Economy

Former Minister Acharya insists on flexible policies to attract foreign investment

Chitwan / Oct 30: Former Finance Minister Mahesh Acharya has said a comprehensive campaign is needed to improve nation’s economy. Taking to media here today, the former Minister said such campaign should be capable to restore the confidence of business community and develop Nepal as a destination for investment. He advised the government to come […]


Foreign trade deficit widens

Kathmandu / Oct 29: Foreign trade deficit has widened in the first quarter of the current fiscal year. According to the Foreign Trade Statistics released by the custom department, foreign trade deficit widened by 2.15 per cent in the first three months of the current fiscal year (FY) in comparison of the same period of […]


Finance Minster pledges to clear Govt dues before Dashain

Chitwan / Oct 6: Finance Minister Dr Prakash Sharan Mahat has said that the government will clear the dues of the previous fiscal year to be paid to the construction entrepreneurs before the Dashain festival. Talking to media persons on Friday, the finance minister shared, “We have already paid Rs 60-70 billion by the end […]


Youth of Sindhuli into commercial dragon fruit farming

Kamalamai / Aug 27: Bharat Kafle of Harshahi in Dudhauli Municipality-6 in Sindhuli can be a vivid example for many people for he has chosen to stay back home to do something good, and his hard work is paying off. His motivation to toil back in the home country comes at a time when youth […]


Finance Minister Mahat elected GEF Vice Chairperson

Kathmandu / Aug 25: Finance Minister Dr. Prakash Sharan Mahat has been elected the Vice Chair of the Global Environment Facility (GEF) by a plenary session held under the ongoing Seventh GEF Assembly in Canada. During the session, the Republic of Panama today proposed his candidacy for the post and it was backed by the […]


There should be positive perception about economy: FM Mahat

Kathmandu / Aug 15: Finance Minister Dr Prakash Sharan Mahat has said although country’s economy is improving in recent period, positive concept has not been developed among the general people and private sector. At an inauguration of ‘Management Seminar 2080’ organised by the Department of Inland Revenue here today, Finance Minister Mahat expressed concern over […]


Oranges worth Rs 290 million produced in Tanahun last year

Damauli / Aug 5: Oranges worth Rs 290 million were produced in Tanahun last year. A total of 9,645 metric tonnes of orange was traded in the fiscal year 2022/23, according to Agriculture Knowledge Centre, Tanahun. Centre’s Chief Kul Prasad Tiwari shared that orange farming was done on 610 hectares of land in the district. […]


NRB Governor defends ‘liberal’ Monetary Policy

Kathmandu / July 30: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said the Monetary Policy for the current fiscal year came with a review of the overall existing scenario of the nation’s economy. “The Policy prioritizes a liberal approach in terms of the interests of bank loans when most of the banks in […]


Nepal’s public debt exceeds 2 trillion 221 billion

Kathmandu / July 24: The government owes public debt over Rs 2 trillion 221 billion. As per the data unveiled by the Public Debt Management Office, till the end of the fiscal 2079/80 BS (2022-23), Nepal owes an internal loan equivalent to over Rs 1,100 billion and an external loan worth Rs 1093 billion. Last […]


Monetary Policy for FY 2023/24 out; sets seven targets

Kathmandu / July 23: Nepal Rastra Bank (NRB) has made public the monetary policy for the current fiscal year, 2023/24. The central bank through the policy has dropped the policy rate and kept intact the mandatory cash ratio and the statutory liquidity ratio of banks and financial institutions. Similarly, the bank rate has remained unchanged, […]




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