Strong US dollar hits foreign currency reserve while remittance inflow drops

The significant devaluation of Nepali rupee against US dollar will affect foreign currency reserves and inflation during the period of economic crisis, said economists.

Ghimire named NAC Chair   

The government has appointed former secretary Sushil Ghimire as the executive chairman of Nepal Airlines Corporation. The meeting of the Council of Ministers held on Tuesday took this decision.  

No shortage of rice even in remote areas: FMTCL

The Food Management and Trading Company Limited (FMTCL) has been supplying rice to ensure easy availability of food across the country during the lockdown.

Nepal among 25 nations to get IMF debt relief

The International Monetary Fund has approved immediate debt relief (IDF) for 25 countries, including Nepal.

Nepal among 25 nations to get IMF debt relief

IMF's Executive Board had approved the facility under its Catastrophe Containment and Relief Trust (CCRT) for its poorest member countries to help them in fighting the COVID-19 pandemic.

No shortage of rice even in remote areas: FMTCL

The FMTCL has been transporting rice to the remote areas, including Humla, via air as the demand for rice from the locals of the areas has increased amid the fear of COVID-19.

Rain, hailstone damage property worth million rupees 

Rain and hailstone occured on Monday night have damaged property worth million rupees in Parbat and Baglung districts.     A heavy rain and hailstone took place at Jaljala and Modi rural municipalities of Parbat and Tarakhola rural municiality of Baglung district and damaged different crops, according to the Agriculture Knowledge Centre, Parbat.    

ADB triples its COVID-19 response package to $20 billion

The Asian Development Bank (ADB) Monday tripled the size of its response to the novel coronavirus disease (COVID-19) pandemic to US$20 billion and approved measures to streamline its operations for quicker and more flexible delivery of assistance.

1,227,000 kg rice distributed in Morang since lockdown

The local government in Morang district has distributed a total of 1,226,977 kilograms of rice to the daily wagers and impoverished families since the enforcement of nationwide lockdown on March 24. 

Govt fines eight firms, including meat shop, during lockdown

The government has fined at least eight shops, mostly dealing in meat, foods and cooking gas, on charge of unethical business practices in the last two weeks.

Lockdown has ruined us, say cucumber farmers

Data collected by the Gaunpalika shows that nearly 50 tons of cucumbers are being produced every day, along with one ton of brinjals, 500 tons of cabbages, 500 tons if cauliflowers, 200 kilograms of tomatoes and 11,000 eggs.

State 2 declares interest waiver on agricultural loans

Minister for Land Management, Agriculture and Cooperative of State 2 Shailendra Prasad Sah has declared a relief package for the State’s farmers that includes an interest waiver on their loans.

Govt. fines eight firms, including meat shop, during lockdown

The department has inspected more than two dozen retail shops related to cooking gas, foods and meat shops over the period of lockdown to control artificial price hikes of goods as traders seek to charge high price for windfall gain in crisis.

Home-stays in Banke, Bardiya no more attractions

Though the home-stays were getting popularity on the eve of Visit Nepal 2020, it took no time for them to get deserted with the onset of the global menace.    

Works at Gautam Buddha Int'l Airport halted due to shortage of construction materials   

Construction works have halted at the Gautam Buddha International Airport here due to the shortage of the river-based construction materials. The airport is being expanded into an international airport and it is a national pride project.    

Unprecedented socioeconomic measures imperative to reduce COVID-19 effects: Finance Minister Dr Khatiwada

"The crises in the past were either human or financial and occurred over times. But the present crisis is both the human and economic together," he observed, adding that it has wider area with bigger intensity.

FNCCI seeks concession in power tariff

The Nepal Electricity Authority (NEA) should provide electricity at concessional rates for the six months after the industries resume operation, the business body demanded in its recommendations for the economic rehabilitation submitted to Minister for Finance Dr. Yuba Raj Khatiwada on Friday.

Work on Bhairahawa Airport in progress

At a time when most of the construction projects across the country have been halted due to the nationwide lockdown enforced to fight against COVID-19, construction work of Gautam Buddha International Airport (GBIA) in Bhairahawa is in progress at a fast pace.

Poultry business facing losses above Rs 220 million daily due to lockdown

The nationwide lockdown enforced to control and prevent the COVID-19 from March 24 has affected the poultry sector severely, said Guna Chandra Bista, president of Poultry Federation of Nepal.

Bhatta inspects wholesale markets

Minister for Industry, Commerce and Supplies Lekhraj Bhatta Wednesday inspected the wholesale market and inquired about the stock of essential goods with the wholesalers. Minister Bhatta along with secretary at the Ministry of Industry, Commerce and Supplies Baikuntha Aryal, Director General of the Department of Commerce, Supplies and Consumer Protection Netra Prasad Subedi observed the wholesale market in Kalimati and Kuleshwor areas and inquired about the present stock of daily goods in their...