KATHMANDU, July 20: Nepal’s commercial banks earned hefty profits of over Rs 67.23 billion in the first 11 months of the last fiscal year despite a slump in the country’s economic activities.

KATHMANDU, May 13: Finance Minister Dr Prakash Saran Mahat said that the current youth population will expand the country's economic activities.

Coronavirus pandemic is crushing lives around the world. And with countries imposing lockdowns urging citizens to stay home and halting non-essential businesses and industries in order to contain the spread of COVID-19, the electricity utilities, in particular, are increasingly finding themselves in a difficult situation across the globe. The reason is a simple cause and effect. With businesses and industries closed, economic activities contracted thus causing a drastic drop in the energy demand as an obvious effect hitting their revenue streams. Nepal’s electricity industry that has lately seen signs of positive momentum is no exception to this impact.