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.
Use of development budget in Nepal has remained meagre for the last five years as it remained below two-third of the total allocation. In the same line, in Fiscal Year 20
You can find quite a few people who have fulfilled their childhood dreams, achieved excellence in multiple fields, and tried their fate in business, remaining successful in their ventures. Hotelier Shangharsa Bista is one of those few.
"Does Nepal produce its own movies? The one I saw today is a good one." This question from a Chinese audience during an interaction on the film 'A Road to a Village' (Gaun Aayako Bato) startled Nabin Subba, director and prod
In an effort to create a model of a carbon-free urban centre, China has converted the Dongyu Island of Boao in Hainan Province into a near-zero carbon zone. This could be an initial step towards achieving carbon neut
The Communist Party of China (CPC) is interested in developing and maintaining good relations with all political parties of Nepal, according to Xie Chuntao, Vice-President of the Party School of the CPC Central Committee also known as the National Academy of Governance.
Nepali representatives at the annual conference of Boao Forum of Asia (BFA) 2024 said that Nepal accorded value to multilateralism in order to achieve national development goals. Speaking at a session on ‘Global Development Initiative (GDI): Promoting world peace’, former Deputy Prime Minister and vice-chair of CPN-UML, Bishnu Prasad Paudel, said that Nepal values multilateralism and remains committed to contributing actively to discussions within the GDI framework and other international forums.
Leaders of the Asian countries have called for a rule-based international order, seamless trade among the nations across the globe, and immediate and meaningful actions to tackle the impact of climate change.
China has announced that it would continue to deepen people-to-people and strategic relations with the countries that are partner of the Belt and Road Initiative (BRI). While the world's second largest economy is applying measures to 'tighten up financial and economic discipline' in the possible challenges of resource management, speaking at a press conference organised in Beijing a
China has announced its national plan for 2024 with the economic growth target of 5 per cent and unveiled plans for boosting private investment - including the Foreign Direct Investment, and domestic consum
The construction industry in Nepal has been facing an unprecedented crisis which entrepreneurs call an ‘existential’ one. Overall, the construction business in the last year has been whittled down to a third of the total activities.