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Tag: Budget
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Provinces Fall Short: Only 49% of Budget Spent by June 15 in Current FY
As of June 15 in the current fiscal year 2022/23, the provinces in the country have only used half of their budget. Out of the total allocated budget of Rs 306 billion, they have spent Rs 151.3 billion, which is around 49.45 percent of the yearly allocation. According to the Office of the Comptroller General, Koshi Province has the highest expenditure rate at 61.41 percent, while Madhes Province has the lowest at 36.25 percent during the last 11 months of this fiscal year.
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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.
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The government’s spending exceeds its revenue by Rs 1.56 Kharba.
For the first eight months of the current fiscal year 2079/80, the government’s budget deficit exceeded Rs. 1.56 Kharba. By the end of Falgun, the government had spent 7.79 Kharba of its budget, but had only collected 6.22 Kharba in total revenue.
Meanwhile, only 22.15% of capital expenditure (CAPEX) is used until the end of Falgun’s fiscal year 2079/80.
The government’s capital expenditure is the money spent on the development of physical assets. In Nepal, the capital budget is funded by balancing domestic revenue after the recurrent budget, grants, and loans have been met. According to the Financial Comptroller General Office, only Rs. 84.25 Arba of the capital budget has been spent out of the targeted budget of Rs. 3.80 Kharba.
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Country’s economic indicators are in jeopardy, and 8% economic growth
According to Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel, indicators of the country’s economy are in jeopardy due to negative global economic impacts and challenges stemming from domestic causes.
He did, however, state that he is constantly working to resolve the country’s economic problems. He made this statement during today’s House of Representatives meeting while delivering a speech on the half-yearly budget report for fiscal year 2022/23
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How To Choose the Best Router For Your Home WiFi?
Choosing a reliable router is critical for getting the best WiFi performance out of your home network. Discover how to choose the best wireless router for your home WiFi.
In Nepal, we have routers ranging from low-end to very high-end for various customer classes. TP-Link, Nokia, NETGEAR, Digicom, and other brands are available. When you setup a new internet connection, you are given a default router that meets the most basic criteria. However, if you want to ensure optimal performance as well as improved security for your home network, you must consider a number of variables.
More antennas (MIMO) correspond to improved signal direction and allow you to receive the maximum bandwidth equitably across all of your devices. Using numerous antennas generates numerous streams of data packets over radio channels, increasing data speed to the devices.
Routers with only one antenna are a thing of the past. All ISPs now provide their clients with dual antenna routers. However, if you want greater confidence, you can purchase a router with three additional antennae if necessary. However, there are more performance criteria than just antennas, which brings us to frequency bands.
Dual-Band Or More
As our internet requirements grow, so should the functions of routers. We require routers that provide continuous connections while using the same bandwidth. This necessitates the use of a dual-band router capable of delivering a continuous connection. Routers operate on two frequencies: 2.4GHz and 5GHz. A 6 GHz model is on the way.
Another important element for modern companies or even households is the USB port. We can connect hard drives, printers, and other devices to the router and use them to run prints, examine data, and update software. If you have a USB C connector, you can charge your phone while making critical calls.
Currently, most routers that come included with ISPs include a USB 2.0 port. If you want to go a step further, get your new router with USB 3.0 and USB-Type C capability.
Router For Smart Home
In recent years, the concept of smart houses has grown in popularity. Although the definition of a smart home is hazy, it includes the use of IoT, Alexa, Chromecast, Sensors, and other devices that require a stable internet connection with a high bandwidth speed.
A router that is linked with Alexa or Google Assistant is required to supplement the demands for a Smart Home connection.
Having a router with smart home integration will allow you to run many apps and devices at the same time, resulting in a domestic eco-system. You can control the router by speaking commands to Alexa. You can enable or disable WiFi, switch off the router’s LED lights, and so forth.
If you want to buy a router that works with Alexa, you can go with the TP-Link Deco Voice X20 or look for others available in Nepal.
An extension is good for one or two rooms, but if you want a full WiFi network solution, a mesh router is your best alternative.
It is possible to infiltrate a greater area with a mesh Wifi router, such as the balcony or the basement, to the poolside.
Mesh routers use two or more connected devices to provide a consistent WiFi signal throughout your area. It’s similar to configuring a slew of routers at home. Mesh router settings will provide you with a flawless WiFi connection in any room or region of your home.
