Economy

Magnificent Rara lacks physical infrastructure

Mugu / Oct 31: The Rara Lake is located at Chhayanath Rara municipality of Mugu in the Karnali Province. Its splendid beauty has no bounds with mind-blowing greenery in the surrounds. Located in the lap of dense forest of the Rara National Park, Rara Lake is widely popular as a prime tourist destination of Nepal. […]


Inflation higher in hilly region; Remittance increases, says NRB report

Kathmandu / Oct 30: The y-o-y consumer price inflation has increased to 3.9 percent in mid-September this year from 3.4 percent in the same period of the previous year. The increase in the price of non-food and services group contributed to a rise in overall inflation in the review period, according to Nepal Rastra Bank. […]


Agriculture Minister highlights China’s support to promote Nepal’s tea industry

Kathmandu / Oct 29: Minister for Agriculture, Land Management and Cooperatives, Chakrapani Khanal, has underlined the need of making efforts to follow the pace of development achieved by China. Taking part in a conference on tea culture of Nepal and Sichuan Province of China here today, the minster described the Nepal-China bond incomparable and strong. […]


Herbal farming improving socio-economic status of Kanchanpur women

 Kanchanpur / Oct 20: A group of women engaged in the herbal farming at Beldandi in Shuklaphanta Municipality in Kanchanpur district has been achieving economic independence thereby uplifting their socio-economic status since their herbal farming began to thrive. They have become a veritable backbone of subsistence herbal farming in their locality which is suitable for […]


IMF keeps Nepal’s growth projection unchanged at 5%

Kathmandu / Oct 10: The International Monetary Fund (IMF) has kept economic growth projection for Nepal for the current Fiscal Year 2018/19 unchanged at 5 percent. Earlier in April also, IMF had project 5 percent growth rate for FY2018/19. Releasing World Economic Outlook — a survey conducted and published by the IMF twice a year […]


Post-quake reconstruction entering into socio-economic restoration phase: NRA

Kathmandu / Oct 9: The Nepal Reconstruction Authority (NRA) is preparing to take post-quake reconstruction into socio-economic restoration phase. NRA Chief Executive Officer Sushil Gyawali shared the information at a discussion recently held with the World Bank towards this end. At an interaction program organized here today by the Freedom Forum, CEO Gyawali stated that […]


ADB to provide 180 million US dollar loan to Nepal

Kathmandu / Oct 4: The Asian Development Bank (ADB) has decided to provide a loan of 180 million US dollars to support improvements to Nepal’s East–West Highway, the country’s main domestic and international trade route also known as the Mahendra Highway. A meeting of the Board of Directors of the Asian Development Bank held in […]


‘Made in Pakistan’ expo kicks off in capital

Kathmandu / Oct 3: The ninth edition of ‘Made in Pakistan’ expo has kicked off in the capital from Wednesday. The weeklong expo was inaugurated by Himalaya Shamsher Rana, President of Nepal-Pakistan Friendship Association. The single country Made in Pakistan Expo is organized by the Rawalpindi Chamber of Commerce and Industry in collaboration with a […]


ADB provides $130 million to boost access to urban water and sanitation in Nepal

Kathmandu / Sept 27: The Board of Directors of the Asian Development Bank (ADB) has approved a loan of $130 million to improve access to community-managed water supply and sanitation in 20 urban municipalities of Nepal. “Unmanaged rapid urban growth and lack of improved water supply and sanitation have led to environmental degradation, public health […]


Nepal’s economy to grow at a healthy, but slower rate in FY2019: ADB

Kathmandu / Sept 26: Nepal’s economy is anticipated to grow by 5.5% (at basic prices) in fiscal year (FY) 2019, down from 5.9% a year earlier says the latest Asian Development Bank (ADB) Nepal Macroeconomic Update. “The growth forecast represents a continued trend reversal but is substantially higher than the average rate of 4.3% in […]




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