economic growth.
NEPSE Rallies Higher, Gains 15.54 Points
The Nepal Stock Exchange (NEPSE) continued its upward trajectory on Wednesday, the fourth trading day of the week, as the benchmark index rose by a substantial 15.54 points. This bullish performance saw the Nepali stock market recording a steady increase of 0.73 percent, propelling the index to close at 2131.49 points amid robust trading activity. […]
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Korea to Invest $9.8 Million in Green Jobs Creation in Pokhara
In a significant move towards sustainable development, the Korean government has pledged a generous assistance of $9.8 million for the creation of green jobs in Pokhara, Nepal. The Memorandum of Understanding (MoU) for the project titled ‘Green Job Creation through Recycling and Up-cycling Project’ was signed by Ambassador Taeyoung Park and Finance Secretary Madhu Kumar […]
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Nepal’s 16th Five-Year Development Plan Unveiled
In a recent announcement, the government of Nepal has unveiled its 16th Five-Year Development Plan, outlining ambitious goals for economic growth and social development. The plan, revealed during a press conference at Singha Durbar, aims to propel the country’s economy forward, targeting a substantial increase in GDP and significant improvements in key indicators. The National […]
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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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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 Attracts Foreign Investment, China & India Offer Incentives
Nepal’s capital Kathmandu recently hosted the third Nepal Investment Summit, attracting over 1,100 foreign participants, predominantly from neighboring giants China and India. The summit aimed to showcase Nepal as an emerging destination for private sector investment and highlight recent reforms to enhance the investment climate. In a significant move, China announced the exemption of visa […]
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Tattva Farms: Reviving Tradition with Flavored Jaggery
Nepali kitchens are witnessing a revival of tradition as Tattva Farms reintroduces the beloved staple, jaggery, in a variety of flavors. Traditionally known as Shakhar and Gund, jaggery is making a comeback, thanks to Tattva Farms’ efforts to infuse it with new tastes while preserving its original and medicinal properties. Tattva Farms boasts an array […]
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Industrialists Propose Tax and Customs Reforms
Banke industrialists convened to address taxation concerns during a session with the Revenue Advisory Committee. The discussion, organized by the Nepalgunj Chamber of Commerce and Industry, highlighted the need for revisions in customs and tax rates to foster a conducive business environment. During the session, business leaders expressed dissatisfaction with the current single-rate value-added tax […]
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Fonepay IPO Announcement & Partnership with LankaPay for Interoperable Digital Payments System
Fonepay, Nepal’s leading digital payment solutions provider, has signed a Memorandum of Understanding with LankaPay, Sri Lanka’s national payment network, to develop an interoperable digital payment system, while also announcing plans for an initial public offering (IPO). This strategic collaboration aims to revolutionize the digital payment landscape and enable seamless cross-border transactions between Nepal and […]
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