Goods worth Rs. 141.12b exportedBy The Rising Nepal
Despite the impact of COVID-19 to the national economy, Nepal’s export trade has improved noticeably in the last fiscal year 2020/21. According to the Foreign Trade Statistic of Department of Customs, export trade has increased by 44.43 per cent to Rs. 141.12 billion in the last fiscal year 2020/21 compared to the previous fiscal year 2019/20. In the previous fiscal year 2019/20, Nepal had exported goods worth Rs. 97.7 billion.Import of goods has remained high even after the government imposed...
Gautam Buddha International Airport preparing its test operationBy RSS
The under-construction Gautam Buddha International Airport has come to a final stage of its preparation for its test operation.
Discussion to begin Pokhara-Dhaka Direct FlightBy The Rising Nepal
A discussion programme has been held in Pokhara to begin the direct flight between Pokhara-Dhaka.
They have lands but no ownership documentBy The Rising Nepal
Krishna Shrestha has land and a house in a village at Ward 4 of Siddharthanagar Municipality. However, he doesn’t have the land ownership document, which has been a major hurdle for him in applying for a mortgage loan from the bank.
Industrialisation key to boost economy: FM SharmaBy The Rising Nepal
Finance Minister Janardan Sharma has said that industrialisation is a must to boost the country's economy. “The government is focused on increasing domestic production and domestic investment for the economic development of the country,” he said during a meeting with a business delegation of Nepal Chamber of Commerce (NCC) on Friday.
DDC exports 60,000 litres of gheeBy RSS
The Hetauda dairy distribution project of the state-owned Dairy Development Corporation (DDC) has exported as high as 60,000 litres of ghee in the fiscal year 2077/078.
ADB approves $165 million loan for COVID-19 vaccines in NepalBy RSS
The Asian Development Bank (ADB) today approved a loan of $165 million (equivalent to Rs 19 billion 800 million) for the Government of Nepal to purchase safe and effective vaccines against the coronavirus disease (COVID-19).
Bagmati provincial government spends 65 per cent of allocated budget in previous FYBy RSS
Bagmati provincial government has spent 65 per cent of its total budget allocated in the previous fiscal year, 2020/21, an increment as compared to the FY, 2019/20.
Reduce corporate tax, CBFIN demandsBy The Rising Nepal
The team led by the Chairman of CBFIN Pawan Kumar Golyan submitted 17 point suggestions on Wednesday to Finance Minister Janardan Sharma to consolidate cooperation between the private sector and Finance Ministry to revive the economy hit by the COVID-19 pandemic and natural calamity.
Rasuwa Customs reports import of encouraging number of vehicles from ChinaBy RSS
A total of 568 vehicles, small and big, have been imported from China through the Rasuwa Customs Office, Timure in the previous fiscal year, 2020/21, said the customs office.
Sedimentation shrinking Rupa LakeBy The Rising Nepal
Now, the people are worried – not for their land but for the lake. They are worried that the sediment accumulating as a result of the swallowed land and from the debris being brought by the different rivers feeding it will cause Rupa Lake to dry up.
PM to address issues prevailing construction sectorBy RSS
According to FCAN, around 5,000 projects were adversely affected during the first and second wave of COVID-19. The monsoon-induced disasters also stalled or slowed down the pace of construction projects.
Commercial banks credit crosses Rs. 3721 billion while deposit totals to Rs. 4201 billionBy The Rising Nepal
The monthly statistics of the Nepal Bankers Association published in the mid of July that coincided with the last day of the last FY, revealed that the total deposit in the banks stood at Rs. 4,201 billion and lending totalled Rs. 3,721 billion.
Construction of 12 RCC bridges along Karnali highway completedBy RSS
Construction of 12 RCC bridges along the Karnali highway (Surkhet-Jumla road section) has been completed in the last fiscal year 2020/21.
South Korea ready to take Nepali workers, DoFE awaits Ministry's approvalBy The Rising Nepal
The Department of Foreign Employment has stated that South Korea is eager to receive Nepali workers provided their conditions are met.
Airlines services returning to normalcy, up to 198 flights dailyBy The Rising Nepal
After a decrease in Covid-19 infections airlines services have gradually been returning back to normalcy.
Ainapahara waterfall is Tanahun’s latest attractionBy The Rising Nepal
Ainapahara Waterfall has recently become a new viral destination for myriads of travel enthusiasts. After getting stuck inside their homes for an extended period of time following the second wave of COVID-19 and the subsequent restrictions, the waterfall located within the Aabu Khaireni Rural Municipality has proved to be a much-needed escape for hordes of vacation-deprived people.
New electric car launched in NepalBy The Rising Nepal
Cimex Inc. has launched new BYD e6, a second generation electric car, in Nepali market. Equipped with 71.7kwh blade battery pack, e6 gives a range of 522km in a single charge making it the longest range electric vehicle in Nepal, said the company. BYD had set a new industry benchmark with blade battery, one of the unique innovations of automotive industry.
Govt to support private sector to build self-reliant economyBy The Rising Nepal
Finance Minister Janardan Sharma has said that the government will strongly support the implementation of the 'Make in Nepal-Swadeshi' campaign launched by the Confederation of Nepalese Industries for building a self-reliant economy. In a meeting with a delegation of the Confederation of Nepalese Industries (NCI) on Sunday, Finance Minister Sharma said that his priority was to make a self-reliant economy and that he would be with the private sector in the campaign.
Nepal-Russia relations have good potentials for tourism boostBy Aashish Mishra
Nepal is fast becoming an attractive destination for Russian tourists. According to the Embassy of the Russian Federation in Nepal, there had been a steady increase in the tourist flow from Russia to Nepal before the start of the COVID-19 pandemic. As per its data, 4,900 Russian tourists visited Nepal in 2015. In 2019, the number increased by more than 100 per cent and reached 10,300.