Foreign Minister Khanal and Foreign Secretary Rai Meet New Zealand Ambassador Rata
Foreign Minister Shisir Khanal and Foreign Secretary Amrit Bahadur Rai separately met with Patrick John Rata, the non-resident Ambassador of New Zealand to Nepal, on May 27. During these meetings, discussions focused on strengthening bilateral relations and mutual cooperation between Nepal and New Zealand.
New Zealand Ambassador Rata Meets Nepal's Foreign Minister Khanal and Foreign Secretary Rai
New Zealand's Non-Resident Ambassador to Nepal, Patrick John Rata, held separate meetings with Nepal's Foreign Minister Shisir Khanal and Foreign Secretary Amrit Bahadur Rai on May 27. Discussions focused on strengthening bilateral relations and cooperation between Nepal and New Zealand.
Economists Urge Tax Reforms, VAT Restructuring, and Fiscal Overhaul in Nepal
Economists have called for significant restructuring of Nepal's tax administration, improvements in public finance management, and a more effective Value Added Tax (VAT) system. During discussions at the Finance Committee of the House of Representatives, experts emphasized aligning economic policy with the national budget and prioritizing structural economic reforms alongside good governance. They also suggested reducing the VAT rate and increasing income tax exemption thresholds to stimulate the economy.