Usually, the rate is declared well in advance for farmers to plan their crops before the start of the planting season.

Cases involve use of fake value added tax receipts and foreign currency misuse by firms and individuals.

Most tourists visit Chitlang Valley and surrounding areas to hike; many also love to cycle along green paddy terraces.

The Asian Development Bank has revised down its forecast for Nepal’s economic growth to 4.1 percent from the previous 5.1 percent.

The coalition government led by the Nepali Congress has set an ambitious 7 percent economic growth target this fiscal year, ending mid-July 2022, even as experts have been warning of a possible third Covid-19 wave.

Hit by flood, the multi-basin irrigation-cum-hydropower project located in Surkhet is slated to be ready only in 2024.

To expand the original project’s scope, the increased funding will help construct 16 km of 132-kilovolt transmission lines from Nepalgunj to Kohalpur and from Chovar to Lagankhel.

The budget may be enough to procure 350,000 tonnes, still 50,000 tonnes short of the desired 400,000 tonnes, officials said.

The additional financing will scale up ADB’s support to provide reliable, efficient, and sustainable electricity supply in Nepal, an ADB official said.

How the country’s economy fares in the coming months will depend, to a large degree, on whether it can avoid a third virus wave and maintain political harmony.