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30 results for "Economy"

Ukraine Moves to Legalize and Tax Adult Content as It Searches for New Revenue to Fund the War

Ukraine is considering removing criminal penalties for consensual adult content and bringing the industry into the tax system, with officials estimating it could generate around $25 million a year as the country continues its war with Russia.

Sep 7

Kathmandu After Dark Could Get Easier: 28 Night Buses and Six New Routes Proposed Across the Valley

Kathmandu Valley’s night bus network could become much bigger, with a study committee recommending an expansion from seven to 28 buses and six new routes connecting hospitals, business areas and major entry points. The proposal follows a three-month trial used by 66,952 passengers, although the service currently loses an average of Rs 1,690 per bus each day

Sep 7

Nepal Pollutes Little, But Pays Heavily: The Fight For Climate Justice

Nepal contributes only a tiny share of global emissions, yet faces some of the growing costs of climate impacts. Its adaptation plan estimates about $47.4 billion may be needed through 2050, with $45.9 billion expected from external support. The climate justice debate is about whether vulnerable countries like Nepal are receiving fair support without being pushed deeper into debt.

Sep 1

Taxpayer Reward Scheme Drives Bill-Demanding Culture as Complaints Against Shops Rise

Nepal’s taxpayer reward scheme is encouraging more consumers to ask for official bills, while complaints against businesses refusing to issue bills have increased, according to the Inland Revenue Department.

Aug 25

Government Directs Public Agencies to Prioritize Nepali Products and Services

Prime Minister Balen Shah Directs All Government Agencies To Prioritize Nepali Products And Services In Public Purchases To Support Local Businesses, Create Jobs And Reduce Dependence On Imports

Aug 20

Why Are 70,000 Nepalis Seeking Foreign Jobs In Just One Month?

More than 70,000 Nepalis received labour approval for foreign employment in Shrawan, with the UAE remaining the leading destination. The figures show that overseas employment continues to attract a large number of Nepali workers even after the country recorded a 5.6 percent annual decline in labour approvals last fiscal year.

Aug 18

Good News For Students: Australia Introduces $31.30 (NRs. 3393.09) Minimum Pay For Gig Delivery Workers, Adds Injury Insurance Protection

New Fair Work Commission Rules Give Food And Grocery Delivery Workers Stronger Pay And Safety Guarantees While Maintaining Gig Work Flexibility

Aug 17

Finance Minister Swarnim Wagle Says Nepal Must Build With Its Own Income and Reduce Loan Dependence

Finance Minister Swarnim Wagle says Nepal must increase domestic revenue, expand the tax base and reduce dependence on loans under the Rs 2.124 trillion budget.

Aug 13

YouTube Raises The Bar: New Creators Will Need Double The Watch Time And Views To Earn

YouTube is introducing stricter Partner Program requirements from February 1, 2027, requiring new creators to achieve double the watch hours and Shorts views before earning through advertisements and premium revenue sharing. While existing monetized creators will remain unaffected, the new rules aim to reward established creators and strengthen YouTube’s creator economy.

Aug 12

Nepal’s Decision Key To Restart Gorkha Recruitment Into Indian Army Under Agnipath Scheme

Former Indian Chief of Defence Staff General Anil Chauhan has said recruitment of Nepali Gorkhas into the Indian Army can only happen under the Agnipath scheme and that the decision now rests with Nepal. The recruitment process has remained suspended since 2022 after disagreements over the new four-year military service system.

Aug 10

Nepal Could Save Rs 53.66 Billion Annually by Replacing 30% of Fuel Vehicles With EVs

The Rs 53.66 billion figure is best presented as an NEA estimate/projection, not as a guaranteed saving. The available reporting also makes clear that replacing heavy diesel vehicles, particularly long-distance trucks, remains a significant technical and infrastructure challenge.

Aug 9

Finance Minister Swarnim Wagle Sees Need To Amend Nepal Rastra Bank Act To Make Central Bank More Proactive, Accountable And Effective

Finance Minister Swarnim Wagle has called for amendments to the Nepal Rastra Bank Act to make the central bank more proactive and accountable, while supporting a seven member board, two deputy governors and wider expert representation.

Aug 5

Lost in Mandala: Nepal's Original Animated Feature Film Sets Its Sights on the Global Market

Lost in Mandala, an original animated feature film by Incessant Rain Studios and NIMB Ace Capital, aims to bring Nepal's stories, culture, and Himalayan heritage to audiences worldwide while showcasing the country's growing creative industry.

Aug 2

Government Signals Duty Review As Industries Push For Fairer Raw Material Tax

Finance Minister Dr. Swarnim Wagle has assured industrialists that the government is ready to review taxes and customs duties on raw materials and finished goods as part of a wider economic reform push.

Jul 29

Ten Years Later, Why Is Nepal's Key China Border Customs Building Still Not Finished?

Nearly ten years after construction began, the Integrated Customs Building at the Rasuwagadhi Nepal–China border remains only 65% complete despite an original three-year deadline. The government has issued what it says will be the final extension, warning that the contractor could lose the project if construction is not completed within the next six to eight months.

Jul 28

Finance Minister Wagle Assures Diaspora: “Once a Nepali, Always a Nepali”

Finance Minister Dr Swarnim Wagle has assured Nepalis living abroad that the government remains committed to protecting their connection with Nepal. He invited the diaspora to contribute knowledge, capital and international networks to the country’s economic development.

