KATHMANDU: Economic Digest, a daily morning email digest, is basically a relatable summation of important business news from Nepal into easy-to-understand summaries.
Gold price increases by Rs 700 per tola
The gold price has registered an increase of Rs 700 per tola in the first trading day of the week on Sunday.
The gold that was traded at Rs 89,900 per tola last Friday has increased by Rs 700 today and is being traded at Rs 90,600 per tola.
Similarly, the tejabi gold is being traded at Rs 90,160, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Silver price increased by Rs 10 to Rs 940 per tola yesterday.
Nepal imports turmeric worth Rs 280 million in 10 months
At the time when Prime Minister KP Oli’s statement in Parliament that ‘consumption of turmeric enhances immunity and prevents coronavirus infection’ is being widely discussed in the country, data show Nepal has not become self-sufficient in turmeric production.
In the first ten months of the current fiscal year, Nepal has imported turmeric and its raw materials worth Rs 279.51 million.
As the local production could not meet the demand in the market, the data of the customs department has shown that the goods worth Rs 280 million were imported, media reports said on Sunday.
COVID-19: Nepal’s stock of medical supplies to last only 15 days
With the increase in the number of coronavirus infected people, the stock of medical supplies is dwindling.
The Ministry of Health and Population has stated that the medical supplies required for coronavirus testing are in stock for a maximum of 15 days as the cases of infection has exceeded 9,000 across the country as of Sunday afternoon.
Dr. Dipendra Man Singh, Director General of the Department of Health Services, informed that the stockpile will increase as additional materials sent by various donors are expected to arrive within a day or two.
In a discussion with health journalists at the Ministry of Health on Saturday, Director-General Singh said that at present, the department has a stock of kits that can be tested for 15 to 21 days.
200,000 teachers deprived of salaries as schools closed
Nearly 200,000 teachers have not been able to get their salaries for the past three months after the private sector-run institutional schools were closed due to the coronavirus pandemic.
The financial situation of the teachers of the schools has deteriorated after the source of regular income from the student fees of the private sector schools was cut off due to the closure of the schools.
Most of the private sector schools had started teaching through alternative means including online since April, but the teachers have not been able to get their salaries.
There are more than 2.2 million students studying in 7,000 privately run schools across the country.
(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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