Bishnu Pandey / Kathmandu, Feb. 5: The administrative processes have reached the final phase for the extraction of the iron ore deposit at Dhauwadi hill in Hupsekot Rural Municipality-5 of the east Nawalparasi district. With a view to extracting iron from the mines at Dhauwadi, the government has established Dhauwadi Iron Company Limited. The office […]
Ajay Chhetri / Kathmandu, Jan 31: The federal government received more than 50 per cent of its targeted receipts as of January 2022 while it has spent just over 34 per cent of the annual target. The upsurge in the aggregate receipt is immensely pushed up by a significant rise in tax revenue and non-tax […]
Kathmandu / Jan 30: Economists have asked the government to implement stern measures to check depleting foreign currency reserves amid worsening balance of payments (BoP). In a meeting with the Finance Minister Janardan Sharma on Sunday, the experts suggested the government continue with existing restrictions on import until the country’s BoP returns to normal. Although […]
Yubaraj Pandey / Butwal, Jan 29: Entrepreneurs have been suffering due to the lack of Integrated Customs Check Post (ICP) at Bhairahawa, considered as the second largest customs point in Nepal. As a result, the entrepreneurs have been forced to bear various hassles along with additional fees. As per the agreement reached between the Governments […]
Kathmandu / Jan 28: Export of Nepali products towards India and third countries via Birgunj checkpoint has increased significantly in the recent six months of the current fiscal year 2021/22. The export went up by 186 per cent during the period as compared to the first six months of the fiscal year 2020/21. Nepali goods […]
Ajay Chhetri / Kathmandu, Jan. 25: The liquidity management issue has lasted longer in the bank and financial institutions (BFIs) alongside the daunting macroeconomic indicators. The Nepal Rastra Bank (NRB) data shows that the trend of the excess liquidity indicator fluctuated around Rs. 122.9 billion to Rs 120 billion at the beginning of the current […]
Ajay Chhetri / Kathmandu, Jan 23: Trade deficit has increased by 46.64 per cent during the first half of the current fiscal year (FY) in comparison to the same period of the previous FY. The first six month’s foreign trade statistics (FTS) released by the Customs Department recorded the trade deficit of Rs 880.4 billion […]
Kathmandu / Jan 22: The pandemic caused by the COVID-19 pushed many governments worldwide to take measures such as lockdowns and quarantines to stop its spread. Since March 2020, Nepal has also imposed restrictions on movements and lockdowns, which inevitably led to social and economic hardships such as job loss, disruptions in public services, and […]
Kathmandu / Jan 19: Owners of electric vehicles (EVs) can now keep additional electric equipment to charge their vehicles at their home or office as Nepal Electricity Authority (NEA) has now decided to allow people concerned to upgrade electricity supply for the purpose. By enforcing the Electricity Distribution Bylaw 2022, the state-owned power utility has […]
Kathmandu / Jan 18: Nepal Rastra Bank (NRB) has asked the banks and financial institutions (BFIs) to submit their plans for financial literacy programs within the first three months of every fiscal year. Enforcing a Financial Literacy Framework Directive on Monday, NRB has targeted to make it mandatory for the BFIs to invest the prescribed […]
Newbaneshwor
Kathmandu, Nepal
4479401
Editor : Mr. Divesh J.B. Rana
Chairperson : Mr. Kishore Thapa