Dhan Bahadur Chamling, a plumber, is greatly worried now after his business went drastically down. As the demand for underground boring was high in Koteshwor and Bhaktapur areas until three years
Both imports and exports have witnessed a decline during the first eight months of the current fiscal year 2023/24. According to trade statistics made public by the Department of Customs on Tuesday, the country's exports have declined by 3.99 per cent during the first eight months of the current fiscal year compared to the same period of last fiscal year 2022/23.
The total outstanding debt of the government of Nepal reached Rs. 2,388.26 billion as of March 13, 2024. Out of total debt, external debt amounts to Rs. 1,202.73 billion and domestic debt comprises Rs. 1,185.52 billion, according to the report of Public Debt Management Office under the Ministry of Finance. During the first eight months of
The government expenses have significantly been higher than the income during the first eight months of the current fiscal year 2023/24. According to the data of t
The indicators of the external sector of the economy have improved further, according to the latest current macroeconomic and financial situation report of the Nepal Rastra Bank (NRB).
Import of paddy and rice decreased significantly during the first seven months of the current fiscal year 2023/24. According to the trade s
Doctors and stakeholders have emphasised the importance of raising awareness and promoting early detection and genetic studies for individuals affected by muscular dystrophy in Nepal.
Nepal Electricity Authority has made a profit of Rs. 15.36 billion in the first six months of the current fiscal year 2023/24. As per the NEA's preliminary financial report of the first six months of the current fiscal, it has earned a profit of Rs. 15.36 billion (before tax deduction) during the review period. During the period, the NEA has made a total income of Rs. 67.28 billio
Despite having natural landscapes and agricultural diversity, Nepal grapples with a myriad of challenges in its food system. Issues ranging from post-harvest loss, wast
The government has presented the principles and priorities of the budget for the fiscal year 2024/25 in the House of Representatives Monday. Finance Minister Dr. Prakash Sharan Mahat presented principles and priorities for the coming financial year focusing on increasing production and productivity by increasing public expenditure on priority projects.
The price of cumin seeds (jeera), the common condiment of Nepali kitchens, has decreased substantially in recent weeks. Consumers, who were affected by the sharp rise of cumin price in the last six months have felt a sigh of relief with the fall in its price.
Nepal has conducted foreign trade with more than 156 countries of the world. Nepal suffers deficits with most countries it has bilateral trade relations.
The negotiations between Nepal Electricity Authority (NEA) and Bangladesh Power Development Board (BPDB) for electricity trade between the two countries have progressed positively. The two sides have agreed to sign power sales agreements between the two countries as soon as possible in order to export electricity to Bangladesh from the coming rainy season, according to the NEA. A team led by Managing Director of the NEA Kul Man Ghising and the bid evaluation committee under the BPDB held a meeting in Dhaka, Bangladesh, on Thursday. The NEA's team went to Dhaka on Wednesday with a proposal for a Power Purchase Agreement (PPA) to export 40 MW of electricity to Bangladesh Ghising said that every point to be included in the electricity sale agreement was discussed in detail and it was agreed to conclude t
Nepal Electricity Authority (NEA) has decided to open the Power Purchase Agreement (PPA) for hydropower projects up to 10 megawatts to encourage domestic small investment in hydropower.
Nepal's hydropower development remained frustratingly sluggish for more than a century. It generated a meager 750 MW since the establishment of the first-ever 500-KW Chandrajyoti hydroelectric power station in Pharping in 1911.