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Budget needs to focus on agricultural production to check increasing dependency on food imports
Published On: May 21, 2020 08:15 PM NPT By: Republica
KATHMANDU, May 21: With several negative impacts on the economic activities amid the growing threat of Covid-19 across the country, the government is expected to come up with effective programs to boost the agricultural sector via the announcement of the budget for fiscal year 2020/21 that is scheduled for May 28.
Sharp increase in food imports during nationwide lockdown
Published On: May 21, 2020 08:10 AM NPT By: Republica
KATHMANDU, May 20: Import of food items has almost doubled in the last two months of nationwide lockdown. This comes at a time the local farmers are complaining to take their produce to the market due to the problem of transportation and shortage of labor.
Energy Minister requests World Bank to invest in Upper Arun Project
Published On: May 20, 2020 07:13 PM NPT By: Republica
KATHMANDU, May 20: Minister for Energy, Water Resources and irrigation Barshaman Pun has requested the World Bank to make an investment in the Upper Arun Hydroelectric Project.
Govt package to revive businesses eludes private sector
Published On: May 20, 2020 11:32 AM NPT By: Republica
KATHMANDU, May 20: The government has been reluctant to come up with a stimulus package as demanded by the private sector leaders to help the economy regain its footing.
Tiger Palace Resort’s parent company Silver Heritage Group fights for survival
Published On: May 19, 2020 10:00 AM NPT By: Republica
KATHMANDU, May 18: Concluding that the company was insolvent or likely to become insolvent, the financially-embattled Silver Heritage Group—the operator of Tiger Palace Resort in Nepal—has decided to appoint a ‘voluntary administrator’ to assess the company’s financial position and rescue it from the financial crisis.
Women entrepreneurs seek govt support to bail their businesses out of COVID-19 crisis
Published On: May 10, 2020 04:26 PM NPT By: Republica
KATHMANDU, May 10: The Federation of Women Entrepreneurs' Association of Nepal (FWEAN) has urged the government to waive the interest of the capital women entrepreneurs have burrowed to start their businesses as they are forced to incur a huge loss due to the nationwide lockdown enforced by the government to contain the spread of coronavirus (COVID-19).
IMF approves US $214 million for Nepal to address COVID-19 pandemic
Published On: May 9, 2020 11:22 AM NPT By: Republica
KATHMANDU, May 9: The executive board of the International Monetary Fund (IMF) approved a disbursement to Nepal under the Rapid Credit Facility (RCF) equivalent to SDR156.9 million (about US$214 million, 100 percent of quota) to help cover urgent balance of payments and fiscal needs stemming from the COVID-19 pandemic.
IBP Survey ranks Nepal 65th in terms of budget transparency, accountability
Published On: May 8, 2020 08:11 PM NPT By: Republica
KATHMANDU, May 8 :Nepal has been placed at the 65th position among 117 countries in terms of budget transparency and accountability, according to the Open Budget Survey (OBS) released on Wednesday. The survey conducted by International Budget Partnership (IBP) shows that Nepal is not publishing enough materials to support informed public debate on the budget.
Opportunity to rebuild economy: Ex-finance ministers
Published On: May 8, 2020 07:30 AM NPT By: Republica
KATHMANDU, May 8: Former prime minister Baburam Bhattarai has said that the COVID-19 pandemic should be taken as an opportunity to rebuild the country's economy.
These 44 types of industries will be allowed to operate from tomorrow
Published On: May 7, 2020 10:07 PM NPT By: Republica
KATHMANDU, May 7: Although the government has extended the ongoing lockdown by ten more days-- until May 18, it has also come up with a plan of easing it by allowing some industries to resume their operation.
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