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World Bank paints grim economic picture of NepalGrowth expected to range between 1.% and 2.8%
Published On: April 13, 2020 08:24 AM NPT By: Republica
KATHMANDU, April 13: Painting a grim economic picture, the World Bank has significantly lowered Nepal's growth projection to a range between 1.5 percent and 2.8 percent in the current fiscal year 2019/20. This is the downward revision of the growth forecast from 6.4 percent that the World Bank had made in October last year.
Long-standing CGT controversy of Ncell comes to end as company clears all outstanding dues
Published On: April 12, 2020 04:40 PM NPT By: Republica
KATHMANDU, April 12: Ncell, a privately owned telecommunication company, has cleared all its dues related to outstanding capital gain tax (CGT) on Sunday.
Nepal's economic growth expected to fall to range between 1.5 and 2.8 percent this year : World Bank
Published On: April 12, 2020 02:26 PM NPT By: Republica
KATHMANDU, April 12: Nepal's economic growth is expected to fall to a range between 1.5 and 2.8 percent in the Fiscal Year 2020 reflecting lower remittances, trade and tourism, and broader disruptions caused by the coronavirus outbreak, the World Bank said on Sunday.
India lifts ban on medicine export to Nepal
Published On: April 12, 2020 10:30 AM NPT By: Republica
KATHMANDU, April 12: Nepal can now import necessary drugs from India, with the southern neighbor lifting the ban on medicine that had been imposed for the past one month, following an increasing threat of COVID-19.
Construction works at Bheri-Babai continues despite lockdown
Published On: April 12, 2020 10:25 AM NPT By: Nagendra Upadhyaya
SURKHET, April 12: The lockdown imposed by the government to contain the spread of COVID-19 has affected development projects in the country but national pride project, Bheri-Babai Diversion Multipurpose Project has been able to carry out construction works even during the lockdown period.
Rasuwagadhi Hydropower Project receives 60 tons of cement after 17 days
Published On: April 12, 2020 10:22 AM NPT By: Republica
KATHMANDU, April 12: 60 tons of cement that were stranded for 17 days due to the lockdown has reached Rasuwagadhi Hydropower Project site in Rasuwa district. The construction works had been halted since the last two weeks due to the lockdown. The cement had been transported to Ramche of Rasuwa district on March 24 and had been kept there because of the lockdown.
FNCCI seeks support from government to revive business sector
Published On: April 11, 2020 09:19 AM NPT By: Republica
KATHMANDU, April 11: The private sector has asked for support from the government to revive the business sector that has been hit hard due to the coronavirus (COVID-19) outbreak in the world.
Poultry sector bears loss from lockdown
Published On: April 11, 2020 09:02 AM NPT By: Binod Dhungana
TANAHUN, April 11: Poultry entrepreneurs of Tanahun district are facing a crisis due to the lockdown enforced by the government to minimize the spread of COVID-19. According to poultry farmers, lack of grains for the poultry sector has affected production and the lockdown has affected sales of poultry products. Most of the farmers in the district have sold their chickens bearing huge losses.
Nepal Telecom extends offer on voice and data packs
Published On: April 10, 2020 12:37 PM NPT By: Republica
KATHMANDU, April 10: Nepal Telecom has extended its 'Stay Connected' offer for on voice and data packs till April 16 in line with the government's decision to extend the lockdown to contain the spread of COVID-19.
Nepal receives first shipment via Tatopani in more than two months
Published On: April 10, 2020 12:25 PM NPT By: Republica
KATHMANDU, APRIL 10: Tatopani Customs Office along Nepal-China border, which had remained closed for over two months, resumed operation on Wednesday with the import of first lot of healthcare materials from China.
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