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Economic News

Trade deficit increases by 71% in six months

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By Our Reporter All is not well with the national economy. Increasing trade deficit indicates this. According to statistics released by the Trade and Export Promotion Centre last week, trade deficit of Nepal reached as high as Rs 429 billion in the first six months of the current fiscal year.  …

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Plans for high speed Internet at Everest, Annapurna regions

Nepal Telecommunications Authority (NTA) is planning to expand broadband internet service in the Everest Base Camp and the Annapurna Base Camp – two major trekking areas of the country. Speaking at ‘Nepal Broadband Forum 2017- Enabling Digital Economy For a Better Connected Nepal: Transforming Nepal into a Broadband Nation By …

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Corruption inside the construction world

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By Our Business Reporter Though the construction companies are working on low bidding, they are always making profit as they are manipulating the government in different ways. The construction companies are found manipulating the Vat bills and also bringing hardware goods in the name of construction materials and supplying them …

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MoU signed to promote Nepali products in sister cities

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The Industry Ministry and Kathmandu Metropolitan City (KMC) last week signed a memorandum of understanding (MoU) to establish stalls showcasing Nepali products in Kathmandu’s sister cities aboard in a bid to promote exports. They are planning to open outlets to display and sell these goods in 16 different countries including …

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New Transport Office in Swayambhu

Members of the public now can acquire driving licences from the Transport Management Office in Thulo Bharyang of Swayambhu as well. Distribution of the driving licence began here on Sunday. Inaugurating the service, Minister for Physical Infrastructure and Transport Ramesh Lekhak said “similar offices would begin service from Chabahil of …

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International Industrial Trade Fair expo this April

The Federation of Nepal Cottage and Small Industries is organizing International Industrial Trade Fair and Technological Expo at Bhrikuti Mandap Exhibition Hall from April 19 to 23 this year. The expo is supported by the Ministry of Science and Technology, Ministry of Agricultural Development, Nepal Academy of Science and Technology, …

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Will Khasha pass be resumed?

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By Our Reporter The Chinese side is seeking the government’s commitment against use of Nepali soil by the anti-Chinese activists. According to a source in the Home Ministry, the Chinese side has expressed concern over the use of Tatopani route by the free-Tibet activists. Not to forget, in 2008, China …

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Nepal’s trade deficit doubles

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By Our Reporter All is not well with Nepal’s economy. The trade deficit that doubled in the first four months of the current fiscal year is a testimony to this. If necessary measures are not taken to reduce the widening trade deficit, the national economy may collapse one day.  However, …

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Ban on IC notes affects Nepal

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The ban imposed on the use of high denomination notes of 500 and 1000 IC notes has also affected the Nepalese, mostly in Tarai and the Karnali zone, form where many Nepalese go to India to work. Many Nepalese working in India were also unable to exchange the notes. These …

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Millennium Challenge Corporation Program in Nepal Moves Forward

Kathmandu – The U.S. Government’s Millennium Challenge Corporation (MCC) – an independent U.S. Government agency working to reduce global poverty through economic growth- announced the launch of feasibility studies of various power sector projects proposed by the Office of the Millennium Challenge Nepal (OMCN), a Government of Nepal office which …

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