KATHMANDU, Aug 11: India has started importing tomatoes from Nepal. Indian Finance Minister Nirmala Sitharanam made an announcement in the lower house of India’s bicameral parliament (Lok Sabha) on Thursday that they have started bringing tomatoes from Nepal.
JHAPA, July 26: As the youths are leaving abroad for foreign jobs and the land plots in the rural areas are left barren, the country has imported millet worth Rs 513 million in the last Fiscal Year (FY) from India.
KATHMANDU, July 1: Nepal imported rice and paddy worth over Rs 33.6 billion in the first 11 months of the current fiscal year despite the government’s commitment to become self-sufficient in food by increasing agricultural production.
The import of electric vehicles (EVs) in Nepal has witnessed a remarkable surge in the first 11 months of the current fiscal year. With 3,870 EVs worth Rs 11.23 billion being imported, it is evident that there is a growing interest and demand for clean and sustainable transportation options in the country. It is imperative for the government to take further steps to promote the adoption of electric vehicles nationwide, capitalizing upon this positive trend
The National Dairy Development Board's decision to recommend importing milk from India has sparked protests among farmers in Chitwan, who feel that the government has neglected their needs. It is essential that the government takes note of the farmers' concerns and promotes domestic production.
Nepali honey is an exquisite product that possesses unparalleled taste and health benefits. However, unfortunately, it struggles to find a market due to the easy import of substandard honey from India, which is a threat to the livelihoods of local farmers and the quality of products available to consumers.
KATHMANDU, April 2: Hemraj Devkota, owner of Swadeshi Honey and Bee Trade Center in Sarlahi, is worried due to the lack of honey sales. Six and a half tons of honey produced by Devkota at his bee farm has not been sold.
KATHMANDU, March 25: Nepal Rastra Bank (NRB) has increased the quantity of silver imports. As the foreign exchange reserves have increased, the central bank has allowed banks and financial institutions to import silver equivalent to $ 60,000 at a time.
KATHMANDU, March 24: In the first eight months of the current fiscal year, 2,200 units of electric vehicles (EVs) have been imported into Nepal. According to the data released by the Customs Department, 2,198 four-wheeled electric vehicles were imported in eight months of the current year.
KATHMANDU, March 23: During the first eight months of the current Fiscal Year 2022/23, Nepal has imported goods worth one trillion rupees. According to the data of the Department of Customs, goods worth over 1 billion were exported, while the country imported goods worth Rs 1.38 trillion during the period.
KATHMANDU, March 12: Both export and import have decreased in the first seven months of the current fiscal year 2022/23. This is stated in the Current Macroeconomic and Financial Situation, based on seven months' data ending mid-February, released by Nepal Rastra Bank (NRB) today.
Valentine's Day is just around the corner, and it's that time of the year when love is in the air and red roses are in high demand in Nepal. But this year, there's a twist in the tale. The government has decided to ban the import of fresh roses from abroad, just days before the most romantic day of the year.
As agriculture has not been able to attract the youth even in the rural areas, the farmlands in various districts in the country are left fallow. And we have been consuming agricultural products by importing them from abroad. We have been importing almost everything we consume including rice, corn, wheat, potatoes, edible oil, spices etc.
KATHMANDU, Nov 6: With the removal of 10 percent excise duty on 100 kW electric vehicles in the budget of the current financial year, the import of 100 kW vehicles has increased dramatically in a period of three months.
KATHMANDU, Oct 11: Traders and business people have claimed that the automobile sector is in crisis as the government has halted the import of four-wheeled private vehicles for about six months. According to NADA Automobiles Association of Nepal, the automobile sector has lost billions of rupees due to the ban on the import of vehicles.
KATHMANDU, August 27: Ministry of Industry, Commerce and Supplies (MoICS) will continue to ban the import of luxury goods. A high-level meeting held at the MoICS on Friday to review the ban of various luxury items decided to maintain the import ban for some more time.
KATHMANDU, Aug 20: Bhutan will ban the import of all vehicles except utility vehicles, heavy earthmoving machines and agriculture machinery to save dwindling foreign exchange reserves, the government said in a notice seen by Reuters on Friday.
ILAM, August 16: China has indicated that it will import Nepali tea at a time when efforts are being made to enact a law to stop its import in India. The Government of Nepal, through the Chinese Embassy in Kathmandu, had been requesting China to import Nepali tea.
KATHMANDU, August 12: The import of electric vehicles increased by more than 600 percent after the government reduced the excise duty and customs duty on electric vehicles in the last fiscal year - 2021/22. In the FY 2020/21, after the former Finance Minister Yuba Raj Khatiwada imposed excessive tax on electric vehicles, the import of electric vehicles had decreased.
KATHMANDU, August 4: Following the government’s decision to restrict the selling of wood products produced from forests, the import of furniture and wood has skyrocketed in the country. While there is a shortage of dollar reserves in the country, about Rs 18 billion went out of the country in the fiscal year 2021/22 alone due to the increase in the import of wood, furniture, and furnishing materials. On the other hand, wood materials produced from the forests of Nepal are decaying.
JHAPA, July 5: The import of agricultural products has exceeded the export from the Kakarbhitta Customs Office. In the last 11 months of the current fiscal year, agricultural products worth Rs 8.67 billion were imported from this customs office.
KATHMANDU, July 1: Government statistics for the last one decade indicate the country's rising dependency on rice. In fiscal year 2012-13, rice worth Rs 20 billion was imported in the country and the figure rose by 150 percent to Rs 50 billion in the first eleven months of the current fiscal.
We are not sacrosanct to global events and sustain some forms of impact because Nepal heavily depends on imports of basic food items. It is difficult to foresee how Nepal will navigate through this at the end of the economic tunnel of the projected high growth and join the club with other middle-income countries like China, Bangladesh and Vietnam, for example.
KATHMANDU, May 20: The Ministry of Finance (MoF) has started sorting out the list of raw materials, semi- finished and final goods in a particular type of product in order to revise the import duty based on the nature of the imported goods.
KATHMANDU, April 25: Although agriculture has been a major sector of the country's economy as the main source of livelihood, employment and economic and social transformation, it has been found that the country has been importing huge quantities of agricultural goods.