High tax burden on people, state coffers remain in deficit
Ordinary Nepalis, burdened by rising living costs and shrinking incomes, complain they are paying increasingly high taxes while receiving poor public services in return.
Ordinary Nepalis, burdened by rising living costs and shrinking incomes, complain they are paying increasingly high taxes while receiving poor public services in return.
Investigators accuse prominent businessmen, including former FNCCI president Shekhar Golchha, of illegally diverting funds from listed companies, manipulating share prices and violating securities laws through coordinated stock market transactions.
Experts call for tax cuts and base expansion, and finance minister’s public statements suggest openness to reform.
FATF-linked delegation tells officials to speed up reforms as concerns grow over enforcement gaps, legal changes and limited results in key sectors.
Nearly Rs1.4 million returned to 378 depositors in the first phase as authorities prioritise savers with deposits of up to Rs10,000.
Bankers say arrest over collateral sale under loan recovery process has raised concerns over regulatory clarity and investor confidence.
Growth strategy focuses on governance overhaul, capital mobilisation, and digital economy expansion.
As the government prepares next fiscal year’s policy agenda and budget, economists and business leaders say restoring investor confidence will be critical to reviving private sector investment and easing dependence on public borrowing.
This has left several projects, particularly in the hydropower sector, unable to meet financial commitments.
A revolving fund will prioritise small depositors first, with larger claims settled in phases as loan recoveries progress.
Calls for broad structural reforms to improve growth and jobs. Economist says report is routine and superficial.
A revolving fund will be used to return small depositors’ savings.
Regulatory report names five accused and several facilitators in the alleged scam involving credit trading, price manipulation, and unsettled transactions.
New documents obtained by Kantipur linked to Sudan Gurung show previously undisclosed facts and raise new questions.
With banks flush with funds but credit demand subdued, mounting excess liquidity points to deeper signs of a liquidity trap in Nepal’s economy.