Author: Nepal123
NCC’s Bold Vision: Rs. 1,000 Billion Export Target
The Nepal Chamber of Commerce (NCC), under the leadership of its newly elected President, Kamlesh Agrawal, has formulated an ambitious plan to propel the country’s annual export capacity to an unprecedented Rs. 1,000 billion. This bold initiative, outlined in the NCC’s export promotion action plan, aims to catalyze export growth and reduce the nation’s trade […]
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NEPSE Rallies Higher as Bullish Sentiment Prevails
The Nepal Stock Exchange (NEPSE) has extended its bullish run, surging by 23.94 points on Tuesday, the third trading day of the week. This upward momentum has further solidified NEPSE’s position, with the benchmark index closing at 2115.94 points, reflecting a 1.14 percent gain. The robust trading activity and positive market sentiment have fueled optimism […]
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Nepal’s Bank Deposits Surge, Loans Decline
Nepal’s banking sector has witnessed a notable shift in financial dynamics, according to the latest statistics released by the Nepal Bankers’ Association. While bank deposits have surged by a staggering Rs 26 billion in the month of Baisakh (April/May) of the current fiscal year, bank loans have contracted by Rs 15.19 billion during the same […]
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Nepal’s Mounting Trade Deficit Raises Economic Concerns
Nepal’s trade deficit has reached an alarming level, with figures from the Department of Customs revealing a staggering Rs 1177 billion deficit as of the end of the month of Baisakh (mid-May) in the current financial year. This widening trade gap, fueled by a surge in imports and lackluster export performance, has raised concerns about […]
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Nepal’s Mounting Trade Deficit Raises Economic Concerns
Nepal’s trade deficit has reached an alarming level, with figures from the Department of Customs revealing a staggering Rs 1177 billion deficit as of the end of the month of Baisakh (mid-May) in the current financial year. This widening trade gap, fueled by a surge in imports and lackluster export performance, has raised concerns about […]
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Bhairahawa Customs Revenue Falls Short
The Bhairahawa Customs Office, a crucial hub for Nepal’s import and export activities, is facing a significant shortfall in revenue collection for the current fiscal year. With only two months remaining, the office has achieved a mere 51% of its revenue target, raising concerns about the potential impact on Nepali businesses, the local market, and […]
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NEPSE Index Rises by 27.54 Points, Banking Sector Leads Market Growth
Monday proved to be a bullish day for the Nepal Stock Exchange (NEPSE) as the market index surged by 27.54 points, reaching a commendable 2092 points. Amidst afternoon trading, the market scaled even higher, peaking at 2121 points by 12:23 pm before experiencing a slight stabilization. Notably, the transaction volume also witnessed a substantial uptick, […]
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Nepal’s Foreign Trade Declines Significantly, Imports Outweigh Exports
Nepal’s trade landscape reflects a concerning downturn, with foreign trade experiencing a substantial decline during the first ten months of the current fiscal year. Reports indicate a stark plunge of 36.69 billion rupees, painting a challenging picture for the nation’s economic outlook. As of April, Nepal’s total foreign trade stands at 1.429 trillion rupees, showcasing […]
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Nepal’s Ambitious Multi-Hazard Early Warning System to Cost $614 Million
In a groundbreaking move to fortify disaster response capabilities, Nepal’s National Disaster Risk Reduction and Management Authority (NDRRMA) unveils plans for a comprehensive multi-hazard early warning system. Estimated at a staggering Rs 81 billion 40 million and 80 thousand (US$ 614 million), this initiative aims to revolutionize disaster preparedness across the nation. The NDRRMA reveals […]
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