Nepal Economic Digest (Sept 21, 2020)


September 21, 2020


Nepal Economic Digest (Sept 21, 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.

Import through Birgunj picks up after COVID-19 restrictions eased

Entrepreneurs in the Bara-Parsa Industrial Corridor have become optimistic after the government lifted the eased restrictions enforced to stem the coronavirus’ spread and opened up public transport and markets.

Imports through Birgunj border point have increased as traffic has been eased.

Chief Customs Officer Gopal Khatri said that the import from the Integrated Check Post (ICP) of Birgunj has increased. “Imports from customs have also increased as traffic has become easier.

The number of vehicles that pass the daily inspection has reached around 600, ‘said Chief Customs Officer Khatri.

Under normal circumstances, about 700 vehicles enter the country daily. The number had dropped to 150 after the lockdown was enforced.

Domestic airlines to resume flights from today

Nepal’s Domestic airlines are all set to resume their flight services starting today.

The internal air services have remained suspended since March after the government announced a nationwide lockdown to contain the spread of COVID-19.

Although the government decided to resume the services from September 17, airline operators had deferred their plan to resume domestic air services seeking approval from the government to allow 100 percent occupancy.

Considering the travel history of people during Dashain and Tihar, the government had decided to let domestic airlines resume operations to facilitate the movement of the general public.

According to Airlines Operators Association of Nepal (AOAN), domestic airliners are prepared to resume their services following the safety protocols prepared by the government.

The Civil Aviation Authority of Nepal (CAAN) has already circulated the health safety protocols to be followed by the airline operators and the airport authorities.

Govt warns network marketing business operators

After receiving immense complaints against the operation of network marketing businesses, the Department of Commerce, Supplies and Consumer Protection has warned of taking stern action against those found to be operating such businesses.

Issuing a public notice recently, the department said complaints have been lodged at the department in “notable numbers” against many individuals, including Nepalis and foreign citizens, and local companies.

Stating that the regulation of the Direct Sale of Goods (Management and Regulation) Act 2018 has barred everyone from conducting the pyramid based network marketing, the department has cautioned that anyone found involved in the business will be subjected to pay a cash penalty of up to Rs 1 million and a maximum of five years’ of jail term.

Rafting Association requests govt to reopen adventurous sports

Nepal Association of Rafting Agencies (NARA) has requested the government to reopen the adventurous sports, which is one of the major attractions of Nepali tourism fraternity.

As tourism related activities like mountaineering have resumed after lockdown and prohibitory order, the NARA asked in writing to the Ministry of Culture, Tourism and Civil Aviation to consider reopening adventurous water sports like rafting and kayaking.

The association has urged all concerned for ensuring necessary coordination between the government and people directly or indirectly associated with the sector for smooth and safe reoperation of the sector.

There are around 10,000 people working in the field.

Sarlahi exports vegetables worth Rs 3 billion

Lalbandi in Sarlahi district exported vegetables worth more than Rs 3 billion in the fiscal year 2019/20.

The vegetables were produced in Lalbandi, Hariwan and Iswarpur municipalities. Vegetables worth Rs. 3 billion 182 million were sold from the vegetable center point in Lalbandi, according to Agro Market Management Committee.

During the year, around 119.56 kilograms of vegetables were exported from there. Vegetables have been grown in around 1,000 bigha of land in the municipalities.

More than 50 per cent of the exported vegetables included tomatoes, with Lalbandi now known as the pocket zone for tomatoes.

Other vegetables included long beans, ladyfinger, parbal, cauliflower, cabbage, green gourd, brinjal, radish, and pumpkin, among others.

With notable income from vegetable farming, the number of locals joining commercial farming is increasing in the district, according to the Agriculture Knowledge Centre, Sarlahi.

Compiled and prepared by 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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