NIPoRe Nepal Month in Review

NNMIR

Year 2, Issue 07

Issues of the Month

Refinancing facilities for businesses affected by COVID-19
Ban lifted on import of GMCs
Second phase of 2021 census starts

Summary

The government has announced relief for people affected by the pandemic and for the farmers whose crops were damaged by natural disaster. NRB has also called for applicants who require refinancing for their businesses. After eight years, Nepal unbans the imports of genetically modified crops for the poultry industry. This month highlights the ongoing conflict between Chief Justices Cholendra Shumsher Rana and other justices which has jeopardised the independence and integrity
of the judiciary.

Oct-Nov 2021

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02 (6)

Year 2, Issue 6

The World Bank predicted Nepal’s economic growth to be at 3.9 percent and Asian Development Bank predicted it to be at 4.1 percent for FY 2021/22....more

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Year 2, Issue 5

The manufacturing sector of the country is seeing a resurgence as COVID numbers are going down and the lockdown has been lifted. Nepal Rastra Bank...more

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Year 2, Issue 4

According to the macroeconomic review published by Nepal Rastra Bank (NRB) the annual inflation rate was 3.60, the food and beverage inflation was 5.0 percent...more

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Year 2, Issue 3

Provincial governments released the budget for the fiscal year 2021/22. The government is behind on collecting the targeted amount of tax revenue...more

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Year 2, Issue 2

The budget for the fiscal year 2078/79 (2021/22) was unveiled by the Finance Minister Mr. Bishnu Poudel. The pandemic has impacted the business sector with around 70 percent of the factories closing due to the lockdown.

02 (1)

Year 2, Issue 1

As a result of the lockdown orders by the government, the economy of the country has been once again brought to a halt. New years sales were down from earlier years due to the pandemic.

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Year 1, Issue 10

The effects of the COVID-19 pandemic in the economy are still being seen. The mid-year budget review showed that capital expenditure budget spending has decreased to a meager 14.4 percent.

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Year 1, Issue 9

The government and Nepal Rastra Bank (NRB) have continued with their plans to revive the economy affected by COVID-19. The paddy harvest for this year increased by 1.28 percent in comparison to last year.

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Year 1, Issue 8

The key government institutions, including the Central Bank, have slowly begun to make their serious efforts revive the economy hit hard by the pandemic. Despite the slump in the economy, gold imports increased as festival and marriage season started in the country.

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Year 1, Issue 7

The economic impact of COVID-19 on the economy was seen this month too. The pandemic and the subsequent lockdown’s effect on industries such as handicraft industries and on the financial sectors are being seen more clearly.

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Year 1, Issue 6

The economic impact caused due to COVID-19 has affected the festival season too. The sales for Dashain this year have plunged. The pandemic has also increased online transactions which has resulted in new employment opportunities in the e-commerce sector being created.

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Year 1, Issue 5

While this month the government decided to continue loosening the restrictions placed to combat the COVID-19 Pandemic, there were problems and delays in implementing the decisions.

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Year 1, Issue 4

In Shrawan, the Nepal Rastra Bank presented the monetary policy for the upcoming fiscal year 2077/28. The policy is focused on economic stability and achieving economic growth of 7pc in 2020-21.

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Year 1, Issue 3

In the month of Asar, the economic sector saw a remarkable move after the World Bank ranked Nepal up to a ‘lower-middle income’ country from ‘low-income’ country. After a significant slump in the month of Chaitra,

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Year 1, Issue 2

Finance Minister Dr. Yubaraj Khatiwada presented the budget of Rs. 1.47 trillion for fiscal year 2020/21 on May 28, 2020. The major objective of the budget has been stated to be expansion of health services, fixing the supply chain broken by the pandemic,

01 (1)

Year 1, Issue 1

Due to the lockdown imposed throughout the month of Baisakh, various industries including airline, food services, handicraft, small and medium enterprises are facing losses in revenue, job cuts, and possible closure due to the COVID-19 pandemic.

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