Provincial governments unveil their annual budget- All seven provinces presented their annual budget for the next fiscal year 2078/79, with major emphasis on health care systems, vaccination drive and infrastructural development. The combined budgets of all provinces stand at NPR 262 billion, which is a smaller than the previous fiscal’s budget of NPR 264.20 billion. The … [Read more...] about News Digest – Economy and Development (June 10 – 16, 2021)
Economy & Development
News Digest: Economy & Development (03 – 09 June, 2021)
NRB brings new regulations for FDI inflow- Nepal Rastra Bank (NRB) has issued the ‘Foreign Investment and Foreign Loan Regulations 2078’, which mandates for no prior approval to attract foreign direct investment (FDI) or remit foreign currency to Nepal after obtaining foreign investment approval from foreign investment sanctioning body. The new regulation also states … [Read more...] about News Digest: Economy & Development (03 – 09 June, 2021)
May Analysis: Economy and Development
Timeline of major events in May. DateEventsMay 04The Ministry of Labour, Employment and Social Security increased the minimum monthly wages of labourers by 11 percent; from NPR 13,450 to NPR 15,000.May 07The Ministry of Industry, Commerce and Supplies held high-level talks with its Indian counterparts to ensure continuous food shipments to enlarge storage facilities and food … [Read more...] about May Analysis: Economy and Development
April Analysis: Economy and Development
Food Security Amidst Second Lockdown As different parts of the country undergo partial and complete lockdown as a precautionary measure to stop the second wave of the COVID-19 pandemic, one cannot help but wonder what threats the new social restrictions and economic stoppage can pose to food, nutrition, and agricultural security across the country. Nepal being a low-income … [Read more...] about April Analysis: Economy and Development
News Digest Economy and Development (May 27-2 June, 2021)
Government presents NPR 1.647 billion budget through an ordinance Finance Minister Bishnu Poudel presented an annual budget of NPR 1.647 billion for the next fiscal year 2078/79, with a growth target of 6.5 percent. With major emphasis diverted towards the facilitating the health sector and recovering the economy, some sectoral allocation as presented in the budget stands … [Read more...] about News Digest Economy and Development (May 27-2 June, 2021)