Central bank unveils report highlighting economic activities of country

KATHMANDU: Nepal Rastra Bank unveiled a report highlighting the economic activities of the country, on Tuesday. The central bank produced and made publicly available the report carrying out a data-based study on half-yearly economic affairs from mid-July 2022 through mid-January 2023. As per the report, as of mid-January 2023 in the current fiscal year, main agriculture production (food and other crops and vegetables, fruits and spices) has increased by 4.3%. Likewise, the geographical land covered by such crops has decreased by 2.1%. Production of food and other grains has gone up by 5.7%. Likewise, vegetable and horticulture yields have increased by 4.5%. However, the production of fruits and spices has decreased by 5.2% and 8.4% respectively. According to the report, milk production has increased by 1.4% and meat production upped by 1.7%. Likewise, in the half-yearly period, egg production decreased by 26.3%. Under timber-based production, wood production has increased by 16.23% and medicinal good production upped by 7.4%, the report shows. As of mid-January 2023 in the current fiscal year, capacity use of the industries has reached 43.7% on average. In the reporting period, the flow of loans by the banks and financial institutions (BFIs) to the industrial sector shared 27.9%. The number of real estate registration has decreased by 50.03% and revenue generated through land registration has reached Rs 9.9 billion, the report noted. The deposit of BFIs has increased by 9.1% and loan flow by 4.1% as of January 2023 in comparison to the corresponding period last year. Similarly, the number of total vehicles registered as of mid-January 2023 has increased by 4.1% compared to the same period of fiscal year 2022/23. The report further shared that 34,075 kilometres of road were expanded and 3,018 bridges were constructed in the first six months of current fiscal year under the infrastructure sector. During the reporting period, altogether 32 airline companies, including three Nepali Airlines and 29 foreign Airlines have operated flight services to different destinations. The number of airports in operation during any season has reached 33. READ ALSO:

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