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Nepal Iron Rod Producers Association says govt’s policy will force industries to shut down

KATHMANDU: The Nepal Iron Rod Producers Association has said that provisions in the latest budget will force the industry to shut down. Following the increase in customs duty on raw materials in the budget presented by Finance Minister Barshman Pun in Parliament on Tuesday, the Association held a press conference in Kathmandu to inform the […]

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Over 35,000 small industries added in six years in Gandaki Province

GANDAKI, FEBRUARY 26: A total of 35,716 cottage and small industries have been registered in Gandaki Province in the last six years. According to the statistics of the Ministry of Industry, Tourism, Forestry and Environment, 32,994 businesses were registered during the same period. Small, cottage and micro industries are registered at the tourism and industry […] The post Over 35,000 small industries added in six years in Gandaki Province appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

Aarthik News English माघ २०८०

Sugar industries facing sugarcane shortage

NAWALPARASI, FEBRUARY 15: Sugar industries in Nawalparasi West have been facing a shortage of sugarcane, the main raw material for the industries. As a result, the sugar industries here have not been able to operate at full capacity. Since sugarcane production was not as expected in Nawalparasi West the sugar industries are forced to purchase […] The post Sugar industries facing sugarcane shortage appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

Aarthik News English माघ २०८०

Electricity again supplied to 23 industries

KATHMANDU, JANUARY 14: Since last Friday, the power supply has been resumed to 23 industries by the Nepal Electricity Authority (NEA). Three weeks back, the supply was cut down due to their failure to pay outstanding fees for using dedicated feeders and trunk lines. However, the NEA again reconnected the electricity lines following the direction […] The post Electricity again supplied to 23 industries appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

Aarthik News English मंसिर २०८०

Over 170 industries registered in five months

KATHMANDU, JANUARY 3: In the first five months of the current fiscal year, 172 industries national and foreign- have been registered, according to the Department of Industry. Of them, 21 are big, 14 medium, 137 small. Their total investment is estimated at Rs 98.93 billion and they will employ 12,767 people. Of the total investment, […] The post Over 170 industries registered in five months appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

Aarthik News English मंसिर २०८०

Call for declaring micro, cottage and small industries as priority sector

Declaration of the micro, cottage and small industries as a priority sector like agriculture has been demanded in order to build a self-reliant economy and reduce the trade deficit. At a policy-level talks programme organised by the Federation of Nepali Cottage and Small Industries here today, stakeholders pointed out that these types of industries, which […] The post Call for declaring micro, cottage and small industries as priority sector appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

Aarthik News English कार्तिक २०८०

Child labor declining in carpet and garment industries: Study

KATHMANDU, Jan 25: A study carried out in the carpet and garment industries shows that child labor is declining. The study recently done by Assistant Lecturer of Nepal Commerce Campus and researcher Dilaram Bhandari shows that the use of children below 18 years at carpet industries and garment industries has declined by 6.66 percent and 1.63 percent respectively. The study was conducted as part of a program of the Ministry of Labor, Employment and Social Security with technical support of the Central Bureau of Statistics. The use of child labor below 18 years, which was 50 percent in carpet industries in 1993, has dropped to 6.66 percent in 2021, said researcher Bhandari. The study was carried out at 290 carpets and 183 garment industries of 20 districts, he shared. Bhandari added that child labor is decreasing every year due to social awareness and education. The study was carried out on the issues—gender, age, region, income, education and social security of 8,483 workers working in the production sector of industries, he shared. Around 4.75 percent of Indians were found working in these industries while 0.02 percent were from other countries and the remaining were Nepali workers. The study shows that out of Nepali laborers, a majority were from the Tamang, Magar, Gurung and Sherpa communities. Saying out of the laborers, the number of laborers from 20-49 years was 80 percent and they worked 52 hours on average in a week, Bhandari mentioned that the working hours are somehow more than the stipulated by the Labor Act of Nepal. Nepal’s law has determined an average of 48 hours in a week. The monthly income of males working in carpet industries is Rs 15,923 per month while it is Rs 17,632 in garment industries, Bhandari shared.

Ratopati English पौष २०७८

Chamber urges Germany to invest in Nepal

Nepal Chamber of Commerce has urged Germany to invest in physical infrastructure and industries that can promote exports.

Nepalnews पौष २०७८

NRB's monetary policy targets to revive hotel, tourism, aviation sectors

The Nepal Rastra Bank has launched the Monetary Policy for the fiscal year 2021/22 with an objective to revive and promote COVID-19 affected industries and enterprises.

Nepalnews आषाढ २०७८

Contribution of small and cottage industries much to economy: Governor Adhikari

KATHMANDU, June 22: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said there was significant contribution of small and cottage industries in the national economy. During a virtual interaction with the officials of the Federation of Nepali Cottage and Industries on Monday, Governor Adhikari viewed, "There are a lot of small and mid-scale industries which contribute much to the country's economy." NRB has kept this sector in priority in its policy, he shared, asserting that the monetary policy of the current fiscal year was intended to bring historic change. On the occasion, Federation Chairman Shyam Giri demanded the Governor to exempt the interest of the loan during the period of lockdown. He further said the refinancing work procedure should be re-written in case of small industries. The Federation could be one of the stakeholders to re-write the work procedure of refinancing. Former Chairpersons of the Federation, Suresh Pradhan and Lata Pyakurel and senior Vice Chairperson Umesh Prasad Singh, among others demanded the NRB to pay heed to the small and cottage industries.

Ratopati English जेष्ठ २०७८