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Economic Renewal: The Time Is Now for Privatizing Public Enterprises

Despite substantial government support in the form of loans, subsidies, and extensive investments, the financial health of Public Enterprises remains precarious. Over the last five years, loss-making public enterprises have witnessed an astonishing 6361.5% increase in losses reaching Rs 41.48 billion in 2021/22, while profit-making companies have experienced a 2.4% decrease in profits even as their numbers expand reaching Rs 43 billion in the same year. ....

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Economic Renewal: The Time Is Now for Privatizing Public Enterprises

The establishment of public enterprises, both on a global scale and within the unique context of Nepal, has been a pivotal chapter in the annals of economic development. In the post-World War II era, a surge of state-owned enterprises (SOEs) emerged worldwide, driven by a myriad of motivations and expectations to address market failure. ....

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NEA becomes most profitable public organization surpassing Nepal Telecom

KATHMANDU, May 29: Nepal Electricity Authority (NEA) has earned more profit than Nepal Telecom. In the Fiscal Year (FY) 2022/23, the state-owned power utility earned Rs 13.37 billion net profit, while the profit of Nepal Telecom has been limited to Rs 8.47 billion. ....

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9 medical devices that every Nepali household should possess

9 medical devices that every Nepali household should possess
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Nepal didn't have any sanitiser company until last year. Today, it has 26 – OnlineKhabar English News

Kathmandu, April 25
When Nepal faced the first wave of the Covid-19 pandemic in March 2020, there was not a single company in the country that would produce hand sanitiser. One year down the line, the country now has 26 registered companies involved in the production.
The Department of Drug Administration, the country’s drug regulator, says no company had sought permission for the production of sanitiser until last year. But, in the past months, 26 including the government-run Nepal Aushadhi Limited have got the permits, informs its information officer Santosh KC.
There are many other companies interested, informs KC.
“The market for sanitiser was not developed before Covid-19 because I don’t know any instance of regulating this product,” Narayan Prasad Dhakal, the chief of the department during the first wave of the pandemic says, “Last year, we specified standards for this and opened the way for its manufacturing in Nepal.” ....

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