October 28, 2026, Wednesday
English

The budget is meant to feed the ambitious and wealthy, the target is not met: Former Finance Minister Mahat

Main News Image

Kathmandu. Former finance minister and Nepali Congress leader Dr. Prakasharan Mahat has commented that the budget for the next financial year 2083-84 brought by the government is very ambitious and it has taken a policy to feed the rich class rather than the lower and middle class.

Speaking at the budget review program organized by the Federation of Nepal Industry and Trade on Tuesday, Dr. Mahat claimed that the budget size, revenue targets and economic growth projections were not realistic. In the current situation, the economic growth rate of 7 percent and the goal of creating 1.5 million jobs cannot be achieved, he said. The main weakness of Dr. Mahat pointed out.

mediabaaji add

Related News

Stock markets rose by double digits, greener on Bikas Bank and Hydropower indices

Kathmandu. On the third day of the week, i.e. Tuesday, the stock market has increased by double digits. Today, the NEPSE index increased by 13.51 points to 2812.34 points. In the stock market today, 348,520,000 shares of 340 companies of various s...

The price of gold and silver increased, now how much per tola?

Kathmandu. Today on March 3, the price of gold and silver has increased in the Nepalese market. Gold has increased by Rs 400 per tola while silver has increased by Rs 70 per tola.

The Nepal Gold and Silver Traders Federation has informed tha...

Plain-clothes police deployed at depots in the valley to prevent black market of gas

Kathmandu. Plain-clothed policemen have been mobilized at various gas depots in Kathmandu Valley following reports of black-marketing of cooking gas by creating an artificial shortage. In coordination with the Ministry of Home Affairs and the Mini...

Foreign currency exchange rates: The dollar, euro and pound rose

Kathmandu. Nepal Rastra Bank has announced the exchange rate of foreign currency for Friday. According to the new rate set by the Central Bank, today the buying rate of one US dollar is 153 rupees 86 paise and the selling rate is 154 rupees 46 pai...

Import of 6.5 billion liters of fuel from the petroleum pipeline, saving three billion in transportation annually

Kathmandu. Nepal-India International Petroleum Pipeline Project has completed six years of operation. Nepal Oil Corporation's Madhes regional office Amlekhganj said that since the pipeline from Motihari in India to Aml...

What is the exchange rate of which foreign currency on Wednesday?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one US dollar is 144 rupees 78 paisa and the selling rate is 145 rupees 38 paisa. Similarly,...