Economy

Cabinet approves PM Oli’s visit to New York for attending 79th UNGA; decides to accept 115 million USD soft loan from ADB

Kathmandu / Sept 6: Prime Minister KP Sharma Oli will leave here for New York, the United States of America, on September 20, leading the Nepali delegation to the 79th General Assembly of the United Nations. A meeting of the Council of Ministers held on Thursday has approved the PM’s itinerary in this connection, said […]


Finance Ministry to invest Rs 600 million loan to DDC

Kathmandu / Sept 2: The Ministry of Finance has granted permission to the Ministry of Agriculture and Livestock Development to present a proposal in the cabinet to provide Rs 600 million loan to the Dairy Development Corporation (DDC). According to the Ministry of Agriculture and Livestock Development, the loan will be provided upon certain conditions. […]


Govt ready for positive intervention in economy: DPM Paudel

Kathmandu / Sept 1 : Deputy Prime Minister and Minister for Finance Bishnu Paudel has expressed the government readiness for tangible interventions for the advancement of national economy. At the 26th annual general meeting (AGM) of Society of Economic Journalists- Nepal (SEJON) held here Sunday, Finance Minister Paudel said the government was effortful to improve […]


Finance Minister Paudel for making Butwal financial capital

Lumbini / Aug 31: Deputy Prime Minister and Finance Minister Bishnu Paudel has said all sides including people’s representatives, civil society and locals need to work together to make Butwal a financial capital. Finance Minister Paudel said it during a discussion on how the Lumbini Province Hospital’s services could be expanded and quality ensured. He […]


Tax-friendly service to be expanded by controlling revenue leakages

Kathmandu / Aug 28: The Central Revenue Leakage Control Committee has introduced a comprehensive plan to boost revenue collection in the current fiscal year by taking measures such curbing revenue leakages and expanding tax-friendly services. In the meeting presided by Deputy Prime Minister and Minister for Finance Bishnu Prasad Paudel in Singha Durbar today, Heads […]


Electricity consumption increases by threefold

Kathmandu / Aug. 26: Electricity consumption has increased by threefold after the end of load shedding in the country and regular supply of electricity. According to the Nepal Electricity Authority, annual electricity consumption reached 10.02 billion units in last fiscal year 2023/24 from 3.72 billion units in the fiscal year 2015/16. In the period of […]


About 60,000 Nepalis left Nepal for foreign employment in the first month of current FY

Kathmandu / Aug 24: In Shrawan (mid-July to mid-August), the first month of the current Fiscal Year 2024/2025 (FY), about 60,000 Nepalis left the country for foreign employment. According to the Department of Foreign Employment (DoFE), 59,550 Nepali people obtained labor permits for foreign employment in the first month of the current Fiscal Year 2024/2025. […]


Construction of Dhalkebar-Loharpatti transmission line completes

Kathmandu / Aug 15: The 132-kV double circuit transmission line, considered as significant for quality power supply to Dhanusha, Mahottari and surrounding areas, has come into operation. According to the Nepal Electricity Authority (NEA), construction of the transmission line from Dhalkebar of Dhanusha to Loharpatti of Mahottari, and the Loharpatti 132-kV substation has been completed […]


Nepal is ready to welcome foreign investors: FNCCI Prez Dhakal

Kathmandu / Aug 7: President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal highlighted Nepal’s readiness to welcome foreign investors and the importance of trade facilitation for regional economic growth. Addressing the BIMSTEC Business Summit 2024 in New Delhi on Wednesday, President Dhakal emphasized that recent economic progress in […]


Millennium Challenge Account-Nepal signs all three 400kV substations

Kathmandu / July 31: The Millennium Challenge Account-Nepal has signed the final substation contract with Techno Electric and Engineering Company Ltd. (TEECL), India to construct a US$38.89 million 400 kV substations in Damauli, Tanahun concluding the task of awarding the contracts for all three 400kV stations to be implemented under the Millennium Challenge Corporation (MCC) […]




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