Economy

Inflation soars to 7.11 percent

Kathmandu / Jan 13: The consumer price inflation hit 7.11 percent as of mid-December, which is 0.6 point percent higher than the government’s annual target for this fiscal year. According to Nepal Rastra Bank (NRB)’s report on Current Macroeconomic and Financial Situation, the average price has gone up at an alarming rate compared to that […]


NRB Governor doubts on achieving 7 % economic growth

Kathmandu / Jan 9: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said achieving the economic growth rate of seven percent targeted by the government for this fiscal year will be a herculean task. Speaking at a parliamentary Public Accounts Committee meeting on Sunday, the country’s central bank governor expressed his view on the […]


Only 20% work of Nepalgunj ICP in 16 Years, industrialists worried

Nepalgunj / Dec. 30: The construction work of ICP (Integrated Customs Check Post) under construction at Nepalgunj has been completed only 20 per cent in 16 years. An agreement was reached to build ICPs at Biratnagar, Birgunj, Nepalgunj and Bhairahawa in Nepal 16 years ago in 2005. However, after completing the construction in Biratnagar and […]


High demand from Chinese Traders benefitting Rudrakshya market

Sankhuwasabha / Dec. 26: Most of the Rudrakshyas produced in the Arun Valley area of Nepal are exported to China, except for a small quantity to India. Until a few years ago, only Rudrakshyas with more than seven mouths were sold, but lately Rudrakshyas with five mouths are also getting the buyers. Although Rudrakshya’s export […]


FWEAN elects new Working Committee

Kathmandu / Dec 25: The 18th Annual General Meeting of the Federation of Women Entrepreneurs Associations of Nepal (FWEAN) held on Thursday elected a new Working Committee led by Niru Raimajhi Khatri. The 18th General Assembly and the eighth convention held in Kathmandu on Thursday elected a 27-member working committee led by Khatri. Shobha Gyawali […]


Rapid Response Team formed to address problems of Foreign Employment Sector

Kathmandu / Dec 18: The government has formed a rapid response team to check possible manoeuvring in the foreign employment sector. The rapid response team was formed under direct monitoring of the Director-General of the Department of Foreign Employment with representatives from concerned bodies as members. The Director of the Department is the coordinator of […]


NTC to Provide Telecom, Broadband Internet Service to Local Govt Offices

Kathmandu / Dec. 16: The Nepal Telecom (NTC) will provide telecom and broadband internet service to all government offices at local levels across the country. To this effect, an agreement has been reached between Joint Secretary of the Ministry of Federal Affairs and General Administration Dr Gobinda Krishna Khanal and the NTC general director Dilliram […]


Inflation rose 5.32 percent during mid-October and mid-November

Kathmandu / Dec 15: Consumer price inflation surged to 5.32 percent during the one month period from mid-October to mid-November this year compared to 4.05 percent during the same period last year. The four months’ report on ‘Current Macroeconomic and Financial Situation of Nepal’ released by the Nepal Rastra Bank (NRB) on Wednesday, shows that […]


Tea farmers demand to fix Minimum Support Price of Green Leaves

Ilam / Dec. 14: Tea farmers in Ilam have urged the government to fix the support price of green leaves as the selling price is lower than the production cost. Stating that the future of tea is getting uncertain every year due to the use of chemical fertilisers and pesticides, the farmers said that the […]


With onset of Dry Winter, Nepal starts importing Electricity from India

Chhetu Sherpa / Kathmandu, Dec. 13: Nepal Electricity Authority (NEA) has started to import 650mw of electricity from India as the demand for electricity in the country has surpassed the amount of electricity produced in Nepal. Suresh Bahadur Bhattarai, NEA spokesperson, informed that electricity generation in the country has dwindled with the decrease in the […]




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