Investment is regarded as the engine of economic growth. High economic growth can only be achieved by mobilising high level of investments in the economy. As the capacity of the government to invest is very low in case of Nepal, private investments are crucial to accelerate its economic growth. The flow of private investments from both the domestic and foreign investors, however, is highly influenced by the profitability of doing business. And the profitability in the business is largely affected by the investment climate in the economy. A wide range of factors including sound macroeconomic policy, political and economic stability, well-functioning legal and regulatory framework sound infrastructures, among others, play an important role to create a conducive investment climate in the country. The investment climate has been significantly improved after the country entered into the new system of governance.
Commencing on 22nd February, Russia launched a multipronged invasion of Ukraine. It has been dubbed the war for fossil fuel as it has heavily exposed the dependency of Europe on fuel imports from Russia and Ukraine. The conflict, now on its 6th month, has led to worldwide economic and geopolitical impacts.
Recently, this scribe observed a mother and child playing together at the Simra airport. The mother was talking to somebody on her mobile but while doing so she was also directing the camera of her mobile towards her toddler, who even without any instructions from the mother started posing for the picture. The mother then kept on shooting pictures and getting her toddler to keep posing. After a few minutes, the child got tired and started running away from the mother to start playing around the waiting room, but the mother kept following her and taking video shoots, probably to make a TikTok later.
If you happen to be offering a prayer to the deities in a temple during the month of Shrawan, you will find girls and women adorned in green and red. Green and red bangles clink together. And red and green shalwar, kurtha and sari wrap around a woman’s figure. It isn’t a coincidence. In Nepal, Shrawan is the month in which women worship Lord Shiva and add a touch of green to their wardrobe in hopes of appeasing the Lord Shiva. As such, Shrawan heralds the start of the festival season.
The people's representatives of Beni Municipality, who took dual facilities against the rules, have not returned the money yet. Four people's representatives, including the Mayor of the municipality, who were receiving pension, have not returned Rs. 2,388,755 which they received from the government for two fiscal years against the rules. Despite repeated reminders by the municipality, they have turned a deaf year to the calls.
The Confederation of Nepalese Industries (CNI) is preparing to organise Jobs and Skills Fair 2022 at Bhrikutimandap, Kathmandu from November 3 to 6. Addressing a press conference on Tuesday, acting president of CNI Krishna Prasad Adhikari said that the CNI has decided to organise the Jobs and Skills Fair for the first time to bridge the gap between job seekers and the employment opportunities in the country.
The denizens in Kathmandu will be living amid heaps of garbage accumulated at every nook and corner of the capital city for a few more days as the garbage dumping in Bancharedanda landfill became uncertain after a group vandalised the trucks heading for the site on Monday.
Bajhang’s famous Birijat Fair, which is celebrated in the Surma Rural Municipality of the district, has started. But if you are thinking of making a trip here with your romantic partner then beware, because some stories warn that you may end up breaking up. Admittedly, these may be more fiction than fact and could be a reflection of our society’s attitude towards love in the past. After all, similar beliefs are also held about visiting Silu (Gosaikunda) but couples still go there and we have not heard reports of relationship breach. Still, why risk it?
Sudurpaschim, Aug. 9: As many as 84 people have been diagnosed with coronavirus infection in Sudurpaschim Province in a single day. While performing tests on 1,107 people in the last 24 hours, 84 were found to have contracted with coronavirus, the Sudurpaschim Province Helath Directorate shared. Kanchanpur district has topped the list with highest number of COVID new cases (42) while Kailali saw 33, Achham four, Darchula two and Bajhang, Doti and Baitadi one.Forty two among the infected are India returnees, it was shared. As informed, 23 of the infected had returned through Gaddachauki, 16 through Gaurifanta, two through Pulghat and one through Jhulaghat entry point, informed COVDI-19 Focal Point of the Directorate Hemraj Joshi. Earlier on Monday, the province had diagnosed 121 new coronavirus cases. As the province shares border with India, health desks have been set up in all checkpoints to speed up COVID tests. A total of 60,511 people of Sudurpaschim have been so far diagnosed with the coronavirus in the province. The contagion has claimed 634 lives in the province as of now. (RSS)
The CPN (UML) has been registered in the Election Commission (EC) on Tuesday for the purpose of upcoming elections to the House of Representatives (HoR) and Province Assembly.
Minister for Foreign Affairs Dr Narayan Khadka is leaving for a three-day official visit to China this evening. He is visiting China at the invitation of State Councilor and Minister of Foreign Affairs of the People’s Republic of China Wang Yi.
Chief Election Commissioner Dinesh Kumar Thapaliya said EC's activities would be carried out giving equal treatment to all as per the generally accepted principles of the elections while calling for support from all sides to complete the election in a free, fair and credible manner.
During the meet, PM Deuba said he was positive to include NSP in the coalition and would also consult with other partners of the ruling coalition in this regard.
Speaking at a press meet program by Nepal Press Union Kavrepalanchowk in Banepa today, he said after the formation of the alliance the constitution and democracy have been protected while the country has moved forward on the path of development and prosperity.
The data released by the Nepal Bankers’ Association (NBA) showed that the deposit dwindled by Rs 32 billion while credit outflow slightly rose by Rs 1 billion between 22 July to 5 August.