Mesh WiFi routers can easily found online.
Security Features
Security features are critical for protecting your home network from hackers and spies. Routers do include security measures such as antivirus software, VPNs, and other extensions to help safeguard the connection. The issue is that these features are not properly supported by routers with low-cost hardware.
The image above depicts a typical menu of a Wifi Router that comes standard with Ntc FTTH.
Search For Review
Allow yourself some time to research a specific router if you have your heart set on it. You should look at its performance, dependability band, and security features to see if it meets your needs.
You may find professional reviews on reputable websites, as well as consumer evaluations on YouTube. You can also read the buyer reviews and learn from their experiences. It does aid in determining whether the router you desire will satisfy your expectations. Learning ahead of time will save you money and help you avoid future regrets.
So those are the guidelines we prepared to assist you in determining your next best router. However, it is entirely dependent on your needs and budget. Most default routers provided by ISPs have a single band that operates at 2.4GHz. They have one or two USB 2.0 ports as well as basic security measures and a restricted network range.
Which One To Buy?
We have compiled a list of critical elements that will ensure you get the best performance out of your router. However, the following critical question is which one you would require. Do you require a WiFi router with a 5GHz band, or do you require a WiFi Mesh router for a greater area? Or would you be OK with a standard router with a 2.4GHz band?
The solution is in your goals. If you’re looking for a router for a large workplace with a lot of employees who use a lot of bandwidth, the default router from your ISP might not be the best option. Furthermore, network congestion may not be beneficial on a standard router. For constant performance, you may need to purchase a 5GHz router.
Meanwhile, if you’re only using it for your little family, any basic router will suffice. Spend less on specifications and more on dependability and ease.
In Nepal, you may purchase routers ranging in price from NRs. 2,000 to NRs. 15,000 or above. The major brands that offer numerous routers in various classes include TP-Link, Digicom, NETGEAR, and others. Mesh routers and repeaters are also available from several online retailers. As a result, first decide what features you want in a router before parting with your money. Having the greatest Wifi router is one strategy for increasing your internet speed.
Which WiFi router are you currently using? Are you happy with its signal range and performance, or do you intend to replace it? What features in a decent wireless router are most important to you? Please share your thoughts in the comments box below.
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What Stock Market Basics Do You Need To Know?
To succeed in the business of stocks, learning the stock market basics of the trade is essential. The stock market is a complicated game and knowledge is power when it comes to financial freedom.
The decisions you make can yield unlimited earnings or completely break your budget. While there is some level of gambling involved in the stock market, an educated trader will ultimately achieve success.
Prior to risking your hard-earned cash on the stock market, you need to recognize certain vital factors when deciding which company to invest in.
Consider these stock market basics to learn more about the company you want to buy into:
Check Out A Company’s Revenue
What is the actual amount of money the company makes? This total amount is referred to as revenue. While young companies in their early stages of development may not have much revenue to offer, other companies who have been in the market for a long time may use their revenues to cover costs and losses.
A Company’s Earnings Make A Difference
How much money does the company make? This amount of money is called a company’s earnings. Beside revenues, earnings may be used to cover expenses. Earnings are the extra money taken in by a company. Because investors investigate the earnings made by a company they want to purchase stocks on, the companies with large earnings have a distinct advantage in the stock market.
A Company In Debt Is A Bad Sign
How much money does the company owe? Debt is the money owed by a company, which can be represented in many different ways. When a company is in debt, the money they have will be used to pay up the debit. It is risky to purchase stock from companies in debt because the company is unstable which could result in them declaring bankruptcy.
A Company Should Own Property
What does the company own? The assets owned by a company, including business, money and stocks, are referred to as property. When you are aware of a company’s assets, you can better ascertain their position in the industry. When companies have significant properties under their ownership, it is safer to trust their background. Often people will immediately buy stocks from companies holding a major amount of assets because they are more secure.
A Company Should Show Financial Responsibility
How much does the company have to pay out and what are their total financial obligations? Each company has different financial obligations. When a company has few financial obligations, they are in less danger of getting into debt. Examine the liabilities versus the assets of a company to determine their financial responsibility. A company should have higher assets than financial obligations.
Gambling your money on a company you know nothing about is an unsafe and unwise decision. By simply reviewing the company’s background, you have all the stock market basics right at your fingertips.
To make sure your money is in the right hands, do your research about the companies you want to invest in.