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Economy

Budget 2018/19 : Rs 83.89 billion allotted for energy sectors, Rs 56.41 billion for health sectors

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KATHMANDU — Finance Minister Yubaraj Khatiwada has presented the first full-fledged budget of around Rs 1.31 trillion, which is Rs 37 billion more than the current fiscal year’s Rs 1.27 trillion, at the joint session of Federal Parliament and National Assembly on Tuesday.

Presenting the budget at the Federal Parliament today, Finance Minister Khatiwada said that the 56.41 billion has been allocated for the health sector while Rs 83.89 billion has been allotted for energy sector and Rs 24.05 billion for drinking water.

Likewise, the government has allocated Rs 1.34 billion for education, science and technology. The government has also allocated Rs 5.203 billion for tourism sectors whereas Rs 19.35 billion for aviation sector and Rs 16.58 billion has been allocated for the preservation of forest and environment.

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Likewise, Rs 2.04 billion has been allocated for youth and sports while Rs 1.88 billion has been allocated for women, children and senior citizens.

Finance Minister Yubaraj Khatiwada said that the dearness allowance for the government staffers has been increased by Rs 2,000, however, there is no increment on salary for this time.

Minister Khatiwada said that a high level commission will formed to study and recommend the salary of the government staffers.

The government has increased the tax for the motorbikes having 150 CC and those four-wheeler with 1,000 CC and above.

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Economy

NEPSE stabilises

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KATHMANDU- The Nepal Stock Exchange (Nepse) index has stabilised to some extent as compared to the first trading day on Sunday when it suffered a sharp dip.

The NEPSE index increased 0.9 points to close at 1131.73. Likewise, the sensitive index, which measures the performance of group ‘A’ stocks has also risen 0.06 points.

Over 2 million shares of a total of 156 companies were traded at more than Rs 637 million. Of the total 11 subgroups, four made gains, and the rest seven declined.

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Development bank surged 4.7 points, while non-life insurance 92.1 points, life-insurance 13.57 points and others 0.43 points.

But, banking dipped 0.27 points, while trade 1.18 points, hotel 2.04 points, hydropower 2.17 points, finance 1.82 points, production 9.21 points and microfinance 8.31 points.

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