Economy

Nepal’s remittance earnings as of third quarter end grew 16.5 percent to Rs 729 billion

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 […]


Entrepreneurs demand govt declare tourism industry as crisis-ridden

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 […]


ADB launches Asia Pacific Tax Hub to help member states strengthen domestic resource mobilization

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 […]


Nepal’s GDP is expected to grow by 3.1 percent

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, […]


Gross FDI inflow up by 18.2, FDI stock down by 8.8 %

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 […]


FNCCI calls applications from Startups

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 […]


Nepal being dragged to an increasing debt burden: World Bank

Kathmandu / April 12: The World Bank (WB) has projected that Nepal’s public borrowing will reach around half of the country’s gross domestic product (GDP) in the next fiscal year. Unveiling ‘Nepal Development Update’ on Monday, the WB estimated that Nepal will be having public debt of 47.9 percent of the country’s GDP in 2021/22. […]


Global Economic Crisis and Reform after Covid-19

Adarsha Subedi / Kathmandu: The year 2020 has not been something we envisioned or expected yet something we needed to adjust to. An infection known as COVID – 19 so threatening surfaced in our current circumstance closing the whole world down. As per the WHO, COVID – 19 has disturbed in excess of 100 million […]


4,400 houses constructed under People’s Housing Scheme in Siraha and Saptari

Dhirendra Prasad Sah, Rajbiraj, Jan. 19: The National Planning Commission (NPC) held an interaction with local level people’s representatives and stakeholders of Saptari and Siraha districts in Rajbiraj on Tuesday for the internal evaluation of the People’s Housing (Janata Awash) programme. In the interaction, officials at the Urban Development and Building Office (Saptari-Siraha) Rajbiraj briefed […]


68 percent progress in Pokhara regional airport; likely to complete in 6 months

Pokhara / Jan 8: The construction work of the Pokhara regional airport has made 68 per cent progress so far. According to the Airport construction project, the construction activities of the airport would be completed within next six months. Looking at the current progress, it seems that the construction of the airport would be completed […]




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