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Nepal Economic Digest (June 17, 2020)



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

130 industrial villages to be set up next fiscal year

The government is to set up industrial villages at the local level itself for promoting employment and reducing the adverse impact of the coronavirus pandemic on the country’s trade and business sector.

The Ministry of Industry, Commerce and Supplies has also managed the budget with the goal of establishing a total 130 industrial villages in the upcoming fiscal year.

Forty-five industrial villages that were declared in the current fiscal year are in the phase of coming into operation, although some obstacles were encountered in this at some local levels due to the risk of coronavirus.

Minister for Industry, Commerce and Supplies Lekhraj Bhatta said Rs 9.2 million has been allocated to every local level for setting up the industrial village.

Accordingly, a total Rs 1 billion 196 million budget would be provided for this purpose.

Jagadamba Motors resumes sales online

Jagdamba Motors Pvt. Ltd has resumed its sale services online. The company said the customers can get information about its products including financial and other aspects of the vehicles from online shop tvsnepal.com.

The customers get detailed information about the motorbikes online and that the company officials will deliver purchased vehicles at home of the customers.

TVS Company has said it will open its showrooms and servicing centers in the near future by maintaining social distancing and adopting other precautionary measures.

New Nokia 5310 hits Indian markets

HMD Global, a Finnish mobile phone company, launched new Nokia 5310 in India. The new Nokia 5310 looks slightly different from the 2007 version.

It doesn’t have that slim build with the music buttons that really stood out. But the company has retained the music key buttons on the 2020 Nokia 5310.

It has a slightly thicker build with color combinations of white plus red, and black plus red.

The Finnish handset maker, in the past few years, has tried its best to bring back that nostalgia factor to make customers stick around.

If this rings a bell, yes it is the Nokia 5310 is the 2020 version of the popular Xpress Music phone.

(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 : 17 June 2020 08:37 AM

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