Nepal Economic Digest (July 01, 2020) « Khabarhub
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Nepal Economic Digest (July 01, 2020)


01 July 2020  

Time taken to read : 4 Minute


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KATHMANDU: Economic Digest, a daily morning email digest, is basically a relatable summation of important business news from Nepal into easy-to-understand summaries.

CIT reports net profit of Rs 37.94 crore

The Citizen Investment Trust (CIT) has reported a net profit of Rs 37.94 crore for the third quarter of FY 2076/77 BS. The figure stood at Rs 33.77 crore in the corresponding quarter of last fiscal year, it said.

The share capital of CIT stood at Rs 1.34 Arba as of Chaitra 2076, and has Rs 16.55 crore in call in advance. According to CIT, its net worth per share stood at Rs 208 till the end of Chaitra.

Nepse up by 40 points in first one hour

Nepal Stock Exchange (Nepse) went up by 40 points to each 1229.27 within 45 minutes after the transaction began on Tuesday.

The benchmark index had decreased by 40 points in the first one hour on Monday.

Likewise, the sensitive index has also increased by 8.23 points to reach 264.52 during the same period.

Until this period, a total of 227,044 units of shares worth Rs 116,604,800 from 112 companies have been sold.

Ncell collaborates in National Measles Rubella Campaign

The Family Welfare Division under the Department of Health Services has resumed its much-anticipated National Measles Rubella (MR) Campaign inside Kathmandu Metropolitan City (KMC).

Ncell Private Limited in collaboration with the Ministry of Health and Population (MoHP) and UNICEF, has been supporting the government for this national campaign to immunize children across the country between the age of 9 months to 5 years.

The mass immunization campaign that started in mid-February 2020 was earlier postponed due to the COVID-19 and it resumed inside KMC on June 25, adopting safety measures amid risk of potential spread of the coronavirus.

Through this campaign in KMC, the government has targeted to immunize over 100,000 children between the ages of 9 months to 5 years with the MR vaccine inside the metropolitan city.

Domestic, int’l flights to remain banned until July 22

Both domestic and international flights will remain banned until July 22 in Nepal. A cabinet meeting held on Monday evening took a decision to this effect by extending the ongoing lockdown until July 22.

According to the secretariat of the Ministry of Defense, the international flights and border checkpoints will also remain banned.

Similarly, the meeting has made the local government’s recommendation mandatory for entering into the Kathmandu Valley.

The government from now onwards will allow into the capital only those who carry a recommendation letter from the respective local unit.

(Compiled and prepared by Swastik Aryal and Nitish Lal Shrestha)

Nepal Economic Digest is a daily morning email digest, basically relatable summations of the most important business news, happenings from Nepal into easy-to-understand summaries.

Publish Date : 01 July 2020 08:12 AM

Lumbini province announces Rs 38.97 billion budget for FY 2024/25

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Karnali province prioritizes physical infrastructure and urban development in FY 2081/82 budget

KATHMANDU: The Karnali Province government has placed a strong emphasis

Gandaki province allocates Rs 32.96 billion for FY 2024/25 budget

KATHMANDU: Gandaki Province has unveiled a budget of Rs 32.96

Sudurpaschim province introduces Rs 31.62 billion budget for FY 2024/25

KATHMANDU: Sudurpaschim Province has unveiled a budget of Rs 31.62

Koshi Province unveils Rs 35.27 billion budget for FY 2024/25

KATHMANDU: Koshi Province has unveiled a budget of Rs 35.27