KATHMANDU: Economic Digest, a daily morning email digest, is basically a relatable summation of important business news from Nepal into easy-to-understand summaries.
NEPSE closes operation from Thursday
Nepal Stock Exchange (Nepse), the country’s share market, has decided to close its operation indefinitely from today.
The market, which had opened Tuesday after a hiatus of some 50 days, will be closed down as the Securities Board of Nepal, the share market regulator, instructed to stop operation. The market has witnessed negative circuit breakers in the past two days.
Industry Minister calls for using domestic products
Minister for Industry, Commerce and Supplies Lekhraj Bhatta has expressed his commitment to have included in the coming budget ways of resolving the problem seen in the small, cottage and micro enterprises due to the COVID-19 pandemic of late.
He said this in an interaction with a joint delegation of the Federation of Small and Cottage Industries and various commodity associations at the Ministry.
On the occasion, the Industry Minister said the government would move ahead on the basis of the suggestions of the entrepreneurs with the realisation that small industries have been affected in the present situation.
Bagmati State on top to contribute to country’s GDP
Bagmati State which includes the federal capital is the top contributor to the gross domestic product (GDP) of the country.
The State has been able to contribute 35.85 percent of the total. Releasing the data on the annual State-level products, the Central Bureau of Statistics shared that Bagmati State emerged strongly to prop up the GDP.
It is estimated that the State will have the economy of Rs 1,350 billion. In the GDP of Rs 3,767 billion, Bagmati State’s economy size is nearly one-third.
(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.
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