Targeted Growth Unattainable: FinMin Bishnu Poudel

Feb 12, 2023 04:28 PM Merolagani

Deputy Prime Minister and Finance Minister Bishnu Poudel has said that the targeted economic growth of 8 percent could not be achieved in the current FY.

Speaking in the parliament, Finance Minister Poudel added that the tightening of imports and constricted supply has affected the revenue collection and ultimately the economy.

Moreover, the policies adopted by the world economy have created new challenges for the country, he said.

As per Poudel, the inflation rate of the country has reached to 7.26 percent contradictory with the 7 percent estimated by the budget.

 

comments powered by Disqus

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.