Kavrepalanchowk / Nov 26: The Asian Development Bank (ADB) is to assist in the reconstruction of the Kavre Valley Integrated Water Supply Scheme (KVIWSS) after it was damaged during floods and landslides triggered by incessant rains on September 27 and 28. The scheme is under construction for improving the water supply to three old cities […]
Kathmandu / Nov 21: Revenue collection in the first quarter of the current Fiscal Year 2024/25 has increased by 17 per cent compared to the corresponding period of the previous fiscal year. As per the details on revenue collection presented in a meeting of the Ministry of Finance, Higher Management Committee today, revenue of Rs […]
Kathmandu / Nov 19: The country has received Rs 407.31 billion in remittances in the first three months of the current fiscal year. “Remittance inflows increased 11.5 per cent to Rs 407.31 billion in the review period compared to an increase of 25.8 per cent in the same period of the previous year,” Nepal Rastra […]
Kathmandu / Nov 17: The Nepal Rastra Bank (NRB) has unveiled its Strategic Analysis Report 2024. The report aiming to provide financial updates is based on Cyber-Enabled Fraud reported this year. It was presented to the government on Sunday. The Anti-Money Laundering Act, 2064 BS (2008) warrants the presentation of a comprehensive annual report including […]
Laxmi Sapkota, Kathmandu, Oct.22: An estimated 4.5 million flower garlands will be consumed for the upcoming Tihar, the festival of light. The Floriculture Association Nepal (FAN), an umbrella organization of flower entrepreneurs, has projected that a total of 380,000 garlands of Globosa Amaranthus (makhamali) and 450,000 garlands of chrysanthemum (godawari) will be consumed in this […]
Kathmandu / Oct 21: Global IME Bank and Prime Power Limited have officially signed a credit facility agreement aimed at developing a solar power project. The agreement was signed by Bank CEO Surendra Raj Regmi and Prime Power Limited President Ashish Garg during a ceremony held today. Under this agreement, Global IME Bank will invest […]
Kathmandu / Oct 15: Remittance inflow has increased by 15.2 per cent to Rs 263.14 billion in review period of the first two months of the current fiscal year (FY). However, the increase ratio is less than the one witnessed in the same period of the last year, when the increase was 18.7 per cent. […]
Kathmandu / Oct 14: Over the past decade, Nepal received foreign direct investment (FDI) commitments worth Rs395.92 billion, but only Rs126.29 billion, or 37.89% of the pledged amount, has materialised, according to data from Nepal Rastra Bank (NRB). Between fiscal year 2014/15 and the last fiscal year, although substantial foreign investment commitments were made, a […]
Kathmandu / Oct 9: As Nepal Rastra Bank (NRB) did not print fresh banknotes this year targeting Dashain and Tihar festivals, the act of the people exchanging currencies has decreased sharply. Last year, the Central Bank issued Rs 14 billion worth of new currency notes in Kathmandu Valley alone and Rs 29 billion across the […]
Kathmandu / Oct 2: Nepal’s economic growth is projected to accelerate to 5.1 percent in FY 25 from 3.9 percent in FY 24, driven by anticipated high tourist arrivals, along with increased hydropower and paddy production, according to the World Bank’s latest economic update, Nepal Development Update: International Migration and Well-being in Nepal, released today. […]
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Editor : Mr. Divesh J.B. Rana
Chairperson : Mr. Kishore Thapa