Stakeholders and experts have called for collective efforts of the government and private sector to bring about reforms in the current economic situation of the country.
Acting Prime Minister and Defence Minister, Purna Bahadur Khadka, has said the government was serious towards the attempts making by some interest groups for political advantages in the pretext of economic crisis.
The government has decided to accept grant aid of 20 million US dollars from the World Bank for food security and nutrition projects.
The Nepal Oil Corporation (NOC) has decreased the fuel prices effective from December 1
Prime Minister Pushpa Kamal Dahal 'Prachanda' on Tuesday held discussions with the politicians, private sector leaders, economists and stakeholders on the country's current economic condition.
"We are seeking suggestions from the private sector about the current problems and challenges and the future course of action," Finance Minister Dr Mahat said.
Net profit of state-owned telecom company - Nepal Telecom (NT) - has decreased during the first quarter of the current fiscal year 2023/24. Net profit of NT has decreased by 8.9 per cent during the first quarter of the current fiscal year compared to the same period last fiscal year, according to a press statement of the NT. The company has earned a net profit of Rs. 2.02 billion in the review period of the current fiscal year 2023/24 while it had earned a net profit of Rs. 2.22 billion in the first quarter of the last fiscal year 2022/23. Meanwhile, the operating income of the company has decreased by 5.43 per cent during the review period.
The National Tax Day is being celebrated for a week beginning today.
After a hiatus lasting for four years, the Korla border point in Mustang has resumed commercial operations. The Chinese government enforced a complete border closure in 2020 in response to the COVID-19 pandemic. The reopening of the checkpoint on Monday, November 13, has sparked excitement among the residents of Mustang. On the inaugural day of the checkpoint's operation, a substantial number of Mustang residents eagerly made their way to Korala. The closure of the border affected the lives of the residents of two Rural Municipalities in Upper Mustang. During the recent visit of Prime Minister Pushpa Kamal Dahal 'Prachanda' to China, the two countries had agreed to reopen the border.
The Federation of Computer Association of Nepal has said there would be support in country's economy if an arrangement for operation and regulation of TikTok was made in line with law.
"It is our founding mission to serve the development and growth of the private sector wholeheartedly," said Wei, adding that "the bureau and private enterprises belong to one family."
Finance Minister Dr Prakash Sharan Mahat has urged the banks from Asia to invest in Nepal.
The government has formed a working group under the coordination of the Ministry of Home Affairs to carry out a feasibility study of marijuana cultivation in the country.