EU expansion to mean new markets for India Agence France Presse New Delhi, April 28: The historic expansion of the European Union (EU) from 15 to 25 members on May 1 is likely to open a huge untapped market for trade with India, industry officials said today. The EU is India’s largest... 28 Apr, 2004
WB may heed India’s plea to raise its ODA Himalayan News serviceWashington, April 26:The World Bank appears sympathetic to India’s plea to raise further its Official Development Assistance (ODA) of about $4 billion a year to sustain the country’s newly-acquired high growth path. An... 26 Apr, 2004
BIZ BRIEFS US jobs eroded by NAFTA’WASHINGTON: Rural workers from a small community in the southern US state of North Carolina say their county has been devastated by unemployment, blaming NAFTA and other free trade accords for their plight. Displaced workers... 22 Apr, 2004
Indian exports achieve 17.3 per cent growth Himalayan News ServiceNew Delhi, April 18:Indian exports grew by 17.3 per cent in the fiscal year ended on March 31 over the previous year, bettering the government’s target of 12 per cent, said an official statement issued today.The statement said... 18 Apr, 2004
Nepal’s GDP growth rate projected at 3.5 per cent Himalayan News Service Kathmandu, April 16: Nepal’s Gross Domestic Product (GDP) is expected to grow by 3.5 per cent during the fiscal year 2004, as economy recovered and grew by 2.4 per cent in 2003, following a marginal contraction during the... 16 Apr, 2004
NRB to survey family budget Rup Narayan DhakalPokhara, April 11: Nepal Rashtra Bank (NRB) is to survey the fourth family budget in the coming fiscal year to make the price index lucid and easy to understand. Jhalak Sharma Acharya, deputy-director of the price index investigation... 11 Apr, 2004
Growth not enough Some of the South Asian countries may have achieved encouraging rates of economic growth, for example, India, which is moving along at well over a 5 per cent annual growth rate. But high growth does not necessarily ensure a similar increase in the... 05 Apr, 2004
Nepal needs to diversify trade with China for more options Himalayan News ServiceKathmandu, April 2:Governor of Nepal Rastra Bank (NRB), Dr Tilak Rawal while speaking at the pre-consultation forum in the run-up to the Nepal Development Forum (NDF), has said that Nepal needs to diversify trade with China to... 02 Apr, 2004
BIZ BRIEFS New rice varietyKATHMANDU: Hardinath-1 (BG1442) paddy has been recommended for this harvesting season for terai and inner-terai. A meeting of variety approval, release and registration sub-committee at the National Seed Board recommended the rice on... 02 Apr, 2004
Japan holds its export-led economic recovery steady Agence France PresseTokyo, March 15:The Koizumi government today maintained its view the world’s second-largest economy is continuing to recover steadily, led by solid exports and corporate spending, while indicating personal consumption is finally... 15 Mar, 2004
National horticulture workshop to focus on technology enhancement Himalayan News ServiceKathmandu, March 1, The fourth national horticulture workshop, scheduled to be held from March 2-4 in Lalitpur, will delve into issues related to horticultural technology and how best to use it for enhancing the livelihood of... 01 Mar, 2004
Debt trap Nepal’s debt burden has reached explosive proportions. Finance Minister Prakash Chandra Lohani, who has from time to time painted a promising picture of the economy since he took over the finance minstry, disclosed this while speaking at a programme... 12 Feb, 2004
