NEWS

Dairy Industry Losses Amount to Rs 3 billion
Dairy Industry Losses Amount to Rs 3 billion
  0   2 minutes 4 seconds to read

Nepali dairy industries have incurred a total loss of around Rs 3 billion in the two months of the ongoing lockdown.…

IB Sets Standards for Covid-19 Insurance
IB Sets Standards for Covid-19 Insurance
  0   1 minutes 57 seconds to read

With risks rising due to the increasing number of coronavirus infected people across the country, the Insurance Board (IB), the insurance sector regulator, has set criteria in the Covid-19 insurance…

SMEs Struggle for their Existence
SMEs Struggle for their Existence
  0   3 minutes 31 seconds to read

With the lockdown imposed by the government going longer than anticipated, many owners of small and medium enterprises (SMEs) have made up their mind to exit from their business.…

Coca-Cola and CREASION Join Hands to Provide Relief to 3,200 Waste Workers
Coca-Cola and CREASION Join Hands to Provide Relief to 3,200 Waste Workers
  0   1 minutes 59 seconds to read

Soft drinks maker Coca-Cola has announced a joint intitiave named Waste Worker Emergency Relief Project (WWERP) in association with CREASION, a non-government organization, to provide awareness, safety gears and relief materials for vulnerable waste workers and their families to help protect them from the impacts of coronavirus.…

Govt Prepares for Austerity Budget
Govt Prepares for Austerity Budget
  0   3 minutes 9 seconds to read

With the Covid-19 pandemic and lengthening lockdown putting a big dent on revenue collection of the government, the Ministry of Finance (MoF) is preparing to introduce austerity measures in the federal budget for the fiscal year…

NRB to Issue Monetary Tools: Governor
NRB to Issue Monetary Tools: Governor
  0   3 minutes 6 seconds to read

Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has warned that it will be very challenging for businesses to resume their activities after the lockdown is lifted.…

EPF to Start Online Loan Service
EPF to Start Online Loan Service
  0   47 seconds to read

The Employees Provident Fund (EPF) has announced to start the Special Loan Service to help its depositors affected by the lockdown.…

3 Microfinance Companies to Merge
3 Microfinance Companies to Merge
  0   58 seconds to read

Three microfinance companies that haven’t been listed at the Nepal Stock Exchange (NEPSE) till date have announced to go into merger.…

Finance Committee Suggests Govt to Refrain from Reducing Budget Size
Finance Committee Suggests Govt to Refrain from Reducing Budget Size
  0   2 minutes 59 seconds to read

While some economists have suggested the government to come up with budget smaller in size for the upcoming fiscal year citing sharp economic contraction, the Finance Committee of the Federal Parliament has recommended that the budget should be sized according to the ceiling set by the National Planning Commission (NPC).…

‘Revival of SMEs vital for economic recovery’
‘Revival of SMEs vital for economic recovery’
  0   4 minutes 41 seconds to read

Stakeholders have stressed on the need to prioritise revival of the small and medium enterprises (SMEs) to kickstart the recovery of the Nepali economy ravaged by the COVID-19 pandemic and the lockdown imposed by the government to stop the possible spread of coronavirus.…

Govt and Partners Take Stock of School Sector Development Program Amid COVID-19 Impacts

The Budget Review Mission (BRM) of the government’s flagship School Sector Development Program (SSDP) was completed on May 19 under the leadership of the Ministry of Education, Science and Technology (MoEST) with joint financing and non-joint financing partners including World Bank, USAID, ADB, Finland, Norway, European Union, JICA, Global Partnership for Education, REACH MDTF and UNICEF, and other stakeholders.…

A Dozen Projects Proposed for Employment Generation
A Dozen Projects Proposed for Employment Generation
  0   2 minutes 13 seconds to read

Rs 200 billion in investment will be needed to generate employment to 3.4 million Nepalis who have lost their jobs in home and abroad due to the COVID-19 pandemic-induced crisis, a study commissioned by the government has found.…

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