Finance and Economy

According to the police, 1,663 scam cases were reported, with losses exceeding MVR 22.7 million, of which MVR 8.5 million has now been retrieved. Before the centre’s formation, authorities were only able to recover about two per cent of stolen funds.

The decision to halt salary payments has drawn concern from civil society groups and international observers, who warn that continued economic contraction could fuel social unrest or increased migration out of the country.

Experts caution that timely implementation, effective supervision and coordination among agencies will be key to ensuring project success. Nepal’s road sector has historically faced challenges related to delays, cost overruns and difficult terrain.

International development partners, including the World Bank, have also entered the picture with initiatives designed to boost jobs and trade, although such efforts are longer-term in nature and their impact on immediate job creation is still unfolding.

Experts argue that meeting Nepal’s 2045 net-zero target and Sustainable Development Goal 7 – affordable and clean energy for all – will require a fundamental rethink of biogas policy.

The minister said that the government is also pursuing new free trade agreements and working to improve the utilisation of existing FTAs.

The financing will advance initiatives under India’s national flagship programmes in skilling and rooftop solar deployment along with projects supporting healthcare, metro development and ecotourism promotion across three states.

Beyond economic indicators, the RECSS feedback suggests that rural residents are also noticing improvements in basic infrastructure and services.