Report

Nepali Private Sector – Driving the Economy Amid ChallengesNepali Private Sector –

Nepal’s private sector contributes 81.55 percent to Nepal’s GDP, making it a crucial driver of economic growth the HRM Biratnagar Jute Mill was established in 1936 as the first industry in Nepal. Founded by the late Shree Ramlal Golchha, the patriarch of the Golchha family, the jute mill heralded an era of organized private investment …

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Nepal Strives for Bigger Gains in Access to Formal Financial Services

The expansion of BFIs, SACCOS, and insurance companies have helped to increase Nepalis’ access to formal financial services the HRM N epal has made significant strides in advancing financial inclusion, with 90 percent of the country’s adults using formal channels for financial transactions. According to a joint report by the International Finance Corporation (IFC) and …

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National Census 2021 – A Significant Shift in the Lifestyle of Nepalis

The final report of the National Census 2021 shows the improved living standard of Nepalis with the increasing use of modern technologies, automobiles, and appliances over the past decade.  the HRM There has been a significant improvement in the living standard of Nepalis as the latest report of the 12th National Census shows that the …

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World Bank, ADB Warn of Challenging Days Ahead for Nepal

Both the World Bank and the Asian Development Bank (ADB) have estimated that Nepal’s economy will grow by 4.1 percent in 2023 the HRM Nepal’s economic growth in 2023 is projected to slow basically due to tighter monetary policy, slackened domestic demand, the unwinding of the Covid-19 stimulus, and persistent global headwinds. The two multilateral …

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Challenges Surround Automobile and Smartphone Business

For automobile and smartphone businesses, the situation has not improved even after the lifting of import restrictions as they face new challenges stemming from the economic downturn and government policies. the HRM After eight long months, the government in December lifted the restrictions placed on the import of ‘luxury goods’. However, this easing has come …

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