- Thursday, 8 December 2022
Call for change in monetary policy and interest rates
Home Minister Balkrishna Khand, Finance Minister Janardan Sharma and Minister for Industry, Commerce and Supplies Dilendra Prasad Badu have called for government's intervention saying that the current monetary policy and the interest rates set by banks would invite serious problems to the country's economy.
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DDA urges not to use drugs with Ethylene Glycol and Diethylene Glycol
The Department of Drug Administration (DDA) has urged the concerned sides only to sell and distribute pediatric drugs having no mix-up of Ethylene Glycol and Diethylene Glycol chemicals.
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Birgunj Customs Office fails to meet revenue collection target
The revenue collection from Birgunj Customs Office is in the decreasing trend in the first month of the current fiscal year.
Consumer inflation hits 8.50 per cent: NRB
Kathmandu, Nov 16: The year-on-year (y-o-y) consumer inflation has hit 8.50 per cent in the first quarter of the current fiscal year, 2022/23, said the Nepal Rastra Bank (NRB). It is highest in the Tarai with 9.42 percent followed by 8.84 percent in the Hills, 7.07 in the Mountain and 6.93 in the Kathmandu Valley (Kathmandu, Lalitpur and Bhaktapur districts), according to a report on the current macroeconomic and financial situation of the country published here today by the central bank. During the same period between July 17 and October 17, price of food and beverage saw an increment of 8.05 percent inflation and non-food and service sector 8.85 percent. Similarly, restaurant and hotel sector witnessed a surge of 15.91 percent inflation, fruits 12.06 percent, alcoholic beverage 10.24 percent, dairy products and eggs 9.45 percent and tobacco products 8.11 percent. Under service sector, transport saw an increment of 21.15 percent inflation, health 10.54 percent, furnishing and household equipment 9.45 percent and education 8.11 percent. Also, the y-o-y wholesale inflation stood at 13.73 percent. (RSS)
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IIN to promote FDI, equitable economic growth of Nepal
The Invest for Impact Nepal (IIN) platform is scaling up its programme to promote investment and equitable economic growth to contribute to social and environmental impact in Nepal.
Over 500 thousand tourists arrive in 10 months
The arrival of foreign tourists in Nepal has gradually caught the track. In the past 10 months, around 500,000 foreign tourists visited Nepal, according to data with the Nepal Tourism Board (NTB)
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SEBON issues guidelines providing reservation quota to people on foreign employment
The Securities Board of Nepal (SEBON) has implemented the 'Securities Issuance and Allocation (Sixth Amendment) Guidelines, 2022' with the objective of bringing in those who are on foreign employment also in the share market.
Rhino roams around Sauraha, amazes tourists
Foreign tourists find it amazing to see the rhino roam around the human settlement area. Many take photos going close to the rhino.
India to import 22 megawatt more energy from Nepal
The Nepal Electricity Authority (NEA) has received approval from India to export 22 megawatt of power produced from Chilime Hydropower Company.
Govt. gives permission for two-way air service agreement with US, Switzerland
The government of Nepal has given permission in principle for two-way air service agreement with the US and Switzerland.
Number of foreign tourists' increases in Hanuman Dhoka Durbar Area
The number of foreign tourists visiting Hanuman Dhoka Durbar Area, a place of historical, archeological and religious value in the capital, is increasing lately.
China's upcoming import expo attracts 145 countries, regions, int'l organs
Representatives from a total of 145 countries, regions and international organizations will participate in the upcoming fifth China International Import Expo (CIIE) in Shanghai, the organizer said on Tuesday.
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Euro slightly appreciates against the US dollar
Euro has slightly appreciated against the US dollar. Lately, the value of the US dollar was on the continuous rise before it becomes stable
