Kathmandu: In the previous years, with the onset of the first flush of tea, traders from the western countries were found teasing the tea plantations in the eastern hilly districts. Especially tea buyers from Germany, USA and other countries used to go to the orchards and factories to demand tea.This time, no tea buyers could… Continue reading International tea market of Nepal declines by 40 percent
Category: Finance
Finance Minister Poudel is excited by revenue raised in last three months
Kathmandu (NAN): Finance Minister Bishnu Poudel has said that the policy arrangements need to be corrected to improve the weak state of capital expenditure. Finance Minister Poudel has said that such laws need to be reformed as capital expenditure is weak due to some legal provisions.Talking to News Agency Nepal (NAN), he said that he… Continue reading Finance Minister Poudel is excited by revenue raised in last three months
New record for motorcycle sales in festive season
Kathmandu: Every year, focusing on Dashain, Tihar and Chhath festivals, motorcycle companies used to bring offers to customers who buy motorcycles and scooters. Offers came this year too, but the customer’s desire was different. Dealers like Bajaj, Honda, Yamaha, TVS, Hero, Suzuki, Aprilia, Vespa, KTM, Benelli, Royal Enfield did not offer as many discounts as… Continue reading New record for motorcycle sales in festive season
Remittances increased by 8 percent to Rs 165 billion in two months
Kathmandu: Remittances to Nepal from abroad have increased by eight percent during the first two months of the current fiscal. According to the data released by Nepal Rastra Bank (NRB) remittance inflow was 8.1 percent during the same period of last fiscal year.According to NRB, remittance worth Rs. 165.73 billion has been received till mid-August.… Continue reading Remittances increased by 8 percent to Rs 165 billion in two months
FDI increases even during pandemic
Kathmandu: Amid the Covid-19 pandemic, foreign investors are excited to open new industries in Nepal. Although covid-19 cases are increasing significantly in the country, the processes of registering new industries with foreign investment seems to be normal at present.A total of 89 industries with foreign investment have been registered in the first three months of… Continue reading FDI increases even during pandemic
Asian stocks dip as U.S. political concerns grow
SYDNEY/NEW YORK (Reuters) – Asian stocks slipped on Tuesday as investors adjusted risk exposure heading into the U.S. election and as a deadline for Washington to pass an economic stimulus bill approached while Europe reported record daily coronavirus infections.MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.11 percent lower after U.S. stocks ended the… Continue reading Asian stocks dip as U.S. political concerns grow
Social Security Administration announces 1.3 % benefit increase for 2021
New York: The Social Security Administration (SSA) has announced today, that Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase by 1.3 percent in 2021. According to SSA, the 1.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January… Continue reading Social Security Administration announces 1.3 % benefit increase for 2021
NYS Economy added 75,300 Private Sector Jobs in September
New York: In September 2020, the number of private sectors’ jobs in New York State has increased over the month by 75,300 or 1.0 percent to7, 285,400, according to the preliminary figures released by the New York State Department of Labor on October 15. This represents the fifth straight month of job gains for the… Continue reading NYS Economy added 75,300 Private Sector Jobs in September
Nepal’s per capita income reached $1,115: IMF
Kathmandu: The average income of Nepali citizens has increased at a time when the global economy is in a recession due to the coronavirus epidemic and Nepal’s economic growth is also in a phase of deflation. According to the International Monetary Fund (IMF) per capita income of Nepalis has reached 1,115 US dollars. In the… Continue reading Nepal’s per capita income reached $1,115: IMF