KATHMANDU, May 29: The government’s public debt has reached Rs 1.848 trillion as of mid-March this year, with the government relying more and more on borrowing to meet its financial liabilities due to low revenue collection amid soaring expenditure.
KATHMANDU, Feb 20: Cooperatives look forward to raising their reference interest rate to 16.22 percent from the current 14.75 percent per annum, citing a surge in the banks’ interest rates in recent days.
KATHMANDU, Jan 9: The COVID-19 infection rate, which has been rising daily for the last one week, reached 7.1 percent on Saturday. The infection rate was 2.61 percent last week. The infection rate went up by 4 percent in the last five days.
KATHMANDU, Nov 24: Nepal’s trade deficit in the first four months of the current fiscal year widened by 56.83 percent compared to the same period in 2020/21 despite a notable rise in the export earnings during the period.
KATHMANDU, August 25: The remittance flow to Nepal increased by about Rs 100 billion in the last fiscal year 2020/21, compared to the previous year. Although the number of people going for foreign employment decreased due to the COVID pandemic, the inflow of remittance increased.
KATHMANDU, April 13: Nepal’s trade deficit that was on the path of correction mode in the past several months has started to worsen again with escalating imports following a decline in the negative impacts of the COVID-19.
KATHMANDU, May 27: Banking institutions that are facing shortage of lendable fund are now feeling a sigh of relief with the recent rise of stock of deposits as the government expedites development expenditures at the end of the fiscal year.
ITAHARI, May 21: With the identification of nine additional wild buffaloes in Koshi Tappu Wildlife Reserve (KTWR), the number of wild buffaloes in Koshi Tappu Wildlife Reserve has increased to 441, a slight increase compared to the last census held two years ago.
KATHMANDU, Feb 11: With the arrival of Valentine's Day and the celebrations that urban youths start a week prior to this day, the sale of rose has increased drastically in the Kathmandu Valley, according to traders.
CHITWAN, August 30: Milk production in Chitwan has increased by over 10,000 metric tonnes in the past five years, said the District Livestock Service Office (DLO). The increment is 4,414 metric tonnes in the last fiscal year alone, said DLO Chief Dr Dilliram Sedain.
CHITWAN, August 23: A recent study has shown a significant increase in the number of Bengal tigers in Parsa National Park (PNP). Parsa Wildlife Reserve, which was established in 1984, got the status of a national park in April 2017.
BIRGUNJ, Aug 12: The import of tobacco via Birgunj border has increased by 68 percent in Fiscal Year 2016/17, in comparison with the previous fiscal year. According to the Birgunj Custom Office, 7, 803 tons of tobacco entered via Birgunj border in FY2016/17 while only 1,128 tons had entered in FY2015/16.
CHITWAN, August 5: Re-polling at Ward-19 of Bharatpur Metropolitan City has proved to be fruitful for the ruling alliance. All the candidates representing Nepali Congress have emerged victorious in the re-election that was held at Ward-19 on Friday. It has increased the possibility of the CPN(Maoist Center) mayoral candidate Renu Dahal emerging victorious in the race for the mayor of Bharatpur Metropolitan City.
KHOTANG, April 18: The parties in Khotang district have been facing difficulty finalizing the list of their candidates for the local polls slated for May 14 following unprecedented surge in the number of candidate aspirants.
KATHMANDU, April 10: Foreign investment has surged four folds in the eight months of the current fiscal year. The Current Economic Situation Report released by Nepal Rastra Bank today states that Rs 8.35 billion foreign direct investment flowed into the country during this period.
KATHMANDU, Feb 27: South Korea has increased quota for Nepali migrant workers for 2018. Korea, which is taking 3,100 Nepali migrant works through Employment Permit System (EPS) in 2017, has decided to increase the number by three times in 2018.
KATHMANDU, Dec 22: Having suffered a gradual fall in the recent past days, the Nepal Stock Exchange index on Thursday witnessed a slight improvement with the index increasing by 4.78 points to close at 1475.41 points.
KATHMANDU, Aug 8: State-owned telecommunication service provider Nepal Telecom (NT) is slowly losing any remaining brand loyalty it may have commanded in the market following the telco’s failure to assure proper services.