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Nepal

World Bank expects 5.1 pc growth for Nepal

The bank is expecting Nepal's private sector to contribute more to its growth by taking advantage of the central bank's loosening of monetary policies and easing of regulatory requirements

US-Nepal Compact

A meeting of the ruling coalition has now decided to ratify the MCC agreement by incorporating the Government’s answers and “interpretative declaration” of the questions raised in Parliament. That declaration had stated that Nepal will not be part of the US-led Indo-Pacific Strategy. Nor for that matter will Nepal be part of any military alliance.

Nepal must salute its migrant workers

In 2021, tourist arrivals were 149,833, versus record 1.2 million in 2019; last month, 16,975 tourists were welcomed. To preserve the depleting reserves, the central bank in recent months has introduced several measures to discourage imports. This is a Catch-22.

Nepal’s mountaineers deserve better

The statistics published by the Department of Tourism in 2020 show that 171,937 people among the total number of tourists who visited Nepal came for mountaineering and trekking purposes. Even though the number of mountaineers and trekkers is on the rise, no study has been done to determine whether the current number of mountaineering staff is sufficient to handle the growing number of mountaineers.

Lacking support, Nepal’s tea refuses to grow

Lack of adequate and regular training and facilitation has always acted as a motivational dampener to tea farmers. For a long time, due to lack of Nepal's own independent home brand names, most of the tea that is exported to India is sold under other brand names.