KATHMANDU Jan 11: The World Bank Group has revised down the growth forecast for Nepal by nearly one percentage point to 4.6 percent for the current fiscal year 2017/18.

Launching the global economic prospects on Wednesday, the Washington-based organization revised down its own economic growth forecast in June last year by 0.9 percentage point.

However, the World Bank had already said in its Nepal Development Update -- a half-yearly publication to report on key economic developments of Nepal--in September last year that the growth is expected to moderate to an average of 4.6 percent in the current fiscal year partly due to severe floods in the southern plains of the country in mid-August last year.

The new report released on Wednesday also reiterates that the growth after a strong rebound in the last fiscal year is going to moderate to the decade-long average level.

“In Nepal, following the strong recovery in 2017, growth is expected to moderate owing to infrastructure bottlenecks, regulatory challenges, and lower agricultural output,” states the flagship report of the World Bank Group entitled 'Global Economic Prospects: Broad-Based Upturn, but for How Long?'

Source: Republica

Corporate News

Parliament body asks govt to solve problem of multiple taxation

KATHMANDU, Aug 15: Parliament’s Finance Committee on Tuesday issued directions to the government to take the lead in solving the chronic problem of multiple taxation by the three tiers of government, as well as the exorbitant hike in tax rates.

Read more ...

Trade deficit surged five-fold in last decade

Kathmandu, August 5 - The country’s trade deficit jumped five folds in the last decade as imports have been skyrocketing and exports have slowed to a crawl in the review period.

Read more ...

Commercial banks yet to reach 122 local units

KATHMANDU, July 29: According to the latest data of the Nepal Rastra Bank (NRB), commercial banks have opened their branch offices in 631 local units so far, leaving 122 local units without their coverage.

Read more ...

Currency war can end global US dollar dominance & those who own gold have power

MOSCOW, June 24: The world is facing a currency war and the only hedge against the crash of the US dollar is real gold, a precious metal analyst has told RT. With geopolitical power shifting from West to East, US dominance may be ending.

Read more ...
Symbol % Change Last Price Turnover
IGI 7.2973 397.0 352,720.0
API 5.6738 149.0 2,254,309.0
SLICL 3.9261 450.0 1,225,598.0
PFL 3.9063 133.0 341,863.0
GLICL 3.4926 563.0 1,692,704.0
Symbol % Change Last Price Turnover
KMCDB -7.4300 760.0 184,245.0
MSMBS -5.6881 514.0 34,187.0
UMHL -4.5113 127.0 33,287.0
KEBL -4.4280 259.0 529,734.0
RRHP -3.7383 103.0 82,760.0
Symbol % Change Last Price Turnover
NMB 1.4245 356.0 44,637,965.0
NBL 0.6897 292.0 33,249,614.0
GBIME 0.6410 314.0 17,722,007.0
MBLPO 0.0000 130.0 16,754,530.0
PRVU 0.8403 240.0 16,004,646.0