FUKUOKA, June 8: Finance chiefs of the Group of 20 major economies meeting in the Japanese city of Fukuoka debated Saturday over how to revise tax systems to ensure big companies pay their fair share and support economies as global growth slows.
KATHMANDU, May 25: Like his predecessors, Minister for Finance Yuba Raj Khatiwada said he had focused on ‘growth of real sector including manufacturing’ and ‘high priority on production’ when he unveiled the budget for the current fiscal year in May last year.
LONDON, March 3: British businesses reported their weakest growth in nearly six years during the past three months due to fears of a no-deal Brexit and rising global trade barriers, the Confederation of British Industry said on Sunday.
LONDON, Jan 27: Developing countries swapping paper documents for digital identification systems could see their economies grow up to 13 percent by 2030, researchers said in the first study to assess the technology's economic value.
KATHMANDU, July 29: The Ministry of Agriculture Development has said that to achieve the target of doubling agricultural produce in five years, which the government has stated in its annual budget for the Fiscal Year 2018/19, a growth rate of 15 percent has to be achieved on every agricultural product.
RUPANDEHI, July 15: Nepali entrepreneurs have been increasingly interested toward investing into hotels in Rupandehi district in view of the under-construction Gautam Buddha International Airport (GBIA) at Bhairahawa.
KATHMANDU, May 31: The government is anticipating a massive industrial and agricultural expansion this year as it has set growth target for these sectors at 12 percent and 4.5 percent, respectively, in Fiscal Year 2018/19.
KATHMANDU, April 26: Gross Value Added (GVA) by hotel and restaurant sector has increased significantly over the past one and half decades, the National Accounts Statistics of Nepal (2017/18 Annual Estimates) shows.
KATHMANDU, March 21: There has been a steep rise in import of construction materials and industrial raw materials over the past two years. This indicates the construction and man ufacturing sector of the nation has at least been vibrant. A report published by Nepal Rastra Bank (NRB) suggests that the import of these materials has increased by more than double in the past two years.
KATHMANDU, March 8: The government has revised down the economic growth forecast to 6 percent for the current fiscal year 2017/18 from the previous economic growth target of 7.2 percent. Releasing the mid-term review report of the budget for the current fiscal year, the Ministry of Finance lowered the growth forecast by 1.2 percentage points to 6 percent for the current fiscal year.
KATHMANDU Jan 11: The World Bank Group has revised down the growth forecast for Nepal by nearly one percentage point to 4.6 percent for the current fiscal year 2017/18. Launching the global economic prospects on Wednesday, the Washington-based organization revised down its own economic growth forecast in June last year by 0.9 percentage point.
KATHMANDU, Dec 28: Slow deposit growth has not restrained banks from ramping up their loan disbursements, indicating that lendable funds in the banking industry will soon dry up if the situation does not reverse.
KATHMANDU, Nov 22: Remittance growth is on a decline for the past few months, raising concerns that slow growth of money sent by migrant workers abroad could build pressure on the country's external sector stability.
KATHMANDU, Nov 3: The Left Alliance has published its election manifesto today. The manifesto highlights the role of Communists in Nepal’s politics and development and explains how the newly formed alliance would lead the country towards economic prosperity, stability and development. The manifesto promises to uplift Nepal into the list of developing countries within five years, end social impunity, increase economic growth, develop industries, develop food security and social protection, and revise international policies that are against the country’s interest.
Tao Zhang, deputy managing director of the International Monetary Fund (IMF), is visiting Nepal this week on the invitation of Nepali authorities. The visit of the senior IMF official comes in the wake of a forecast that Nepal's economy will grow at a moderate pace after achieving 7.5 percent of real GDP growth rate in the last fiscal year.
KATHMANDU, Oct 27: Commercial banks pursued aggressive lending policy in the first quarter of Fiscal Year 2017/18 even though their deposit growth in the period remained tepid, data compiled by Nepal Bankers Association (NBA) shows.
KATHMANDU, Oct 11: Following the World Bank and the Asian Development Bank, the International Monetary Fund (IMF) has also lowered the economic growth forecast for Nepal for the current Fiscal Year 2017/18.
KATHMANDU, Oct 10: Finance Secretary Shanta Raj Sebedi has said that the growth target of 7.2 percent in this fiscal year is achievable, although the development partners have lowered the growth projection below 5 percent.
KATHMANDU, Oct 8: After leading global growth for two years, the countries of South Asia have fallen to the second place after East Asia and the Pacific region, according to the World Bank.
The region’s slowdown is due to both temporary shocks and longer-term challenges, the World Bank said.
KATHMANDU, August 22: The recent incessant monsoon rains, which triggered massive floods in tarai and landslides in other parts of the country, have added an element of uncertainty to the growth outlook for Fiscal Year 2017/18, according to Nepal Rastra Bank (NRB).