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Nepal Economic Digest (June 24, 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.

Govt raises Rs 2 bln for COVID-19 fund

The Nepal government has said it has deposited Rs 2,348,137,000 in the COVID-19 Infection Prevention Control and Treatment Fund.

Of which Rs 286,758,000 has been spent so far, according to Narayan Prasad Bidari, secretary at the Office of the Prime Minister and the Council of Ministers.

The detailed expenditure done by federal, provincial and local governments will be presented in the public accounts committee of the parliament a few days later.

Similarly, the government has doled out Rs 132,256,000 for 176 local units and Rs 27,723,000 for those local units which are operating holding centers near the Nepal-India border.

Container vans stranded at Tatopani transit due to landslide

Container vans en-route to Kathmandu have been stranded near Tatopani checkpoint due to a landslide.

A total of 14 container vans loaded with medical goods were stranded after the landslide occurred near Lipi Bazar of Tatopani.

The landslide occurred near the Lipi cliff and the container vans heading to Kathmandu have been stranded, said Area Police Office, Kodari.

According to police, around 50 trucks and container vans have been stuck near Tatopani checkpoint. Police said preparations are underway to  clear the road.

Don’t charge fee during period schools not operated: Education Ministry

The Ministry of Education, Science and Technology has directed private schools not to charge fees during the period  schools were not operated.

Spokesperson at the Ministry Dipak Sharma urged PABSON and N-PABSON not to take fee from the students during the period when the schools were not run.

The Ministry in the note has said it has been concerned with the recent appeal made by the PABSON and N-PABSON.

Meanwhile, the Ministry has warned not to carry out any activities against Students Learning Facilitation Directives 2077.

It has further said that it is ready to discuss the problems being faced by the schools, if any.

Schools should consult the respective local unit if they are facing any problems regarding students learning through alternative means that began since June 15, reads the press note.

(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 : 24 June 2020 08:16 AM

House to continue budget deliberations; ministers to respond to lawmakers’ queries

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Rain likely in hills; heat to persist in parts of Terai

KATHMANDU: Weather conditions influenced by a westerly low-pressure trough, local winds

Department of Foreign Employment intensifies efforts to address sectoral issues

KATHMANDU: The Department of Foreign Employment (DoFE) has stepped up