Nepal, Feb. 16 -- Revenue shortfalls have once again forced the federal government to trim grants meant for provinces and local bodies. The Financial Comptroller General Office has directed Treasury and Auditor offices to cut the third instalment of fiscal equalisation grants. As a result, lower levels of government will receive only 20.43 percent of what had originally been planned for the third tranche. The decision follows the Finance Ministry's 95-point guideline on federal budget execution, which ties grant releases to revenue performance. The fourth instalment will depend on the gap between targeted and actual revenue by mid-April. The strain becomes clearer when the revenue figures are examined. Between mid-July 2025 and mid-Januar...