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Experts urge govt to bring forth a realistic budget for the next FY

KATHMANDU, April 8: Economists have urged the government to come up with a realistic budget while announcing the financial plan for the next fiscal year. ....

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Nepal expects 5.8% growth as COVID-19 cases fall – minister

By Gopal Sharma KATHMANDU (Reuters) - Nepal's economy is expected to expand by 5.8% in the current financial year ending mid-July, helped by a pick-up. ....

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Hit by COVID-19 curbs, Nepal's economy contracts for first time in decades

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KATHMANDU, March 5 (Reuters) - Nepal’s economy contracted for the first time in four decades in the last fiscal year due to a months-long lockdown to contain the COVID-19 pandemic, officials said on Friday.
Nepal, wedged between China and India, ordered a strict lockdown in March last year, completely shutting down virtually all economic activity for nearly four months to curb the spread of the novel coronavirus.
Ishwari Prasad Bhandari, a senior official of the government’s Central Bureau of Statistics (CBS) said Nepal’s GDP shrank by 1.99% in the year ending July 15. It grew by 6.75% in the previous year. ....

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Hit by Covid-19 curbs, Nepal's economy contracts for first time in decades

Hit by Covid-19 curbs, Nepal's economy contracts for first time in decades
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