The rise of women’s cricket in Nepal: A story of triumph and tenacity

The performance of the Nepali Women’s Cricket team in the recently concluded Yamaha Racing WT20I Triangular Series has been a

Why the bill to ‘regulate’ social media should be either totally revised or withdrawn

There is no denying that social media misuse has increased in recent years. The rise of misinformation, cybercrimes, and online

Why wetlands should be saved

Wetlands, one of Earth’s most productive ecosystems, provide vital ecological, economic, and cultural benefits. Acting as natural water filter, carbon

Re-thinking Energy: Biomass modernization and electrification in Nepal

Nepal has undertaken huge projects for the nation’s electrification, identifying hydroelectricity as a major energy source given its river-rich mountainous

Rethinking Kathmandu through fluid boundaries of imagination

Kathmandu faces growing challenges from rapid urbanization, environmental degradation, traffic congestion, life-threatening pollution, and resource shortages. As the city grapples

Remittance inflow increases 4.1 percent in last six months

Kathmandu: Remittance inflows increased 4.1 percent to Rs.763.08 billion in the review period compared to an increase of 22.2 percent in the same period of the previous year, according to Nepal Rastra Bank (NRB) report ‘Current Macroeconomic and Financial Situation of Nepal.’ The report is based on six months data ending Mid-January, 2024/25.

In the US Dollar terms, remittance inflows increased 1.1 percent to 5.58 billion in the review period compared to an increase of 19.5 percent in the same period of the previous year. Net secondary income (net transfer) reached Rs.832.76 billion in the review period compared to Rs.799.54 billion in the same period of the previous year. The number of Nepali workers, both institutional and individual, taking first-time approval for foreign employment stands at 230,439 and taking approval for renew entry stands at 162,628. In the previous year, such numbers were 206,390 and 133,940 respectively. Services Net services income remained at a deficit of Rs.43.53 billion in the review period compared to a deficit of Rs.35.43 billion in the same period of the previous year.

Under the service account, travel income increased 5.1 percent to Rs.41.86 billion in the review period which was Rs.39.82 billion in the same period of the previous year. Under the service account, travel payments increased 9.7 percent to Rs.101.92 billion, including Rs.56.83 billion for education. Such payments were Rs.92.87 billion and Rs.58.95 billion respectively in the same period of the previous year, the Central Bank stated in its report.