Economy

Nepal imports electric decorative lights worth Rs 600 mln for Tihar

Chitwan / Nov. 06: Tihar, also known as the ‘festival of lights’ has already begun in the country, people are busy buying electric decorative lights across the country including in Chitwan. Electric decorative lights worth over Rs 600 million have entered the country for the specific purpose of the Tihar festival this time around. Such […]


Govt collects Rs 206.6 billion in revenue in three months

Kathmandu / Nov 4: Government has collected Rs 206.6 billion in revenue so far in the current fiscal year 2018-19. The collection amounts to 27.57 per cent of this year’s revenue collection target of Rs 904.5 billion. This year so far has recorded an increment in revenue collection due to reforms at customs points and […]


Finance Minister suggests master plan for prosperity

Kathmandu / Nov. 3: Finance Minister Dr Yubraj Khatiwada has said Guthi Sansthan should be developed as a modern social corporation. Speaking at a programme organized on the 55th anniversary of Sansthan in the capital city today, Minister Khatiwada pointed out the need for timely changes in it by safeguarding the existence of the Sansthan. […]


Magnificent Rara lacks physical infrastructure

Mugu / Oct 31: The Rara Lake is located at Chhayanath Rara municipality of Mugu in the Karnali Province. Its splendid beauty has no bounds with mind-blowing greenery in the surrounds. Located in the lap of dense forest of the Rara National Park, Rara Lake is widely popular as a prime tourist destination of Nepal. […]


Inflation higher in hilly region; Remittance increases, says NRB report

Kathmandu / Oct 30: The y-o-y consumer price inflation has increased to 3.9 percent in mid-September this year from 3.4 percent in the same period of the previous year. The increase in the price of non-food and services group contributed to a rise in overall inflation in the review period, according to Nepal Rastra Bank. […]


Agriculture Minister highlights China’s support to promote Nepal’s tea industry

Kathmandu / Oct 29: Minister for Agriculture, Land Management and Cooperatives, Chakrapani Khanal, has underlined the need of making efforts to follow the pace of development achieved by China. Taking part in a conference on tea culture of Nepal and Sichuan Province of China here today, the minster described the Nepal-China bond incomparable and strong. […]


Herbal farming improving socio-economic status of Kanchanpur women

 Kanchanpur / Oct 20: A group of women engaged in the herbal farming at Beldandi in Shuklaphanta Municipality in Kanchanpur district has been achieving economic independence thereby uplifting their socio-economic status since their herbal farming began to thrive. They have become a veritable backbone of subsistence herbal farming in their locality which is suitable for […]


IMF keeps Nepal’s growth projection unchanged at 5%

Kathmandu / Oct 10: The International Monetary Fund (IMF) has kept economic growth projection for Nepal for the current Fiscal Year 2018/19 unchanged at 5 percent. Earlier in April also, IMF had project 5 percent growth rate for FY2018/19. Releasing World Economic Outlook — a survey conducted and published by the IMF twice a year […]


Post-quake reconstruction entering into socio-economic restoration phase: NRA

Kathmandu / Oct 9: The Nepal Reconstruction Authority (NRA) is preparing to take post-quake reconstruction into socio-economic restoration phase. NRA Chief Executive Officer Sushil Gyawali shared the information at a discussion recently held with the World Bank towards this end. At an interaction program organized here today by the Freedom Forum, CEO Gyawali stated that […]


ADB to provide 180 million US dollar loan to Nepal

Kathmandu / Oct 4: The Asian Development Bank (ADB) has decided to provide a loan of 180 million US dollars to support improvements to Nepal’s East–West Highway, the country’s main domestic and international trade route also known as the Mahendra Highway. A meeting of the Board of Directors of the Asian Development Bank held in […]




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