Samriddhi, The Prosperity Foundation

Rs. 404 billion 'full budget' focuses on polls

24 April, 2013

The Interim Election Government on Tuesday unveiled a ‘full adjusted budget’ of Rs 404.82 billion with particular focus on elections. It allocated a total of Rs 14 billion for election-related activities—Rs 6 billion for elections and Rs 8 billion for security purposes.

47th FNCCI AGM : Private sector demands passage of ‘crucial’ bills

24 April, 2013

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has urged the government to endorse crucial bills related to business and economy, saying doing so will help make the country’s investment climate better. It also reiterated its demand for common economic agenda from the political parties.

One-third budget in offing, eventually

10 July, 2012

With opposition parties including Nepali Congress and CPN-UML standing firm against a full budget, the caretaker government-led by Baburam Bhattarai is preparing to bring a partial budget for the fiscal year 2012/13.

Govt revises Investment Year schedule

08 June, 2012

The government has dropped its much-hyped plan to bring US$ 1 billion worth of foreign investment in the first six months of Investment Year 2012/13. Instead, it now says the first half of the next fiscal year will be ´preparatory period´ following which it will aim to bring in the targeted USD 1 billion foreign investment in the country.

Intellectual Property Day marked

27 April, 2012

Concerned stakeholders have expressed worry over the government´s inability to implement laws related to protecting the intellectual property rights (IPR) in the country.

Govt to provide collateral-free loan to women

12 March, 2012

Women who don´t have anything to pawn to get a bank loan and start a business should not worry too much now. The Ministry of Industry (MoI) is soon coming to their aid.

NOC starts probe on Biratnagar fuel theft

05 March, 2012

Nepal Oil Corporation (NOC) has recalled Basu Bhandari, chief of its Biratnagar Depot, to the head office to start investigation against him for alleged fuel theft.

India to open all forms of rail cargo with Nepal

04 March, 2012

After lingering for over two years, India finally consented to open all forms of railway cargo to facilitate Nepal´s trade with the southern neighbor and third countries.

Investment Board efforts to tap Japanese investment

29 February, 2012

Investment Board, an investment promotion arm of the government, has approached the Japanese government and investors hoping to attract investments in infrastructure development, mining and agro-businesses in the Investment Year 2012/13.

Banks can now sell up to 20 kg gold a day

26 February, 2012

Gold dealers, who have been decrying government control on the supply of the yellow metal to the market, will now receive 5 kg more gold daily than in the past.

Why blame private schools?

by Surath Giri | 22 May, 2013

Like an annual customary event, public grievances against private educational institutions in Nepal are currently making headlines once again as the new academic session has begun. Private schools have been accused of charging exorbitant fees, selling stationery and uniforms within the school premises to make profit and not providing adequate infrastructure.

Last Thursday with Kamala Shrestha

05 May, 2013

Having got an opportunity to accompany her husband to a tour of Thailand some 35 years ago, Mrs. Kamala Shrestha was quick to realize an opportunity to introduce a new professional sector back in the country, after a quick environmental scanning during her stay. Surmounting the ubiquitous family and societal restrains in a typical Nepali society, Kamala Shrestha pioneered the profession of a beautician, and through her continual perseverance, she has successfully established the profession as a main-stream stake in the national economy, thus proving herself as an exemplary self-made entrepreneur.

Missing the target

by Koshish Acharya | 22 May, 2013

National planning has, for a long time, been among the government’s favourite agendas. This can be traced back to the Rana period (before World War II) when the first 20-year plan was announced but nothing significant was achieved. Following that a 15-year plan implemented by the then Rana Prime Minister, Mohan Shamsher in 1949 for which a national planning committee was also formed.