Category: Finance

Kathmandu: Nepal’s public debt increased by Rs 14.05 billion in the first month of the current fiscal year 2082/83 (2024/25), reaching Rs 2.684 trillion, the Public Debt Management Office said in its latest report. The figure, equivalent to 43.94% of GDP, includes Rs 1.42 trillion (52.26%) in external debt and Rs 1.27 trillion (47.74%) in… Continue reading Nepal’s public debt rises by Rs 14 billion in first month of new fiscal year

Kathmandu: Despite a large number of universities and colleges established in the country for higher studies, a hefty amount of money is spent for abroad studies by Nepali students. According to the Current Macroeconomic and Financial Situation of Nepal released by the Central Bank on Sunday based on annual data, travel payments from the country… Continue reading Nepali students spend Rs 138 billion for abroad studies

Kathmandu: The economic growth rate has increased and inflation has decreased in the last Fiscal Year 2024/25 as compared to the previous fiscal year. Nepal Rastra Bank (NRB) stated this in its report entitled Current Macroeconomic and Financial Situation of Nepal (Based on Annual Data (Mid-July 2025 of 2024/25) which was issued today. According to… Continue reading Nepal’s economic growth of 4.61 percent estimated for FY 2024/25

More than 103,000 Nepalis have applied for just 5,300 job quotas offered by South Korea for 2025 under the Employment Permit System (EPS), according to the EPS Korea Branch in Nepal. South Korea has allocated the quota for workers in the manufacturing and agriculture, livestock sectors. Applications were open from August 10 to 15, during… Continue reading Over 100,000 Nepalis apply for 5,300 Korea job quotas

Kathmandu: Nepal and Russia have begun discussions to expand their bilateral trade beyond the traditional imports of crude oil and sunflower oil, according to the Nepal Foreign Trade Association (NFTA). At a meeting held on August 18 in Kathmandu, Nepali officials and Russian representatives agreed to explore opportunities in various other goods and services, including… Continue reading Nepal, Russia begin talks on expanding bilateral trade beyond oil and sunflower seeds

Kathmandu: Kiran Prakash Shakya, president of the Nepal-USA Chamber of Commerce, has urged Nepal to capitalize on the 10 percent base tariff imposed by the United States to increase exports to the American market. Speaking at the chamber’s 24th annual general meeting on Thursday, Shakya said Nepal holds a comparative advantage at a time when… Continue reading Chamber urges Nepal to leverage 10% tariff advantage to boost exports to US

Kathmandu: Minister for Agriculture and Livestock Development Ramnath Adhikari has pledged to promote inclusive and climate-resilient farming in Nepal, emphasizing climate-friendly agriculture, sustainable livestock practices, and the use of advanced technologies. Speaking at the “Interregional Dialogues on Family Farming” in Kathmandu on Tuesday, Adhikari said Nepal is prioritizing irrigation expansion, cold storage facilities, value chain… Continue reading Nepal committed to climate-resilient agriculture: Minister Adhikari

Kathmandu: India has approved the purchase of an additional 200 megawatts (MW) of electricity from Nepal, raising Nepal’s total export capacity to India to 1,010.9 MW. The approval, granted on August 11, will remain valid until October 31, 2025. The latest decision allows imports from six hydropower projects — Likhu (2), Likhu Khola A, Lower… Continue reading India approves additional 200 MW electricity import from Nepal

Kathmandu: Nepal will now allow climbers to scale 97 mountains for free over the next two years in an effort to promote tourism in remote regions, the government announced. The Tourism Department said the fee waiver applies to peaks between 5,970 metres and 7,132 metres in Karnali and Sudurpaschim provinces, two of the country’s poorest… Continue reading Nepal waives expedition fees for 97 peaks to boost remote tourism

Kathmandu: US President Donald Trump has announced an additional 25% tariff on Indian imports in retaliation for India’s continued purchase of Russian oil, taking the total tariff rate on Indian goods to 50%—one of the highest the US has imposed on any country, according to a report by the BBC. The new tariffs, set to… Continue reading Trump Slaps 25% Additional Tariff on Indian Imports Over Russian Oil Trade