Hey, have you turned into a veggie?' one of my friends asked while I moved away from the food stall at a 'Teej Dar' programme without picking up the pieces of roasted chicken, and rather filled an extra bowl with 'Kheer' (rice puddi
Mobilisation of development budget has achieved an exponential growth in the current Fiscal Year 2024/25 against the previous year as the progress reached 3.52 per cent of the total allocation of Rs. 352.35 billion in the first 50 days of the year.
The total Foreign Direct Investment (FDI) stock in Nepal has increased by 11.8 per cent in the Fiscal Year 2022/23 and reached Rs. 295.5 billion but the net FDI inflows to the country has gone down by 67.9 per cent to Rs. 6.0 billion from Rs. 18.6 billion in 2022/23.
The government is set to complete the exploration of five industrial minerals in various locations across the country within current Fiscal Year 2024/25. According to the Reform Action Plan of the Ministry of Industry, Commerce and Supplies (MoICS), 2081 published by the ministry on Wednesday, exploration of limestone, dolomite, kaolin, phosphorite and iron will be completed by the end of this fiscal, mid-July 2025.
Oman has expressed its willingness to invest in tourism sector in Nepal. During the meeting with the Minister of Foreign Affairs of Nepal, Dr. Arzu Rana Deuba, her Omani counterpart, Sayyid Badr Hamad Al Busaidi, has given positive indication about investing in the field of tourism in Nepal, Dr. Rana informed journalists after the bilateral meeting.
The foreign exchange (forex) reserves witnessed exponential growth to reach US$ 15.27 billion by the end of the last Fiscal Year 2023/24, a 28 per cent jump from US$ 11.74 billion a year earlier. The forex reserves are sufficient to cover the imports of goods and services for 13 months, according to the Nepal Rastra Bank (NRB)'s annual report of Current Macroeconomic and Financial Situation of Nepal.
Prime Minister KP Sharma Oli has urged the stakeholders from the government, private sector and development partners to facilitate the development of startup enterprises to ensure their contribution to the national aspiration of becoming the middle-income country by 2030.
Deputy Prime Minister and Minister for Finance, Bishnu Prasad Paudel, has expressed the commitment of the government to move ahead in cooperation with the private sector and development partners to meet the development needs in Nepal.
Out of a 100, about 20 children (up to 17 years of age) in Madhes Province are out of school or college. A more bizarre fact is tha
India has never been so clear about its prospective moves globally, and about its prowess as well as its potential contribution to changing the regional and international order. Over the past decade, it has expande
The latest political turmoil in Bangladesh has affected Nepal’s trade with the country that was the 16th largest export market of Nepali goods in the last Fiscal Year 2023/24. About two dozen of trucks and containers carrying Nepali goods to Bangladesh have been stuck at Kakandbhitta (Nepal-India border) and Banglabandh (India-Bangladesh border). Traders are uncertain about the normalcy tha
The Parliamentary Special Inquiry Committee formed to probe into the recent crisis in the cooperatives sector has faced a difficult time to find the reports of the similar probe committees formed to study the problems of the sector.
Traders and exporters have expressed their reservations over the Customs Bill, 2080 while demanding amendments in some administrative and fee-related measures proposed by it. As a new development in this row, Nepal Foreign Trade Association (NFTA), submitted a 22-point disagreement to Santosh Chalise, Chairperson of the Finance Committee of the House of Representatives (HoR) on Sunday morning.
When India unilaterally published its map including Nepali territory in Kalapani region (about 370 square km) in 2019, Nepal reacted strongly and published its map incorporating the region. Then began the process t
The Nepal Rastra Bank (NRB) has unveiled a ‘cautiously flexible’ Monetary Policy for the current Fiscal Year 2024/25, removing the ceiling of margin lending for institutional investors and promoting private sector lending.