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Nepal's growth to drop to 3.4% this year: World Bank

Nepal's growth to drop to 3.4% this year: World Bank

From an expected 5 per cent, GDP growth is expected to drop to 3.4 per cent this year and to tick up to 3.7 per cent in 2016.

Nepal slashes economic growth forecast

Absence of a full budget coupled with feeble capital spending in the second half of the current fiscal year have been attributed as the major reasons for the decrease in the forecast, reported Xinhua.

Nepal postpones plan to introduce budget through ordinance

Nepal's Maoist-led caretaker government Monday postponed its plan to introduce a budget through an ordinance until the Deepawali holidays are over.

China, India can spur Nepal economy: Chinese envoy

Being located between China and India can be a driving force for Nepal`s development, China`s ambassador Yang Houlan said.

CII offers to push Nepal's economic development

Leading business lobby Confederation of Indian Industry (CII) has offered all help for Nepal's economic development.

Nepal to seek $1 billion soft loan from India: Nepal PM

Bhattarai said he would like to focus on increasing economic cooperation and development with India.