News
Nepal Initiates First Sovereign Credit Rating Process with Fitch Ratings
Nepal has embarked on securing its inaugural sovereign credit rating, with Fitch Ratings spearheading the effort. A Fitch Ratings team is currently on-site, conducting evaluations and engaging with key government entities, including the Ministry of Finance and Nepal Rastra Bank, as well as private sector companies, to gauge the nation’s economic position. Obtaining this credit […]
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Inactive Cooperatives May Face Deregistration in Nepal
In a bold move to ensure transparency and accountability within Nepal’s cooperative sector, authorities have initiated stringent measures targeting inactive and non-responsive cooperative societies. The Kathmandu Metropolitan City (KMC) and the Madhes Provincial Government have taken decisive actions, issuing warnings and cancellation notices to cooperatives that have failed to maintain regular communication and reporting. The […]
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Inactive Cooperatives May Face Deregistration in Nepal
In a bold move to ensure transparency and accountability within Nepal’s cooperative sector, authorities have initiated stringent measures targeting inactive and non-responsive cooperative societies. The Kathmandu Metropolitan City (KMC) and the Madhes Provincial Government have taken decisive actions, issuing warnings and cancellation notices to cooperatives that have failed to maintain regular communication and reporting. The […]
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Nepal’s Economic Landscape: Volatility, Reforms, and Progress
Nepal’s economic landscape has been marked by volatility and strategic planning, as the nation navigates global instabilities, domestic reforms, and sectoral advancements. The fluctuations in gold prices, mirrored by the NEPSE index’s volatility, underscore the market’s sensitivity to geopolitical tensions, monetary policy shifts, and economic uncertainties. Amidst this dynamic environment, Nepal unveiled its new fiscal […]
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Bagmati Province Leads Nepali GDP Contributions
Bagmati Province has emerged as the frontrunner in contributing to Nepal’s Gross Domestic Product (GDP), while Karnali Province lags behind, according to the latest Provincial GDP Estimates for the fiscal year 2080/81 released by the National Statistics Office (NSO). The report, made public on Wednesday, reveals that Bagmati Province is estimated to account for a […]
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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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Nepal Bans Popular Indian Spice Brands Over Cancer Concerns
In a move to safeguard public health, Nepal’s food safety agency has imposed an immediate ban on the sales and imports of popular Indian spice brands MDH and Everest. This decisive action comes after findings from several countries revealed the presence of ethylene oxide, a cancer-causing chemical, in these spice products. The Department of Food […]
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Nepali Government Aims to Brand and Export Local Liquors
In a move to promote Nepal’s traditional liquor industry, the government has unveiled plans to brand and export local liquors by maintaining stringent quality standards. President Ramchandra Paudel announced this initiative while presenting the government’s policy and program for the upcoming fiscal year 2081/082 BS. During his address, President Paudel stated that a special program […]
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Nepali Government Aims to Brand and Export Local Liquors
In a move to promote Nepal’s traditional liquor industry, the government has unveiled plans to brand and export local liquors by maintaining stringent quality standards. President Ramchandra Paudel announced this initiative while presenting the government’s policy and program for the upcoming fiscal year 2081/082 BS. During his address, President Paudel stated that a special program […]
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