The month of March recorded some major economic and development activities that the government had planned in its fiscal. The biggest achievement for the nation was noticed in its growing digital transaction wherein the country recorded e-payments worth Nrs. 349 million in a month’s period. Similarly, as a relief to the ongoing liquidity crisis, banks and financial institutions … [Read more...] about March Analysis: Economy and Development
Context Prime Minister Sher Bahadur Deuba on 01 April 2022 embarked on a three-day official visit to India after taking over the premiership from KP Sharma Oli back in July of 2021. His entourage consisted of Dr. Narayan Khadka (Minister of Foreign Affairs), Ms. Pampha Bhusal (Minister of Energy and Water Resources), Mr. Birodh Khatiwada (Minister for Health and Population) … [Read more...] about Common Vision: Nepal and India’s new agreement.
In terms of Economy and Development, this review period saw the Nepali economy record a 64 months high price rate for daily consumption goods, making it exorbitant for the general public to buy basic necessities. In addition, the price of petroleum and gasoline fuels also skyrocketed with Nepal Oil Corporation hiking the prices of fuel products twice within the same month. The … [Read more...] about February Analysis: Economy and Development
Context: Nepal and India on 01 March 2022, signed a government-to-government (G2G) deal to procure chemical fertilizers for the next five years. The memorandum of understanding (MoU) signed by Govinda Prasad Sharma (Secretary at Nepal’s Ministry of Agriculture and Livestock Development) and Rajesh Kumar Chaturvedi (Secretary at India’s Ministry of Chemicals and Fertilizers) … [Read more...] about Fertilizer Crunch – a Perennial Issue in Nepal
Nepal’s economy went through a series of changes over the past year. Looking closely at the sectors-agriculture, manufacturing and tourism sector were hit hardest, primarily due to the pandemic (which largely restricted daily operations) and partially due to internal conflicts (between service providers/producers and service buyers) alongside other hurdles inflicted by natural … [Read more...] about Annual Analysis: Economy & Development