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Economic News

ADB forecasts Nepal’s GDP at 4.9 per cent

By Our Reporter The Asian Development Bank (ADB) has forecasted 5.5 per cent of Gross Domestic Product (GDP) growth in Nepal for the coming fiscal year 2018/19. But the bank has predicted a growth of only 4.9 per cent in the current fiscal year. The ADB  higher forecast for next …

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Japanese support for National Economic Census

By Our Reporter Finance Minister Dr. Yuba Raj Khatiwada and Japanese ambassador Masashi Ogawa attended the Unveiling of Economic Census Monument and Launching of the First National Economic Census, organized by the Central Bureau of Statistics (CBS). Yhe Japan government and Japan International Cooperation Agency (JICA) have been extending a …

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Economic health of the nation

By Pushpa Raj Pradhan Finance minister Yubraj Khatiwada has presented miserable picture of our economy. It is not a surprise that we all were aware about the down-trading economic indicators presented by the Nepal Rastra Bank. Our foreign trade was negative by many folds, remittance revenue was declining and more …

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TIA equipped with new generation radars

By Our Reporter Tribhuvan International Airport, Nepal’s only international airport, is now equipped with new generation radars ensuring air safety in the country. Japanese ambassador Masashi Ogawa expressed his happiness for the opportunity Japan has received to support Nepal for air safety of the flights. He said, Japan will continue …

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Nepal, World Bank sign three agreements

By Our Reporter The Nepal government and the World Bank signed three financing agreements for $440 million in Kathmandu to invest in the country’s post-earthquake housing reconstruction, livestock innovation, and technical education and vocational training. The agreements were signed by Finance Secretary Shankar Prasad Adhikari and World Bank Country Director …

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Monitory crisis in offing

By Our Reporter Commercial banks have increased interest rates to attract deposits as they have seen liquidity crunch in the offing. The Banks had expected liquidity flow after the elections. Money came in the market during the elections but that money didn’t reach to the Banks as expected. This means, …

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Left alliance to give stable government and economic development

By Our Reporter The UML and Maoist Center have already managed two-thirds majority in the House of Representatives and Province Parliament elections. If both the parties will get better results in proportional election, in that case, the Left alliance will be able to manage two-thirds majority dominance. However, the UML …

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Nepal identifies three potential projects to be implemented under Belt and Road Initiative

Xinhua : Nepalese Officials have identified three potential infrastructure projects to be implemented under the framework of China-proposed Belt and Road Initiative. The projects discussed by officials on Sunday include a cross-border railway project connecting China’s bordering town Kerung with Nepal’s capital Kathmandu, electricity transmission line connecting Kerung with Nepal’s …

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Budhigandaki project to hand over to India?

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By Our Reporter After strong reaction against scrapping the deal with the China Gezhouba Group Corporation (CGGC) for construction of Budhigandaki hydropower project producing 1200 MW electricity, the government on Friday, 24 November, decided to develop the Project on its own. DPM and Energy Minister Kamal Thapa informed that the …

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