40 results for "Economy"
Nepal is quickly changing the way people pay, with QR codes becoming a familiar part of everyday life, from tea shops to larger businesses. Digital payments are growing rapidly, while cash remains important for many people. As Nepal moves toward a more connected financial system, the bigger challenge will be making digital payments safe, simple, and accessible to everyone.
Nepal’s trade pattern in FY 2082/83 shows a major shift in both imports and exports. Import values increased for key goods, including silver, motorcycles, mobile phones, petroleum products, and industrial materials, while the top 10 export items grew 18 percent to Rs. 21,433 crore. Processed palm oil and cardamom emerged as the biggest drivers of export growth, highlighting changing consumer demand and Nepal’s evolving export structure.
For nearly eight decades, exchanging new notes during Dashain has been a major Nepali tradition linked with blessings, family gatherings, and the growth of Nepal’s own currency system. This year, Nepal Rastra Bank has changed the approach by moving away from fixed distribution programs and allowing people to exchange new and clean notes through banks and ATMs based on demand.
Prime Minister Balendra Shah’s government has completed six months in office, after beginning its term with a 100-point governance reform agenda covering administration, corruption control, public services, laws and the economy. At its first 100-day review, the government claimed 87.2% overall progress and said 70 of the 100 agenda items had been implemented, but six months into the term, several promised legal and institutional reforms remain unfinished.
Nepal has posted several strong results in the World Economic Forum’s Travel & Tourism Development Index 2026, ranking 4th globally for Price Competitiveness, 6th for Travel & Tourism Policy and Enabling Conditions, and 9th among the world’s fastest-improving economies.
Nepalis spent a combined Rs 209 billion on overseas education and foreign travel in fiscal year 2025/26, according to Ministry of Finance data, as more students pursue education abroad and international travel grows.
Kathmandu’s daily traffic jams are creating a hidden economic cost through wasted time, extra fuel use, and reduced productivity. While no single figure shows the city’s total loss, research shows congestion is affecting commuters, businesses, and the wider economy.
Nepal’s proposed Waste Management Bill, 2083 seeks tougher rules for public waste disposal, including fines that can reach Rs 15,000 for repeated improper disposal of waste and Rs 15,000 to Rs 50,000 for damaging or removing public dustbins. It also proposes requiring local governments to install covered public bins that separate biodegradable, non-biodegradable and hazardous waste.
Kathmandu's Polluted air is costing lives, health and money. Air pollution costs Nepal over 6% of GDP annually, while Kathmandu Valley alone faces an estimated $1.25 billion yearly health burden.
Nepal’s proposed waste-management law could fine individuals, groups and organizations Rs 50,000 to Rs 2 lakh if they fail to remove posters, pamphlets, leaflets, wall writings, flags and similar materials placed for public programs. The provision is part of a wider bill registered in Parliament to strengthen accountability for waste and keep public spaces cleaner.
The Government of Nepal has registered a new Waste Management Bill in the House of Representatives that proposes mandatory covered dustbins in public places within three months after the law comes into effect. The bill aims to improve waste management by defining the responsibilities of individuals, local governments and other authorities while promoting waste segregation and cleaner public spaces.
Australia has announced new migration reforms that will stop most international students from bringing partners and children while studying. The changes will also tighten backpacker and visitor visa rules as the government moves to reduce temporary migration.
Ukraine is considering removing criminal penalties for consensual adult content and bringing the industry into the tax system, with officials estimating it could generate around $25 million a year as the country continues its war with Russia.
Kathmandu Valley’s night bus network could become much bigger, with a study committee recommending an expansion from seven to 28 buses and six new routes connecting hospitals, business areas and major entry points. The proposal follows a three-month trial used by 66,952 passengers, although the service currently loses an average of Rs 1,690 per bus each day
Nepal contributes only a tiny share of global emissions, yet faces some of the growing costs of climate impacts. Its adaptation plan estimates about $47.4 billion may be needed through 2050, with $45.9 billion expected from external support. The climate justice debate is about whether vulnerable countries like Nepal are receiving fair support without being pushed deeper into debt.
Nepal’s taxpayer reward scheme is encouraging more consumers to ask for official bills, while complaints against businesses refusing to issue bills have increased, according to the Inland Revenue Department.
Prime Minister Balen Shah Directs All Government Agencies To Prioritize Nepali Products And Services In Public Purchases To Support Local Businesses, Create Jobs And Reduce Dependence On Imports
More than 70,000 Nepalis received labour approval for foreign employment in Shrawan, with the UAE remaining the leading destination. The figures show that overseas employment continues to attract a large number of Nepali workers even after the country recorded a 5.6 percent annual decline in labour approvals last fiscal year.
New Fair Work Commission Rules Give Food And Grocery Delivery Workers Stronger Pay And Safety Guarantees While Maintaining Gig Work Flexibility
Finance Minister Swarnim Wagle says Nepal must increase domestic revenue, expand the tax base and reduce dependence on loans under the Rs 2.124 trillion budget.
