In February 2021, China declared its decisive victory in eradicating extreme poverty despite unintended hindrances imposed by the COVID-19 pandemic. It lifted over 800 million people out of poverty in the last four decades,
The export of electricity to India has started from this week. According to Nepal Electricity Authority (NEA), it has started selling the surplus electricity from Monday (May 27) night in the Indian Energy Exchange (IEX) market at a competitive rate.
Finance Minister Barsaman Pun has made it clear that the budget for the next fiscal year has been brought keeping a new phase of economic reform at the centre. Speaking at a press confer
The government on Tuesday unveiled a budget of Rs. 1,860.30 billion for the fiscal year 2024/25. Finance Minister Barsaman Pun presented revenue and expenditure estimates for the next fiscal year 2024/25 of Rs. 1,860.30 billion in the joint session of the House of Representatives and National Assembly.
The net profit of the government-owned public enterprises has increased significantly in the fiscal year 2022/23. According to the annual report of th
The government has presented the Economic Survey of fiscal year 2023/24 in the meetings of the House of Representatives (HoR) and National Assembly separately on Sunday. Tabling the Economic Survey 2023/24, Finance Minister Barsaman Pun said that economic and social indices of the country were improving. He said that the country's economy would expand by 3.87 per cent due to the e
Among the seven provinces of the country, the gross domestic product (GDP) of Gandaki Province is projected to be highest in the current fiscal year. According to the Provincial GDP estimation for the current fiscal year 2023/24 made public by National Statistics Office (NSO) Wednesday, highest GDP in terms of consumer price of Gandaki Province is estimated to be 4.55 per cent, while Karnali Province will have the lowest growth at 3.39 per cent.
Economists have emphasised on the need to bring an implementable and realistic budget rather than a large one in order to accelerate the sluggish economic activities now. They said that in order to
The country's foreign trade has decreased marginally during the first 10 months of the current fiscal year 2023/24. According to the foreign trade statistics based on 10 months of the current fiscal year made public by the Department of Customs Monday, foreign trade has decreased by 2.50 per cent to Rs. 1,429.53 billion during the first 10 months of the current fiscal year.
Nepal Rastra Bank (NRB) has reviewed its third-quarter monetary policy for the current fiscal year 2023/24 giving continuity to the flexible measures adopted to accelerate economic activities.
Nepal’s life expectancy at birth increased by five years in a decade (2011 to 2021) from 66.6 years to 71.3 years. A booklet entitled ‘Demographic Indicators’, ma
Nepal’s economy is projected to grow by 3.87 per cent in the current fiscal year 2023/24. According to the Annual National Accounts Statistics for the fiscal year 2023/24 made public by National Statistics Office (NSO) Tuesday, Nepal's economic growth will be at 3.87 per cent at consumer prices for the current fiscal year.
The much-hyped 3rd Nepal Investment Summit has been concluded, conveying the message that Nepal is a prominent and reliable investment destination for investors from across the globe.
The 3rd Nepal Investment Summit-2024 has begun in Kathmandu.
In an effort to strengthen Nepal’s standing as highly promising investment destination, the government of Nepal is organising the 3rd Nepal Investment Summit (NIS) 2024 on April 28-29, in Kathmandu. Prime Minister Pushpa Kamal Dahal ‘Prachanda’ is scheduled to inaugurate the Summit where the Former Prime Minister Sher Bahadur Deuba, Chairman of CIDCA Luo Zhaohui, Minister for Commerce and Industry, government of India Piyush Goyal, Minister for State FCDO (Indo-Pacific) Anne-Marie Trevelyan and Minister of State, FCDO (Development and Africa) Andrew Mitchell, among others, will address the inaugural session. The government is collaborating closely with development partners, DFIs and the private sector to organise the Summit.