New budget promises: Nepal’s startups ‘neither believe in nor expect help from govt’

On Saturday, Finance Minister Bishnu Paudel presented the annual budget plan for the next fiscal year 2021/22. Targeting emerging startups in the country, the Oli government made two important announcements this year: income tax waiver for the next five years, and up to Rs 2.5 million in the loan (seed capital loan) at a 1% interest rate using their business proposal as collateral.

सम्बन्धित सामग्री

New budget amid economic challenges

In developing countries, a high proportion of economic activity is controlled, directly or indirectly, by the government, where the political process determines the allocation of resources. However, in advanced countries, the budget is a mechanism by which taxpayers and their representatives control the financial activities of the government, distributing public power between different sectors and creating a system of checks and balances.

New budget amid economic challenges

In developing countries, a high proportion of economic activity is controlled, directly or indirectly, by the government, where the political process determines the allocation of resources. However, in advanced countries, the budget is a mechanism by which taxpayers and their representatives control the financial activities of the government, distributing public power between different sectors and creating a system of checks and balances.

'New budget will focus on infrastructure, education, employment'

Finance Minister Dr Prakash Sharan Mahat has said that the upcoming fiscal year's budget will focus on infrastructure development, skills generating education and employment creation.

New budget would take a milestone to increse capital expenditure

Dr Prakash Sharan Mahat has said that the new budget unveiled would be a milestone to address the issues.

New budget fails to impress opposition parties

KATHMANDU, May 29: The opposition parties have criticized the budget, arguing that it fails to solve the economic problems facing the country.

New budget fails to impress opposition parties

KATHMANDU, May 29: The opposition parties have criticized the budget, arguing that it fails to solve the economic problems facing the country.

New budget iPhone to be faster and more expensive

Apple on Tuesday unveiled a new version of its budget-priced iPhone that’s capable of connecting to ultrafast 5G wireless networks, an upgrade that’s already been available on the company’s upscale models for more than a year.

New budget allocates Rs 45.09 billion for agriculture

KATHMANDU, May 29: The budget 2021/22 has allocated Rs 45.09 billion for the agriculture sector. Of the amount, Rs 12 billion will be spent on the supply management of chemical fertilizers.

New budget

fter President Bidya Devi Bhandari dissolved Parliament and called snap elections, the new budget slated for 29 May will be passed via an ordinance. Despite the political changes, budget preparation and implementation will not be affected, says Finance Secretary Shishir Dhungana. Revenue collection and expenditure models will be outlined in the ordinance until representatives are elected […]

New budget won’t be brought through ordinance: PM Oli

KATHMANDU, May 16: Prime Minister KP Oli on Sunday said that the annual budget 2021/22 will be introduced through the due parliamentary process amid growing concerns if the new fiscal year’s budget will come through an ordinance.