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The government has issued a 73-point guideline for the enforcement of the budget. The guideline is for the directive to all ministries, province and local governments.

The Finance Ministry made public the circular that has aimed at frugality in budget spending and effectiveness.

Authority of budget spending, approval of project and allocation, project handover and enforcement, budget transfer, amendment and reporting, fiscal transparency, accountability, monitoring are the agenda included in the guidelines.

As per the circular, the government bodies which have been allocated the budget for its implementation in partnership, should inform the Finance Ministry and related Comptroller's Office on the share of the budget and expected results.

Similarly, work procedures for budget implementation should be prepared within this month. The work procedure should be updated on the website within a week after its endorsement.

In case of the work procedure requiring long-term liability, approval from the Finance Ministry is made mandatory.

Adoption of two shift work has been recommended for the projects of national priority.

Chief of the project should be elected based on internal competition for the effective enforcement of the project. Criteria should be made to discourage the transfer of employees assigned as chief of the project during the project term. But those failing to score adequate marks in performance evaluation would not be spared.

Any works that are not included in the budget must not be entertained.

Finance Secretary Madhu Kumar Marasini informed that the guideline would be useful to meet the liability incurred at the end of the fiscal year.

President Ram Chandra Paudel has appointed senior advocate Ramesh Badal as the Attorney General of Nepal.

President Paudel appointed Badal as the Attorney General upon the recommendation of Prime Minister KP Sharma Oli in accordance with Article 157 (2) of the Constitution, according to the Office of the President.

It is the second time that Badal has become Attorney General.

Prime Minister KP Sharma Oli has awarded various personalities with the Chinnalata Puraskar (Award) for their notable contributions in Nepali language, literature and art sectors.

On the occasion of 102th birth anniversary of lyricist Ramola Devi Shah 'Chinnalata' here today, PM Oli awarded lyrist Bhusan Kharel, musician Manaraja Nakarmi, singer Shiva Pariyar and youth singer Menuka Poudel. 

These awards were for the year Chinnalata Puraskar-2079 BS.

Similarly, Chinnalata Puraskar-2080 BS was given to lyrist Birendra Pathak, musician Chandi Prasad Kafle, singer Manila Sotang and youth singer Bhupu Pandey.

The award carries a purse of Rs 100,000 each for lyrics, music and singing category while youth singing category has Rs 50,000 as a cash prize, it was shared.

The Nepali Embassy in Dhaka, Bangladesh has urged all Nepali students studying there to stay safe and not to go out from their hostel or residence except for essential works.

Issuing a press statement today, the Nepali Embassy also requested the Nepali students there to comply with the instructions of their college administration due to security concerns.

The Embassy's appeal came at the time when the Ministry of Education of Bangladesh decided to shut down all government and private education institutions (universities, colleges and schools) until further notice after the ongoing demonstration/protests waged by university students against the 'quota' system.

The Embassy has requested the Nepali students there to contact Second Secretary Yojana Bamjam and Riya Chettri at +880180691013 and + 8801745407958 in case if the college administrations ask the student to shift to safer and places or if the places they are residing has unfavorable situation.

The Embassy further said that it had been closely monitoring the latest developments in Bangladesh and had been continuously coordinating efforts with the government of Bangladesh and concerned college administrations to ensure peace and security for all Nepali students in Bangladesh.

Prime Minister KP Sharma Oli is seeking a vote of confidence in the House of Representatives on July 21, Sunday.

CPN-UML Chief Whip Mahesh Kumar Bartaula said that July 21 has been determined as the date on which Prime Minister Oli will be seeking a vote of confidence in the House of Representatives, the lower house of the Federal Parliament.

UML Chair KP Sharma Oli was appointed the Prime Minister on July 14 in accordance with Article 76(2) of the Constitution of Nepal.

The UML Parliamentary Party leader Oli became the Prime Minister for the fourth time with the support of the Nepali Congress, the largest party in the House of Representatives.

He is seeking a vote of confidence in accordance with Article 76 (4) of the Constitution which requires that the Prime Minister appointed on the backing of two or more parties should take the vote of confidence in the House of Representatives within 30 days.

Locals have attacked a team who had come to inspect the proposed railway at Bharatpur Metropolitan City-7 in Chitwan on Wednesday.

They also set their vehicle (Bagmati Province 01-030 Cha 7190) on fire.

The locals, who staged a demonstration saying that the government is constructing the railway in a dense settlement, torched the vehicle today.

Investment commitments in the tourism sector have increased by 20.81 percent in fiscal year 2023/24 compared to the previous fiscal year.

According to the Department of Industry (DoI), it has received Rs 30.53bn worth of investment commitments from 134 different tourism ventures like hotels and cable car projects in 2023/24. The department had received such commitments worth Rs 25.27bn from 76 projects in 2022/23. 

While the number of projects have nearly doubled compared to 2022/23, the investment commitment has not increased in the same proportion, an official at the DoI said. The official said that seven of these projects have made investment commitments above Rs 1bn each.

The largest investment commitment has come from The Massif Hotel Pvt Ltd which has expressed commitment to spend over Rs 4.81 billion. The five-star property, which is being built by Guna Group—a conglomerate having business interests ranging from real estate to the aviation sector—in Gwarko of Lalitpur, will have 302 rooms. According to rating company ICRA Nepal, the estimated cost of the project is Rs 6.5bn and the promoters plan to raise 75 percent of the project cost through bank financing. 

Similarly, Veda Hospitality Pvt Ltd is building a 270-bed hotel in Lumbini. The company promoted by Golyan Group has proposed to invest Rs 4.6bn to build a five-star hotel in Kamahariya of Mayadevi Rural Municipality of Rupandehi. The group has signed a management contract with Hyatt Group. The property will be named Hyatt Regency Lumbini. Golyan Group also operates Hotel Hyatt Place in Soaltee Mode, Kathmandu.

Likewise,  Prabhu Group has proposed to invest Rs 2bn in a cable car project in Icchakamana Rural Municipality of Chitwan. The lower station of the cable car project will be near Ramailo Danda on the Prithvi Highway, while the top station will be at Ichchhakamana Devi Temple premises on the Mahabharat hill.

Hospital entrepreneur Durga Prasai is investing Rs 2.84bn in Hotel Atrium in Jhapa. The hotel will have 120 beds and a 200-seat restaurant. Likewise, Hotel Buddha Pvt Ltd has been registered in Lumbini with an investment commitment of Rs 1.85bn. The hotel will have 200 beds. 

Similarly, Watford Hotel Management Pvt. Ltd. have expressed commitment to invest Rs 1.16bn to open a 92-room hotel. has been registered with an investment commitment of Rs 1.16bn for a 92-bed hotel.

Likewise, KTM Hospitality has made an investment commitment of Rs 1.15bn to open a resort in Chitwan, while Yaksha Hospitality has proposed to invest Rs 2bn to open a 115-room hotel.

The Nepal Stock Exchange (NEPSE) gained 54.04 points to close at 2,364.63 points on Wednesday.

Similarly, the sensitive index surged by 10.25 points to close at 419. 77 points.

A total of 32,095,937-unit shares of 306 companies were traded for Rs 12. 05 billion.

Meanwhile, Central Finance Co. Ltd. (CFCL) was the top gainer today, with its price surging by 10. 00 percent.

At the end of the day, total market capitalization stood at Rs 3. 75 trillion.