Follow The Himalayan Times on According to police, the arrestee has been identified as Susan Rai (21) of Gaighat Bazaar of the district. When it comes to migration corridors, Nepal featured among the top 10 list for forming migration corridors with India and Saudi Arabia. On the occasion, a yoga exercise session was organised at Prime Minister's residence in Baluwatar which saw the presence of Prime Minister KP Sharma Oli, Ministers, high-level government officials, yoga gurus and pra Read More... GAIGHAT: Police arrested a person for possessing illegal pharmaceutical drugs in Udayapur, on Wednesday. Email notification sign-up. Despite all economic difficulties caused by 88 days long lockdown, Nepal is expected to grow in the coming fiscal year by 2.3 percent. Of the total cases,161 are females while 242 are males. ), Dr. Rukmini Banerji & Ms. Bhavna Jolly | SAM Conversations, Shabana Azmi: A renaissance artist on her life and career, Operation X | Col Anil Bhat, Cdr Vijai Kapil, Petty Officer Chiman Singh, Mr. Sandeep Unnithan | SAM, Frank Islam in conversation with Baroness Jan Royall | Washington Calling, Frank Islam in conversation with Amb Richard Verma (retd) | Washington Calling, Frank Islam in conversation with Shivshankar Menon, former Indian NSA | Washington Calling, A priceless collection of 200 years of Indians writing prose and poetry in English, Priyanka Chopra's memoir 'Unfinished' to release on Feb 9, 'An encyclopaedic history of Subcontinent', SAM Podcast with Amb. Bangladesh’s economy- the fastest-growing before the COVID crisis- decelerated by 2 percent for the same period. Additional stress on domestic banks in the region could be triggered by the economic consequences of a more protracted recovery from the pandemic, which in turn could lead to a rise in bankruptcies and weaken the balance sheets of the banking and non-banking sectors among several economies of the region (Bangladesh, Bhutan, India and Sri Lanka). The country is expected to grow by just 0.5 percent. GDP per Capita in Nepal (with a population of 27,632,681 people) was $777 in 2017, an increase of $47 from $730 in 2016; this represents a change of 6.5% in GDP per capita. Nepal's GDP expected to grow by 2.3% in 2020 and 1.5% in 2021 – ADO 2020 Update Nepal's inflation rates forecasted at 6.2% in 2020 and 5.5% in 2021 – ADO 2020 Update In Pakistan, the recovery is expected to be subdued, with growth at 0.5 per cent in fiscal 2020- 21. Current GDP per Capita (LCU Billions) 77,459 80,947 93,793 101,256 109,009 Current GDP Annual Growth Rate (%) 8.4% 5.8% Acting on a special tip-off, a special team of police arrested Rai and seized 27 a Read More... WASHINGTON: The National Highway Traffic Safety Administration (NHTSA) on Wednesday asked Tesla Inc to recall 158,000 Model S and Model X vehicles over media control unit (MCU) failures that could pose safety risks by leading to touchscreen displays not working. The region is projected to grow by 3.3 per cent in 2021. Facebook. Also Show. Activity rebounded in the second half of last year, led by industrial production, as initial stringent lockdowns were eased. Globally, 1.98 million people have lost their lives to Covid-19 while more than 92 million people have been infected by the novel coronavirus. In India, growth is expected to recover to 5.4 per cent in 2021, as the rebound from a low base is offset by muted private investment growth given financial sector weaknesses. Cur Read More... KATHMANDU: Nepal on Thursday reported 403 new cases of coronavirus infection from across the country. Output in the region contracted by an estimated 6.7 per cent in 2020, reflecting the effects of the pandemic and nationwide lockdowns, particularly in Bangladesh and India. In the financial sector, non-performing loans were already high before the pandemic. Population of Nepal (2020) View live population, charts & trends: Population of Nepal. This is in contrast with past growth that averaged 4.1 percent a year between FY2007 and FY2016. GDP Annual Growth Rate in Nepal is expected to reach -3.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. Nepal Population. These figures show that the country has been able to alleviate some of the problems of poverty in Nepal. To support economic recovery, authorities also need to facilitate a re-investment cycle aimed at sustainable growth that is less dependent on government debt. Modify your profile. In Bangladesh, which had been one of the fastest growing emerging market and developing economies prior to the pandemic, growth is estimated to have decelerated to two per cent in fiscal 2019-20. Top near-term policy priorities are controlling the spread of COVID-19 and ensuring rapid and widespread vaccine deployment. ”Hit hard by COVID-19, South Asia is forecast to contract by 3.0% in 2020, compared to 4.1% growth predicted in April,” said Asian Development Bank in its report. Only about 20% of the total area is cultivable; another 40.7% is forested (i.e., covered by shrubs, pastureland and forest); most of the rest is mountainous. Industrial activity mainly involves the processing of agricultural products, including pulses, jute, sugarcane, tobacco, and grain. Nepal | December 23, 2020 E-Paper Weak growth prospects reflect a protracted recovery in incomes and employment, especially in the services sector, limited credit provisioning constrained by financial sector vulnerabilities, and muted fiscal policy support. Risks to the outlook are tilted to the downside, the World Bank has cautioned. source: World Bank. Nepal, with 29.2 percent remittances as a share of GDP, was also among the top 10 recipients in 2014. Likewise, 405 people who were earlier infected with the virus are rep Read More... KATHMANDU: The nationwide coronavirus death-toll has advanced to 1,943 with six more fatalities reported on Thursday. Comes to migration corridors with India and Saudi Arabia with this, the World Bank cautioned... 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