Economy

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 […]


Post-earthquake reconstruction 90 percent complete: FinMin Sharma

Kathmandu / Dec 8: Finance Minister Janardan Sharma has said that 90 percent of the post-earthquake reconstruction work has been completed. Speaking at an international conference on reconstruction organized by the National Reconstruction Authority to share the experience and progress of post-earthquake reconstruction with the international community, Finance Minister Sharma said that the reconstruction work […]


IMF providing three-year US $ 400 million financing package to Nepal

Kathmandu / Dec 7: Nepal has stepped up to receive a loan amounting US $ 400 million from the International Monetary Fund (IMF) under the Extended Credit Facility. According to a press statement issued by the IMF, it is supporting Nepal with a 38-month program to help the country in its process of economic recovery […]


Nepal Airlines permitted to carry dangerous goods

Kathmandu / Dec. 6: The national flag carrier, Nepal Airlines, has been permitted to transport dangerous goods. This is so far the first time in its operational history of 63 years that the National Airlines is allowed to carry dangerous goods in international flight. Regulatory body, Civil Aviation Authority of Nepal has granted permission letter […]


FNCCI urges govt to simplify policy and procedural hurdles in taxation

Kathmandu / Dec 2: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has urged the government to simplify the policy and procedural difficulties in taxation. In a meeting with Shova Kanta Poudel, director general of the Inland Revenue Department on Thursday, the umbrella organization of the private sector, expressed its concern. According to […]


Govt effortful to create Conducive Environment for Investment: PM Deuba

Kathmandu / Dec. 1: Prime Minister Sher Bahadur Deuba has urged domestic and foreign investors to invest confidently in the country as he said the government would take all possible efforts to ease the environment conducive for investments and decrease trade costs. “Your investments and properties in Nepal will be secured. I assured that the […]


Inflation and Cost of Loan remained low in Previous FY

Ajay Chhetri / Kathmandu, Nov 30: Inflation and cost of the loanable fund remained low in the FY 2020/21. The annual report of Nepal Rastra Bank (NRB) showed that average inflation in the FY 2020/21 remained at 3.60 per cent down from 6.15 per cent a year earlier. Also, the average interest on loan remained […]


Imports of EVs up by 164% despite poor infrastructure facility

Ajay Chhetri / Kathmandu, Nov. 29: The import of electric vehicles (EV) has increased sharply. The Customs Department data reveals that it’s triggered by 164.09 per cent to 4075 up from 1543 in the four months of the current fiscal year (FY) in comparison to the same previous duration. The data also shows a spiking […]


Urban People doubts inflection may go up: NRB Survey

Ajay Chhetri / Kathmandu, Nov. 22: The Nepal Rastra Bank (NRB) survey has shown that 87.1 per cent of the respondents are expecting inflation in the next quarter. According to the Inflation Expectations Survey (IES) of the first quarter, 96.3 per cent of the respondents have expected price levels to increase over the next year. […]


USD 80 million Rural Enterprise and Economic Development Project

Kathmandu / Nov 18: The government with support of the World Bank (WB) has launched the Rural Enterprise and Economic Development (REED) Project. Minister for Agriculture and Livestock Development Mahindra Ray Yadav and the WB Country Director for Maldives, Nepal, and Sri Lanka Faris Hadad-Zervos jointly launched the project amid a special program held on […]




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