Kathmandu / July 13: The World Bank (WB) is providing US $ 80 million (around Rs 10 billion) in concessional loan to Nepal for a project to improve the delivery of water and sanitation services and promote integrated water resources management. On Wednesday, Finance Secretary Madhu Kumar Marasini and the WB Country Director for the […]
Kathmandu / July 7: About half of the total credit issued by banks and financial institutions (BFIs) is contributing to increase the trade deficit significantly, shows a study report conducted by the Confederation of Banks and Financial Institutions Nepal (CBFIN). Unveiling the report at a program organized on Thursday, the umbrella organization of BFIs revealed […]
Rajaram Karki / Kathmandu, July 1: The government statistics for the last decade indicate the country’s rising dependency on rice. In the fiscal year 2069-70 BS (2012-13), rice worth Rs 20 billion were imported into the country and the figure rose by 150 per cent to touch Rs 50 billion in the first eleven months […]
Adarsha Subedi / Kathmandu: The invasion of Ukraine by Russia started on 24th February 2022 is not only affecting the countries involved in the war and their neighbors but also affecting the countries like Nepal, which are heavily reliant on the import of goods. Russia had occupied major cities like Kharkiv, Mariupol, Kherson Makarov, and […]
Kathmandu / June 19: Managing Director of the Development Policy and Partnerships, the World Bank (WB), Mari Elka Pangestu today paid a courtesy call on Minister of Finance Janardan Sharma at the latter’s office in Singha Durbar. On the occasion, the minister reminded of relations and development partnerships between Nepal and the WB for a […]
Kathmandu / June 19: More than a half of the manufacturing industries operating in the country have still been relying on generators fed electricity supply to meet their demand, showed a survey conducted recently. This comes amid complaints from the government authorities that electricity generated in the country was going in a waste due to […]
Kathmandu / May 29: The government has presented a total of Rs. 1793.83 billion for the upcoming fiscal year of 2022/023. Finance Minister Janardan Sharma presented the annual budget at the joint session of the federal parliament today. Compared to the last year’s annual budget, this year’s budget is up by 8.87 per cent. Expenses: […]
Kathmandu / May 28: Nepal Rastra Bank (NRB) has said it will tighten the money supply further if the soaring consumer inflation and existing pressure on foreign currency reserves are not eased. Through the third quarterly review of monetary policy unveiled on Friday, NRB has said that the flexible policy adopted during the impacts of […]
Bhairahawa / May 13: Jazeera Airways will operate regular flights to the Gautam Buddha International Airport (GBIA) of Bhairahawa from June 12. Jazeera, which has taken approval from GBIA, will operate the opening flight on May 16 (day of Buddha Jayanati). Nepal government has assigned May 16 as the flight opening day for the airways […]
Kathmandu / May 11: The consumer price inflation during the one-month period from mid-March to mid-April increased more than double this year compared to the same period of the last fiscal year, owing to a surge in the prices of overall food and non-food items and services. According to a nine-month report on ‘Current Macroeconomic […]
