Tag: (2080/81)

  • “Nepal Rastra Bank to Publicize Monetary Policy for Fiscal Year 2080-81, Governor’s Return Coincides with Announcement”

    “Nepal Rastra Bank to Publicize Monetary Policy for Fiscal Year 2080-81, Governor’s Return Coincides with Announcement”


    The Nepal Rastra Bank (NRB) is preparing to announce the monetary policy for the ongoing fiscal year 2080-81, which is expected to be publicized by the end of the first week of Shrawan. Narayan Prasad Pokhrel, the Deputy Spokesperson and Information Officer of NRB, revealed in a phone conversation with Sharesansar that the central bank has devised internal procedures to ensure the monetary policy is made public by Shrawan 07, which falls on the upcoming Sunday.

    Narayan Prasad Pokhrel stated, “The internal procedures of the Nepal Rastra Bank have been designed in a way that allows for the monetary policy to be publicized by Shrawan 07.” This indicates that the necessary steps and protocols have been put in place within the central bank to ensure the timely release of the monetary policy.

    In related news, Governor Maha Prasad Adhikari of NRB is expected to return to Nepal from his foreign trip on Wednesday. Previously, there were reports that a delegation of 28 members, led by the governor himself, would be traveling to Canada. The purpose of this trip was to engage in discussions with the assessment team of the Financial Action Task Force (FATF) in order to prevent Nepal from being placed on the “grey list” for money laundering.

    The announcement of the monetary policy by the NRB is an important event that will have implications for the fiscal year 2080-81 in Nepal. It is expected that Governor Maha Prasad Adhikari’s return from his foreign trip will coincide with the release of the monetary policy, indicating that the central bank is actively addressing both domestic and international financial matters.

  • Nepal Rastra Bank Begins Preparations for Fiscal Year 2080-81 Monetary Policy to Boost Economy

    Nepal Rastra Bank Begins Preparations for Fiscal Year 2080-81 Monetary Policy to Boost Economy


    The Nepal Rastra Bank (NRB) has initiated the process of formulating the monetary policy for the upcoming fiscal year 2080-81. In line with the financial budget announcement for the same fiscal year, the central bank has commenced its work on preparing the monetary policy.

    To gather input and recommendations for the monetary policy formulation, the NRB has started accepting suggestions until Ashad 10 at the Department of Economic Research. This step reflects the bank’s intention to incorporate various perspectives and expertise into the policy-making process.

    The recently unveiled budget, presented on Jestha 15, sets a target of achieving a six percent economic growth rate. In order to support the government’s goal, the central bank plays a crucial role by crafting an appropriate monetary policy that provides the necessary support and measures.

    It has been revealed that the NRB plans to unveil the finalized monetary policy during the first week of Shrawan, 2080. The policy is anticipated to address the current economic challenges faced by the Nepali economy, which has been grappling with a recession. A flexible and adaptive monetary policy is expected to be designed to effectively tackle the prevailing economic issues and stimulate growth.

  • Nepal’s Budget 2023-24 (2080/81) : Key Highlights and Allocations

    Nepal’s Budget 2023-24 (2080/81) : Key Highlights and Allocations


    Finance Minister Prakash Sharan Mahat has unveiled the budget estimates for Nepal’s fiscal year 2023-24, outlining significant allocations and priorities across sectors. This article provides a comprehensive overview of the budget, highlighting key sectors such as agriculture, education, infrastructure, and social welfare. Read on to discover the key highlights of Nepal’s budget for the upcoming year.

    Agriculture and Livestock Development:

    The Ministry of Agriculture and Livestock Development has received a budget allocation of Rs58.98 billion, reflecting a notable increase of Rs3.01 billion compared to the previous fiscal year. Emphasizing the importance of local production, the government has allocated Rs30 billion for subsidizing chemical fertilizers to farmers.

    Information Technology and Foreign Investment:

    In a bid to attract foreign investment, the government has eliminated the limit on foreign investment in the information technology industry. Minister Mahat announced plans to create a favorable environment for foreign investment in this sector, fostering growth and innovation.

    Education and Infrastructure:

    The budget for the Ministry of Education, Science, and Technology has been increased to Rs197 billion, demonstrating the government’s commitment to enhancing the education sector. Additionally, the government plans to construct one model residential community school in Dhankuta, Bardibas, Tansen, Surkhet, and Dadeldhura, adopting the successful operational modality of renowned schools in Kathmandu and Pokhara.

    Infrastructure Development and Sports:

    The Local Infrastructure Development Partnership Programme, also known as the Constituency Development Fund, has been allocated a budget of Rs8.25 billion. Moreover, the government has announced plans to develop the Tribhuvan University Cricket Ground into an international-level cricket facility. Furthermore, four additional stadiums will be constructed in different regions of the country.

    Social Welfare and Health:

    The government intends to continue the midday meal program in public schools, ensuring nutritious meals for students while eliminating junk food options. The budget includes Rs8.45 billion for midday meals, benefiting approximately 3.2 million students. Additionally, Rs1.42 billion has been allocated for providing free sanitary pads to girl students.

    The Ministry of Health and Population has received a significant budget increase of Rs14 billion, with a total allocation of Rs83.99 billion for the fiscal year 2023-24. This increased funding aims to improve healthcare services and meet the growing demands of the population.

    Nepal’s budget for the fiscal year 2023-24 emphasizes key sectors such as agriculture, education, infrastructure, and social welfare. The government’s focus on promoting local production, attracting foreign investment, and enhancing educational opportunities showcases its commitment to overall development. With increased allocations in vital sectors, Nepal aims to address societal needs, drive economic growth, and uplift the quality of life for its citizens.