KATHMANDU: Economic Digest offers a concise yet comprehensive overview of significant business happenings in Nepal, presented in easily digestible summaries.
The CPN-UML has submitted its recommendations to Prime Minister KP Sharma Oli for the upcoming fiscal year’s policies and budget. Meanwhile, Butwal Power Company announced a two-day halt in electricity production at Andhikhola Hydropower Station for annual maintenance on April 17 and 18.
Economist Rabindra Bhattarai has released his new book, Financial Independence, offering insights into personal finance. In Min Bhawan, Kandmul Agro and Farm has opened to promote locally produced goods in the Nepali market.
UML submits policy suggestions to Prime Minister
The CPN-UML has submitted policy recommendations for the upcoming fiscal year to Prime Minister KP Sharma Oli. The party’s general secretary Shankar Pokharel and other leaders presented the suggestions at the Office of the Prime Minister and Council of Ministers, Singha Durbar, emphasizing priorities for the new policies and budget.
Andhikhola Hydropower to halt production for maintenance
The Butwal Power Company has announced a complete shutdown of the Andhikhola Hydropower Station on April 17 and 18 for its annual maintenance. Electricity generation will be temporarily paused during the two-day schedule.
Kandmul Agro and Farm opens at Min Bhawan
Aiming to boost domestic production, Kandmul Agro and Farm has opened in Min Bhawan, Kathmandu. The farm promotes local agricultural products and sustainable food systems, offering a new platform for consumers seeking homegrown produce.
SEBON, NEPSE, and CDS agree to regular coordination
In a recent meeting, the heads of Nepal Securities Board (SEBON), Nepal Stock Exchange (NEPSE), and CDS and Clearing Limited agreed to hold regular strategic discussions. The move, initiated by NEPSE CEO Chudamani Chapagain, aims to enhance market efficiency and investor confidence.
Youth arrested for Rs 10 million fraud via e-Sewa
A 22-year-old has been arrested for allegedly defrauding over 4,000 individuals by misusing the e-Sewa digital payment platform. Authorities reported that the accused siphoned off more than Rs 10 million before being apprehended.
NEPSE gains 13 points in pre-open session
Nepal’s stock market saw a positive start as the NEPSE index rose by 13.23 points in the pre-open session, reaching 2,702.46. A total of 55,237 shares from 54 companies were traded, totaling over Rs 17.3 million in turnover.
Nepal to ease travel for Indian tourists
The government is working on simplifying cross-border travel procedures for Indian tourists. The initiative aims to promote religious and adventure tourism, positioning Nepal as a key destination for spiritual and outdoor travel experiences.
Delayed disaster damage review to begin soon
The government will assess damages from the floods and landslides that occurred in September 2024 only in April. The delay has raised concerns over the timely response and preparedness of disaster relief mechanisms.
China appoints new consul general amid trade tensions
Amid rising trade tensions with the U.S., China has appointed Li Chenggang as its new Consul General. Li, also a vice minister of commerce, is expected to take the lead in international trade negotiations and represent Beijing’s commercial interests.
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