KATHMANDU, March 9: The announcement by the government to check inflation rate at six percent is likely to prove hollow as the Nepali currency has been on a free fall against the US dollar for the past few days.
We were expecting two million tourists to visit Nepal this year but it looks like we might not reach the target due to the outbreak of coronavirus in China and various other countries. Even before the Visit Nepal Year 2020 campaign was officially launched, tourism entrepreneurs had serious doubts about attracting two million tourists due to inadequate tourism infrastructure in our country.
First of all, let us take a sip of our doodh chiyas and give a round of applause to Gokul dai for resigning from office. Our former (mis)information mantri can now start writing a weekly column for one of our newspapers since he will have a lot of free time. Gokul dai is not the first mantri to ask for commission from big shady deals. He would have given some of it to his mother party, some to his spouse, some to his near and dear ones and they would all have had some fun with the free illegal money.
KATHMANDU, Feb 17: Though the government had set a target to keep the consumer price rise below 6 percent, the average inflation has reached 6.41 percent in the first six months of the current fiscal year 2019/20.
It need not be emphasized how inflation affects the general people. Prices of daily goods go up way too high. People lose purchasing capacity. And when the people cannot purchase goods, production falls and ultimately whole of the economy suffers badly and at times irrevocably. Nepal at the moment stands poised to face crippling inflation if recent data is anything to go by.
JOHANNESBURG, July 15: Zimbabwe’s annual inflation almost doubled to a new 10-year high of 175.66% in June, official data showed on Monday, after a sharp rise in prices of basic goods and depreciation of the local currency.
KATHMANDU, Dec 25: Inflation, as measured through the consumer price index (CPI), went up to 4.2 percent in the fourth month of the current fiscal year 2018/19 compared to 3.9 percent in the corresponding period of a year earlier.
The KP Oli government gave a good impression by taking a number of bold steps toward bringing about some much-needed reforms in the country. Initial steps to end transport syndicate was one of such acts. PM Oli was appreciated from all sides.
VENEZUELA, Sept 18: As Venezuelans live with an unprecedented and recurring shortage of food and medicines, suffering through an economic crisis characterized by the highest inflation in the world and the lowest wages in the region, President Nicolas Maduro continues to send millions of barrels of subsidized crude oil to Cuba.
Sept 16: The U.S. Dollar was pressured most of the week by a pair of weaker-than-expected inflation reports and the news that the U.S. had extended an invitation to China to renew trade talks. However, it was able to recover some of its losses on Friday on the back of upbeat U.S. economic data, higher Treasury yields and reports that Trump administration was getting ready to impose new tariffs.
KATHMANDU, Aug 21: Annual average inflation fell to 4.5 percent in the last Fiscal Year 2016/17.
According to the Nepal Rastra Bank (NRB), the pace of price rise nearly halved in the last fiscal year from a near double-digit level in 2015/16.
KATHMANDU, July 18: Inflation plunged to 2.8 percent in the eleventh month of the last fiscal year 2016/17 compared to 11.1 percent of price rise in the same period of the previous fiscal year 2015/16.
KATHMANDU, June 8: While Nepal Rastra Bank (NRB) has aimed to contain annual average inflation below 7.5 percent in the current fiscal year, prices rose at an average of 5 percent in the three quarters of the current fiscal year.
KATHMANDU, Dec 16: Following a ‘spiralling rise in prices’ in the last fiscal year due to prolonged tarai unrest and unofficial economic blockade in the last fiscal year, the inflation has come down to 4.8 percent in the mid-November this year.
KATHMANDU, Dec 10: People losing on value for the last three years in real terms have now something to cheer as banks and financial institutions (BFIs) are now wooing them with as high as 9 percent interest rates on various fixed deposit schemes.
BIRATNAGAR, Sept 24: While Indu Aryal, a housewife, was preparing shopping list for the upcoming Dashain festival, her daughter dropped in room and added few things to the list. Her demands included new dress, a pair of sandal and sunglasses.
DANG, Sept 12: When women in her village were busy celebrating Teej festival, 17-year-old Goma Oli, a local of Rajpur, wore a gloomy look. There was no celebratory mood in her poverty-stricken family. And being one among the seven sisters made things even more difficult for her.
KATHMANDU, July 16: Runaway inflation, which was beginning to recede in the previous months after reaching to one of the highest levels, again touched the double-digit level in the eleventh month of the current fiscal year.
KATHMANDU, June 17: Despite government's claims of having cracked its whip at price rises, the country's inflation is hovering at double digits.
According to the central bank's macroeconomic update, for the 10th month of the current fiscal year, consumer price inflation stood at 10 percent.