Nepal Rastra Bank (NRB), the central bank of Nepal, Governor Maha Prasad Adhikari on Tuesday called for higher investments from India to overcome the challenges posed by the COVID-19 crisis.
PHD Chamber of Commerce and Industry (PHDCCI) in association with the country s largest lender State Bank of India (SBI) has started an industry outreach programme to help small and micro enterprises (SMEs) affected by COVID-19 pandemic in Haryana.
India-Nepal Centre (INC) and in association with the Confederation of Nepalese Industries (CNI) and Nepal SBI Bank Ltd (NSBL), PHD Chamber of Commerce and Industry (PHDCCI) hosted the India-Nepal Startup Summit 2022.
Nepal is facing an unprecedented crisis, with the double whammy of political instability and COVID-19 pandemic. Since the lower house has been dissolved and PM Oli is heading a caretaker government till the elections in November takes place or till the Supreme Court’s next ruling on the validity of his continuance, a concerted official action in this crisis phase seems implausible. This adverse situation calls for an urgent attention from its friendly neighbours, India and other countries, that can respond positively at this critical point in time. Nepal, a landlocked country which relies primarily on imports, failed miserably to secure enough basic medical drugs and vaccines. While it received the complimentary one million doses of Covishield vaccine from India under the COVAX facility and the first installment of one million procured doses from India, the remaining doses were not delivered by the Serum Institute of India (SII) and now those who have taken the first dose, are