Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: due date for vat payment :: cpt :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: VAT RATES :: articles on VAT and GST in India
 
 
Budget Extravaganza »
 How presenting the Budget early seems to be paying off already
 Budget advancement helps Centre, states start spending early
 Five things that you can expect from the Mumbai civic budget today
 GST all set for July 1 rollout but casts shadow on state budgets
 Income-Tax collection revised in Rajasthan budget
 No new taxes likely in Maharashtra Budget
 H.P. budget devoid of any financial prudence
 GST, demonetisation todecide budget priorities
 Railways to come up with mini-budget tomorrow
 Budget today, but GST kills the tax suspense
 Budget 2017 does little to expand taxpayer base, salaried still bear brunt of taxes

Budget leak latest problem for Khanal
July, 16th 2011

Leakage of the country's annual budget is the latest headache for Nepal Prime Minister Jhalanath Khanal who's battling controversies since coming to power in February. Deputy PM and finance minister Bharat Mohan Adhikari presented a NRs 385 billion (Rs 240 billion) budget on Friday night but issues other than its contents is the reason for the present controversy.

Budget details getting leaked in local media before its actual presentation led Parliament to appoint a seven-member committee to probe the matter and submit a report before July 23.

Adhikari's budget speech was delayed by a day due to pressure from Madhesi parties from the Terai belt over inclusion of their demands. But confusion over its presentation led to the leak. 

Besides newspapers and television channels airing its contents hours in advance, the finance ministry website also posted the entire budget even as Adhikari was going through his speech.

Acrimonious scenes were witnessed inside the parliament during the budget speech as opposition benches questioned its presentation since details were already known by the public.

"Leakage of budget is a serious financial crime. The PM has lost moral ground to remain in office," said senior Nepali Congress leader and former finance minister Ram Sharan Mahat.

In a special front page editorial on Saturday, The Himalayan Times held Adhikari "primarily accountable" for the leak and suggested that he should step down immediately.

"It's a serious violation of fiscal discipline and our party demands a thorough probe," said Maoist Vice Chairman Baburam Bhattarai who's party is the dominant partner in the ruling coalition.

Already facing threat to his position over slow progress in completing the peace process and drafting of the new constitution, the budget leak has given another arsenal to Khanal's detractors to target him.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions