KATHMANDU, Nov 23: A total of 1,794 people committed suicide in the first three months of the current fiscal year. According to Nepal Police Headquarters, Naxal, this number of suicides occurred from Shrawan (mid-July to mid-August) to Ashwin (mid-September to mid-October) of the current fiscal year.
KATHMANDU, Nov 20: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has solicited suggestions from its members in a bid to help address the present economic crisis facing the country.
COLOMBO, June 1: Cash-strapped Sri Lanka on Thursday sharply cut interest rates for the first time since it last year crashed into its worst economic crisis, with the central bank saying the country was showing signs of recovery.
LONDON, Oct 25: Rishi Sunak became Britain's third prime minister in two months on Tuesday, tasked with tackling a mounting economic crisis, a warring political party and a deeply divided country in one of the greatest challenges to confront any new leader.
COLOMBO, Sept 1: Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a loan of about $2.9 billion, the global lender said on Thursday, as the country seeks a way out its worst economic crisis in decades.
COLOMBO, July 18: Sri Lanka's acting President Ranil Wickremesinghe said on Monday that the country had almost concluded negotiations with the International Monetary Fund (IMF), a day after he declared a state of emergency in the island nation.
COLOMBO, July 15: Sri Lanka's parliament accepted the resignation of President Gotabaya Rajapaksa on Friday after he fled the country, paving the way for lawmakers to start repairing the island's shattered politics and resume efforts to ease its economic crisis.
COLOMBO, Sri Lanka, July 13: The president of Sri Lanka fled the country early Wednesday, days after protesters stormed his home and office and the official residence of his prime minister amid a three-month economic crisis that triggered severe shortages of food and fuel.
KATHMANDU, July 10: The government is preparing to purchase crowd-control weapons and equipment for Nepal Police at the end of the fiscal year. At a time when the country's economy is weak, the police are preparing to buy deadly weapons that are not needed immediately.
COLOMBO, July 9 : Thousands of protesters in Sri Lanka's commercial capital Colombo broke through police barricades and stormed the president's official residence on Saturday in one of the largest antigovernmental marches in the crisis-hit country this year.
COLOMBO, July 9: Police in Sri Lanka's commercial capital Colombo imposed a curfew after firing tear gas and using a water cannon on student protesters on Friday ahead of a planned weekend rally, as public discontent escalates over the worst economic crisis in seven decades.
GENEVA, June 10: Sri Lanka is at risk of tipping into a full-blown humanitarian crisis as the country's economy suffers its biggest shock in decades, the U.N. humanitarian office (OCHA) said on Friday.
COLOMBO, June 4: Sri Lanka is aiming to attract well over $1 billion in foreign direct investment this year, an official said on Friday, as the country wrestles with its worst financial crisis since independence in 1948.
COLOMBO, May 20: Sri Lanka's prime minister has warned of a food shortage as the island nation battles a devastating economic crisis and vowed the government will buy enough fertiliser for the next planting season to boost productivity.
COLOMBO, April 14: Sri Lankans shared milk rice and oil cakes to celebrate their traditional new year on Thursday opposite President Gotabaya Rajapaksa’s office, where they camped out for a sixth day demanding his resignation over the worst economic crisis in memory.
COLOMBO, April 9: Sri Lanka will need about $3 billion in external assistance within the next six months to help restore supplies of essential items, including fuel and medicines, to manage a severe economic crisis, its finance minister told Reuters on Saturday.
COLOMBO, April 9: Sri Lanka's central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of basic goods driven by a devastating economic crisis.
COLOMBO, April 3: Sri Lankan soldiers with assault rifles and police manned checkpoints in Colombo on Sunday as the government blocked social media platforms after imposing a curfew to contain public unrest triggered by the country's economic crisis
KATHMANDU, March 31: Chairman of the Communist Party of Nepal (Maoist Center) Pushpa Kamal Dahal has said that there are problems in the country's economy and discussions are underway among the ruling coalition partners to solve the problems.
KATHMANDU, JUNE 15: After being sent back home from the Maharajgunj-based Tribhuvan University Teaching Hospital (TUTH) about a month ago, 26-year-old Ramraja Thapa has been readmitted to the hospital. Although Ramraja's family had to quarrel enough with the hospital authorities to get him admitted, the anxiety of managing money for his treatment grips them tight.
HONG KONG – There is nothing like a pandemic to expose systemic differences. For China and the United States, which were locked in an ideologically driven competition even before the COVID-19 crisis, those differences are stark. But the two countries have at least one thing in common: when this is all over, they will need to rethink their social contracts.
The coronavirus pandemic has brought everyday life to a grinding halt across the world. Even though it is early to fully comprehend the damages caused by this pandemic both on public health and economic fronts, it is feared that this crisis will be of a never-before-seen magnitude and of a cascading nature—one crisis leading to another pushing the world into economic and humanitarian chaos of biblical proportions.
BEIJING – When he welcomed US President Donald Trump to Beijing’s Forbidden City in 2017, Chinese President Xi Jinping pointed to the character “peace” in the names of all three halls of the great complex, emphasizing the Confucian maxim “Peace is prized above all.”
KATHMANDU, March 29: Despite concerns over the risk of Covid-19 wreaking havoc on the economy, the government has become slow over its responses to come up with measures to tackle the economic fallout of the pandemic.
NEW HAVEN – Predicting the next crisis—financial or economic—is a fool’s game. Yes, every crisis has its hero who correctly warned of what was about to come. And, by definition, the hero was ignored (hence the crisis). But the record of modern forecasting contains a note of caution: those who correctly predict a crisis rarely get it right again.
MOSCOW, Sept 8: Despite being on the verge of an economic crisis, Pakistan’s government has caved to pressure by hardline Islamists to cancel the appointment of a Princeton economist to the Economic Advisory Council.