Starting March 1, Indians have been allowed to make payments for purchases through their mobile phone, but Nepal is still working on the daily transaction limit. The digital payment arrangement with China is also unidirectional.

Huge reserves mean lack of investment and may lead to further decline in economic growth, say experts.

Men benefit from state subsidies, particularly those meant to help women become independent entrepreneurs.

A reciprocal payment service for Nepalis visiting India has been delayed for unspecified reasons.

The country is heavily reliant on imports from India, which is already experiencing soaring shipping expenses.

The state-owned Dairy Development Corporation and private dairy firms have yet to pay farmers around Rs6 billion citing sharp drop in consumption.

Brett King, an Australian futurist, says rapid digital development in China and India would enable Nepal to become a cashless society by early 2030.

Poverty fell from over 25 percent in 2011 to just over 20 percent in 2023, says the Fourth Living Standard Survey.

Nepal imported automobiles worth Rs36.31 billion in first half of the current fiscal. EVs accounted for Rs12.73 billion.

As per the working procedure, loans of up to Rs2.5 million will be provided to the start-ups at 3 percent annual interest.

Around 99.97 percent of real estate transactions are informal, study says.

Upendra Prasad Poudel, chairman of Nabil Bank, on sustainable businesses, providing financial services to underserved communities, and managing financial risks related to climate change and other sustainability challenges.

Leading Asian exporters expect sustained high prices so long as Delhi continues its ban.

At present, the major market for Nepali CTC tea or black tea is India. Nepal exports around 90 percent of its orthodox tea and 50 percent of its CTC tea to India at low price tags.

The bilateral trade treaty was automatically renewed in November without addressing several of Nepal’s concerns.