The coronavirus COVID -19 pandemic is the defining global health crisis of our time. Cases are rising daily in Africa, the Americas, and Europe. It also has the potential to create devastating social, economic, and political crises that will leave deep scars around the world. Nepal is starting to suffer the most abrupt and widespread cessation of economic activity. The impact has already started and will only worsen in the coming days.
The human dimensions of the COVID-19 pandemic reach far beyond the critical health response. All aspects of our future—economic, social and developmental—will be affected. Our response must be urgent, coordinated and on a global scale, and should immediately deliver help to those most in need.
The rising economic clout of China and India as the next door neighbors could be a blessing for socio-economic transformation of Nepal if Nepal can maintain a balanced foreign policy and constructive engagement. One of the major challenges faced in overall socio-economic development of the country is the modernization and expansion of physical infrastructures like energy, transport and border facilities which requires huge amount of financial resources and technologies suited to the fragile ecosystem and rugged terrain of the young mountains.
BEIRUT – A new wave of revolts is shaking the Arab world, with Lebanon and Iraq now joining Sudan and Algeria. Recent mass protests in each country have mobilized millions of people from all walks of life, all of whom are angry over the deterioration of economic conditions, which is seen as being exacerbated by mismanagement and poor governance.
KATHMANDU, Sept 18: The meeting of the National Assembly (NA) on Wednesday unanimously passed three bills- 'Safeguards, Anti-dumping and Countervailing Bill-2075, 'Industrial Enterprises Bill-2075' and 'Economic Procedure and Financial Accountability Bill-2075'.
KATHMANDU, March 6: If the proverb ‘morning shows the day’ is anything to go by, Nepal’s economic performance will remain average over next four years as there was no sign of improvement in key economic indicators over the first year of the incumbent government.
KATHMANDU, March 1: Small Farmers’ Summit 2019 kicked off in Kathmandu on Thursday, putting a spotlight on the contribution of small farmers in economic development and poverty alleviation of the country.
KATHMANDU, Feb 9: Revising its ‘blanket’ reservations policy, the government has come up with new provisions granting reservation privileges on the basis of economic and social status to candidates belonging to various marginalized communities.
KATHMANDU, Jan 24: Nepal Entrepreneurship Summit 2019 will be held on February 14 in Kathmandu. Organizing a press meet, Confederation of Nepalese Industries (CNI), jointly with Bishal Media Group (BMG), announced that the event with the theme of “Federal Nepal: Opportunities for Investment and Growth” will aim to improve the entrepreneurship landscape in the country. The event is supported by Ministry of Finance and Ministry of Industry, Commerce, and Supplies.
KATHMANDU, June 15: Province 3 has the highest per capita income with people here earning an average US$ 1,534 annually while Province 7 has the lowest per capita income of $660, shows a recent statistics prepared by Nepal Rastra Bank (NRB).
KATHMANDU May 10: Krishna Bahadur Mahara, the speaker of House of Representative, has said that he will draw the attention of the government toward the need to bring necessary revision in existing laws and policies to usher in economic prosperity.
Sunsari Chamber of Commerce and Industry, Dharan is organizing a skill development training for locals of Dharan. Women Entrepreneur Management is managing the training session that began on April 7. As many as 30 people—24 women and six men—are taking the skill development training. They are creating different handicraft items made of bamboo such as pen holder, photo frame, wall clock, make-up box, fan, tray among others.
I woke up early in the morning and saw our honorable Prime Minister KP Sharma Oli addressing a business meeting in India. He talked about the investment prospects and also mentioned that Nepal was a virgin land for any kind of investment. Such inspiring speech may give goose bumps to the Nepali people. But, the ground reality is that we are not yet strong enough and competent, which makes us incompetent in terms of attracting foreign investments. Economic development by modern practices is the necessity our times.
KATHMANDU, April 10: The Nepali Congress (NC) has taken strong exception to the white paper unveiled by Finance Minister Yuba Raj Khatiwada, arguing that the document offers an incomplete and distorted picture of the country's economic situation.
KATHMANDU, April 7: President of India, Ram Nath Kovind said that India was willing to expand cooperation that was in line with Nepal’s priorities to ensure stability and economic prosperity in the Himalayan nation.
KATHMANDU, April 7: Prime Minister KP Sharma Oli was conferred the guard of honor at the Presidential house in New Delhi, India. Upon receiving the guard of honor, the prime minister shared that “friendship was most important and there would be no compromises with friends.”
KATHMANDU, April 3: With the aim to support the Central Bureau of Statistics (CBS) to carry out the first-ever National Economic Census scheduled for next month, Japan International Cooperation Agency (JICA) has provided necessary logistics worth Rs 95.1 million to the CBS.
BIRATNAGAR, April 1: The Central Bureau of Statistics in collaboration with the district statistics offices (DSO) has started economic census in all 77 districts of the country for the first time with an aim of studying the actual economic status of the nation.
KATHMANDU, Mar 7: Minister for Finance, Yubaraj Khatiwada, is planning to issue white paper to make public the current economic position of the country and the measures that the government plan to take to deal with the ongoing economic and financial challenges.