Kathmandu: The Ministry of Industry, Commerce and Supplies has asked for 21 days to pay the sugarcane farmers. The ministry has requested to postpone the agitation for 21 days as it is in touch with the sugar mills and is collecting data on the payment due to the farmers. However, the farmers, who have been… Continue reading Govt asks sugarcane farmer for 21 days to recover their due payment
Category: Finance
Import/export gets momentum
Kathmandu: The market, which has shrunk due to the corona virus epidemic, is slowly gaining momentum. This is also indicated by foreign trade. In the first five months of the current Fiscal Year, a total of Rs. 525.49 billion worth of goods have been imported. Goods worth Rs 50.05 billion have been exported in the… Continue reading Import/export gets momentum
World Bank to provide $80 mn loans to Nepal for agro sector
Kathmandu: The Government of Nepal and the World Bank has signed a $80 million project today to bolster Nepal’s agriculture sector by strengthening rural market linkages and promoting entrepreneurship while creating jobs to support post-COVID-19 recovery. The Rural Enterprise and Economic Development Project (REED) project was signed by Finance Secretary Sishir Kumar Dhungana on behalf… Continue reading World Bank to provide $80 mn loans to Nepal for agro sector
Nepse dropped by 97 points
Kathmandu: After the government dissolved the House of Representatives, the stock market measure Nepse has come down sharply. The stock market plunged after President Bidhya devi Bhandari presented a proposal by Prime Minister KP Sharma Oli to dissolve the House of Representatives. The index has been fluctuating since the market opened on Sunday. The Nepse… Continue reading Nepse dropped by 97 points
“Concept of two-day leave to celebrate 2021 as internal tourism year”
Kathmandu: Minister for Culture, Tourism and Civil Aviation Yogesh Bhattarai has said that 2021 will be celebrated as the year of domestic tourism. He mentioned that the concept of two days public holiday has been introduced for the same reason. Addressing an event on ‘Impact of COVID-19 on Tourism and Future Directions’ organized by the… Continue reading “Concept of two-day leave to celebrate 2021 as internal tourism year”
Govt spent Rs 1.40 billion from Corona Fund
Kathmandu: The Corona Infection Prevention and Treatment Fund has so far accumulated Rs 1.7882 billion. The income and expenditure details made public by the Office of the Comptroller and Auditor General show that amount as income. Similarly, the expenditure was Rs 1.40 billion, according to the Office of the Comptroller and Auditor General. A total… Continue reading Govt spent Rs 1.40 billion from Corona Fund
Positive situation has been created in the economy: Ministry of Finance
Kathmandu: The Ministry of Finance has analyzed that the positive situation in the economy has been created due to the recent movement in the midst of the corona virus epidemic. The Ministry has made such analysis by making public the review details of the first four months of the current Fiscal Year 2020/2021. According to… Continue reading Positive situation has been created in the economy: Ministry of Finance
Pandemic threatens India’s children with child labor rising
LUCKNOW, India (AP): A boy who cried out when he was beaten for complaining of stomach pains drew attention from a passerby, who alerted police in the central Indian city of Agra. Officers broke a padlock on the gate of the illegal shoe factory where the boy was working and found a dozen children, aged… Continue reading Pandemic threatens India’s children with child labor rising
Government decides to borrow Rs 14.15 billion from World Bank and ADB
Kathmandu: Nepal Government has decided to take concessional loan of around Rs 14 billion from the World Bank and Asian Development Bank. According to government spokesperson and Information and Communication Technology Minister Parbat Gurung, the cabinet meeting on November 28 decided to take a concessional loan of $40 million from the Asian Development Bank for… Continue reading Government decides to borrow Rs 14.15 billion from World Bank and ADB
Russia willing to invest in Nepal’s hydropower
Kathmandu: Russia has expressed interest in building a large investment hydropower project in Nepal. A team led by the Russian Ambassador to Nepal Aleksei Novikov met Minister for Energy, Water Resources, and Irrigation Barshaman Pun at the Ministry on Tuesday and expressed interest in investing in hydropower. Russia’s two largest banks, Lanta and Moscow Industrial… Continue reading Russia willing to invest in Nepal’s hydropower