Nepals
Nepal’s Foreign Trade Declines Significantly, Imports Outweigh Exports
Nepal’s trade landscape reflects a concerning downturn, with foreign trade experiencing a substantial decline during the first ten months of the current fiscal year. Reports indicate a stark plunge of 36.69 billion rupees, painting a challenging picture for the nation’s economic outlook. As of April, Nepal’s total foreign trade stands at 1.429 trillion rupees, showcasing […]
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Private Sector Urges Competitive Tax Reforms to Curb Smuggling
The private sector in Nepal has raised concerns over the prevalent issue of cross-border smuggling, urging the government to introduce a competitive and progressive tax system to address this challenge. This call to action comes amidst an economic summit titled ‘Fundamental Need of Economy: Joint Commitment from Political Leaders’ organized by Kantipur Media Group in […]
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Nepal’s Foreign Exchange Reserves Surge by 24.2% to New Heights
Nepal’s foreign exchange reserves have witnessed a remarkable surge, according to the latest data released by the Nepal Rastra Bank (NRB). In mid-April 2024, the gross foreign exchange reserves soared by an impressive 24.2 percent, reaching a staggering Rs. 1911.86 billion, a significant increase from the Rs. 1539.36 billion recorded in mid-July 2023. In US […]
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Nepal’s Banking Sector: A Beacon for Women’s Advancement
In Nepal, Banking Industry Leads Women’s Empowerment Efforts, Nepali Women in Finance, Nepali Market Progress, Nepal Women Workforce, Nepal Banking Gender Equality, Nepal Business News, Nepal’s banking sector is paving the way for women’s empowerment despite social challenges in the patriarchal society. A recent report by the International Finance Corporation (IFC) unveils Nepal’s leading role […]
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Swiss Aid Boosts Nepal’s Eco-Tourism Push
In a significant move to bolster Nepal’s eco-tourism sector and empower local communities, the Swiss government has pledged financial assistance of 9.01 million Swiss francs for a trekking-based tourism project in the Koshi Province. The four-year project, slated to commence this year, is expected to directly benefit approximately 100,000 locals across 29 local levels within […]
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DFI Investments Crucial for Nepal’s Economic Growth and LDC Graduation
As Nepal stands at a critical juncture to graduate from the least developed countries (LDCs) category by 2026, the investment from development finance institutions (DFIs) has become crucial for the nation’s economic growth, according to experts and participants at a function held on Tuesday. DFIs are specialized foreign government-backed institutions that invest in commercially viable […]
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Nepal’s Renewable Energy Beckons Global Investors
In a compelling call to action, Nepal’s Minister of Energy, Water Resources and Irrigation, Shakti Bahadur Basnet, has urged both domestic and foreign investors to participate in the government’s ambitious campaign to harness the country’s abundant renewable resources. Addressing a session titled ‘Navigating Nepal’s Renewable Energy Potential’ at the 3rd Nepal Investment Summit-2024, the minister […]
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Nepal’s Economy Projected to Grow by 3.87% This Year: CBS
The Central Bureau of Statistics (CBS) has estimated that Nepal’s economic growth rate will be 3.87 percent for the current fiscal year 2080/81. This projection suggests a significant expansion of the Nepali economy by 3.87 percent compared to the previous year’s growth rate of 1.86 percent. According to the details disclosed in the Annual National […]
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Nepal’s Foreign Trade Sees Decline in Current Fiscal Year
Nepal’s foreign trade in the first nine months of the current fiscal year (FY 2080/081) has amounted to Rs 1.281 trillion, as per the Central Bureau of Statistics. Compared to the same period last year, which saw foreign trade at Rs 1.319 trillion, this year’s trade volume has decreased by 3 percent, equivalent to Rs […]
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Silent Suffering: The Ignored Plight of Passengers on Nepal’s Highways!
Hailing from western Nepal, I typically make the journey from Kathmandu to my hometown two to three times a year. When traveling by bus, most, if not all, night buses halt at isolated places where no other hotels are available. This compels passengers to opt for a single expensive hotel that provides unjust services in […]
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