Remittance Inflow Declines by 4.9% in 7mths

Mar 11, 2022 03:01 PM Merolagani

In the first seven months of the current FY, the remittance inflow decreased by 4.9 percent to Rs.540.12 billion.

As per the current Macroeconomic and Financial Situation of Nepal based on seven months’ data published by Nepal Rastra Bank, the remittance inflow  had increased by 10.9 percent in the review period of the last FY.

Similarly, the number of Nepali workers (institutional and individual-new and legalized) taking approval for foreign employment increased significantly to 200,102 in the review period. It had decreased 85.4 percent in  the same period of the previous year.

Likewise, the number of Nepali workers (Renew entry) taking approval for foreign employment increased 265.9 percent to 152,325 in the review period. It had decreased 73.1 percent in the same period of the previous year.

Moreover, the net transfer decreased 4.2 percent to Rs.603.73 billion in the review period. Such a transfer had increased 8.9 percent in the same period of the previous year.

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Himalayan Distillery’s Net Profit Declines by 39.5%

May 03, 2024 08:49 AM

Himalayan Distillery (HDL) has published its third quarter report of the current FY. As per the report, the company recorded a decline in sales during the review period compared to the corresponding period of the last FY.