Nepali economy
Probe into Nepali Payment Firms
In a move to crackdown on illicit financial activities, the Nepal Rastra Bank (NRB), the country’s central bank and regulatory authority, has launched an investigation into two prominent Nepali payment service providers – Prabhu Money Transfer and Sajilo Pay Payment Services. The investigation stems from suspicions of their alleged involvement in unlawful businesses such as […]
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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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NEPSE Rises Slightly, Hotels Lead the Surge
In the latest trading session on Thursday, NEPSE, the Nepali stock market index, saw a modest rise of 5.63 points (0.28 per cent) compared to the previous day, closing at 1966 points. The positive momentum was driven by gains in various sectors, particularly the hotel and tourism group. The market witnessed fluctuations with 115 companies […]
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Nepal Launches Foreign Employment Saving Bond 2086 with 9% Interest Rate
The Public Debt Management Office (PDMO), operating under the Ministry of Finance, has unveiled the Foreign Employment Saving Bond 2086, offering a lucrative 9% interest rate. With the aim of attracting Nepali migrant workers and returning citizens, this bond initiative targets to raise Rs. 1 billion with a maturity period of five years. Catering specifically […]
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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’s Finance and Health Sectors Forge Closer Ties with China
In a significant development for Nepal’s economic and healthcare sectors, Chief Minister Yam Lal Kandel of Karnali Province convened with Finance Minister Barshaman Pun to deliberate on crucial projects and budget allocations for the forthcoming fiscal year. During the meeting, discussions centered on prioritizing key initiatives aimed at bolstering economic growth and addressing pressing healthcare […]
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Indian Envoy Pledges More Indian Investment in Nepal
In a significant move to bolster economic ties between India and Nepal, India’s Ambassador to Nepal, Naveen Srivastava, has assured that he will encourage more Indian companies to invest in the Nepali market. The ambassador made this commitment during his address at the opening session of the Third Nepal Investment Summit (NIS) held in Kathmandu […]
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Economic Experts Urge Balanced Approach in Upcoming Nepal Budget
As Finance Minister Barsha Man Pun prepares to unveil the upcoming budget amidst high expectations from Nepal’s youth and economic challenges, economic experts have urged a balanced and targeted approach. During a consultation organized on Thursday, ahead of the next year’s budget, experts emphasized the need to prioritize key sectors such as agriculture, tourism, energy, […]
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India-Nepal Economic Partnership Summit 2023
The India-Nepal Economic Partnership Summit 2023 is a major event that will bring together key stakeholders from both countries to discuss ways to deepen economic engagement. The summit is being organized by the Nepal-India Chamber of Commerce and Industry (NICCI), the PHD Chamber of Commerce and Industry (PHDCCI), the Startup Network, the Nepal SBI Bank, […]
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