FDI stock increases by 8.5% despite COVID-19 pandemicBy Laxman Kafle
Despite COVID-19 pandemic, Foreign Direct Investment (FDI) stock has increased moderately in the fiscal year 2019/20. A survey report on Foreign Direct Investment in Nepal showed the stock of FDI in Nepal increased by 8.5 per cent to Rs. 198.52 billion at the end of fiscal year 2019/20. Paid-up capital is the major component in the FDI stock as it accounted for 54.4 per cent of total FDI stock whereas the reserves and loans in total FDI stock accounted for 33.8 per cent and 11.8 per cent respectively. The...
Freshktm opens outlet at Maitidevi to sell fresh fruits, vegetablesBy Laxman Kafle
A modern outlet of vegetables and fruits has come into operation in the Kathmandu Valley since Saturday. Freshktm, the new company, opened its first outlet at Ratopul amid a function today with the aim of supplying quality fresh and safe vegetables to the consumers as well as retailers of the valley. Launched by four individuals, who have been in construction business and other occupations, the company has started the business with a plan to supply fresh vegetables and fruits containing low quantity...
Freshktm to supply vegetables directly from farmers to consumersBy Laxman Kafle
Freshktm is Nepal's innovative agritech start-up, founded in 2020 to meet consumers' demand for easy access to fresh and healthy produce.
Pandemic lowers air passenger numbers in 2020By Laxman Kafle
The number of air passengers declined significantly in the fiscal year 2020/21 because of the COVID-19 pandemic. According to the annual progress report of the Civil Aviation Authority of Nepal (CAAN), the number of passengers in international flights dropped by 73.27 per cent and the number of passengers in domestic flights fell by 59.46 per cent in the last fiscal year.
Shortage feared as sugar stock dwindlesBy Laxman Kafle
Stock of sugar with the state-owned Salt Trading Corporation Limited is dwindling. The Corporation, which imported 20,000 tonnes of sugar for the last Dashain, has run out of stock as its plan to import sugar has not received a government nod.
Over 67% people have access to financeBy Laxman Kafle
Nepali people’s access to finance has increased significantly over the years. According to the Report on Financial Access in Nepal published by NRB on Friday, around 67.34 per cent population in Nepal has access to finance.
Frequent power outage has become a headache for students, teachersBy Laxman Kafle
Bishalya Gautam, a civil engineering student, was fed up with power cut that lasted for six hours from 8 am on Sunday and Monday at his home in Kathmandu-32. Not only did he miss the whole online classes for two days in a row, he was also unable to get water to wash even hands as there was no power to pump water. His mother, a schoolteacher, failed to teach students online, and his father was unable to email an important document.
National Paddy Day markedBy Laxman Kafle
Farmers across the country observed the 18th National Paddy Day and paddy festival by planting paddy and savouring Dahi Chiura (curd and beaten rice) on Tuesday. The theme of the 18th National Paddy Day was ' Increase in paddy production, food security, self-reliance and prosperity'.
Nepal’s rice import increasingBy Laxman Kafle
Rice import has increased significantly this fiscal year despite a significant increase in paddy production. Rice worth Rs. 48.14 billion (3.48 per cent of the total import that amounts to Rs. 1,383 billion) has been imported during the first eleven months of the current fiscal year (mid-July 2020 to mid-June 2021), according to the foreign trade statistics of the Department of Customs.
Consumer price inflation down to 3.65%, remittance upBy Laxman Kafle
The consumer price inflation has declined during the first 10 months of the current fiscal year 2020/21. According to the current macroeconomic and financial report published by Nepal Rastra Bank (NRB) on Monday, the year-on-year (y-o-y) consumer price inflation stood at 3.65 per cent in the first 10th month of the current fiscal year compared to 5.83 per cent a year ago. Food and beverage inflation stood at 4.72 per cen