Kathmandu / May 29: Finance Minister Bishnu Poudel on Saturday unveiled a budget of Rs 1.647 trillion (Rs 1,647,570,000,000) for the upcoming fiscal year 2021/22. Of the total amount of the budget, Rs 678.610 billion has been earmarked for recurrent expenditure while Rs 347 billion for capital expenditure by the federal government. Similarly, Rs 279.7 […]
Ajay Chhetri, Kathmandu, May 27: The dilemma of star hotels has been rising with the continuous extension of the Prohibitionary Order to curb spread of the novel coronavirus infection. Due to the shutdown, the business of over Rs. 300 million a day has been disrupted. Besides, there is looming uncertainty in income source of over […]
Kathmandu / May 25: Nepal Rastra Bank (NRB) has created a fund of Rs 50 billion to support providing payments to the workers in tourism, cottage, small and medium size industries that are largely affected by COVID-19. Speaking in the 49th meeting of the board of directors of Asian Clearing Union (ACU), NRB Governor Maha […]
Ajay Chhetri / Kathmandu, May 13: Exports to India have increased by 23.5 per cent in the previous nine months. It is evident from nine months period statistics of the Current Macroeconomic and Financial Situation of Nepal released by the Nepal Rastra Bank on Wednesday. According to the statistics, the export has reached Rs 68.43 […]
Kathmandu / May 11: Nepal’s remittance earnings in the first nine months of the current fiscal year rose by 16.5 percent compared to that of the same period of the last fiscal year, despite a massive drop in the outgoing number of migrant workers. According to Nepal Rastra Bank’s nine months’ report under ‘Current Macroeconomic […]
Kathmandu / May 8: Tourism entrepreneurs have urged the government to declare the tourism industry as a crisis-ridden one, in the wake of the effects of the second wave of COVID-19 on the industry. Gopi Bahadur Bhattarai, chairman of Pokhara Tourism Council, said the spread of the coronavirus of late has seriously affected the tourism […]
Kathmandu / May 5: The Asian Development Bank (ADB) has launched an Asia Pacific Tax Hub, with the aim to create an open and inclusive platform to promote strategic policy dialogue, improve knowledge-sharing, and strengthen coordination on tax policy and administration among ADB, its members, and development partners. The hub is expected to maximize regional […]
Kathmandu / Apr. 28: Nepal’s gross domestic product (GDP) is anticipated to grow by 3.1% in fiscal year (FY) 2021 from a contraction of 1.9% in FY2020, says the Asian Development Outlook (ADO) 2021, the flagship economic publication of the Asian Development Bank (ADB). Growth is expected to recover from the low base in FY2020, […]
Kathmandu / April 23: Gross Foreign Direct Investment (FDI) inflows rose by 18.2 per cent at the end FY 2018/19, amounting to Rs. 19.68 billion, according to the FDI survey report of Nepal Rastra Bank, 2021. However, total stock of FDI stock diminished by 8.8 per cent in 2018/19, shrinking to Rs. 182.92 billion. In […]
Kathmandu / April 18: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has called for applications from those seeking support for scaling up and establishing a new business or the startup. The FNCCI made this announcement through its official website on April 16 for the online application. The Startups and Innovation Committee (SUIC) of […]
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Editor : Mr. Divesh J.B. Rana
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