Nepal has embarked on an ambitious journey to achieve middle-income status by 2030 through the accomplishment of the Sustainable Development Goals (SDGs). The 15th Development Plan has prioritised agribusiness, tourism, energy, industry and business segments as key sectors that are crucial for powering Nepal’s economic growth. Private investment has played an important role in the country’s economic development. However, private capital investment remains low, with overall Private Fixed Capital Formation-to-GDP standing at just 23 per cent in 2020 (World Bank). According to Nepal’s National Planning Commission, the financing gap for SDGs in the private sector is estimated to be Rs. 367 billion. Proliferation of actors
Internet banking frauds and ways to avoid them is undoubtedly a topic that has been done to death. And yet, people across India continue to lose money in such frauds with an alarming frequency. Today computer and internet have become very common and necessary for our daily life. Back in 1990, less than 100,000 people had access the internet worldwide. Now around 2.5 million people are hooked up to surf the net around the globe.
Marigold flower commonly known as sayapatri in Nepal has a growing demand each passing year for celebrations. People use this flower while marking festivals and use it even during various celebrations at their auspicious occasion. Data shows that several farmers interested in flower cultivation were farming it for commercial purpose. They earn a lot from this business too. Despite the increase in the demand for hundred-petal flowers, consumers have not been able to get cheap garlands due to the inability to reduce the cost. Commercially, those who grow marigold flowers have brought seeds from India, Thailand and other countries. Businessmen say that if the flower seeds can be produced in Nepal, the consumers will get garland flowers at an affordable price. Sulabh Shrestha, Treasurer of Floriculture Association, Chitwan, said that they were bringing seeds from India and other countries for their business.
Some of the settlements in Chhayanath Rara Municipality of Mugu have been displaced due to landslides triggered by heavy rains of the first week of October. The majority of the houses have remained buried in the landslides and a few are at high risk of it. Floods and landslides have mainly affected 26 houses of Kotila village of the Municipality-6, 14 houses of Balaigaun village and 35 households of Ward No.7, according to the municipality office.
In Baitadi, the candidates of the election to the House of Representatives (HoR) and the Provincial Assembly have lured the voters by promising to rehabilitate the freed Haliyas by collecting the data of those who were left to be rehabilitated. The Haliyas who have not received identity cards are forced to vote the parties of their masters’ choice.
The number of tourists coming to visit the Tsho Rolpa Glacial Lake in Gaurishankar Rural Municipality–9 in Dolakha has, of late, increased. According to Ward 9 chairman Ngimageli Sherpa, three to four groups of domestic tourists and five to six groups of foreign tourists come to the lake on a daily basis, either to visit it or to pass through it to the Tasi Lapcha Pass or Solukhumbu. Sherpa informed that most of the people arriving at Tsho Rolpa were youth. “It is easy to come here,” he said. “There are many public vehicles people can take to come from Charikot to Chhyotchhyot waterfall.
A music video for the song ‘Maya Ranilai’, penned by the late Satya Mohan Joshi, was released on YouTube on Tuesday. The video, uploaded to the official channel of the production company Golden Creation, features the song written by the centenarian in 1944
Yeha Deshko Chha Chinta' famed musician Suresh Gaire has received a gold medal in the sixth Command and Staff Course – a master's degree equivalent course under the Tribhuvan University that includes defense, development and peace. The course also covers economics, foreign affairs, conflict and disaster management, and national affairs. The 18-month residential course is run by the Armed Police Force (APF) Command and Staff College in Kathmandu.
A robber gang shot the chief of an extended service centre of Sagun Savings and Cooperatives Limited at Ward No. 1 of Bagmati Municipality in Sarlahi district Wednesday morning. Police informed that the service centre’s chief Sajan Karki, 30, was shot three times at his right hand, right thigh and lower rib.
Floriculture Association Nepal (FAN) is organising the 15th Godavari Flower Exhibition 2022 in the Jawalakhel playground from October 20. With the Tihar and Chhath festivals just around the corner, the four-day exhibition is being organised targeting Tihar, the festival of flower and light, according to the FAN.
British food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nation’s poorest residents. Food prices jumped 14.6% in the year through September, led by the soaring cost of staples such as meat, bread, milk and eggs, the Office for National
Government expenditure has gone well above its income in the first three months of the current fiscal year. By Tuesday, income of the government stood at Rs. 232.48 billion and expenditure touched Rs. 278.30 billion, making a significant gap of Rs. 45.82 billion between the receipts and expenses. According to the statistics published by the Financial Comptroller General Office (FCGO), the government income by the end of the first trimester is about 15.94 per cent of the total annual ta
The government has started an initiative to make Mahendranagar – a city in the south western border with India – an entry point for flights to the Gautam Buddha International Airport (GBIA) in Bhairahawa, Rupandehi district.
Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has drawn the attention of Nepal Rastra Bank (NRB) citing that internal and external factors are affecting the economy in multiple ways. The last time the banks and financial institutions sta
Despite all the odds, Nepal has made great strides in reducing poverty in the second decade of the 21st century. According to a recent report jointly made public by United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI), the incidence of poverty was reduced from 39.1 per cent in 2011 to 17.5 per cent in 2019. That’s a giant leap, of course, and a music to ears for all Nepalis at home and abroad, boding well to the Nepalis in partic