YouTube is introducing stricter Partner Program requirements from February 1, 2027, requiring new creators to achieve double the watch hours and Shorts views before earning through advertisements and premium revenue sharing. While existing monetized creators will remain unaffected, the new rules aim to reward established creators and strengthen YouTube’s creator economy.
Former Indian Chief of Defence Staff General Anil Chauhan has said recruitment of Nepali Gorkhas into the Indian Army can only happen under the Agnipath scheme and that the decision now rests with Nepal. The recruitment process has remained suspended since 2022 after disagreements over the new four-year military service system.
The Rs 53.66 billion figure is best presented as an NEA estimate/projection, not as a guaranteed saving. The available reporting also makes clear that replacing heavy diesel vehicles, particularly long-distance trucks, remains a significant technical and infrastructure challenge.
Finance Minister Swarnim Wagle has called for amendments to the Nepal Rastra Bank Act to make the central bank more proactive and accountable, while supporting a seven member board, two deputy governors and wider expert representation.
Lost in Mandala, an original animated feature film by Incessant Rain Studios and NIMB Ace Capital, aims to bring Nepal's stories, culture, and Himalayan heritage to audiences worldwide while showcasing the country's growing creative industry.
Finance Minister Dr. Swarnim Wagle has assured industrialists that the government is ready to review taxes and customs duties on raw materials and finished goods as part of a wider economic reform push.
Nearly ten years after construction began, the Integrated Customs Building at the Rasuwagadhi Nepal–China border remains only 65% complete despite an original three-year deadline. The government has issued what it says will be the final extension, warning that the contractor could lose the project if construction is not completed within the next six to eight months.
Finance Minister Dr Swarnim Wagle has assured Nepalis living abroad that the government remains committed to protecting their connection with Nepal. He invited the diaspora to contribute knowledge, capital and international networks to the country’s economic development.
Nepal's foreign trade reached its highest level ever during the fiscal year 2082/83 (2025/26), with total trade increasing by 15.88 percent to Rs 24.11 trillion, according to the latest annual data released by the Department of Customs. While both imports and exports recorded healthy growth, imports continued to rise at a faster pace, causing the country's trade deficit to widen further.
During an hour long meeting, the Prime Minister called for easier lending rules, supportive interest rates, stronger investor confidence, and special financial access for women and entrepreneurs from disadvantaged regions.
Nepal Rastra Bank's latest macroeconomic report paints a picture of an economy that is financially stable but still faces long-term structural challenges. Foreign exchange reserves have reached record levels, remittances continue to grow strongly and inflation remains relatively moderate. At the same time, imports continue to outpace exports, private sector lending remains weak and government capital spending has slowed. This feature explains the latest economic indicators—including inflation, foreign exchange reserves, trade, remittances, banking, interest rates, and government finances in simple language, helping readers understand what the numbers really mean for Nepal's economy and for everyday life.
Nepal's Himalayas are melting faster than ever, threatening rivers, agriculture, hydropower, tourism, and millions of lives. This investigative report explores how climate change is reshaping the country's natural resources, economy, and future, while examining the urgent steps needed to reduce the growing risks.
Former Qatar Emir Sheikh Hamad bin Khalifa Al Thani has died at 74 after spending nearly two decades guiding Qatar through major economic, political and social transformation. His rule also influenced Nepal by expanding employment opportunities in Qatar and strengthening diplomatic and labour relations between the two countries.
Vending King Pvt. Ltd., founded by Jeevan Shrestha, is transforming Nepal’s smart retail sector by designing and manufacturing vending machines locally. From its base in Kirtipur, the company is building cashless, customizable solutions for hospitals, colleges, retailers, and businesses across Nepal.
Nepal saved nearly Rs. 9.87 arba in foreign currency after petrol and diesel imports dropped by more than 6.9 crore liters following the two-day public holiday policy and the return of misused government vehicles.
Gandaki Province Legalizes Marijuana Cultivation For Medicinal And Industrial Use As Provincial Assembly Unanimously Passes New Law To Boost Investment, Create Jobs And Support Industrial Growth
Nepal Received Rs 47.61 Arba In Foreign Investment Commitments Across 914 Projects, With IT Leading Project Count And Agro Leading Investment Value.
Governments across the world have welcomed a newly announced agreement between the United States and Iran, describing it as a significant diplomatic achievement aimed at reducing tensions in West Asia. Leaders from several countries said the deal could help restore regional stability, improve maritime trade through the Strait of Hormuz, and support broader economic recovery.
Ncell’s Nakkhu Data Center in Lalitpur has received ANSI/TIA-942-C Rated 3 certification, marking a major step for Nepal’s digital infrastructure, cloud services, and secure data center growth.
Pathao Nepal Launches Helicopter Booking Service ‘Pathao Heli’ In Partnership With Simrik Airlines, Allowing Users To Book Flights To Major Tourist Destinations Through Its Mobile App
