Nepal Economic Digest (April 07, 2020)


April 7, 2020


Nepal Economic Digest (April 07, 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.

‘OMNI Group obstructs private suppliers to bring medical goods’

It has been revealed that the OMNI group, a parent organization for various companies, has been involved in impeding the government to allow private suppliers to bring medical goods.

The OMNI Group is obstructing 40 tons of medical supplies at Guangzhou Airport after the government confiscated its collateral over the loss of millions of rupees incurred by the group through the supply of substandard materials.

Maha Prasad Adhikari appointed new NRB Governor

The government has appointed Maha Prasad Adhikari as the new Governor of Nepal. A cabinet meeting held on Monday decided to appoint Adhikari as the new governor.

A recommendation committee led by Minister of Finance Dr Yubaraj Khatiwada had sent three names — Dr Rajan Khanal, Maha Prasad Adhikari, and Chintamani Siwakoti — to the cabinet. Adhikari, Chief Executive Office at Nepal Investment Board, was a former deputy governor.

NMB Group, NIHDFA provide 1,000 PPEs to government

NMB Group and the Nepal-India Human Development Friendship Association (NIHDFA) have together provided 1,000 units of personal protective equipment (PPE) to the Ministry of Health.

The material support was handed over to Minister for Health and Population, Bhanubhakta Dhakal at the Ministry on Sunday. NMB Group provided 700 units of PPE it had brought from China while the Association handed over 300 units of PPEs manufactured in Nepal.

FAO warns world could face food crisis in wake of COVID-19

The United Nations’ Food and Agriculture Organization (FAO) said that the global food system is likely to be affected over the next several weeks by the impacts of the COVID-19.

FAO said that a looming food crisis unless measures are taken fast to protect the most vulnerable, keep global food supply chains alive and mitigate the pandemic’s impacts across the food system.

Shortages of farming inputs like fertilizers and veterinary medicines can further impact food production. All of these factors are likely to cause “disruptions in the food supply chains” in April and May.

200 cargo trucks including 53 LPG bullets enter Nepal

Dr Ram Prasad Ghimire, secretary at the Ministry of Social  Development of Province-2 said 20 cargo trucks laden with fruits and vegetables, 70 tankers of petroleum products and 53 bullets of Liquefied Petroleum Gas (LPG) and 17 cargo trucks have entered Nepal.

He further said that other 14 container vans have entered Nepal via a checkpoint of Mahottari district.

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 popular news portal — have joined hands to disseminate news from Nepal in the form of Economic Digest.

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