Business | Finance | Economy
Nepal Records Robust Remittance Inflows Amidst Economic Landscape
Nepal continues to witness substantial remittance inflows, with the latest report from the Nepal Rastra Bank (NRB) shedding light on key trends in the country’s economic landscape. Remittance Inflows: Nepal received Rs. 1082.62 billion in remittances over the past nine months, indicating a significant 19.8 percent increase compared to the same period last year. This […]
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Nepal’s Economic Outlook: Positive Trends in Key Indicators
Nepal’s economic landscape demonstrates resilience and positive growth trajectories across several key indicators as per the latest report by the Nepal Rastra Bank (NRB). The report highlights encouraging trends in various economic facets: Inflation Trends: CPI-based inflation remained stable at 4.61 percent year-on-year (y-o-y), down from 7.76 percent compared to the previous year. Food and […]
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EU Pledges Support for Boosting Investment in Nepal
The European Union (EU) has reaffirmed its commitment to supporting Nepal in attracting foreign investment, with a particular focus on bringing European companies to the Nepali market. During a reception held on Thursday to commemorate the 50th anniversary of diplomatic relations between Nepal and the EU, Ambassador Veronique Lorenzo highlighted the upcoming ‘EU-Nepal Trade Forum’ […]
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Private Sector Calls for Increased Capital Expenditure to Boost Economic Growth
As Nepal gears up for the presentation of the annual budget for the fiscal year 2024-25 on May 28, the country’s private sector has been counting on the government to target a larger capital expenditure outlay to support higher economic growth amid the ongoing economic slowdown. In a pre-budget discussion organized by the Society of […]
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Nepal’s Economic Roadmap: Bridging Policy and Progress
Nepal’s Economic Roadmap: Bridging Policy and Progress In a thought-provoking interaction organized by the Institute for Strategic and Socio-Economic Research (ISSR) and Khabarhub at the Pavilion Hall in Kathmandu, experts and key figures delved into the intricate relationship between monetary and fiscal policies, underscoring their pivotal roles in addressing contemporary economic and social challenges. The […]
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Minister Urges Industrial Sector Expansion for Economic Growth
Damodar Bhandari, the Minister for Industry, Commerce, and Supplies, emphasized the importance of enhancing the industrial sector’s contribution to Nepal’s Gross Domestic Product (GDP) for economic prosperity. Speaking at the inauguration of the Make in Nepal Swadeshi Summitr-2024, organized jointly by the Confederation of Nepalese Industries (CNI) in collaboration with the Ministry of Industry, Commerce, […]
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Nepalgunj Integrated Check Post Begins Operations at Nepal-India Border
Nepalgunj Integrated Check Post Begins Operations at Nepal-India Border In a significant development for cross-border trade and regional connectivity, the Nepalgunj Integrated Check Post (ICP) constructed with the support of the Indian government at the Nepal-India border has commenced operations from Monday. The inauguration ceremony, graced by Minister for Industry, Commerce and Supplies Damodar Bhandari, […]
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Nepal Urges for Concessional Aid at ADB Annual Meeting
Finance Secretary Marasini Calls for Increased Financial Support to Drive Nepal’s Post-Pandemic Recovery and Green Development Initiatives During the 57th annual meeting of the Board of Governors of the Asian Development Bank (ADB) in Tbilisi, Nepal’s Finance Secretary Madhukumar Marasini made a compelling appeal to the international community for concessional assistance. Highlighting the economic and […]
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Nepalganj’s Herb Exports Surpass Rs 700 Million, Fostering Optimism for Sector Revival
Nepalganj, the primary hub for herb exports in Nepal, has witnessed a notable achievement as herb exports exceeded Rs 700 million during a nine-month period. Despite facing various hurdles, the Nepal Herb Traders Association reports that from July to March of the current fiscal year, herb exports soared, surpassing the significant Rs 700 million mark. […]
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Nepal’s Cereal Imports Plummet in Fiscal Year 2023/24
In a significant trend for Nepal’s economy, the import of cereals has witnessed a notable decline during the first nine months of the fiscal year 2023/24. According to the latest trade data released by the Department of Customs, there has been a substantial decrease both in terms of monetary value and quantity, marking a shift […]
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