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Southern Asia - Category Archive

All the news from Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka, Afganistan, Myanmar and Iran.

Jul 05

Nepal budget session starting TODAY

Filed under Asia News, Southern Asia, Business & Politics

The budget session of the legislature parliament is convening at 3pm, Monday, at the Constituent Assembly building in Naya Baneshwar,  as  summoned by President Dr. Ram Baran Yadav.

Speaker Subash Chandra Nemwang will read out a letter from the President summoning the House at the first meeting of the budget session today, spokesperson of the parliament secretariat Mukunda Sharma informed.

In normal circumstances, the government presents its annual programmes and polices and a budget for the next fiscal year during the budget session.

However, as the government has already stepped down and is operating in capacity of a caretaker government, it will just present an advance budget on July 9, this time.

The major political parties have agreed, the new government will present the annual programmes and polices, and the budget for the next fiscal year.They have given consent to present the advance budget to the caretaker government. The government has prepared an advance budget of Rs 110 billion.

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