Economy

Tea worth Rs 38 million exported

Jhapa / Feb 7 : Tea worth Rs 38 million has been exported from Nepal. According to National Tea and Coffee Development Board, tea farming is done in around 27,500 hectares of land and Jhapa covers more than one third of the total tea gardens. Of the total 28 million kilograms of tea, Jhapa produces […]


Economic growth not possible sans private sector: Minister Bhandari

Kathmandu / Feb 4: Minister for Industry, Commerce and Supplies, Damodar Bhandari, has insisted on the involvement and promotion of the private sector in the journey towards national prosperity. While inaugurating the ninth AGM of the Nepal Printers’ Association Federation here today, the Minister ruled out the possibility of achieving economic growth without the private […]


Finance Ministry prepares action plan for policy priorities and minimum programmes

Kathmandu / Jan 29: The Ministry of Finance has prepared an action plan for the implementation of the policy priorities and minimum programmes. According to the Ministry, the action plan mentions policies and programmes, milestones, resources, time limitations, monitoring and evaluation indicators and so on. The action plans to talk about promoting effectiveness in revenue […]


Startup work procedures and project loans to be implemented soon: Finance Minister

Kathmandu / Jan 23: Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel has said the startup work procedures and provision on project loans would be implemented soon. Addressing the Small and Medium Enterprises Conference organized by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) in Lalitpur on Monday, Finance Minister Poudel asserted […]


Capital expenditure a meager 14% in six months

Laxman Kafle / Kathmandu, Jan 17 : The chronic problem of slow pace of capital expenditure of the government has persisted in the current fiscal year as well. The capital expenditure stands at only 14.05 per cent by the end of six months of the current fiscal year (by January 14, 2023), according to the […]


Doti farmers reap huge benefit from orange farming

Dipayal / Jan 14: Farmers of Doti district have found their niche in orange farming. They have secured handsome income from it. Orange farming is done in Jorayal, Badikedar and Bogatan Fudsil Rural Municipalities in the district, and its market is local area, Dipayal, Attariya, Dhangadhi, Tikapur, and Mahendranagar. A kg of orange fetches Rs […]


NRB Report: BoP remains surplus

Kathmandu / Jan 13: The Nepal Rastra Bank (NRB) report showed that the balance of payment (BoP) has remained surplus of Rs 45.87 billion at the end of mid-December 2022/23. According to the NRB’s Current Macroeconomic and Financial Situation report of mid-December 2022/23, the BoP stayed at a surplus of Rs 45.87 billion in the […]


Nepal’s economic growth rate to remain 5.1 percent this year-World Bank report

Kathmandu / Jan 11 : Nepal’s economic growth rate would remain 5.1 percent in the fiscal year 2022/23 and 4.9 percent in 2023/24, a report reveals. The ‘Global Economic Prospect Report’ released by the World Bank (WB) on Tuesday has come up with the forecast. The WB also estimated that Nepal’s economic growth rate would […]


Nepali economy has started to experience side effects of global economic slowdown: NRB Governor Adhikari

Kathmandu / Jan 9: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari on Sunday said that Nepal is facing a serious challenge to keep itself untouched from global economic slowdown. Speaking at the annual general meeting of the Confederation of Banks and Financial Institutions Nepal, Adhikari said the major challenges for the country at present […]


Need to focus on quality of credit than on size: Former FM Khatiwada

Kathmandu / Jan 8: Former Finance Minister and Governor Dr. Yuba Raj Khatiwada has viewed that banks and financial institutions should opt to improve the quality of credit rather than its size. Addressing the Confederation of Bank and Financial Institutions, Khatiwada said that agriculture sector has not been able to take advantage of rise in […]




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