Economy

Imports of EVs up by 164% despite poor infrastructure facility

Ajay Chhetri / Kathmandu, Nov. 29: The import of electric vehicles (EV) has increased sharply. The Customs Department data reveals that it’s triggered by 164.09 per cent to 4075 up from 1543 in the four months of the current fiscal year (FY) in comparison to the same previous duration. The data also shows a spiking […]


Urban People doubts inflection may go up: NRB Survey

Ajay Chhetri / Kathmandu, Nov. 22: The Nepal Rastra Bank (NRB) survey has shown that 87.1 per cent of the respondents are expecting inflation in the next quarter. According to the Inflation Expectations Survey (IES) of the first quarter, 96.3 per cent of the respondents have expected price levels to increase over the next year. […]


USD 80 million Rural Enterprise and Economic Development Project

Kathmandu / Nov 18: The government with support of the World Bank (WB) has launched the Rural Enterprise and Economic Development (REED) Project. Minister for Agriculture and Livestock Development Mahindra Ray Yadav and the WB Country Director for Maldives, Nepal, and Sri Lanka Faris Hadad-Zervos jointly launched the project amid a special program held on […]


Aggregate expenditures strides but capital expenditure remains Tepid

Ajay Chhetri / Kathmandu, Nov. 17: The federal government expenditure in the first four months of the current fiscal year (FY) has remained encouraging in comparison to the previous FY. Total expenditure in the first four months of the current FY recorded Rs. 287.5 billion up from Rs 268.9 billion of the same period in […]


Remittance tumbles by 7.6 Percent amid Liquidity Shrink

Kathmandu / Nov. 16: The amount of remittance of the first three months of the current fiscal year (FY) has decreased by 7.6 per cent in comparison to the same period of the previous FY. According to the “Current Macroeconomic and Financial Situation of Nepal” released by Nepal Rastra Bank, the remittance has slid to […]


One Billion Business Continuity Loan for COVID-19 affected Industries

Kathmandu / Oct 26: The government has till the second month of the current fiscal year provided a loan worth one billion rupees for the payment to the employees and workers of tourism and cottage industries. The business continuity loan has been extended to the COVID-19 affected tourism, cottage, small and medium industries for payment […]


Trade deficit up by 58.28% in the first Quarter

Kathmandu / Oct. 25: Trade deficit has increased by 58.28 per cent in the first quarter of the current fiscal year (FY). The Foreign Trade Statistics (FTS) provided by Custom Department showed that the trade deficit in the first quarter amounted to Rs 413.47 billion up from Rs 261.2 billion in the same quarter of […]


Export doubles yet remains as One-Seventh of Imports

Kathmandu / Sept. 25: In the first two months of the current fiscal year (FY), export rose by 115.43 per cent in comparison to the same period of the previous FY. According to the Foreign Trade Statistics (FTS) released by the Department of Customs on September 25, in the first two months of the current […]


Time matters more than Economic Resources: Minister Bhusal

Kathmandu / Sept. 24: The World Bank’s representatives including its Vice-President for the South Asian region Hartwig Schafer have paid a courtesy call on Minister for Energy, Water Resources, and Irrigation Pampha Bhusal on Friday. In the meeting held at the Ministry of Energy, Water Resources, and Irrigation, the two discussed various projects funded by […]


Finance Minister for considering People while making Investment Decision

Ajay Chhetri / Kathmandu, Sept. 21: Finance Minister Janardan Sharma has advocated for considering people while taking an investment decision. Addressing a program “Government Capital Expenditure and foreign direct investment in Nepal”, organized jointly by the Central Department of Economics, Kritipur and Confederation of Bank and Financial Institutions Nepal, he said that common people should […]




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