• Saturday, May 31, 2025

Economy

Country receives Rs 640.43 billion in remittances in five months

Kathmandu / Jan 10: The consumer price inflation has stood at 6.05 percent in mid-December 2024 compared to 4.95 percent a year ago, according to the central bank. Issuing a report on Current Macroeconomic and Financial Situation of Nepal (Based on Five Months Data Ending Mid-December, 2024/25) on Friday, the Nepal Rastra Bank stated that […]


Govt receives advisory commission’s report on economic reform

Kathmandu / Jan 8: The government received the report of the high-level economic reform commission on Wednesday. Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel received the report. The commission formed under the chairmanship of former finance secretary Rameshwor Khanal submitted the report, suggesting a list of works to be carried out in three […]


Draft of ‘progressive’ Development Cooperation Policy prepared

Kathmandu / Jan 7: The government has prepared a draft of the Development Cooperation Mobilization Policy, 2081 BS, aimed at enhancing the management of development cooperation in response to the changing national and international scenario in the relevant area. This policy aligns with the shifting priorities of international development partners, a decline in concessional loans, […]


Export promotion, import substitution needed for economic development: FNCCI president Dhakal

Kathmandu / Jan 7: President of Federation of Nepali Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal has pointed at the need of concrete steps on the part of the government to promote exports and substitute imports for economic development of the country. Speaking at a programme held on the occasion of the 9th […]


Minister Pandey insists on role of private sector for prosperity of tourism industry

Kathmandu / Jan 2: Minister for Culture, Tourism, and Civil Aviation Badri Prasad Pandey has stressed the private sector’s role in driving the prosperity of the tourism industry. During a meeting of the International Relations and Tourism Committee of the House of Representatives (HoR) today, the Minister shared that the Ministry had already organized two […]


Bill designed to amend the Prevention of Corruption Act passed

Kathmandu / Jan. 02: State Affairs and Good Governance Committee of the House of Representatives has passed the Bill designed to amend the Prevention of Corruption Act, 2059. Today’s meeting of the Committee passed the bill along with the report of the sub-committee on the proposal of Chairperson Ram Hari Khatiwada. A sub-committee was formed […]


NOC revises fuel prices, hikes petrol by Re1 per litre and diesel by Rs2 per litre

Kathmandu / Dev 31: Nepal Oil Corporation (NOC) has revised fuel prices, increasing the price of petrol by Re1 per litre and diesel by Rs2 per litre. With this adjustment, petrol now costs Rs163 per litre and diesel Rs153 per litre in the Kathmandu Valley. NOC spokesperson Manoj Thakur announced that the price of domestic […]


Karnali and Lumbini govts to jointly study feasibility of tunnel on Ratna Highway

Nagendra Upadhyay / Surkhet: Karnali and Lumbini provinces have agreed to collaborate on a feasibility study for the construction of tunnels at two locations along the Ratna Highway, which connects the two provinces. The decision was made in a joint commitment issued after talks between the chief ministers of the two provinces on Friday. The […]


Nepal exports electricity worth Rs 13.4 billion to India in first five months of current FY

Kathmandu / Dec 21: Nepal has exported electricity worth Rs 13.4 billion to India in the first five months of the current Fiscal Year (FY) 2024/25. The Nepal Electricity Authority (NEA) has exported 1.76 billion units of electricity to India during the months of Shrawan (mid-July to mid-August), Bhadra (mid-August to mid-September), Ashoj (mid-September to […]


Nepal, ADB sign loan and grant agreements amounting to Rs 105.59 billion

Kathmandu / Dec 20: The Government of Nepal and the Asian Development Bank (ADB) have signed loan and grant agreements amounting to 777.6 million US Dollar (equivalent to Rs 105.59 billion) for the implementation of three projects and a programme. The Financing agreement for the implementation of Kathmandu Valley Water Supply Improvement Project (phase 2), […]




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