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2014 February | Nepali Economy
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Monthly Archives: February 2014

Coca-Cola envisions sustainable change in the society

One of the top global brands in 2013, Coca Cola is manufactured in Nepal in two places at Balaju – by the Bottlers Nepal (Balaju) – and at Bharatpur – by the Bottlers Nepal (Tarai) – both of which are

National pride projects fail to perform, under utilise budget

Despite timely budget for the current fiscal year, the government has miserably failed to expedite the development projects that could have not only generated employment but also pushed the economic growth. The government has been able to spend only Rs

Government ‘still’ claims 5.5 per cent growth possible, inflation target revised upward to 8.5 per cent

Despite low capital expenditure and less borrowing from the private sector followed by rising inflation, the government today claimed that it still could achieve the 5.5 per cent economic growth rate targeted by the fiscal policy and supported by monetary

Investment opportunities in Nepal discussed in Tokyo

Nepali Embassy in Tokyo organised a one-day seminar on Investment Opportunities in Nepal today. The economic cooperation can bring people of both the countries more closer, said Nepali ambassador to Japan Madan Kumar Bhattarai, addressing the interaction. Nepal has embarked

Central bank asks banks and financial institutions to appoint information officers

The central bank has directed banks and financial institutions to appoint information officer. After National Information Commission apprised the central bank of the legal requirement to appoint information officers in banks and financial institutions according to the Right to Information

Nepal Pharma Expo begins

The fifth edition of Nepal Pharma Expo kicked here at Bhrikuti Mandap Exhibition Hall today. Organised by Association of Pharmaceutical Producers of Nepal (APPON) with an aim at disseminating information about recent advances and innovations in pharmaceutical science and technology,

Nepal-bound cargo starts moving from Kolkata port

The Nepal-bound containers stuck at Kolkata port in India have started moving since Tuesday, according to Nepali Consulate General in India. The containers were stuck at Kolkata port in India due to the construction work of the broad-gauge railway yard

Appellate Court stays Insurance Board’s directive to slash agent fee

Patan Appellate Court has stayed Insurance Board’s reduction of commission rate for non-life insurance agents until final verdict. The board had slashed slashed the commission of non-life insurance agents by one-third in January to be effected from mid-January. But the

Private sector vows to create 50,000 jobs

The three-day Nepal Economic Summit 2014 concluded here today with a 19-point declaration, which pledges to create 50,000 jobs in four different large scale projects each in agriculture, energy and tourism sectors by 2015. The declaration also envisages a high-level

Growth Sellers to organise HR Meet on March 21

Growth Sellers – a human resource solutions services provider based in Nepal. and also one of the pioneers in Human Resource Management – is organising the seventh edition of ‘HR Meet’ on March 21. Growth Sellers that is also the

USAID announces $110 million support to Nepal

USAID has announced up to $110 million support to Nepal. At the end of his two-day visit to Nepal today, USAID administrator Dr Rajiv Shah announced up to $110 million in support for Nepal in five programmes. He announed up

Central bank to conduct rural credit survey

The central bank is going to conduct fourth Rural Credit Survey. The survey – a comprehensive survey on the reach of credit to the rural populace – that is being conducted after two decades will look into the existence of

Global smartphone growth to slow to 8.3 per cent in 2017

Worldwide smartphone shipments will slow to 8.3 per cent annual growth in 2017 and 6.2 per cent in 2018, according to a new mobile phone forecast from IDC. Annual smartphone volume in 2013 surpassed one billion units for the first

Can economist-cum-finance minister Mahat resurrect economy?

When he entered Finance Ministry today afternoon as finance minister for the fifth time, everyone is expecting that Dr Ram Sharan Mahat has a magic wand that can work magic. But the situation that he has been appointed as the

USAID administrator underscores importance of science and technology for development

Administrator of the US Agency for International Development (USAID) Dr Rajiv Shah stressed on importance of science and technology in development of Hindu Kush Himalayas. During a visit to International Centre for Integrated Mountain Development (ICIMOD) today, he also discussed

Nepal, India to hold annual economic summit

Nepal and India are planning to to hold annual economic summits alternately in each of the countries. The private sectors of both the South Asian neighbours – Confederation of Indian Industry (CII) and Federation of Nepalese Chambers of Commerce and

Foreign investors interested in hydropower, urge to improve doing business indicators

The visiting experts and investors in the Nepal Economic Summit have shown their interest in investing in hydropower sector. However, they have urged the government to improve the business climate of the country. Nepal needs to introduce number of reforms

Global IME Bank, Commerz and Trust Bank Nepal to start operating as one unit after third quarter

Global IME Bank and Commerz and Trust Bank Nepal today signed the final Memorandum of Understanding for merger. The merged entity in the name of Global IME Bank will start operating as a single unit after the third quarter, said