KATHMANDU, Aug 3: Though economists are positive about gradual shift of imports through Vishakapatnam from Kolkata, they recommend bringing Electronic Cargo Tracking System (ECTS) into the legal framework, stating that it will end the monopoly of shipping companies.
The present economic model of Nepal has a number of interesting structural characteristics. First, it focuses on imports. The government gets most of its revenue from import which is the basis for financing public expenditure, mostly regular expenditure necessary for the functioning of the state. In an import-based revenue structure, there is an embedded incentive to maintain luxury imports.
KATHMANDU, Feb 15: The balance of payment (BoP) position of the country continued to slip in the deficit in the first six months of Fiscal Year 2018/19, indicating that the external sector position of the country is worsening.
JAPAN, Sept 3: Japan's major oil companies are preparing to halt all of the crude oil imports from Iran in October due to fears Washington will sanction countries importing Iranian crude, AFP reported Monday, citing Jiji Press agency.
WASHINGTON DC, Aug 1:The Trump administration is considering more than doubling its planned tariffs on $200 billion in Chinese imports, ratcheting up pressure on Beijing to return to the negotiating table, three people familiar with the internal deliberations said.
BEIJING, July 24: China’s Commerce Ministry launched an anti-dumping investigation on Monday into stainless steel imports from four countries. Domestic producers have complained that a flood of cheaper products has damaged the local industry.
BIRGUNJ, July 20: The number of containers coming to Sirsiya Dry Port in Birgunj from third countries via Indian ports increased by nearly 25 percent in Fiscal Year 2017/18. This suggests a healthy growth in the country's third-country imports via the dry port.
BIRGUNJ, May 19: Sirsiya dry port located in Birgunj is struggling to handle the increasing import of fertilizer, livestock feed, maize, beans, raw materials for iron products and container cargo from third countries.
KATHMANDU, May 7: Minister for Agricultural, Land Management and Cooperatives, Chakra Pani Khanal, has said that making the country self-sufficient in most of the agricultural products will be the main agenda during his five-year term.
MOSCOW, April 13: Russia’s lower house of parliament is to consider draft legislation that would give the Kremlin powers to ban or restrict a list of U.S. imports, reacting to new U.S. sanctions on a group of Russian tycoons and officials.
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.
BIRGUNJ, Jan 27: Along with increase in import of vehicles set to hit the road as public vehicles, the import of small vehicles such as three-wheeler auto-rickshaws has also increased. The first half of the Fiscal Year 2017/18 saw import of more than 5,000 auto-rickshaws, which is nearly twice the volume of import compared to FY2016/17.
KATHMANDU, Dec 4: At a time when the Ministry of Commerce has proposed to discourage import of nine products, mostly luxury goods, to narrow down widening trade deficit, economists have suggested that the government move ahead wisely to get expected result rather than just making it an act of market intervention.
KATHMANDU, Nov 14: The government has repeatedly announced, since Fiscal Year 2012/13, that it would help to increase pashmina wool production in Nepal by giving special emphasis to improve conditions for chyangra (mountain goat) farming in Nepal.
KATHMANDU, Oct, 8: Nepal is gradually becoming self-sufficient in flowers.
According to Dilip Bade, senior vice president of Floriculture Association of Nepal (FAN), import of flowers is falling in recent years, thanks to rising in flower production.
KATHMANDU, Aug 21: The gap between import and export figures is widening with each fiscal year even though import substitution is stated as a priority program in every fiscal policy and periodic plan of the government.
KATHMANDU, Aug 13: Nepal Electricity Authority is producing electricity below the capacity of the power plants because of lowered demand or halted supply in the urban centers of the eastern and central regions of the country.
BIRGUNJ, Dec 12: Call it a premeditated move of sheer coincidence. With politics swirling around the border, imports and exports through Birgunj -- the key trading point for Nepal -- have again been disrupted.
KATHMANDU, Oct 29: The import of cooking oil during festive season is increasing by passing year. Each year Nepal imports cooking oil worth more than Rs 21 billion. Nepal imports different kinds of soya bean, sunflower, olive, palm, coconut, mustard oil during festive season from various countries of the world.
KATHMANDU, Sept 28: Though the government has set a target of becoming self-sufficient in cement and its raw materials, the import of clinker - a key raw material - is increasing with each passing year.