In the wake of its transformation into a federal republic, Nepal has encountered challenges in realizing immediate economic benefits. However, the Regional Human Development Report 2024 launched by the United Nations Development Programme (UNDP) recently highlights Nepal's laudable achievements in curbing income inequality and fostering resilience within its communities.

KATHMANDU, Dec 19: Nepal Airlines Corporation (NAC) has reported an annual income of Rs 22.24 billion in the fiscal year (FY) 2022/23.

SURKHET, Nov 30: The Karnali Province government is to organize an investment summit within the current fiscal year.

The prisoners of Tanahu District Prison are hardly getting the time to celebrate the festival because of their busy schedule in making muda stools. Through the income they make from selling mudas, the prisoners are sending money to their families. Out of 100 inmates, 44 of them are already involved in it.

KATHMANDU, June 27: At least 149 local units have failed to unveil their annual budget within the deadline set by the Local Government Operation Act, according to the Ministry of Federal Affairs and General Administration (MoFAGA).

KATHMANDU, Nov 2: Nepal can achieve growth rates of at least 7 to 8 percent that is imperative to become a middle income country by 2030 only if it shifts its remittance-led and consumption-based growth to one that is investment and productivity driven, according to the World Bank Group.

KATHMANDU, July 25: Income tax collection saw a shortfall of 7.33 percent against the target of Rs 149 billion in the last Fiscal Year 2017/18. The revenue collection stood at only Rs 140 billion that had witnessed a whopping growth of 18 percent in the previous Fiscal Year 2016/17.

SURKHET, June 10: While publicizing the development policies and programs for the upcoming fiscal year, Karnali Province on Saturday announced to increase the per capita income of its residents to US $2,100.

POKHARA, June 8: Province 4 has set its target of increasing the per capita income of its denizens to US$ 2500. This would result in the reduction of number of people living below poverty line from 14.2 % to 7 %.

Kathmandu: Citizens Bank International Ltd was established in the year 2007 as the 20th commercial bank of Nepal. The bank's ownership structure indicates 51.29 percent promoters and 48.71 percent public shareholding.

KATHMANDU, May 22: No Nepali youths will be flying abroad for employment by 2023 and the average earnings of Nepalis will have doubled by that year, according to the government’s policy and programs for  next fiscal year announced on Monday. This means the country will have to increase the number of jobs a minimum of  nine-fold from what it is today to retain the youths within the country, according to an analysis of the targets .

KATHMANDU, May 22: No Nepali youths will be flying abroad for employment by 2023 and the average earnings of Nepalis will have doubled by that year, according to the government’s policy and programs for  next fiscal year announced on Monday. This means the country will have to increase the number of jobs a minimum of  nine-fold from what it is today to retain the youths within the country, according to an analysis of the targets.

KATHMANDU, May 5: Public transport operators have invested over a trillion rupees [Rs 1,000 billion] in the industry but they have not been paying any taxes on their profits, according to government officials. All the public transport operators including bus operators and truckers in the country are registered with one or another "transport enterpreneurs committees", which operate as non-profit organizations.

KATHMANDU, April 16: The management of offerings made to temples is not transparent and records of their incomes and expenditures are not maintained properly, much like in other public offices in the country that are not playing it by the book, say government auditors.

KATHMANDU, Jan 9: A person living in Province 3 earns more than roughly twice as much as someone in Province 6 or 7, according to an analysis of government data on per capita income done by Republica.

KATHMANDU, Jan 6: President Bidhya Devi Bhandari has said that generating more hydropower is key to increasing income of people and enhancing industrialization in the country.

JUMLA, Dec 29: Herbs have been recognized as the fundamentals of economic development in Karnali. All five districts of this zone are rich in natural resources and herbs. As collecting and selling of herbs fetch good income, more and more people are attracted toward this occupation in the recent days.

JANAKPUR, Dec27: The locals of Churefed in Dhanusha have discovered a new source of income from the sale of handicrafts made of bamboo. The Local Development Trust trained as many as 157 people from eight local communities for the same.

JUMLA, Dec 27: Herbs have been recognized as the fundamentals of economic development in Karnali. All five districts of this zone are rich in natural resources and herbs.

The best strategy is to move gradually, first implementing the program only in the most deprived regions.

KATHMANDU, Oct 23: Each Nepali spends 13 percent of their average daily income on a plate of food, the second highest among the countries surveyed in South Asia, according to a recent World Food Programme (WFP) report entitled Counting the Beans: The True Cost of a Plate of Food Around the World. The average annual income of a Nepali is US$ 682 or Rs 88,786.

MYAGDI, Oct 18: Two community schools of Myagdi have jointly invested in Yak husbandry as an income source.  These schools have been rearing Yaks in Annapurna Rural Municipality-5, Khayar Baraha.

KATHMANDU, August 6: The investment made by the Government of Nepal to help farmers adapt to climate change is having positive impact on the income level of the farmers, reveals new study reports.

KHOTANG, June 1: The demand for ironic objects such as knife, scythe, shovel etc. has increased in Khotang district. Those involved in producing these objects as well as those who sell them at retail price are making good money.

KATHMANDU, May 29: Nepal's economy has bounced back after two bad years punctuated  by earthquake and the Indian blockade. Tabling the economic survey report in  parliament on Sunday, Finance Minister Krishna Bahadur Mahara said that the  economy, which contracted because of the earthquake and supply disruption in the boarder areas, has now fully rebounded.  The survey is  based on data for the first eight months  of the current fiscal year.

KATHMANDU, May 1: Naya Shakti Nepal, the political party led by former Prime Minister Baburam Bhattarai, unveiled its election manifesto for the upcoming local elections with highly ambitious plans including increasing the per capita income to $15,000 in next 25 years.

KATHMANDU, Jan 16: Prime Minister Pushpa Kamal Dahal has said that the government will provide income taxi waiver for poultry entrepreneurs.