Economy

ADB forecasts 6.2 percent economic growth for Nepal;  EU pledges to support sustainable growth of Nepal

  Kathmandu / March 28: The Asian Development Bank (ADB) has projected that the country’s economic growth will be between 5.2 to 6.2 percent in 2017. The ADB shared this information organizing a news conference here today. It estimated that the GDP increase in terms of basic price in the Fiscal Year 2017/18 will be […]


Govt forms High-Level Panels for SDGs implementation

Kathmandu / March 23: The government has formed nine separate committees for the coordination and effectiveness of the Sustainable Development Goals (SDGs) implementation. According to the National Planning Commission (NPC), the committees themselves can prepare their term of references and invite government officials and representatives of private and non-governmental sectors as the invitee members. The […]


Economic activities improving, NRB says

Kathmandu / March 16: The Nepal Rastra Bank (NRB) has said that country’s overall economic activities have witnessed progress during the first seven months of the current fiscal year, thanks to rise in agriculture, industry and service sectors. Releasing the ‘Current Macroeconomic and Financial Situation’ of the country on Thursday, the central bank said that […]


EC officially approached to lift ban on Nepali Airlines

Kathmandu / March 15: The Government of Nepal has handed over an official letter approaching the European Commission (EC) to lift a ban on Nepali Airlines in European skies. Secretary at Ministry of Foreign Affairs, Shanker Bairagi, handed the approach paper to European Union Ambassador to Nepal, Renjse Tehrink, at Ministry on Wednesday, asking withdrawal […]


4th national summit of Microfinance kicks off in capital

Kathmandu / March 15: The 4th National Microfinance Summit organized by the Center for Microfinance (CMF), Nepal has kicked off in the capital from today. Minister for Finance Krisha Bahadur Mahara inaugurated the three-day summit where more than 800 participants from various stakeholders like the government, microfinance institutions, development partners, Nepal Rastra Bank (NRB) and […]


World Bank executive director meets NPC vice-chairman;  WB to provide additional support in reconstruction activities

  Kathmandu / March 13: The Executive Director of the World Bank Dr Andin Hadiyanto today has paid a courtesy call on National Planning Commission (NPC) Vice-chairman Dr Min Bahadur Shrestha at the NPC office Singh Durbar today. According to NPC office sources, issues related to economic condition, future scenario and WB’s support among others […]


42-kw Nandiwangkhola project benefits over 200 households

Myagdi / March 10: Over 200 households of six wards of Malkwang VDC of Myagdi now have an access to electricity facility with the completion of a 42-kilowatt Nandiwangkhola Micro Hydroelectricity Project. The project constructed at a cost of over Rs 20 million was inaugurated amidst a programme here Thursday. On the occasion, Project Chief […]


PM stresses on value-based financial institutions’ regime for economic growth

Kathmandu / March 7: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has said the banks and financial institutions should play a pivotal role in raising the living standard of the people through mobilization of the financial resources. Addressing to the annual conference of the Global Alliance for Banking on Values (GABV) here today, PM Prachanda said, […]


Different committees formed to attract foreign investment

Kathmandu / March 6: The Industry Ministry has formed four committees to address the issues raised by investors during the Nepal Investment Summit. The two-day Summit was held in Kathmandu from March 2 to 3. Organising a press conference at the Ministry on Monday, Industry Minister Nabindra Raj Joshi shared that a 21-member ‘High-Level Committee […]


Nepali businesspersons based in India to invest Rs 1 billion in Nepal

Kathmandu / March 5: Nepali businesspersons in India have showed their interest to invest in Nepal in various sectors. As part of their plan, they informed that a well-equipped resort at Bardiya National Park would be built at the cost of Rs 1 billion under the Federation Everest Chamber of Commerce and Industries (FECCI). The […]




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