Nepal awaits revival of key US trade preference scheme
The generalised system of preferences expired in 2021. However, Nepali exports to US continue to claim benefits.
The generalised system of preferences expired in 2021. However, Nepali exports to US continue to claim benefits.
Until mid-March, the export of orthodox tea to China jumped 88.31 percent. Insiders say the opening of Chinese market to Nepali tea is significant.
Historical losses due to earthquakes, floods, and landslides in Nepal are significant.
Policy introduced on Friday will allow foreign citizens in Nepal to make payments for local purchases through a QR code.
Consumers are being cheated left and right, yet the government appears to be making minimal effort to address the issues.
Starting March 1, Indians have been allowed to make payments for purchases through their mobile phone, but Nepal is still working on the daily transaction limit. The digital payment arrangement with China is also unidirectional.
Huge reserves mean lack of investment and may lead to further decline in economic growth, say experts.
Men benefit from state subsidies, particularly those meant to help women become independent entrepreneurs.
A reciprocal payment service for Nepalis visiting India has been delayed for unspecified reasons.
The country is heavily reliant on imports from India, which is already experiencing soaring shipping expenses.
The state-owned Dairy Development Corporation and private dairy firms have yet to pay farmers around Rs6 billion citing sharp drop in consumption.
Brett King, an Australian futurist, says rapid digital development in China and India would enable Nepal to become a cashless society by early 2030.
Poverty fell from over 25 percent in 2011 to just over 20 percent in 2023, says the Fourth Living Standard Survey.
Nepal imported automobiles worth Rs36.31 billion in first half of the current fiscal. EVs accounted for Rs12.73 billion.
As per the working procedure, loans of up to Rs2.5 million will be provided to the start-ups at 3 percent annual interest.