Kathmandu: The global economy is expected to expand 5.6 percent in 2021, the fastest post-recession pace in 80 years, largely on strong rebounds from a few major economies. However, many emerging market and developing economies continue to struggle with the COVID-19 pandemic and its aftermath, the World Bank says in its June 2021 Global Economic… Continue reading “Output to remain below pre-COVID trends despite robust rebound by US and China”
Category: Finance
Dead bodies of Nepali migrants stranded in Malaysia due to flight ban
Kathmandu: The bodies of 35 Nepalis have been stranded in Malaysia due to the restrictions on international flights. According to Nepal Embassy in Malaysia, the bodies of about 35 Nepalis have been stranded in Malaysia alone within a month of the government shutting down international flights to prevent corona infection. According to the embassy, the… Continue reading Dead bodies of Nepali migrants stranded in Malaysia due to flight ban
NAC drops airfare after ATF price drops in international sector
Kathmandu: Nepal Oil Corporation has reduced the price of air turbine fuel (ATF) towards international sector. The airline companies had complained earlier saying that the competitiveness of the airlines operating from Nepal is low due to the high price of international ATF. Accordingly, the decision has been taken after discussions between the Ministry of Culture,… Continue reading NAC drops airfare after ATF price drops in international sector
Govt to include health infrastructure under national pride project
Kathmandu: The government has decided to include health infrastructure in the government’s national pride projects. This is the first time ever the health infrastructure will be recognized as a national pride project.The government is going to declare the Bir Hospital project under construction at Duwakota in Bhaktapur as a project of national pride in the… Continue reading Govt to include health infrastructure under national pride project
SC directs to allow e-commerce and home deliveries
Kathmandu: The Supreme Court has issued an interim order not to stop online shopping and home delivery services. A bench of Justices Sapana Pradhan Malla and Kumar Chudal on Monday issued an interim order not to stop the delivery of e-commerce services in the Kathmandu Valley. Last year, the Kathmandu District Administration Office had issued… Continue reading SC directs to allow e-commerce and home deliveries
Tourism Minister directs to reduce ATF price
Kathmandu: Minister for Culture, Tourism and Civil Aviation Bhanubhakta Dhakal has directed to reduce the price of air turbine fuel (ATF). He has directed to adjust the ATF price in a discussion with the officials of the concerned bodies on Thursday, Minister Dhakal has discussed with Tourism Secretary Yadav Prasad Koirala, Secretary at the Ministry… Continue reading Tourism Minister directs to reduce ATF price
Finance ministry commits to prevent exploitation of Chure area
Kathmandu: The Ministry of Finance has stated that the government is committed to the protection of the Chure region. Protests are taking place after the government said through the budget that it will reduce the trade deficit by extracting mining stones and sand. According to the Environment Impact Assessment Report identified by the Department of… Continue reading Finance ministry commits to prevent exploitation of Chure area
Govt unveils budget of Rs 1.64 trillion for FY 2021-22
Kathmandu: The government has released a Rs 1.64 trillion budget for the fiscal year 2021-22, which is heavily distributed. The government intends to spend Rs 678.61 billion on recurrent expenditures out of the overall budget. Similarly, Rs 347 billion has been set aside for capital expenditure and Rs 207 billion has been set aside for… Continue reading Govt unveils budget of Rs 1.64 trillion for FY 2021-22
HAN demands to prioritize tourism revival on the upcoming budget
Kathmandu: Hoteliers have called for a comprehensive tourism revival plan to protect and promote the industry. Entrepreneurs have demanded a special address from the budget saying that the hotel industry, which was hit by the global epidemic of covid-19, has been disrupted due to the new Corona variant. As this business, which has a direct… Continue reading HAN demands to prioritize tourism revival on the upcoming budget
Additional budget of Rs 1.41 billion for 41 hospitals to add ICUs and ventilators
Kathmandu: The government has started sending budgets to other hospitals for special treatment equipment after the hospital’s budget was criticized for focusing only on accessible leaders and ministers’ home districts. The Ministry of Finance has agreed to provide a budget of Rs 1.41 billion for 41 hospitals to provide additional pediatric ICUs and ICU ventilators… Continue reading Additional budget of Rs 1.41 billion for 41 hospitals to add ICUs and ventilators