balance of payments ruined by imports

26 December, Kathmandu. The Nepal Mane Corporation is paying 16 billion rupees to the Indian Mane Corporation on Monday. Corporation spokesperson Nagendra Prasad Sah says this is a normal process as Nepal has to pay for the purchase of diesel, kerosene, petrol and cooking gas. But the impact on the Nepalese economy is no less.… Continue reading balance of payments ruined by imports

Ghosts used as weapons to stop imports

Trucks entering Nepal carrying goods imported from India. 26 December, Kathmandu. Saying it affected the domestic manufacturing industry, India in December imposed anti-dumping duty on vehicle parts imported from China. Not only China, but also India has been imposing such tariffs from time to time to discourage imports from Nepal. Andy imposed a dumping tariff… Continue reading Ghosts used as weapons to stop imports

‘Need for change in import policy, need for change’

The growth rate of imports at present is worrying. We are promoting imports directly/indirectly. Today we have a trend of not investing and going into business to earn profit. Because it takes few years to get return on investment in the industry. Meanwhile, it is questionable whether imports have become a ‘mechanism’ of capital flight.… Continue reading ‘Need for change in import policy, need for change’

Investment of Rs 1.5 lakh crore in industry and Rs 6.38 lakh crore in imports in five years

December 22, Kathmandu. Nepal’s total foreign trade in the financial year 2063/06 was only Rs 273.36 billion. The share of imports was 213.92 billion and exports was 59.43 billion. In the same year 177 industries were established in Nepal. These industries, which are open to agriculture, forest products, infrastructure, energy, minerals, services and tourism, aim… Continue reading Investment of Rs 1.5 lakh crore in industry and Rs 6.38 lakh crore in imports in five years

Fat Imports: Increased Quantity or Price?

December 13, Kathmandu. Nepal imported goods worth Rs 838.40 billion in the first five months of the current financial year 2078/79. According to the customs department, only goods worth Rs 525.49 billion were imported during the same period last year. Although there is no significant increase in the volume of import of goods, the outflow… Continue reading Fat Imports: Increased Quantity or Price?

Ban on import of vehicles, furniture, cosmetics, liquor and chocolates without keeping cash in the bank

December 5, Kathmandu. Nepal Rastra Bank has taken more drastic measures to discourage imports. A new policy arrangement has been made by issuing a new circular to commercial and development banks on Monday. Now, while importing one and a half dozen items, the bank has to understand the mandatory 100 per cent margin set by… Continue reading Ban on import of vehicles, furniture, cosmetics, liquor and chocolates without keeping cash in the bank

Dependence on agricultural produce, import of Rs.

29 December, Kathmandu. It has been found that 200 billion rupees are spent annually on the import of agricultural products produced in Nepal. A study conducted by the National Planning Commission on Import and Export of Agricultural Commodities has concluded that Rs 200 billion is spent annually on the purchase of agricultural products such as… Continue reading Dependence on agricultural produce, import of Rs.

Complete ban on import of black pepper, maize and betel nut

September 13, Kathmandu. Nepal Rastra Bank has banned the exchange of foreign currency for the import of black pepper, maize and arecanut. Foreign exchange reserves have come under pressure due to the recent increase in imports. Following pressure on foreign exchange reserves, the National Bank of Nepal (NBN) had on September 29 issued a circular… Continue reading Complete ban on import of black pepper, maize and betel nut

Exports of Rs 65 billion in the third month, increase in imports

8 October, Kathmandu. There are signs of encouraging growth in commodity exports in the current financial year 2078/79. Exports of over Rs 65 billion in the first three months of the current fiscal are indicative of this. According to customs department data, the total amount till July-September is Rs 65.52 billion. This is an increase… Continue reading Exports of Rs 65 billion in the third month, increase in imports

Preparations to tighten the import of half a dozen items including gold and expensive vehicles

18 September, Kathmandu. The government has decided to tighten imports of expensive and luxury goods as the risk of economic imbalance has increased due to higher imports. The Nepal Rastra Bank (NRB) has said that it has started homework to stop imports of luxury items that have been imposed in the past and the quota… Continue reading Preparations to tighten the import of half a dozen items including gold and expensive vehicles