Jul 26

Nepal's Foreign Trade Reaches Record Rs 24.11 Trillion in FY 2082/83, But Rising Imports Push Trade Deficit to New High

Nepal's foreign trade reached its highest level ever during the fiscal year 2082/83 (2025/26), with total trade increasing by 15.88 percent to Rs 24.11 trillion, according to the latest annual data released by the Department of Customs. While both imports and exports recorded healthy growth, imports continued to rise at a faster pace, causing the country's trade deficit to widen further.

Jul 23

Prime Minister Balendra Shah Urges Nepal Rastra Bank To Introduce A Flexible Monetary Policy

During an hour long meeting, the Prime Minister called for easier lending rules, supportive interest rates, stronger investor confidence, and special financial access for women and entrepreneurs from disadvantaged regions.

Jul 17

Nepal's Economy In Mid-2026: What The Latest NRB Macroeconomic Update Really Means

Nepal Rastra Bank's latest macroeconomic report paints a picture of an economy that is financially stable but still faces long-term structural challenges. Foreign exchange reserves have reached record levels, remittances continue to grow strongly and inflation remains relatively moderate. At the same time, imports continue to outpace exports, private sector lending remains weak and government capital spending has slowed. This feature explains the latest economic indicators—including inflation, foreign exchange reserves, trade, remittances, banking, interest rates, and government finances in simple language, helping readers understand what the numbers really mean for Nepal's economy and for everyday life.

Jul 15

Nepal’s Melting Mountains: How Climate Change Is Draining The Country’s Natural Wealth

Nepal's Himalayas are melting faster than ever, threatening rivers, agriculture, hydropower, tourism, and millions of lives. This investigative report explores how climate change is reshaping the country's natural resources, economy, and future, while examining the urgent steps needed to reduce the growing risks.

Jul 13

Former Qatar Emir Sheikh Hamad Dies At 74, Leaving A Legacy That Reached Thousands Of Nepali Families

Former Qatar Emir Sheikh Hamad bin Khalifa Al Thani has died at 74 after spending nearly two decades guiding Qatar through major economic, political and social transformation. His rule also influenced Nepal by expanding employment opportunities in Qatar and strengthening diplomatic and labour relations between the two countries.

Jul 12

From an Idea to Industry: How Vending King Built Nepal's First Homegrown Smart Vending Machine Company

Vending King Pvt. Ltd., founded by Jeevan Shrestha, is transforming Nepal’s smart retail sector by designing and manufacturing vending machines locally. From its base in Kirtipur, the company is building cashless, customizable solutions for hospitals, colleges, retailers, and businesses across Nepal.

Jul 12

Nepal Saves Nearly Rs. 9.87 Arba In Foreign Currency After Fuel Imports Drop

Nepal saved nearly Rs. 9.87 arba in foreign currency after petrol and diesel imports dropped by more than 6.9 crore liters following the two-day public holiday policy and the return of misused government vehicles.

Jul 10

Gandaki Province Legalizes Marijuana Cultivation for Medicinal and Industrial Use

Gandaki Province Legalizes Marijuana Cultivation For Medicinal And Industrial Use As Provincial Assembly Unanimously Passes New Law To Boost Investment, Create Jobs And Support Industrial Growth

Jul 10

Latest Update On Nepal FDI Situation: How Much Money Did Nepal Receive From Abroad?

Nepal Received Rs 47.61 Arba In Foreign Investment Commitments Across 914 Projects, With IT Leading Project Count And Agro Leading Investment Value.

Jun 19

Global Leaders Welcome US Iran Agreement As Step Toward Regional Stability

Governments across the world have welcomed a newly announced agreement between the United States and Iran, describing it as a significant diplomatic achievement aimed at reducing tensions in West Asia. Leaders from several countries said the deal could help restore regional stability, improve maritime trade through the Strait of Hormuz, and support broader economic recovery.

Jun 15

Ncell’s Nakkhu Data Center Receives International Tier III Certification, Becoming A Major Digital Milestone For Nepal

Ncell’s Nakkhu Data Center in Lalitpur has received ANSI/TIA-942-C Rated 3 certification, marking a major step for Nepal’s digital infrastructure, cloud services, and secure data center growth.

Jun 10

Pathao Nepal Launches Helicopter Booking Service Pathao Heli In Partnership With Simrik Airlines

Pathao Nepal Launches Helicopter Booking Service ‘Pathao Heli’ In Partnership With Simrik Airlines, Allowing Users To Book Flights To Major Tourist Destinations Through Its Mobile App

May 28

Experts Suggest Making Income Up To NRs 12 Lakh Tax-Free In Nepal

Experts and stakeholders have suggested raising Nepal’s income tax exemption limit to NRs 12 lakh, saying it could reduce pressure on low and middle-income earners amid rising living costs.

May 21

MP Sumnima Udas Warns FATF Grey List Status May Hurt Remittance, Investment, and Tourism In Nepal

MP Sumnima Udas Says Global Trust In Economy Depends On Financial Credibility Warns FATF Grey List Status May Hurt Remittance, Investment, and Tourism In Nepal And Calls For Strong Action Against Informal Economy And Regulatory Weakness

May 21