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Tourism ministry achieves 60 pc progress in last fiscal
Published On: August 25, 2020 08:35 PM NPT By: Republica
KATHMANDU, Aug 25: The Ministry of Culture, Tourism and Civil Aviation (MoCTCA) has achieved 60 percent progress in the last fiscal year 2019/20, according to Tourism Minister Yogesh Bhattarai.
Nepal’s import expenditure went down nearly 20% in the first month of current fiscal year
Published On: August 25, 2020 09:20 AM NPT By: Republica
KATHMANDU, Aug 25: Nepal’s import expenditure went down by 19.6% in the first month of the current fiscal year, following a fall in economic activities amid a rising spread of COVID-19.
“Resilient recovery requires investing in new growth opportunities that build overall resilience to future shocks”
Published On: August 25, 2020 08:25 AM NPT By: Republica
In an email interview with Republica, Faris Hadad-Zervos, World Bank Country Director for the Maldives, Nepal and Sri Lanka, explains the framework along with other issues like the World Bank’s support to Nepal and how the government should manage its resources during this crisis:
Stocks stretch advance with massive volume jump
Published On: August 25, 2020 08:00 AM NPT By: Republica
KATHMANDU, Aug 24: The Nepal Stock Exchange (Nepse) saw upbeat trading since the beginning of Monday’s session. The Nepse index climbed 8 points early in the morning and plateaued at mid-day. A sharp rally around mid-session helped the benchmark hit its intraday high at 1,433 points. Following a brief correction in the afternoon, the index staged a steady rebound to close the day at 1,431.61 points – up 21.61 points against the session earlier.
Govt to distribute fertilizers according to pre-scheduled time slots
Published On: August 24, 2020 06:40 PM NPT By: Republica
KATHMANDU, Aug 24: The government has said that it will distribute fertilizers to farmers as per a schedule to avoid crowding in the distribution centers.
Market sees active participation despite lockdown in order
Published On: August 24, 2020 07:48 AM NPT By: Republica
KATHMANDU, Aug 23: The stock market opened the week’s trading on a mildly positive note. The Nepal Stock Exchange (Nepse) index traded around 5 points higher in the morning. After a brief dip towards red at mid-day, the benchmark maintained positive bias throughout the latter trading hours. Following flat trading for most of the afternoon, a last hour rally led the Nepse to a gain of 12.77 points to settle at 1,410.34 points.
Flipkart enters Nepali market in partnership with Sastodeal
Published On: August 23, 2020 08:45 PM NPT By: Republica
KATHMANDU, Aug 23: Flipkart has entered the Nepali market in partnership with Sastodeal, a Nepal-based online shopping website to sell its products.
Schedule for regular Int'l flight to be ready by Tuesday
Published On: August 23, 2020 08:02 PM NPT By: RSS
KATHMANDU, Aug 23: The Ministry of Culture, Tourism and Civil Aviation is gearing up to prepare the schedule for the regular international flight that would be resumed from September 1 after nearly five months.
Public borrowing in Nepal hits Rs 44,892 per head
Published On: August 23, 2020 06:30 PM NPT By: Republica
KATHMANDU, Aug 23: Per capita debt of Nepal has reached Rs 44,892 as direct consequences of a massive increase in government borrowing triggered by the slow growth in revenue collection, increase in development works and unproductive government spending.
Gold price sees a slight drop to Rs 98,400 per tola
Published On: August 23, 2020 05:45 PM NPT By: Republica
KATHMANDU, Aug 23: Gold price saw a slight drop to Rs 98,400 per tola (11.66 grams) on Sunday.
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