FDI pledges jump 93.34 percent to Rs29.13 billion
But actual FDI typically hovers around a third. Private sector representatives attribute the growth to the base effect.
1 United States Dollar equals
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But actual FDI typically hovers around a third. Private sector representatives attribute the growth to the base effect.
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.
The state-owned oil monopoly cuts petrol and diesel prices by Rs1 and Rs2 respectively.
Prices are expected to rise further, but since farmers have already sold their cash crops, they will receive little benefit.
Yezdi Nagporewalla, chief executive officer of KPMG in India, a global network of professional firms providing audit, tax and advisory services, on Nepal’s investment climate and the upcoming investment summit.
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.
Nepal needs to advance foreign trade policy tools to leverage its trade as the country is set to graduate from a least developed country (LDC) in 2026, experts say.
Several women entrepreneurs in Gulmi have encouraged their husbands to take up professions they once deemed unworthy.
Huge reserves mean lack of investment and may lead to further decline in economic growth, say experts.