Kathmandu / Oct 8: The World Bank (WB) has estimated Nepal’s economic growth rate to reach 5.1 percent in the fiscal year 2022/23, which is way higher than the projection of 4.7 percent made by the Asian Development Bank. Unveiling the report entitled ‘Latest Macroeconomic Update,’ the WB has estimated the higher economic growth rate […]
Kathmandu / Oct 1: Nepal Rastra Bank (NRB) has revoked the operatinglicense of all money changers operating at airports except for those operating at Tribhuvan International Airport in Kathmandu and Gautam Buddha International Airport in Bhairahawa. The NRB made such a provision by amending the integrated circular 2078 BS. According to NRB, the work related […]
Kathmandu / Sept 21: Nepal’s economy is estimated to grow moderately by 4.7 percent (at market prices) in 2023, according to the Asian Development Bank (ADB). Unveiling its flagship economic publication ‘Update of the Asian Development Outlook (ADO) 2022’ on Wednesday, the ADB has downsized the projected growth of the country’s GDP from 5.8 percent […]
Kathmandu / Sept. 19: Nepal Electricity Authority (NEA) is signing power purchase agreements (PPAs) with hydropower projects for the production of around 1,500 MW hydroelectricity. According to the NEA, it has moved forward to open the PPA on Run of the River (RoR) hydropower projects. The state-owned power utility has put on hold the PPA […]
Kathmandu / Sept. 14: The Asian Development Bank (ADB) on Tuesday approved US $70 million of financing to improve the livelihood and climate resilience of horticulture farmers in the hilly areas of five provinces in Nepal. As a part of ADB’s overall efforts to address potential risks on food insecurity, the project will boost the […]
Kathmandu / Sept. 8: The government is preparing to run the closed industries by this fiscal year by unveiling policies needed for this feat. Releasing the key accomplishments of his five-month in office, Minister for Industry, Commerce and Supplies Dilendra Prasad Badu said on Thursday that the private-public partnership would be taken into consideration to […]
Kathmandu / Sept 7: The government is extending the timeline allowing banks to consider up to 80 percent of the reserve funds of local governments in their deposit by another six months, citing the deepening liquidity crisis with the banks. Last December, the government increased the limit for the banks to consider the funds released […]
Kathmandu / Sept. 6: The Kathmandu Upatyaka Khanepani Limited (KUKL) has annulled a contract with Safbon Water Service (Holding) Inc (SWSHS), Shanghai, after the Chinese construction company failed to accomplish its task according to the contract. The KUKL had awarded SWSHS with a contract to construct water purification plants in Sallaghari of Bhaktapur and Balkumari […]
Kathmandu / Aug. 29: The Government and the World Bank (WB) today signed a concessional financing agreement for $100 million (equivalent to Rs. 12.7 billion) for Green, Resilient, and Inclusive Development (GRID). The proposed budgetary support aims to support improvements in the enabling environment in Nepal toward green, climate-resilient, and inclusive development. This is the […]
Kathmandu / Aug. 21 : Senior Vice President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, has said that the export of agricultural products should be increased to solve the problem of foreign exchange reserves. In the aftermath of the COVID-19, amidst growing imports, the country is facing external […]
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Kathmandu, Nepal
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Editor : Mr. Divesh J.B. Rana
Chairperson : Mr. Kishore Thapa