More on Nepal

Incessant rainfall, landslides kill nine in Nepal, 90,000 affected

At least nine people have died and many were reported missing in Nepal as landslides and floods caused by incessant rainfall in the last three days wretched havoc in several parts of the country, affecting over 90,000 people

Nepal’s ever-growing social security expenses pose fiscal challenge to government

Resource crunch amid the pandemic forced the Nepal government to look for measures to cut its ever-expanding social security expenses, which touched almost $1.9 billion --roughly 30 percent of the total revenues-- in the last fiscal

Nepal received record $8.08 billion in remittances despite Covid-19 slowdown

Nepal received around a record $8.08 billion in remittances--the highest so far--in the last fiscal (ended in mid-July), recording a 10 percent growth in comparison to the last despite the Covid-19 slowdown

Nepal to launch integrated national payment switch in October

Nepal will launch its own national payment switch, designed to integrate multiple banks, digital payment vendors such as IPS, ConnectIPS, quick response (QR) code, and other digital ecosystem players into one system, enabling them to transfer funds

Nepal struggles to evacuate its nationals from Afghanistan

Days after the fall of Kabul, the Nepal government has been struggling to evacuate its nationals stuck in Afghanistan as the country lacks diplomatic channels and contacts there

Nepal to enforce smart lockdowns amid rising Covid cases

Amid rising Covid-19 cases, the Nepalese government has decided to enforce smart lockdowns in districts across the country, as the risk of a third Covid wave looms large

As third Covid wave looms large, Nepal reimposes night restrictions

Authorities in Nepal have decided to reimpose restrictions, including banning all private and public vehicles after 8 PM, as the Covid-19 cases rise again. On Monday, the country reported over 3600 cases and passed the grim milestone of the 10,000 deaths last week

Nepal's chief of market regulator under scanner for insider trading

Nepal has launched an inquiry into the alleged involvement of Securities Board of Nepal Chairperson Bhisma Raj Dhungana and Nepal Stock Exchange Chief Executive Officer Chandra Singh Saud in insider trading

Nepal foreign policy at crossroads: PM Deuba seeks to balance ties between major powers

Nepali Prime Minister Sher Bahadur Deuba, while seeking a vote of confidence in parliament earlier this month, said the country's foreign policy will be of mutual friendship and cooperation

An energy-surplus Nepal mulls reducing power tariff

Nepal is considering reducing power tariffs in the coming weeks to avoid a potential wastage of the power generating capacity as the country is on the verge of being an energy surplus state

A partner in Nepal’s ruling coalition splits; no immediate threat to government

The Janata Samajwadi Party-Nepal (JSPN), a coalition partner in Nepal’s new government, has formally split on Monday after the country’s Election Commission granted legitimate right over the party to one of the two warring factions

Nepal national football team head coach resigns, cites ‘drama’ of senior official

Abdullah Almutairi, a Qatari national and the head of the Nepal national football team, has announced his resignation on Sunday in a Facebook post, citing “daily drama” from a senior vice president of The All Nepal Football Association (ANFA)

ADB approves $165 million in loan to Nepal for Covid vaccines

The Asian Development Bank (ADB) has approved $165 million in loan to Nepal for the procurement of the Covid-19 vaccines for Nepal benefiting around 6.8 million Nepali nationals

Former Nepal PM Oli trains gun on rebel MPs

Days after losing the government,  the CPN-UML, the party headed by Nepal’s former Prime Minister KP Sharma Oli, is now preparing to take on the rebel MPs responsible for the fall of the government

Nepal: Foreign direct investment drops by 14 percent in FY 20-21

The disruption caused by the Covid-19 coupled with months-long political instability affected the flow of foreign direct investments in the last fiscal 2020-21 of Nepal,  with total FDI recorded a fall of around 14.81 percent in comparison to the previous year