Chief Ministers of different provinces, at the Nepal Investment Summit 2019, has urged domestic and foreign investors to inject investment in different sectors in their respective provinces.
Finance Minister YubarajKhatiwada today said that Nepal has developed a conducive environment for doing business and investment. Citing that all foreign firms in the country have been making at up to 25 percent return against the global average of 10 percent, Khatiwada said that Nepal is a better option for investors in terms of rate of return.
Minister for Culture, Tourism and Civil Aviation YogeshBhattaraitoday urged foreigners to invest in Nepal citing that the country has become a favorable destination for investment at present.
Speakers at a session in the Nepal Infrastructure Summit 2019, which kicked off in Kathmandu today, said that Nepal can achieve its desired economic growth and development goals through the development of infrastructures.
The Federation of Community Forestry Users Nepal has expressed their concerns about the government imposing exorbitant taxes on community forests. The FECOFUN has also warned of a protest against tax increment on community forests by the governments of all the three levels - federal, state and local. .
Milk shortage has taken a toll all over the nation as the dairy industries have cut down their production by 30 percent. The ongoing lean months and the halt in imports of Skimmed Milk Powder (SMP) from India have resulted in the shortage of milk in the industry, according to the diary producers.
Nepal has a trade deficit with 134 nations and surplus with only 23 nations out of the total 157 nations, the country was engaged with in bilateral trade.
Prime Minister K P Sharma Oli said that the railways and waterways -- his government is planning -- will help reduce trade deficit. Addressing 'India-Nepal Logistic Summit', on Sunday here in the capital, he said that Nepal needs to link with India through waterways and cross-border railways to expand foreign trade.
Following the pressures from dairy farmers, Chitwan Dairy Cooperatives decided to increase milk prices by Rs 10 per litre. Last Friday's meeting of the cooperatives has decided to raise milk price.
Two organisations today handed over Rs 2.5 million to Prime Minister KP Sharma Oli in order to deposit it in the Prime Minister Natural Disaster Relief Fund.
Women home-based workers take on a critical role in the production of large cardamom, says a World Bank Study released today.
The government has sought India’s uninterrupted cooperation and complete trust to build a roadmap for a New Nepal just the way India is visualizing a ‘New India’ through sound institutional arrangements in place.