Economy

WB projects inflation to remain at 6.7 percent in 2024

Kathmandu / April 03 : The consumer price inflation in Nepal is expected to remain high at 6.7 percent in Fiscal Year 2024, close to the central bank’s 6.5 percent ceiling, due to VAT exemptions removal, India’s food export restrictions, and increased paddy minimum support prices. However, inflation is forecasted to decline to 6 percent […]


Pre-event seminar on Investment Summit organized in Bangladesh

Kathmandu / March 31: The Embassy of Nepal in Dhaka organized a pre-event seminar on the Third Nepal Investment Summit 2024 on Saturday. On the occasion, Nepal’s Ambassador to Bangladesh Ghanshyam Bhandari urged Bangladeshi investors to explore investment opportunities in key sectors such as hydropower, infrastructure, hotel and hospitality, pharmaceuticals, and information and communication technology, […]


FinMin Pun holds a virtual meeting with ambassadors and heads of delegations for Investment Summit

Kathmandu / March 30: Finance Minister Barshaman Pun convened a virtual meeting with over 40 Nepali ambassadors and heads of diplomatic missions abroad in preparation for the Nepal Investment Summit 2024 scheduled for April 28-29 in Kathmandu. Minister Pun attended the meeting at the Ministry of Foreign Affairs late Friday evening via Zoom. Chief Secretary […]


Budget principles and priorities are to be revised on need basis: Finance Minister

Kathmandu / March 20: Finance Minister Barshaman Pun has said the principles and priorities of the Appropriation Bill for the upcoming fiscal year 2024/25 shall be revised on the basis of necessity and also taking the Common Minimum Resolve adopted by the present ruling alliance into consideration. He also said the good policies contained in […]


Finance Minister issues directive for paying dues to dairy farmers

Kathmandu / March 15: The Ministry of Finance is to immediately pay the dues to the dairy farmers. Finance Minister Barshaman Pun has directed the high officials of the Ministry, including the Revenue Secretary Dr Ram Prasad Ghimire, to immediately take forward the process of paying the dairy farmers, according to the Finance Minister’s Secretariat. […]


Nepal and Bangladesh reach agreement on electricity tariff

Kathmandu / Mar 12: The Nepal Electricity Authority (NEA) and Bangladesh Power Development Board (BPDB) have reached an agreement on the tariff for the electricity to be exported from Nepal. Recently, during a World Bank program in Singapore in the presence of energy secretaries of the two countries, NElA Managing Director Kulman Ghising and BPDB […]


Remittance inflow up by 21.7 %; Consumer price inflation dips to 5.01%

Kathmandu / Mar 10: Remittance inflows recorded in the first seven months of the current Fiscal Year (FY) increased by 21.7 per cent. According to the Nepal Rastra Bank (NRB) data published today, remittance inflows increased by 21.7 per cent to Rs 834.5 billion in the review period of the first seven months of this […]


FinMin Pun invites US investors in Investment Summit

Kathmandu / March 10: Finance Minister Barshaman Pun has urged US investors to participate in the 3rd Nepal Investment Summit scheduled to be held in April. During a meeting with the US Ambassador to Nepal, Dean R. Thompson, at the Finance Ministry on Sunday, Minister Pun urged the US Envoy to create an environment conducive […]


EU supports promoting sustainable coffee farming in Sudurpashchim

Doti / March 2: In a bid to introduce sustainable and scientific methods in commercial farming of Nepal’s specialty coffee applying sustainable techniques, local potential farmers are being trained in Shikhar Municipality of Doti district in Sudurpaschim Province. The training is jointly organized by the European Union Trade and Investment Programme under the Ministry of […]


118 pharmacies operated against basic standards in KMC

Kathmandu / March 1: The Kathmandu Metropolitan City has said that 118 pharmacies found to have operated within KMC are found not following basic standards. KMC Health Department has carried out monitoring of pharmacies from October 8, 2023. In the course of monitoring pharmacies operated in wards 1, 2, 3 and other wards so far, […]




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