Nepal’s economic position in the world and Asia

Nepal’s economic position in the world and Asia

Nepal is a mountainous country on the “roof of the world,” in the Himalayas. Eight of the ten highest peaks of the planet are located in Nepal, including the highest peak on Earth – Everest (or Jomolungma). Geographically and physically, Nepal is divided into three zones from south to north: the plain (Terai), the highlands … Read More

Australia marks democratic trade pivot from China to India

Australia marks democratic trade pivot from China to India

Australia’s special envoy and former Prime Minister Tony Abbott said a free trade agreement between his country and India would be a sign that the world is “democratically distancing itself from China.” Abbott visited New Delhi last week as Australia’s special trade representative to India, as the Australian government prioritizes a bilateral trade agreement. In … Read More

NRA to offer aid and stimulus programs

NRA to offer aid and stimulus programs

The House of Representatives Finance Committee has directed Nepal Rastra Bank to focus on implementing relief, subsidy and stimulus programs to revive the pandemic-hit economy through monetary policy in the current fiscal year. The committee’s chairman, Krishna Prasad Dahal, said the committee issued a 17-point directive, including promoting key dynamic sectors of the economy and … Read More

Minister for Finance is instructed to ensure that state-owned companies make a profit

Minister for Finance is instructed to ensure that state-owned companies make a profit

Finance Minister Janardhan Sharma has directed the authorities concerned to intervene at the policy level to ensure that a loss-making public corporation owned by the State makes a profit. The Financial Sector Management and Coordination of Corporates Division in the Finance Ministry on Wednesday directed the Finance Minister, “Draw up a detailed plan to deal … Read More

Domestic air carriers commit to providing security measures against COVID-19

Domestic air carriers commit to providing security measures against COVID-19

Nepal’s domestic airlines have committed to operate flights to ensure precautionary measures against COVID-19. The Air Operators Association of Nepal (AOAN) issued a press statement on Wednesday reiterating its commitment to continue working with the Ministry of Health and Population, the COVID-19 Crisis Management Committee and the Civil Aviation Authority of Nepal (CAAN). The airline’s … Read More