46.16% of annual revenue target met in six months

By mid-January, the government received the revenue of Rs. 544 billion, according to the financial comptroller general office (FCGO).

Energy Minister urges international community to invest in Nepal's clean energy

At a programme on the 12th Assembly of International Renewable Energy Agency being held in Abu Dhabi of United Aram Emirates, Minister Bhusal asked the stakeholders to invest in the renewable energy sector of Nepal and join hands for mutually beneficial economic partnership.

China's foreign trade hits new high in 2021

The total trade in goods amounted to 6.05 trillion U.S. dollars, up 1.4 trillion U.S. dollars from a year ago, according to the General Administration of Customs (GAC).

WB projects Nepal's per capita income to fall

Despite rebound growth and an upgraded forecast, the number of people living on less than $ 1.90 per day is expected to remain above the pre-pandemic level. The report assumes tens of millions of new poor in the South Asian Region since 2020.

CM Pokharel stresses on special efforts for improving macroeconomic indicators

Chief Minister Pokharel said so today while addressing the meeting of the Province Development Problems Resolution Committee and the first quarterly progress review seminar of the current fiscal year. Although the Gandaki province has special possibilities of development, he said, it has only an 8.7 percent contribution to the total GDP of the country.

Jumla farmers drawn to Italian Fuji apples

The Apple Super Zone Office under the Prime Minister Agriculture Modernisation, Jumla, which has been providing technical support for apple production, has informed that the number of farmers planting Fuji apples has started increasing.

Lumbini records good number of tourists

“After the lockdown was lifted, a total of 508,892 tourists, both foreign and domestic, visited Lumbini in 2021,” said Gyanin Rai, chief administrative officer at Lumbini Development Fund (LDF).

Chaku production for upcoming Maghe Sankranti (Photo Feature)

Chaku, a dish made from concentrated sugarcane juice, jaggery, ghee, and nuts, is being prepared these days targeting the upcoming Maghe Sankranti on January 15.

China's services industry a new magnet for foreign investment

oreign direct investment (FDI) into the Chinese mainland, in actual use, topped the 1-trillion-yuan (156.85 billion U.S. dollars) mark in the first 11 months of 2021.

Challenges continue in raising capital expenditure

According to the Financial Comptroller General Office (FCGO), the capital expenditure remained Rs. 35.8 billion at the end of December 2021 out of the annual target of Rs. 439.6 billion.

Let's transform agriculture into industry: Finance Minister

Inaugurating the 14th annual general meeting of Nepal Agricultural Co-operative Central Federation Ltd (NACCFL) here today, he said agriculture should be promoted to build a production-oriented economy.

Only 20% work of Nepalgunj ICP in 16 years, industrialists worried

An agreement was reached to build ICPs at Biratnagar, Birgunj, Nepalgunj and Bhairahawa in Nepal 16 years ago in 2005. However, after completing the construction in Biratnagar and Birgunj, India has already handed it over to Nepal, while only 20 per cent of the work has been completed in Nepalgunj.

With rise in cold, daily electricity consumption recorded highest on Wednesday

Suresh Bahadur Bhattarai, NEA spokesperson, predicted that the electricity consumption could have reached 1,750 megawatts on the day if there was a more effective distribution of electricity in place.

Govt. initiates to set up industry and investment promotion fund

The fund will be spent for the development of micro-industry, cottage industries, development of technology, industrial promotion, rehabilitation, re-institutionalization, and management of sick industries, development of women entrepreneurship.

Energy Minister saddened by accident at under-construction project

Minister for Energy, Water Resources, and Irrigation Pampha Bhusal has expressed sorrow over the death of two people in an accident that occurred while checking the pipe of an under-construction hydroelectricity project in Solukhumbu district.

CNP receives over 51,000 visitors in first five months of current fiscal year

CNP's information and assistant conservation officer Ganesh Prasad Tiwari said 51 thousand 304 visitors visited the national park over this period. According to him, the highest number of visitors was recorded in the Nepali month Kartik (mid-October to mid-November). Twenty-one thousand 506 visitors observed the national park in Kartik, followed by 19 thousand 580 in Mangsir (mid-November to mid-December).

'Provision for tenants to enjoy reduced electricity tariff'

Moreover, even the tenants can take a separate meter from NEA and consume power accordingly. This provision can benefit hundreds of thousands of tenants living in the city.

Imports revenue edges up by 44%

In the first five months, imports sprung up by 59.55 per cent to Rs. 838.4 billion up from 525.4 billion recorded in the previous review period. In effect, the imports revenue stoked up by 44.02 per cent to Rs. 66.6 billion in comparison to the previous review period.  

Trade deficit widens by 54% despite improvement in exports

The trade deficit is nudged due to hefty imports. The imports in the five months sprang up by 59.55 per cent to Rs. 838.4 billion up from Rs. 525.4 billion in the review period of the current FY.

Tibet sees strong foreign trade growth

The foreign trade of southwest China's Tibet Autonomous Region surged 94.3 percent year on year in the first 11 months of 2021, according to data from local customs.