economic resilience

Minister Urges Industrial Sector Expansion for Economic Growth
Business | Finance | Economy

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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“Finance Minister Emphasizes Government’s Pro-Private Sector Stance
News

“Finance Minister Emphasizes Government’s Pro-Private Sector Stance

During a meeting with representatives from the Revenue Advisory Committee and private sector umbrella organizations at the Ministry of Finance, Finance Minister Barshaman Pun highlighted the government’s efforts to promote a private sector-friendly agenda. Minister Pun noted that the active participation of the private sector in the recent Nepal Investment Summit serves as a testament […]

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Market

Nepal Oil Corporation Raises Fuel Prices by Three Rupees Per Litre

The Nepal Oil Corporation (NOC) has announced a significant hike in the prices of petrol, diesel, and kerosene, effective from Monday midnight. According to a press note issued by the NOC, the prices of petrol, diesel, and kerosene have been increased by three rupees per litre each, in response to the rise in petroleum prices […]

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IMF Upgrades Global Economic Outlook: Soft Landing Ahead
Business | Finance | Economy

IMF Upgrades Global Economic Outlook: Soft Landing Ahead

The International Monetary Fund (IMF) has revised its global economic forecast, painting a picture of a “soft landing” for the world economy. Anticipating steady if modest growth, the IMF now projects a 3.2% expansion worldwide for the current year, matching the pace of 2023, with a similar growth outlook for 2025. Key to this outlook […]

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