documentation and weaknesses as well. Although the NRA Act has the provision of reconstruction fund, it was not implemented. If it was implemented, reconstruction drive could gain pace,” he...

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13 local levels face grants cut down for non-compliance

At least 13 local levels of Dhanusha district saw cut-down of grants for failing to comply with their obligations. The action has been taken against the local level for not depositing revenue, carrying out audit and conducting assembly meetings. Chief of Single Treasury Account of State-2 Janakpur Binod Gelal said action has been slapped against the local levels which did not adhere to the fiscal management act and disallow employees posted after adjustment for daily attendance. He informed that the local levels facing action are Janakpurdham sub-metropolis, Mithila municipality, Dhanushadham municipality, Mukhyapatti Musaraniya, Nagarain, Kamala, Bateswor, Aurahi, Janak Nandani, Ganeshman Charnath, Chhireswornath, Mithila Bihari and Hamsapur municipalities. Five local levels, namely Sabaila municipality, Shahidnagar municipality, Bideha municipality, Dhanauji municipality and Laxminiya rural municipality, however, have escaped the action. The state government has decided to provide grants to the local levels for complying with the stated obligations on part of local government, he added. There is a provision that the local level has to deposit 40 percent of its revenue to the state government treasury and keep 60 percent in its own. The local levels failing to send revenue to state treasury have to face cut-down of grants. Most of the local governments however have not submitted revenue to the province government. Chief Gelal said as directive was already circulated to all local levels, most of them are showing apathy...

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Narayangarh-Mugling road resumes operation

Traffic operation has resumed on the Narayangarh-Muglin road section after removal of debris brought out by dry landslide. According to the information provided by District Police Office, Chitwan, the dry landslide occurred at Ichhakamana rural municipality-6, Tuin rivulet on Tuesday evening. The road disrupted due to dry landslide at 9.30 pm on Tuesday has come to operation from 2.45 am this morning following the eviction of debris, informed Narayangarh-Muglin road project’s Information Officer Shiva Khanal. Two JVs and a loader were used to clear the decks from road section, he shared. The dry landslide occurred nearby the bridge number 3 over Tuin...

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Suffocation kills 8 Indian tourists in Daman resort

Eight Indian tourists died of suffocation at Panorama Resort at Thaha Municipality-4 in Makawanpur district. Deputy Superintendent of Police (DSP) of District Police Office, Makawanpur, Yagya Prasad Bhattarai suspected that the Indian tourists might have died due to suffocation caused from the room heater last night. The Area Police Office, Palung said the tourists had come to the resort on Monday evening from Pokhara. Details of the incident are...

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