Nepali startups
Nepal Unveils Startup Policy to Boost Entrepreneurship
In a bid to foster innovation and entrepreneurship, the Nepali government has announced the ‘National Startups Policy, 2080’, which outlines a range of incentives and facilitation measures for startup enterprises in the country. The policy, adopted and enforced by the Council of Ministers, aims to promote and facilitate investment in startups by providing waivers, easing […]
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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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First MCC construction contract awarded – Butwal Substation Deal Signed
In a significant stride towards bolstering Nepal’s energy infrastructure and facilitating cross-border energy trade, the Millennium Challenge Account-Nepal (MCA-Nepal) has inked a contract agreement for the construction of the New Butwal Substation. This pivotal project is being funded through a grant from the US Mission Millennium Challenge Corporation (MCC), marking the first construction contract under […]
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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 Chamber of Commerce Urges Prime Minister for Economic Rejuvenation
In a recent development, a delegation from the Nepal Chamber of Commerce (NCC) convened with Prime Minister Pushpa Kamal Dahal ‘Prachanda’ to address the pressing economic issues gripping the nation. Led by NCC president Kamlesh Kumar Agarwal, the delegation presented recommendations aimed at revitalizing the economy through enhanced coordination between fiscal and monetary policies. According […]
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Nepal Chamber of Commerce Urges Prime Minister for Economic Rejuvenation
In a recent development, a delegation from the Nepal Chamber of Commerce (NCC) convened with Prime Minister Pushpa Kamal Dahal ‘Prachanda’ to address the pressing economic issues gripping the nation. Led by NCC president Kamlesh Kumar Agarwal, the delegation presented recommendations aimed at revitalizing the economy through enhanced coordination between fiscal and monetary policies. According […]
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Nepal’s Cereal Imports Plummet in Fiscal Year 2023/24
In a significant trend for Nepal’s economy, the import of cereals has witnessed a notable decline during the first nine months of the fiscal year 2023/24. According to the latest trade data released by the Department of Customs, there has been a substantial decrease both in terms of monetary value and quantity, marking a shift […]
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Nepal Business News: Loans, Elections, Currency Update
Nepal Government Approves World Bank Loan for Development Projects Kathmandu, May 3: In a significant move to boost the country’s economy, the Nepal government has given the green light for a concessional loan of around Rs 13.33 billion from the World Bank. This decision was announced during a press conference held at the Ministry of […]
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Nepal Investment Summit 2024: Projects Worth Rs 9.13 Billion Approved
Investments worth a whopping Rs 9.13 billion have recently gotten the nod for four diverse projects in Nepal. These developments come as part of the ongoing 3rd Nepal Investment Summit 2024, signaling promising growth in the nation’s economic landscape. The Department of Industry has greenlit significant investments across various sectors, setting the stage for enhanced […]
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