A grant from the Millennium Challenge Corporation to build a transmission line has made the country seem subservient to a vicious US-China tug-of-war.
Nepal’s economy slow and in danger amidst economic challenges, say experts
Amid sluggish major macroeconomic indicators, Nepal has been facing economic challenges and hassles as per the latest central bank data.
World Bank economist says Nepal’s economy not in crisis
Nepal’s economy is not in crisis as feared by many amid dwindling foreign exchange reserves and ballooning current account deficit caused by surging imports and declining inflows of remittance, a …
Nepal business entities to cooperate to reduce trade deficit
The Nepal Chamber of Commerce and the Nepal Handicrafts Federation have agreed to collaborate to reduce the country’s massive trade deficit.
Business entities for cooperation to reduce trade loss
Nepal Chamber of Commerce and Nepal Handicrafts Federation have decided to work in cooperation in a bid to reduce the yawning trade deficit.
Wage Bill Constraints: Hardship of Teachers in Nepal
In 2020, the International Monetary Fund (IMF) directed the governments of 15 countries, including Nepal, to reduce their public expenditure. This has greatly impacted teachers after the COVID-19 …
Nepal’s economy cannot be compared to Sri Lankan economy: CNI
A delegation including President of Confederation of Nepalese Industries (CNI) Vishnu Kumar Agrawal has called on Finance Minister Janardan Sharma. During the meeting held at the Ministry of Finance, …
Is Nepal heading down Sri Lanka’s path?
The Association of Nepalese Rice, Oil and Pulses Industry on Sunday asked the Ministry of Finance to put up import restrictions on rice and pulses after Nepal’s central bank asked commercial banks to …
Send money to increase forex reserves: Nepal to citizens abroad
Nepal’s Finance Minister Janardan Sharma on Saturday asked Nepalese citizens living abroad to deposit funds in domestic banks as part of efforts to preserve foreign exchange reserves. If one lakh …
Nepal Finance Minister calls non-residents to open dollar accounts in Himalayan nation
The Nepal Government has urged Nepalese residing in foreign countries to open dollar accounts in banks in the country and make investments amidst the economic crisis in the Himalayan nation. Nepal’s …