Business | Finance | Economy
DFI Investments Crucial for Nepal’s Economic Growth and LDC Graduation
As Nepal stands at a critical juncture to graduate from the least developed countries (LDCs) category by 2026, the investment from development finance institutions (DFIs) has become crucial for the nation’s economic growth, according to experts and participants at a function held on Tuesday. DFIs are specialized foreign government-backed institutions that invest in commercially viable […]
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Tax Reforms and Economic Growth: Finance Minister’s Assurance
Nepal’s Finance Minister Emphasizes Need-Based Tax Reforms Kathmandu, May 5: In a significant move to promote economic growth and address industry concerns, Finance Minister Barsha Man Pun has assured that the tax rates for the upcoming fiscal year will be revised based on need and relevance. Speaking during a meeting with youth industrialists and IT […]
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Tax Reforms and Economic Growth: Finance Minister’s Assurance
Nepal’s Finance Minister Emphasizes Need-Based Tax Reforms Kathmandu, May 5: In a significant move to promote economic growth and address industry concerns, Finance Minister Barsha Man Pun has assured that the tax rates for the upcoming fiscal year will be revised based on need and relevance. Speaking during a meeting with youth industrialists and IT […]
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Nepal’s Renewable Energy Beckons Global Investors
In a compelling call to action, Nepal’s Minister of Energy, Water Resources and Irrigation, Shakti Bahadur Basnet, has urged both domestic and foreign investors to participate in the government’s ambitious campaign to harness the country’s abundant renewable resources. Addressing a session titled ‘Navigating Nepal’s Renewable Energy Potential’ at the 3rd Nepal Investment Summit-2024, the minister […]
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Nepal’s Investor-Friendly Climate Lauded at Investment Summit 2024
The third Nepal Investment Summit 2024 has served as a platform for national and international entrepreneurs to showcase Nepal’s investment-friendly climate and abundant opportunities. During the session ‘Success Stories of Investment in Nepal,’ participants shared their experiences of thriving businesses in the Himalayan nation and expressed optimism about the prospects of investing in various sectors. […]
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GEFONT Report Exposes Alarming Rise in Minimum Wage Violations
In a concerning revelation, the General Federation of Nepalese Trade Unions (GEFONT) has exposed a significant rise in minimum wage violations across industrial enterprises in Nepal. According to GEFONT’s recent Labor Audit Report- 2080 BS, an alarming 21.7% of industries are failing to pay their laborers the government-mandated minimum wage, marking a six percent increase […]
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Nepal’s Economy Projected to Grow by 3.87% This Year: CBS
The Central Bureau of Statistics (CBS) has estimated that Nepal’s economic growth rate will be 3.87 percent for the current fiscal year 2080/81. This projection suggests a significant expansion of the Nepali economy by 3.87 percent compared to the previous year’s growth rate of 1.86 percent. According to the details disclosed in the Annual National […]
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Nepal’s Sustainable Development Vision Unveiled at Investment Summit
Dr. Min Bahadur Shrestha, Vice Chairman of Nepal’s National Planning Commission (NPC), has unveiled the country’s sustainable development vision while addressing the ‘Harnessing Green Finance for Sustainable Investment’ session at the Third Investment Summit in Kathmandu. He highlighted that the goals and programs of Nepal’s upcoming 16th Plan have been formulated by identifying the nation’s […]
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Nepal Gears Up to Host Major World Bank Meeting
Nepal is gearing up to host a major international economic conference, as Finance Minister Barshaman Pun and Martin Rager, Vice President of the World Bank for South Asia, convened in Kathmandu to discuss preparations for the upcoming 21st meeting of the World Bank’s International Development Association (IDA). The high-profile summit, scheduled to take place from […]
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Nepal Inks Landmark Deal with Croatia for Trade and Tourism Boost
In a major development for Nepal’s business landscape, the Nepal Chamber of Commerce (NCC) has entered into a landmark agreement with a Croatian business delegation. The Memorandum of Understanding (MoU) focuses on bolstering collaboration in the trade and tourism sectors, opening new avenues for growth and investment. The agreement, aimed at facilitating trade and attracting […]
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