Economy

Prosperity not possible in absence of Construction Business: Deputy PM Poudel

Kathmandu / June 15: Deputy Prime Minister and Finance Minister Bishnu Poudel has termed the construction industry as a ‘pillar’ of prosperity and praised the pace of ongoing construction works even in an adverse situation caused by the COVID-19 pandemic. During his meeting with the Federation of Contractors’ Associations of Nepal (FCAN) today, Deputy Prime […]


World Bank to provide US $ 60 million to strengthen Nepal’s higher education

Kathmandu / June 12: The World Bank (WB) on Friday approved US $ 60 million to improve the quality of Nepal’s higher education, scale up online learning, and expand access to academic institutions for underprivileged and vulnerable students. The fund is expected to help Nepal improve human capital development that is largely affected by the […]


Himalayan Reinsurance Company receives approval to operate as country’s second reinsurer

Kathmandu / June 1: Himalayan Reinsurance Company (HRC) has received approval from the Insurance Board (IB) to operate as the second reinsurer in the country. According to the IB, it issued a letter of intent to the HRC on Monday. “Now the company needs to start its operation by mid-November by the latest,” said Raju […]


Finance Minister claims budget intends to tackle pandemic

Kathmandu / May 30: The government has tried to establish its rationale behind the presentation of a full budget as being constitutional and feasible for implementation, despite the budget facing widespread criticism for being a ‘populist and distributive’ one enforced by a caretaker government. Speaking at a press meet organized by the Ministry of Finance […]


Govt. unveils budget for 2021/22 (Major highlights)

Kathmandu / May 29: Finance Minister Bishnu Poudel on Saturday unveiled a budget of Rs 1.647 trillion (Rs 1,647,570,000,000) for the upcoming fiscal year 2021/22. Of the total amount of the budget, Rs 678.610 billion has been earmarked for recurrent expenditure while Rs 347 billion for capital expenditure by the federal government. Similarly, Rs 279.7 […]


Business of Star Hotels flattens, lose Rs 300 million a day

Ajay Chhetri, Kathmandu, May 27: The dilemma of star hotels has been rising with the continuous extension of the Prohibitionary Order to curb spread of the novel coronavirus infection. Due to the shutdown, the business of over Rs. 300 million a day has been disrupted. Besides, there is looming uncertainty in income source of over […]


NRB creates Rs 50 billion fund to support settlement of payments to workers of COVID-19 impacted small industries

Kathmandu / May 25: Nepal Rastra Bank (NRB) has created a fund of Rs 50 billion to support providing payments to the workers in tourism, cottage, small and medium size industries that are largely affected by COVID-19. Speaking in the 49th meeting of the board of directors of Asian Clearing Union (ACU), NRB Governor Maha […]


Exports to India increased by 23.5 Percent in last Nine Months

Ajay Chhetri / Kathmandu, May 13: Exports to India have increased by 23.5 per cent in the previous nine months. It is evident from nine months period statistics of the Current Macroeconomic and Financial Situation of Nepal released by the Nepal Rastra Bank on Wednesday. According to the statistics, the export has reached Rs 68.43 […]


Nepal’s remittance earnings as of third quarter end grew 16.5 percent to Rs 729 billion

Kathmandu / May 11: Nepal’s remittance earnings in the first nine months of the current fiscal year rose by 16.5 percent compared to that of the same period of the last fiscal year, despite a massive drop in the outgoing number of migrant workers. According to Nepal Rastra Bank’s nine months’ report under ‘Current Macroeconomic […]


Entrepreneurs demand govt declare tourism industry as crisis-ridden

Kathmandu / May 8: Tourism entrepreneurs have urged the government to declare the tourism industry as a crisis-ridden one, in the wake of the effects of the second wave of COVID-19 on the industry. Gopi Bahadur Bhattarai, chairman of Pokhara Tourism Council, said the spread of the coronavirus of late has seriously affected the tourism […]




TOP NEWSview all

Nepal’s proposal to graduate from LDC status to be presented in UNGA for endorsement

World Bank to provide US $ 60 million to strengthen Nepal’s higher education

32,500 metric ton Urea arrives in Nepal

Writ petition filed in Supreme Court against reshuffle of cabinet

Nepal Army officer Bista receives commendation from UN




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