Corporate Finance
four billion, thirty-five crores in irrigation and energy losses
Irrigation Minister Deepak Khadka announced that details of damage in the energy sector and 1.35 billion in the irrigation sector have been received and are still being collected.
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20 private sector initiatives incurred a loss of 2 billion 31 crores.
Rain since last Thursday has caused significant damage to 20 private sector hydropower projects and over half a dozen government projects.
80% rights offered, dividend announcement of Rs. Rs. hydroelectric
From the total profit from the most recent fiscal year, 2080/081, the hydropower project has declared a dividend.
An investment of 80 million has been obtained.
In July, Nepal Rastra Bank reported a total of 799.8 million rupees in foreign direct investment, totaling 800 million rupees for the first month of the current financial year.
In only one month, the number of mobile banking customers climbed by 3 lakh, with over 3 trillion 77 billion in transactions.
Nepal Rastra Bank reported a surge in mobile banking users, reaching 246,488,848 by the end of June, from 24.9 million in July to 61 thousand 165 by June.
The Minister of Agriculture has been instructed to gather actual data on the damage caused to the agricultural sector.
Agriculture and Livestock Development Minister Ram Nath Adhikari has instructed ministry officials to devise a new strategy after assessing the extent of the agricultural sector's damage.
With all of its might, the government will confront the situation: Minister of Finance
Following his visit to China, he emphasized the importance of collective action and urged everyone to cooperate and be patient.
DDC is credited with Rs. 600 million to pay dairy producers.
The Nepal government has provided Rs600 million in credit to state-owned dairy to settle outstanding farmers' dues ahead of Nepal's largest festival.
China has pledged to increase its tourist arrivals in Nepal by declaring 2025 as the 'Visit Nepal Year in China'.
Nepalis no longer pay visa fees to China since May 1, 2024, promoting friendship and people-to-people diplomacy between the two nations.
Some indications of a strengthening economy, but most still point to worse
The International Monetary Fund (IMF) and the Asian Development Bank (ADB) have both announced that Nepal's economy is improving.
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Builders receiving only 25% of their government-mandated liabilities
The government has promised to prioritize unpaid builders' amounts in the current financial year, but only a quarter of them have been paid thus far.
We must align our actions with what foreign investors anticipate from us: The Governor
Governor Mahaprasad Adhikari emphasized the need for coordination between foreign investors' expectations and our actions.
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