FNCCI and IFC join hands to produce a report on state of private sector in Nepal

KATHMANDU, Oct 15: International Finance Corporation (IFC) and the Federation of Nepalese Chamber of Commerce and Industries (FNCCI) have agreed to collaborate on examining the state of the private sector in Nepal to showcase the private sector’s contribution to the economy and help inform policy making for private sector development.

सम्बन्धित सामग्री

Govt, private sector hold discussions vis-a-vis Investment Summit

KATHMANDU, MARCH 19: Minister for Industry, Commerce and Supplies, Damodar Bhandari, has held discussions with the private sector representatives regarding the upcoming Nepal Investment Summit. In a meeting with the representatives of the Federation of Nepalese Chambers of Commerce and Industry and the Confederation of Nepalese Industries, Minister Bhandari talked about making laws to create […] The post Govt, private sector hold discussions vis-a-vis Investment Summit appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

Govt to seek suggestions from private sector to revitalize economy

KATMANDU, NOVEMBER 21: The government is going to collect feedback and suggestions from the private sector on the possible measures to further revitalize the economy of the country. This decision was taken at a meeting held at the Prime Minister’s residence Baluwatar yesterday evening evening to discuss the current status of the economy of the […] The post Govt to seek suggestions from private sector to revitalize economy appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

Private Sector signs agreement to sell 200 MW of electricity to India

KATHMANDU, April 19: Companies promoted by the private sector of Nepal and India have made an agreement for electricity trade. In the 'Power Summit' that started yesterday in Kathmandu, the private sector of Nepal and India have signed an agreement to sell electricity up to 200 megawatts.

FNCCI & IFC prepares joint report to support policymakers

The FNCCI & IFC are joining hands to prepare a report, assessing the status of the private sector in Nepal and recording the contribution of this sector to the national economy.

Private sector supplies 80 percent of seeds

More than 80 percent of seeds are supplied by the private sector in Nepal

The growing popularity of elderly care homes in urban Nepal

Care homes are giving a sense of relief to those worried about monophobia. Keeping it in mind, private sector has introduced care homes in Nepal. The post The growing popularity of elderly care homes in urban Nepal appeared first on OnlineKhabar English News.

Govt preparing to let the private sector also trade electricity

The government is preparing to let the private sector also trade electricity. This decision will end the monopoly of the government-run Nepal Electricity Authority in electricity trade in the country. The post Govt preparing to let the private sector also trade electricity appeared first on OnlineKhabar English News.

Private sector demands endorsement of MCC deal

Three big private sector business associations have called for the endorsement of the Nepal-US Millennium Challenge Corporation (MCC) deal signed in 2017. The post Private sector demands endorsement of MCC deal appeared first on OnlineKhabar English News.

Budget has addressed demands of private sector: NNEF

KATHMANDU, June 1: The Nepal National Entrepreneurs Federation (NNEF) has said the budget for fiscal year 2021/22 has addressed the demands of the private sector.  Federation president Naresh Katuwal, through a press release on Monday, said the statement of estimated income and expenditure for fiscal year 2021/22 has tried to incorporate the demands of the private sector to large extent. Finance Minister Bishnu Poudel presented the budget on May 29. "Although the budget is overall good, its implementation aspect is very challenging. The government should give special attention for the implementation of the budget," Katuwal said.  The Federation stated that provisions as the waiver of renewal or permit tariff payable in the next fiscal year of entrepreneurs affected by the COVID-19 pandemic, providing to the hotel and tourism sector facilities at a par with the production industry, removal of the VAT in travel and trekking package are the positive aspects of the budget. Similarly, it is a positive aspect of the budget to exempt the renewal fees and to provide concession on the income tax of COVID-19 hardest-hit 2.9 million small, cottage and micro enterprises. The NNEF has demanded that the monetary policy for the next fiscal year to be introduced by the Nepal Rastra Bank should also facilitate more the provisions contained in the budget so as to address the all types of enterprises and industries affected by the COVID-19 pandemic.