Finance Minister Mr. Khatiwada on May 29, presented NPR 1.474 trillion federal budgets for the fiscal year 2077/78 (2020/21) in the joint session of the House of Representatives and National Assembly.
A Foreign investor can invest or operate a business in Nepal (i) by incorporating a limited liability company in Nepal, (ii) by acquiring shares of a limited liability company already in existence.
Dr. Khatiwada has announced few tax and value added tax amnesty schemes through this budget.
The Covid - 19 global pandamic have hit Nepal also in a big way. Due to the pandamic, country went to close down for more than 3 months and still the close down has not been completely lifted. Infection of Corona Virus among the citizens of Nepal is increasing day by day.
Central Bank of Nepal unvealed it's Monetary Policy on July 17, 2020 for the Fiscal Year 2020/21. Governor Mr. Maha Prasad Adhikari through the annual monetary policy attempts to mitigate the economic effects of Covid-19, promising to help support businesses get back on their feet.
