Kathmandu, July 26 - The government has sent a proposal to the Indian government expressing interest to purchase 935,000 tonnes of fertilisers over the next five fiscal years.

.In a bid to ensure easy import and supply of fertilisers from India, the Ministry of Agriculture, Land Management and Cooperatives (MoALMC) has proposed the Indian government to supply the given amount of fertilisers under the ‘government-to-government’ scheme from this fiscal year until 2022-23.

Nepal’s agriculture sector is fully dependent on India and a few other countries for fertilisers. As per MoALMC officials, the government-to-government level agreement with India regarding supply of fertilisers intends to avoid the possible shortage of different types of fertilisers in various seasons.

The government has projected that the country would require almost 1.9 million tonnes of fertilisers in the next five years, of which it plans to purchase 935,000 tonnes from India.

Under its plan, the government will purchase 150,000 tonnes of fertilisers from India in the current fiscal year, 170,000 tonnes in fiscal 2019-20, 195,000 tonnes in fiscal 2020-21 and 210,000 tonnes each in 2021-22 and 2022-23 fiscal years.

Of the total amount of fertilisers being purchased from India over the next five fiscal years, 565,000 tonnes would be urea and 370,000 will be diammonium phosphate (DAP).

Source: The Himalayan Times

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
NIBLPF 12.5000 9.0 11,773.0
UFL 7.9470 163.0 110,317.0
SINDU 5.1724 122.0 72,000.0
SFFIL 3.9370 264.0 13,150.0
NSEWA 3.8674 564.0 11,170.0
Symbol % Change Last Price Turnover
KPCL 121.0 160,570.0
PMHPL -5.5556 136.0 1,774,960.0
SHL -2.8571 238.0 2,996,040.0
HDL -2.0000 1,470.0 295,000.0
DHPL -1.9608 100.0 2,000.0
Symbol % Change Last Price Turnover
MEGA 0.5025 200.0 16,444,458.0
NICA 0.9368 431.0 15,126,056.0
NMB 2.2989 356.0 13,836,938.0
JBNL 2.7322 188.0 12,000,455.0
NLIC -0.8529 930.0 11,667,641.0