Economy

News Analysis: Nepali industrialists see prospect of increased FDI amid improving business climate

by Prithvi Shrestha Kathmandu, May 27 : Nepali industrialists have expected a surge in foreign direct investment (FDI) in Nepal in the coming days as the country is heading toward political stability after recent national elections. After 16 years, the ruling party has had the absolute majority in the parliament which will contribute to the […]


Govt projects 5.5 per cent economic growth in the current fiscal; Govt to unveil budget on Tuesday

Kathmandu / May 27 : Finance Minister Dr Yuba Raj Khatiwada has presented the economic survey of the current fiscal year and annual status review of public enterprises in a parliamentary meeting today. The survey projected a 5.5 per cent economic growth rate in the current fiscal year. Likewise, per capita income is estimated to […]


VPT wants Nepal’s liaison officer in city

An eminent persons’ group from Nepal and (India) which visited the city on Thursday expressed satisfaction over the facilities available at the Visakhapatnam Port. The port has been designated as the second gateway for Nepal-bound cargo after Kolkata-Haldia. Visakhapatnam Port Trust Chairman M.T. Krishna Babu and Deputy Chairman P.L. Haranadh who interacted with the team […]


CAAN conducts successful test flight at Rajbiraj airport

RAJBIRAJ, May 24: The Civil Aviation Authority of Nepal (CAAN) has confirmed that the test flight conducted in Rajbiraj Airport on Wednesday was successful. However the locals will have to wait for a few more weeks for regular flights. A CRJ200 jet engine of Shree Airlines with the capacity of carrying 50 passengers successfully completed […]


Fast Track, Mid-Hills & Postal Highway within five years : Minister Mahaseth

KATHMANDU: Minister for Physical Infrastructure and Transport Raghubir Mahaseth said the government’s new policies and programmes has given priority to the road mapping, tunnel way and highway bridge constructions. Speaking at programme in Kathmandu on Tuesday, Minister Mahaseth said the government, through its policies and programmes, unveiled its targets of completing all the works relating […]


Country will get progressive and socialism-oriented budget: PM Oli

KATHMANDU, May 22: Prime Minister KP Sharma Oli has said that the government would bring progressive and socialism oriented budget. Addressing the parliamentarians of the Communist Party of Nepal represented in the Federal Parliament at Baluwatar on Tuesday, Prime Minister said that the budget would be prepared as per the people’s expectation. He further said […]


Govt policies, prgms: Double figure economic growth, double per capita income in 5 years

Kathmandu / May 21: The government has set a target of graduating the country to the status of middle income within 10 years. The policies and programmes presented during the joint meet of the federal parliament by President Bidya Devi Bhandari on Monday, mentioned that the government aims to achieve a double figure economic growth […]


Myanmar, Nepal to boost trade

Kathmandu/May 17, Myanmar and Nepal will cooperate to raise trade between the two countries and will sign a Memorandum of Understanding to strengthen economic ties soon, with bilateral trade totaling US$8 million in 2017-18 fiscal year. During a meeting between Myanmar and Nepal at the Union of Myanmar Federation of Chambers of Commerce and Industry […]


IPB gives approval to Chinese company to invest Rs 14 billion in Super Sanjen; Investment of Super Madi approved

Kathmandu / May 15: Chinese investment is flowing in one after the other in the energy sector in Nepal in recent days. In this connection, a meeting of the Investment Promotion Board (IPB) under the Department of Industries has recently given approval to a Chinese company to bring in investment of Rs 14 billion in […]


World Bank to provide 266 mil USD concessional loan to Nepal

Kathmandu / May 10: The World Bank (WB) has agreed to provide concessional loan of 200 million US dollar under the First Programmatic Fiscal and Public Financial Management Development Policy Credit (DPC) in budgetary support and 66 million US dollar for Rani Jamara Kulariya Irrigation Scheme. At a programme organised at Finance Ministry on Thursday, […]




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