Experts blame low demand, falling public confidence and high interest rates for the slump.

With incomes stagnating due to a comatose economy, people are forced to stretch every rupee.

Nitin Tyagi, the business development director of Rakuten Viber for the Southeast Asia region, on the existing performance and future plans of Viber in Nepal.

Friendlier government policy would encourage domestic companies to use locally developed software, according to insiders.

Sanjeev Kapur, senior vice-president and chief marketing officer of MetLife Asia, on prospect of 360Health and the protection industry in Nepal.

The founders say they seek to make the rituals hassle-free and true to the ancient Hindu scriptures.

The app has been downloaded more than 100,000 times by small firms and traders.

Lack of jobs due to political instability and growing corruption have driven thousands of youths to seek their future overseas, experts say.

The private sector has suggested the government adopt appropriate policies to address the current economic crisis.

Nearly a dozen policies and programmes intended to support new firms are gathering dust, analysts say.

Auto dealers say that around 40 percent of their annual auto sales take place in the two months of the autumn festival season.

The civil aviation body had recently barred airlines from flying to the Karnali region after 12 pm citing safety reasons.

According to economists, 50 to 60 percent of the year’s sales happen during the autumn festival season.

The Social Security Fund currently enlists 700,000 formal sector employees and migrant workers.

It produces information necessary for farmers in the form of videos and texts, such as the format of business plans and proposals, government notices and agriculture news.