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 […]
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. […]
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 […]
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 […]
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) […]
Kathmandu / July 26: The new Monetary Policy for current fiscal year 2024/25 has some special arrangements to implement and facilitate various five provisions in the budget of the current fiscal year. Unveiling the new Monetary Policy here today, Governor of Nepal Rastra Bank Maha Prasad Adhikari said that new policy will ease off the […]
Kathmandu / July 23: The officials of the Finance Ministry on Tuesday briefed Finance Minister Bishnu Prasad Poudel about the country’s economic challenges and the measures to resolve those issues. “Mainly, there are 46 challenges in Nepal’s economy in the observation of the Finance Ministry. Steps are required in 29 sectors to overcome those challenges,” […]
Laxman Kafle / Kathmandu, July 22: The total outstanding debt of the government reached Rs. 2,433.23 billion by the end of the last fiscal year 2023/24. Out of total debt, external debt amounts to Rs. 1,252.33 billion and domestic debt comprises Rs. 1,180.90 billion, according to a report of Public Debt Management Office under the […]
Kathmandu / July 16: In the fiscal year 2080-81 BS (2023-24), the government’s revenue and expenditure fell short of annual targets. According to the Office of the Auditor General, revenue collection reached 74.29 per cent of the total target, while budget expenditures amounted to 80.44 per cent. For the fiscal year, the government had allocated […]
Kathmandu / July 13: Profits of banks and financial institutions (BFIs) dropped 16.05 percent to Rs 61.96 billion in the first 11 months of the current fiscal year mainly due to a decline in their businesses and soaring non-performing loans. A report of Nepal Rastra Bank (NRB) shows that the BFIs earned profits of Rs […]
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Kathmandu, Nepal
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Editor : Mr. Divesh J.B. Rana
Chairperson : Mr. Kishore Thapa