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.

Fifteen years ago, on February 4, 2004, 19-year old Harvard student Mark Zuckerberg, along with some of his classmates, launched a little website called Facebook.

Too much TV 'can hold back children'

January 29, 2019 14:00 pm

Too much time spent watching TV and playing computer games can hold back the development of young children, new research suggests.

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.

Reconciling security and growth

December 31, 2018 00:30 am

“America First” approach taken by the US will strengthen China’s own hardliners, who will push to emphasize national security over reform

KATHMANDU, Sept 27: Asian Development Bank (ADB) has forecast Nepal's economy to grow by 5.5 percent in Fiscal Year 2018/19.

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.

KATHMANDU, July 19: A senior official of Nepal Rastra Bank (NRB) has said that central bank put economic growth in priority while preparing Monetary Policy for Fiscal Year 2018/19.

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, May 27: Finance Minister Dr Yuba Raj Khatiwada presented the economic survey of the current fiscal year and annual status review of public enterprises in the meeting.

Nepal’s growth path

May 20, 2018 02:00 am

In addition to investment in primary sector, government needs to invest in service and industrial sectors to attain sustainable growth

Illusion of growth

May 15, 2018 00:20 am

Rise in per capita income does not necessarily indicate growth. It does not mean income of each household has increased

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, April 25: The economic growth rate is projected to be 5.89 per cent in the current fiscal year.

KATHMANDU, April 12: Asian Development Bank (ADB) has said that Nepal's economy is anticipated to grow by 4.9 percent in the FY2017/18, down from 6.9 percent of economic growth a year ago.

In an exclusive interview to The Hindu, Mr. Oli says the bitterness of past relations have been put behind them, and India and Nepal must work towards a new, more equal relationship.

KATHMANDU, March 28; Though bank executives say that they have slowed down lending in recent months due to shortage of funds, data suggests otherwise.

KATHMANDU, March 29: Though bank executives say that they have slowed down lending in recent months due to the shortage of funds, data suggests otherwise.

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, March 7: The government on Wednesday revised the economic growth target down to 6 percent for the current fiscal year 2017/18 from the initial target of 7.2 percent.

KATHMANDU, Mar 1: Prime Minister KP Sharma Oli has said the government was working on a plan to hit a double-digit economic growth in the first quarter of the upcoming fiscal year alone.

KATHMANDU, Feb 23 : The US President Donald J. Trump has congratulated KP Sharma Oli on his election as the Prime Minister of Nepal.

LONDON, Feb 21: Britain’s unemployment rate rose unexpectedly for the first time in almost two years in the three months to December, official data showed on Wednesday.

Search for quality growth

February 7, 2018 00:50 am

It will not be easy to realize vision of “people-centered development” that Xi announced. But China is on right track.

KATHMANDU, Jan 21: The International Monetary Fund (IMF) has said that growth is expected to accelerate or remain broadly stable in South Asia except Nepal.

Counselling for Intellectual Growth

January 16, 2018 11:03 am

My City’s Sonam Lama caught up withUdhav Khadka, 41, is the Executive Chairperson at Hub International Education, Bagbazar, to discuss his progressive journey as an education counselor.

WB revises growth to 4.6% for this year

January 11, 2018 04:13 am

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, Jan 8: Wages growth around the world in 2018.

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.

NEXT Growth Conclave motivates start-ups

December 23, 2017 08:50 am

KATHMANDU, Dec 23: Next Venture Crop organized the NEXT Growth Conclave, a business conference at Soaltee Crowne plaza on Friday.

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.

Export growth to China rises, India falls

November 20, 2017 08:28 am

KATHMANDU, Nov 20: Nepal’s export to China has seen a sizable growth in the first three months of Fiscal Year 2017/18, while export growth to India remains slow.

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.

Connected growth

October 16, 2017 00:30 am

The BRI can create a bigger network of markets and new opportunities for ASEAN and South Asia.

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, Sept 27: Asian Development Bank (ADB) has forecast the Nepali economy to grow only by 4.7 percent in Fiscal Year 2017/18.

Cancerous growth

August 24, 2017 02:00 am

Cabinet expansion.

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).

KATHMANDU, August 18: Nepal Electricity Authority (NEA) enjoyed one of the best fiscal years in its history in FY2016/17.

TOKYO, August 14: Japan’s economy gained momentum in the April-June quarter, growing at a hearty 4.0 percent annual pace fueled by stronger consumer spending and corporate capital investment.

ILAM, August 7: Though contract farming is beneficial for both farmers and businessmen, experts say it is not flourishing in the lack of rules, regulations and laws.

MANILA, August 1: The Philippines has registered the fastest-growing HIV/AIDS epidemic in the Asia-Pacific in the past six years with a 140-percent increase in the number of new infections, the health ministry and the United Nations said on Tuesday.

The 2011 census showed a negative growth rate in 27 of the 75 districts of Nepal for the 2001-2011 intercensal period. Previous censuses showed no district with negative growth rate. Of the 27 districts, eight are Mountain and 19 are Hill districts.