Nepal’s foreign trade has shown significant growth in the first month of the current fiscal year (2082/83), according to preliminary data from the Trade and Export Promotion Centre. The country’s total foreign trade increased by 18.8% compared to the same period last year, reaching Rs. 166.97 billion. This growth is primarily fueled by a remarkable…
The Government of India has granted permission for Nepal to export an additional 80 megawatts (MW) of electricity. This new approval allows for the export of power from two hydropower projects: the 48.5 MW Mewakhola and the 31.04 MW Karuwa Seti Hydropower Projects, according to the Nepal Electricity Authority (NEA). This latest approval, combined with…
The increasing use of LP gas in Nepali kitchens and industries is leading to a significant outflow of foreign currency, raising concerns about its impact on the nation’s economy. Soaring Import Costs According to the Nepal Oil Corporation, over a five-year period from fiscal year 2077/78 to 2081/82, Nepal imported 2.593 million metric tons of…
Nepal's Finance Ministry has unveiled a major report titled "Fiscal Risk and Strategy," which identifies 11 key financial risks facing the nation and lays out 21 targeted strategies to address them. The comprehensive plan is designed to enhance Nepal's fiscal...
Based on the information provided, here is a summary of the Government of Nepal's financial status for the first 15 days of the fiscal year 2082-83, along with details about the new budget and its implementation guidelines. Government of Nepal's...
A long-awaited solution to Kathmandu Valley's notorious traffic congestion at Koteshwor Chowk is set to materialize with the construction of a cut-and-cover tunnel and two flyovers. For this ambitious infrastructure project, the Japan International Cooperation Agency (JICA) will provide Nepal...
Amidst ongoing debates about the effectiveness of federalism and provincial structures, the Koshi Province government has announced remarkable progress over the past year. The provincial government claims significant achievements in infrastructure development, investment attraction, financial discipline, and improving citizen services,...
Minister for Physical Infrastructure and Transport, Devendra Dahal, has expressed concern that National Pride Projects are failing to achieve expected success due to inadequate budget allocation. Speaking at a meeting of the National Assembly's National Concern and Coordination Committee, Minister...
The Nepal Chamber of Commerce (NCC) has organized a significant interaction program with private sector entrepreneurs and businesses in the presence of Damodar Bhandari, the Minister for Industry, Commerce and Supplies. The Chamber raised concerns about the ambiguities in Maximum...
Norvic International Hospital, a prominent private healthcare facility in Thapathali, has paid Rs 1.8 million in compensation to a patient following allegations of medical negligence. The settlement, reached on Tuesday, came about through a mutual agreement overseen by Kathmandu District...
