Stubborn inflation haunts Nepali consumers
Food and beverage inflation increased to 5.64 per cent while non-food and service inflation rose to 8.87 per cent in the first eight months of the current fiscal year.
Krishana Prasain
Digital payments drop in Nepal, overturning expectations of spending surge
Economists blamed the import restrictions imposed by the government to save foreign exchange, as people made fewer purchases.
Rising dollar makes Nepal’s winter clothes more expensive
According to Nepal Rastra Bank, prices of clothes and footwear rose by 7.68 per cent in the first two months of the current fiscal year ended mid-September.
How the pandemic helped accelerate shift to digital payments
The rise of the digital economy has been one of the most significant fallouts of the Covid pandemic, which changed the way Nepalis make payments as they were forced to remain…
Liquor import ban leaves Nepal’s hospitality industry in low spirits
According to the Liquor Importers Association, Nepal imports alcoholic beverages worth $12 million annually.
Palm oil supply curbs may hit Nepali manufacturers
Imported palm oil is processed and promptly re-exported to India, with Nepali traders pocketing a handsome profit.
Edible oil imports hit Rs100 billion even though Nepalis are not guzzling it
Less than 20 percent of the edible oil that Nepal imports is consumed in the country, with the remaining re-exported, almost all to India.
Men make financial decisions despite rising female literacy: Experts
A World Bank report published in 2020 says that in Nepal, many businesses are registered in the name of women specifically to secure government subsidies given to them.
The humble grass that made it to high-level Nepal-China talks
Haylage, or grass chopped and packed, is greatly sought after as animal fodder in the highlands on the other side of the Himalaya.
Everest base camp to have high-speed 4G connectivity by end 2022
With 4G service enabled, locals in the remote mountainous region will also benefit, particularly in search and rescue efforts.