Prithivi Man Shrestha

Prithvi Man Shrestha is a political reporter for The Kathmandu Post, covering the governance-related issues including corruption and irregularities in the government machinery. Before joining The Kathmandu Post in 2009, he worked at nepalnews.com and Rising Nepal primarily covering the issues of political and economic affairs for three years.

Latest from Prithivi Man Shrestha

With new budget today, experts foresee a focus on employment and agriculture

Although most experts agree on the focus areas, they are divided on whether the size of the budget must be larger or smaller than in the previous years.

Nine govt agencies return nearly Rs5 billion for failing to spend budget

The Nepal Army which was allocated a handsome amount of Rs15.1 billion to speed up works related to Kathmandu-Nijgadh Fast-Track, has returned Rs2.83 billion through the Defence Ministry.

Out of cash, Nepali travellers seek help from banks

According to the Foreign Employment Board, at least 127,000 Nepali migrant workers are expected to return home from the Gulf and Malaysia after international travel restrictions are lifted.

Despite concerns about job losses, there is little demand for foreign exchange to be sent to Nepali students abroad

The central bank has allowed banks to provide one time foreign exchange facility upto $500 per student.

Returning migrant workers can be lured into profitable commercial agriculture, experts say

But, opportunities in other sectors should also be explored based on their skill sets as all migrant workers won’t be interested in agriculture, they say.

Hoteliers agree to pay their staff for Chaitra but yet to decide about coming months

Trade unions want government to enforce its decision on wages for workers.

Government and organisations at odds over distributing cash as relief

After the government prevented domestic and foreign non-government organisations from distributing relief in cash, they write a joint letter to draw its attention.

As the essential goods continue to flow inside country, Health Ministry issues safety protocal for officials and drivers dealing with import of goods

Drivers and their assistants need to self-declare they are free of Covid-19

Nepal stands to lose Rs145 billion in remittance this year

The expected drop has been attributed to the global economic slowdown triggered by the coronavirus outbreak as well as fall in oil prices, according to the World Bank.

Domestic and international NGOs start diverting funds towards anti-Covid 19 programmes

Social Welfare Council has allowed the non-governmental sector to procure medical equipment and run relief programmes.

Nepal seeks additional funding from donors as revenue shrinks amid Covid-19 crisis

Government is looking at funds between Rs69 billion and Rs104 billion, equivalent to 2 to 3 percent of the GDP, to bridge the resource gap, officials say.

Nepal among nations to receive debt relief from International Monetary Fund

Debt relief for six months will help Nepal channelise its financial resources towards vital emergency medical and other relief efforts.

Companies tell employees to work from home as virus fears take hold

Many factories close down after sending their workers home with paid leave.

Restaurants and bars in Thamel are looking at staff layoffs and ultimately, a shutdown

The Covid-19 pandemic has emptied Thamel of foreign visitors, who form the primary customer base for the tourist hub’s hundreds of restaurants and bars.

Nepal Rastra Bank unit issues a set of guidelines on suspicious transactions, defining what constitutes a suspicious transaction

The directives come at a time when Nepal is preparing for mutual evaluation this year with Asia Pacific Group on Money Laundering of its compliance with the global standards on anti-money laundering and terrorist financing.

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