Out of the total fertile land in the country, sugarcane is being cultivated on around 81,000 hectares of land. Though Nepal is in the 33rd position among the countries producing sugarcane in the world, sugarcane farming is not prospering in this situation also.
Nepal was ranked 94 out of 190 economies on the Doing Business 2020 ranking marking a significant shift for the country into the top 100 economies on the ease of doing business. As a part of the government’s ongoing efforts to improve the country’s investment climate reforms, the Office of the Prime Minister & Council of Ministers (OPMCM) and Ministry of Finance with the support of the World Bank Group organized a workshop to develop institutional arrangements for the newly formed Coordination Centre in OPMCM and put together an implementation plan for Doing Business reforms.
Minister for Home Affairs Ram Bahadur Thapa has said the export-oriented economy should be made stronger. He said this while inaugurating the 'trade analysis and export promotion training' organized by Trade and Export Promotion Centre Kathmandu in Ratnanagar today.
The Icchyakamana rural municipality has donated Rs. 1.11 million to the Dhurmus Suntali Foundation. The support was provided for the ongoing construction of the Gautam Buddha International Cricket Stadium.
The district-based state offices have made only 5.10 percent of the budget appropriated for development in the six months of the fiscal year 2075/76 BS.
The seismic survey has begun under the petroleum exploration underway in the Dailekh district. With the petroleum exploration coming near to success, the seminal task of the seismic survey has been stepped up. A joint expert team of Nepal and China is carrying out the task of petroleum exploration in the hilly district.
The price of gold which was continuous on the rise lately has started falling. According to the Federation of Nepal Gold and Silver Dealers Association, today, the price of yellow metal witnessed the Rs 900-fall per tola (11.66 grams). On Thursday, its price went down by Rs 1,000 per tola. t fall internally and its impact has been seen in the national market as well.
Easing tensions between different levels of the government and improving capacity at the local levels would support a successful federal transition in Nepal, a new World Bank report said.
The second group of 18 officers of the Government of Nepal has started their training on ‘Anti-Money Laundering and Countering Financing of Terrorism’ at the National Academy of Customs, Indirect Taxes and Narcotics (NACIN), Bengaluru (Karnataka) on 21 October 2019.
The Asian Development Bank (ADB) has released a new 5-year Country Partnership Strategy (CPS) for Nepal that lays out ADB’s support to help the country achieve its goal for a stronger and more inclusive economy.
The government has decided to accept the grant amounting to over Rs 2.71 billion to be provided by the World Bank for effective implementation of the School Sector Development Programme (2016-2023).
The business fraternity has urged the government to come up with policies and programmes in a way that encourages investors. In view of enabling an environment for investment in the country, they called for all three tiers of the governments to collaborate with the private sector in the areas of industry and tourism.