Challenges facing the new FinMin

December 27, 2022 08:45 am

KATHMANDU, Dec 27: CPN-UML Vice-chairman Bishnu Prasad Poudel, who enjoys a merry time after being appointed as the finance minister for a third time, will have an uphill battle to lift the Nepali economy, which faces a number of challenges at present.

The year 2021 was definitely not as bleak as the previous year in terms of freeing the economy from the claws of the COVID-19 pandemic. Economic activities gathered pace as the spread of the coronavirus slowed down gradually. Signs are positive but the economy could fall into a crisis if corrective measures are not implemented on time

KATHMANDU, Nov 25: The import of foreign goods has decreased while export has increased in the first four months of the current fiscal year 2077/78 BS.

KATHMANDU, Aug 26: Import of rice more than doubled in the first month of the current fiscal year, despite the government's repeated commitment to make the country self-reliant in a number of agricultural products, including the staple food.

It is apparent that the Year 2020 started its resolution by “Paralyzing the World’s Economy” and pushed countries around the world to fight an invisible enemy – The COVID-19. As per the International Monetary Fund, the Global Economy is expected bear witness to a negative growth on the GDP by 3% whereas advanced economies are expected to be badly hit by 6.1% in 2020, and emerging market / developing economies are expected be the least impacted at -1%.

KATHMANDU, June 2: The government claims to have facilitated domestic agricultural production to increase employment opportunities, but the budget allocation for the sector might not help meet the government targets, say agricultural analysts.

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.

Is the 8.5 pc growth target achievable?

February 23, 2020 08:39 am

KATHMANDU, Feb 23: Upbeat with the economic growth rate in the last three years which remained higher than an average of more than six per cent, the government has set its sight on a growth rate of 8.5 per cent in the current fiscal year 2019/20.

KATHMANDU, Feb 4: Stock opened trading on a firm note on Monday with Nepal Stock Exchange (Nepse) index adding roughly 9 points in the morning session. However, dragged by some selling pressure, the benchmark index turned red quickly. Subsequently, the index recouped its losses and wavered along the opening level for most of the remaining trading session. At the close, Nepse notched a 2.49 point gain to settle at 1,349.13 points.

KATHMANDU, Jan 1: The year 2019 was a mixed bag for the country's economy. There were some bright spots in the economy, notably the robust growth momentum. However, some problems continued to plague the economy. The year also offered a hope for the New Year 2020 as the progress in at least three national pride projects indicates that they are nearing completion. As the New Year approaches, Republica has compiled five positive and five worrying signs of the economy.

KATHMANDU, Sept 5: Though the Nepali economy has been growing in the last three fiscal years at a pace higher than the average growth rate of the last decade, some of the macroeconomic indicators, particularly related to the external sector, are worsening.