Kathmandu: Nepal’s economy is projected to grow 4.5 percent in FY25, up from 3.9 percent in FY24, despite significant natural disasters in late 2024. Growth is expected to be driven by increased domestic trade, hydropower generation and paddy production, according to the World Bank’s latest Nepal Development Update: Leveraging Resilience and Implementing Reforms for Boosting… Continue reading Nepal’s Economy Expected to Remain Resilient in Face of Economic Shocks, says World Bank
Month: April 2025
Kathmandu’s air quality reaches ‘Very Unhealthy’ levels, ranks as world’s most polluted city
Kathmandu: Kathmandu Valley’s air quality has deteriorated to a very unhealthy level, with the Air Quality Index (AQI) hovering around 260 throughout the day on Thursday. According to IQAir, a global air quality monitoring agency, Kathmandu ranked as the most polluted city in the world today. An AQI reading above 200 is considered hazardous for… Continue reading Kathmandu’s air quality reaches ‘Very Unhealthy’ levels, ranks as world’s most polluted city
Digital financial services transforming Nepal’s economy, says IFC-NRB report
Kathmandu: Nepal’s digital financial sector is rapidly expanding, driving financial inclusion and economic growth, according to a flagship report launched by the International Finance Corporation (IFC) and Nepal Rastra Bank (NRB). The report outlines key milestones achieved through two major projects: Access to Financial Services, supported by Japan and the United Kingdom, and Digital Financial… Continue reading Digital financial services transforming Nepal’s economy, says IFC-NRB report
Nepal, Thailand sign six MoUs to boost bilateral cooperation
Kathmandu: Nepal and Thailand signed six Memorandums of Understanding (MoUs) today, strengthening ties in trade, tourism, education, and cultural cooperation during Prime Minister KP Sharma Oli’s official visit to Thailand. The agreements include two MoUs at the government level and four from non-government entities. Before the signing, Prime Minister Oli met with his Thai counterpart,… Continue reading Nepal, Thailand sign six MoUs to boost bilateral cooperation
Govt to compensate families of Tinkune protest victims
Kathmandu: The Ministry of Home Affairs (MoHA) has decided to provide Rs 1 million each to the families of two individuals killed during the pro-monarchy protest in Tinkune on March 28. Protester Sabin Maharjan was shot dead by police during the demonstration, while journalist Suresh Rajak lost his life in a fire that broke out… Continue reading Govt to compensate families of Tinkune protest victims