The Diplomat Nepal
2 sources · 3 articles
Started 2 days ago · Updated 2 days ago

Construction Entrepreneurs Threaten Protests Over Unaddressed Demands Ahead of Budget

Photo · english.ratopati.com

The Federation of Nepal Construction Entrepreneurs has warned of announcing new protest programs if their demands are not addressed before the upcoming budget. Federation spokesperson Mangal Bahadur Shahi stated that while they have waited for government decisions, concrete solutions have not been provided, leading to a lack of alternatives but to protest. The entrepreneurs are particularly demanding an increase in petroleum product prices and an extension of the price adjustment period due to rising project costs.

  • The entrepreneurs are demanding an increase in petroleum product prices and an extension of the price adjustment period due to the conflict in West Asia.
  • Federation spokesperson Mangal Bahadur Shahi claims that addressing their demands before the budget will increase construction work pace, instill confidence, and improve development budget expenditure.
  • Discussions were held last Friday between government representatives and construction entrepreneurs, where the Ministry of Infrastructure Development stated a proposal for price adjustment in the construction sector would be taken to the Council of Ministers.
  • The entrepreneurs have been waiting for the government's decision for the last three to four days and are preparing for digital protests if no proper decision is made in time.

Timeline (3)

Share ↗
Related

More in Economy

See all
Nepal's Public Enterprises: 27 Profitable, 16 Incurring Losses, Ministry of Finance Report Nepal's Public Enterprises: 27 Profitable, 16 Incurring Losses, Ministry of Finance Report

A recent report from Nepal's Ministry of Finance reveals that out of 45 public enterprises (PEs), 27 were profitable in the fiscal year 2024/25, while 16 incurred losses and two have been shut down. Despite an overall increase in net profits by 12.03%, deep-seated structural and managerial weaknesses continue to impact these state-owned entities.

6 articles · 6 hours ago
Nepal's Economy Projected to Grow 3.85% Amidst Global Uncertainty, Finance Minister Reports Nepal's Economy Projected to Grow 3.85% Amidst Global Uncertainty, Finance Minister Reports

Nepal's economy is projected to grow by 3.85 percent in the current fiscal year, according to the Economic Survey presented by Finance Minister Dr. Swarnim Wagle. Despite global economic uncertainty and regional conflicts, the nation's macroeconomic indicators have shown improvement, with the total economy estimated to reach Rs. 6.6 trillion and per capita national income projected at USD 1,535.

25 articles · 7 hours ago
Nepal's Economic Survey FY 2082/83 Highlights Positive Indicators Amidst Challenges Nepal's Economic Survey FY 2082/83 Highlights Positive Indicators Amidst Challenges

Nepal's Economic Survey for Fiscal Year 2082/83 indicates a strengthening external sector, controlled inflation, and a significant increase in remittance inflows. However, the report also identifies persistent challenges including weak capital expenditure, a widening trade deficit, expanding public debt, and sluggish private sector loan disbursement. The economy is projected to grow by 3.85 percent in the current fiscal year.

3 articles · 9 hours ago
Nepal's Public Enterprises: 27 Profitable, 16 Loss-Making as of FY 2081/82 Nepal's Public Enterprises: 27 Profitable, 16 Loss-Making as of FY 2081/82

As of fiscal year 2081/82, Nepal's public enterprises show a mixed financial performance, with 27 out of 45 institutions operating profitably while 16 incurred losses, according to the Economic Survey 2082/83 presented by Finance Minister Dr. Swarnim Wagle. The total government investment in these enterprises has reached NPR 798.56 billion.

8 articles · 10 hours ago