Export trade satisfactory: NRB   

  • पुस ५, २०७६
  • १८२ पटक पढिएको
  • pradeshportal
alt

     
    Kathmandu, Dec 21 (RSS):  Nepal Rastra Bank (NRB) has stated that Nepal's export trade has remained satisfactory in the four months of the current fiscal year 2076/77 BS (2019/20).    
In four months of 2019/20, merchandise exports increased 23.9 percent to Rs.36.28 billion compared to an increase of 11 percent a year ago. Destination-wise, exports to India increased 45.6 percent whereas exports to China and other countries decreased 6 and 4.7 percent respectively, Nepal Rastra Bank (NRB), the central bank, stated in its review of financial situation.    
Mainly exports of palm oil, cardamom, yarn (polyester and other), jute goods, medicine (ayurvedic), among others, increased whereas exports of zinc sheet, wire, readymade garment, juice, woolen carpet, among others, decreased in the review period.    
In four months of 2019/20, merchandise imports decreased 6.9 percent to Rs.450.30 billion against an increase of 35.8 percent in the same period of the previous year. Destination-wise, imports from China increased 12.8 percent whereas imports from India, and other countries decreased 10.9 percent and 8.7 percent respectively. Mainly imports of crude palm oil, other machinery and parts, hot rolled sheet in coil, electrical equipment, electrical goods, among others, increased whereas imports of M.S. billet, petroleum products, gold, aircraft spareparts, cement, among others, decreased in the review period.    
Based on customs points, exports from Birgunj Customs Office, Biratnagar Customs Office, Mechi Customs Office, Tatopani Customs Office and Kanchanpur Customs Office increased whereas exports from other customs points decreased. On the import side, imports from Dry Port Customs Office, Tatopani Customs Office, Kanchanpur Customs Office and Rasuwa Customs Office increased whereas imports from other customs points decreased in the review period.    
Total trade deficit narrowed down 8.9 percent to Rs.414.02 billion in the four months of 2019/20. Such deficit was expanded 37.8 percent in the same period of the previous year. The export-import ratio increased to 8.1 percent in the review period from 6.1 percent in the corresponding period of the previous year.    
Major highlights    
Giving the major highlights of the review, the Central Bank stated that inflation remained 5.76 percent on y-o-y basis and 6.27 percent on average during four months; imports decreased 6.9 percent and exports increased 23.9 percent.    
Similarly, remittances decreased 2.3 percent; the Balance of Payments remained at a surplus of Rs.27.29 billion; and the gross foreign exchange reserves stood at Rs.1103.12 billion. This level of reserve is sufficient to cover the prospective merchandise and services imports for 8.7 months.    
The Federal Government spending based on banking transactions amounted to Rs.219.17 billion and revenue collection Rs.275.02 billion. Broad money (M2) expanded 3.1 percent. On y-o-y basis, M2 expanded 15.4 percent. Deposits at Banks and Financial Institutions expanded 3.1 percent and bank credit to the private sector expanded 5.0 percent. On y-o-y basis, deposits increased 17.4 percent and credit 15.6 percent.    
In the review month, the Kathmandu Valley witnessed 6.50 percent inflation followed by 6.04 percent in the Terai, 4.56 percent in the Hill and 4.01 percent in the Mountain. These regions had witnessed 4.50 percent, 3.79 percent, 4.31 percent and 4.62 percent inflation respectively a year ago.    
The y-o-y consumer price inflation in Nepal in the review month and in India (November 2019) stood at 5.76 percent and 5.54 percent respectively. Such rate of inflation was 4.15 percent in Nepal compared to 2.33 percent in India a year ago.    
Wholesale Price Inflation    
The y-o-y wholesale price inflation stood at 8.94 percent in the review month compared to 6.93 percent a year ago. In the review month, price of food under primary group and prices of food, beverage and tobacco under manufactured group rose significantly.    
Based on broad economic classification, prices of consumption goods, intermediate goods and capital goods increased 25.20 percent, 1.21 percent and 2.21 percent respectively. The wholesale price of construction materials dropped 3.19 percent in the review month.     
Salary and Wage Rate Index    
The y-o-y salary and wage rate index increased 10.45 percent in the review month compared to 8.90 percent a year ago. In the review month, salary index and wage rate index increased 13.56 percent and 9.61 percent respectively. ---  

प्रतिक्रिया दिनुहोस

तरुण सभापति सिजनको प ...

इटहरीः बेलायतका रहेका तरुण दल सुनसरीका सभापति सिजन गुरुङको पहलमा त्यहाँ रहेका नेपालीहरुबाट संकलित रा ...

लकडाउनले विचल्लीमा प ...

काँकरभिट्टाः  लकडाउनका कारण विचल्लीमा परेका यात्रुहरुलाई होटल व्यवसायी संघ मेचीनगरले भोली( सुक् ...

कोरोना भाइरस, कोशीन ...

इटहरीः कोरोना भाइरस( कोभिड १९ ) को संक्रमणले विश्व नै आक्रान्त बनेको छ । यो भाइरसको संक्रमणबाट नेपाल ...

इष्ट टुरिजम इभेन्ट म्यानेजमेन्ट एण्ड मिडिया प्रालिद्धारा प्रकाशित

प्रदेश पोर्टल डटकम

इटहरी उपमहानगरपालिका, सुनसरी, कोशी, नेपाल

  • कम्पनी दर्ता नं. १९४७९७/०७५/०७६
  • स्थायी लेखा नं. ६०६६४३६५८
  • सूचना विभाग दर्ता नं. ९३०/०७५–०७६
  • प्रेस काउन्सिल दर्ता नं. १७१/०७५–०७६
  • फोन नं.: +९७७ २५ ५८२६९०
  • मोबाइल नं.: +९७७ ९८४२०३७४०२
  • इमेल: [email protected]
  • प्रधान सम्पादक: राजेश विद्रोही
  • महाप्रबन्धकः बद्री भिखारी
  • प्रबन्धकः देवान किराती
  • प्रबन्ध सम्पादकः प्रेमप्रसाद बास्तोला
  • डेस्क सम्पादकः खेमचन्द्र अधिकारी
  • अंग्रेजी डेस्क प्रमुखः विराट अनुपम
  • मार्केटिङ प्रमुखः प्रकाश तिम्सिना
  •   (९८६२१२०९७१)
  • संवाददाताः कविराज घिमिरे (धनकुटा)
  •   नमिन ढकाल(इलाम)
  •   बाबुराम वास्ताेला (संखुवासभा)
  • फाेटाे पत्रकारः गुरू ढकाल, वुलेट खतिवडा
  • स्वास्थ्य पृष्ठ संयोजकःडा. सुर्यबहादुर पराजुली (एमडी)
  • लोकसेवा पृष्ठ संयोजकः अनिल पोख्रेल (नायब सुब्बा)

Copyright © 2018 / 2020 - pradeshportal.com All rights reserved