Economy

Survey reveals COVID-19 likely to push 33 % households below Poverty

Kathmandu / Jan 22: The pandemic caused by the COVID-19 pushed many governments worldwide to take measures such as lockdowns and quarantines to stop its spread. Since March 2020, Nepal has also imposed restrictions on movements and lockdowns, which inevitably led to social and economic hardships such as job loss, disruptions in public services, and […]


Residents can install EVs charging units for their personal use: NEA

Kathmandu / Jan 19: Owners of electric vehicles (EVs) can now keep additional electric equipment to charge their vehicles at their home or office as Nepal Electricity Authority (NEA) has now decided to allow people concerned to upgrade electricity supply for the purpose. By enforcing the Electricity Distribution Bylaw 2022, the state-owned power utility has […]


NRB makes it mandatory for BFIs to invest in financial literacy programs

Kathmandu / Jan 18: Nepal Rastra Bank (NRB) has asked the banks and financial institutions (BFIs) to submit their plans for financial literacy programs within the first three months of every fiscal year. Enforcing a Financial Literacy Framework Directive on Monday, NRB has targeted to make it mandatory for the BFIs to invest the prescribed […]


Banks initiate merger in line with NRB Objective

Ajay Chhetri / Kathmandu, Jan. 17: Merger and acquisition process of commercial banks have been found initiated in line with Nepal Rastra Bank (NRB) objectives. Recently, Nabil Bank and Nepal Bangladesh Bank signed a memorandum of understanding (MoU). Both the banks signed the agreement on January 13 with the share swap ratio between Nabil Bank […]


Inflation soars to 7.11 percent

Kathmandu / Jan 13: The consumer price inflation hit 7.11 percent as of mid-December, which is 0.6 point percent higher than the government’s annual target for this fiscal year. According to Nepal Rastra Bank (NRB)’s report on Current Macroeconomic and Financial Situation, the average price has gone up at an alarming rate compared to that […]


NRB Governor doubts on achieving 7 % economic growth

Kathmandu / Jan 9: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said achieving the economic growth rate of seven percent targeted by the government for this fiscal year will be a herculean task. Speaking at a parliamentary Public Accounts Committee meeting on Sunday, the country’s central bank governor expressed his view on the […]


Only 20% work of Nepalgunj ICP in 16 Years, industrialists worried

Nepalgunj / Dec. 30: The construction work of ICP (Integrated Customs Check Post) under construction at Nepalgunj has been completed only 20 per cent in 16 years. An agreement was reached to build ICPs at Biratnagar, Birgunj, Nepalgunj and Bhairahawa in Nepal 16 years ago in 2005. However, after completing the construction in Biratnagar and […]


High demand from Chinese Traders benefitting Rudrakshya market

Sankhuwasabha / Dec. 26: Most of the Rudrakshyas produced in the Arun Valley area of Nepal are exported to China, except for a small quantity to India. Until a few years ago, only Rudrakshyas with more than seven mouths were sold, but lately Rudrakshyas with five mouths are also getting the buyers. Although Rudrakshya’s export […]


FWEAN elects new Working Committee

Kathmandu / Dec 25: The 18th Annual General Meeting of the Federation of Women Entrepreneurs Associations of Nepal (FWEAN) held on Thursday elected a new Working Committee led by Niru Raimajhi Khatri. The 18th General Assembly and the eighth convention held in Kathmandu on Thursday elected a 27-member working committee led by Khatri. Shobha Gyawali […]


Rapid Response Team formed to address problems of Foreign Employment Sector

Kathmandu / Dec 18: The government has formed a rapid response team to check possible manoeuvring in the foreign employment sector. The rapid response team was formed under direct monitoring of the Director-General of the Department of Foreign Employment with representatives from concerned bodies as members. The Director of the Department is the coordinator of […]




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