RAJESH KHANAL

KATHMANDU, Nov 15: In a major breakthrough, Nepal can now sell its electricity to Bangladesh with India finally agreeing to materialize the tripartite agreement on allowing Nepal for cross-border power trade with the SAARC country via Indian land.

On September 30, 2020, the Nepal Electricity Authority (NEA) recorded a wastage of up to 5 million units of electricity, largely attributed to low domestic energy demand and problems within the electricity distribution system. The issue recurred in September 2023, with 30 hydropower plants wasting 5...

KATHMANDU, Sept 22: The USA has responded positively to extend the deadline to provide duty-free facility to Nepal for its 77 specified products exported to the USA which is about to end next year.

KATHMANDU, Sept 20: Nepal’s public debt has reached Rs 2.498 trillion with an additional government borrowing of Rs 104 billion in the past two months.

KATHMANDU, Aug 19: India has agreed to import an additional 251 MW of electricity from Nepal at a time when the Himalayan country has been requesting its southern neighbor to expand its purchase volume.

KATHMANDU, July 26: Nepal Rastra Bank (NRB) has taken cautiously flexible measures to facilitate cash flow in certain sectors including construction and share transactions by unveiling the Monetary Policy for the fiscal year 2024/25 on Friday.

KATHMANDU, July 17: The government fell short of its target for both revenue collection and public expenditure in the fiscal year 2023/24, which ended on Monday.

KATHMANDU, July 12: The International Monetary Fund (IMF) has shown serious concern over Nepal’s low capital expenditure, financial sector vulnerabilities, cooperatives related issues and political instability, stating that these factors are likely to affect the country’s pace of economic recovery.

KATHMANDU, May 29: The government has announced a total budget of Rs 1.860 trillion for the fiscal year 2024/25.

With controversies surrounding royalty payments for non-telecommunication services by ISPs, the government is refusing to release necessary foreign exchange to them.