Category: Finance

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

Kathmandu: Rights activists have urged the government to establish an official channel for women migrating abroad as domestic workers. They raised concerns about women traveling abroad on tourist visas or through unofficial routes to work as domestic help. At a programme organized here on ‘Safe and Legal Migration’ today, the participants called for the withdrawal… Continue reading Activists call for lifting ban on women traveling as domestic workers

Kathmandu: The Nepal Automobile Importers and Manufacturers Association (NAIMA) announced that the Nepal Mobility Expo 2025 will be held from August 6 to 10 at the Bhrikutimandap Exhibition Grounds in Kathmandu, showcasing more than 50 auto brands and launching 35 new vehicles, including 15 two-wheelers, 15 four-wheelers, and 5 commercial vehicles. At a press conference… Continue reading NAIMA Nepal Mobility Expo 2025 to feature over 50 auto brands, launching 35 new vehicles

Kathmandu: The Government of Nepal spent Rs 361.62 billion on public debt repayment in the Fiscal Year 2024/25, according to data released by the Financial Comptroller General Office (FCGO). Of the total amount, Rs 304 billion was used to service domestic debt, while Rs 45.79 billion went toward multilateral foreign loans and Rs 11.65 billion… Continue reading Nepal spent Rs 361.62 billion on public debt repayment in FY 2024/25

Kathmandu: Secretary-General of the International Organisation of Employers (IOE), Roberto Suarez Santos, has praised the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) for its efforts in fostering improved industrial relations in Nepal. Santos, who is on a three-day official visit to Nepal from July 24 to 26, made the remarks during a meeting… Continue reading IOE Chief lauds FNCCI’s role in strengthening Nepal’s industrial relations

Kathmandu: The Asian Development Bank (ADB) has pledged a total investment of US $2.3 billion (approximately Rs 313 billion) in Nepal over the next five years as part of a new strategic partnership with the Government of Nepal. The announcement was made Tuesday during the launch of ADB’s Country Partnership Strategy (CPS) for Nepal 2025–2029,… Continue reading ADB commits $2.3 billion to Nepal under new five-year partnership strategy