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

01 May 2020  

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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.

Deadline to file tax extended until June 7

The government has extended the deadline to file the tax for the Nepali months of Chaitra and Baisakh by one month.

A Cabinet meeting has extended the deadline until June 7, government Spokesperson Dr. Yuvaraj Khatiwada said during a press meet on Thursday.

Earlier, the deadline was extended until May 4.

4,532 foreigners return home thru 34 int’l flights during lockdown

There have been 34 international chartered flights from Nepal since the country went into the lockdown.

Foreign countries had conducted international chartered flights to rescue their citizens stranded in Nepal without prior information.

According to the Civil Aviation Authority of Nepal (CAAN), a total of 4, 532 foreigners have left Nepal for their respective countries in the period between March 24 to April 23.

ADB to provide medical supplies and concessional loan

The Asian Development Bank (ADB) says it would provide medical supplies worth US$ 300,000 and concessional loan worth US$250 million to Nepal.

ADB President Masatsugu Asakawa said this in a telephone conversation with Finance Minister Dr Yubaraj Khatiwada.

Finance Minister Dr Khatiwada thanked the ADB for the support adding that the country was looking forward to additional support to the health infrastructure development in the country in the coming days.

He also stressed the need to expand investment in modern and commercial agriculture and local infrastructure and rural fiscal measures so as to create more jobs in the country.

Two arrested while smuggling drugs in diesel tanker

Police have arrested two persons and impounded a fuel tanker used in smuggling of drugs from Hetauda Sub-metropolitan City-15 along the East-West Highway.

A police team deployed from Area Police Office, Pashupatinagar found drugs in a tanker, Na 3 Kha 6466, ferrying diesel. The law enforcement agency discovered 115 bottles of pharmaceutical drugs in the tanker.

Despite accuracy concerns, Nepal to procure 100,000 RDT kits

The Ministry of Health and Population has signed an agreement to purchase additional COVID-19 Rapid Diagnostic Test (RDT) kits.

The Department of Health Services under the Ministry on Wednesday signed the agreement with a private company to purchase 100,000 kits. It is said that the new kits can detect both Igm and Igg.

Immunoglobulin detection tests are based on the qualitative detection of IgM and IgG that are specifically generated by the body in response to SARS-CoV-2 infection.

The deal to purchase the kits has been reached when questions have been raised over the accuracy of such kits. India has already banned the use of rapid testing kits procured from China due to their poor quality.

(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. The Institute for Strategic and Socio-Economic Research (ISSR), Nepal’s independent think tank, and Khabarhub — Nepal’s popular news portal — have joined hands to disseminate news from Nepal in the form of Economic Digest.

Publish Date : 01 May 2020 09:52 AM

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