Nepal revives industrial security force to restore investor confidence
The decision comes amid repeated incidents of vandalism and property damage as the government seeks to reassure the private sector and attract fresh investment.
The decision comes amid repeated incidents of vandalism and property damage as the government seeks to reassure the private sector and attract fresh investment.
Exports of goods identified under the Nepal Trade Integrated Strategy grew just 3.16 percent last fiscal year, as weak domestic production, policy instability and poor coordination hamper efforts to diversify exports.
From momo packets to restaurant kitchens, officials are finding more violations than ever, but weak enforcement and stalled regulations are leaving diners at risk.
New policy covers income losses and other risks faced by small retailers and service providers as report finds only 10 percent of MSMEs have insurance.
Nepal’s silver import bill surged 366 percent to Rs32.74 billion last fiscal year as buyers turned to the white metal amid soaring gold prices.
Electric vehicle imports fell 24 percent last fiscal year as prolonged closures at Rasuwagadhi and Tatopani choked supplies. Dealers warn fresh disruptions could delay launches at this month’s major automobile exhibitions.
Armed Police Force seized 10 tonnes of smuggled sugar in a month, more than double the quantity confiscated a month earlier
Nepal Oil Corporation blames temporary demand surge on the switch back to full 14.2 kg cylinders, while consumer rights activists accuse dealers of creating artificial shortages and overcharging customers.
Armed Police Force seized 10 tonnes of smuggled sugar in a month, more than double the quantity confiscated a month earlier.
Differences over fare ceilings, commission limits and the use of privately registered vehicles have stalled approval of Nepal's proposed digital mobility regulations despite months of consultations.
Tatopani is shut by landslides, Rasuwagadhi remains constrained after flood damage, and Korala handles only limited cargo, disrupting imports ahead of the festive season.
Wholesale prices surged 8.47 percent in mid-June, driven by a spike in fuel and energy costs, raising concerns that higher production costs will soon feed into consumer prices ahead of the Dashain festival.
Experts say the export surge is driven by tariff arbitrage rather than genuine domestic value addition, while Indian edible oil refiners urge New Delhi to curb duty-free imports from Nepal.
Foreign investment pledges declined to Rs58 billion in the last fiscal year amid political instability although actual FDI inflows more than doubled.
Education spending abroad has become the biggest drain on Nepal’s service trade balance, outweighing gains from tourism and other exports.