“Agriculture production increases by 4.3 percent” « Khabarhub

“Agriculture production increases by 4.3 percent”

“Agriculture production increases by 4.3 percent”

Nepal Rastra Bank at Baluwatar/File Photo for Representation

KATHMANDU: Agriculture production such as crops, vegetables, fruits and spices has increased by 4.3 percent in the current fiscal year as of mid-January 2023.

Horticulture and vegetable yields have increased by 4.5 percent, according to a Nepal Rastra Bank report.

According to the report, milk production has increased by 1.4 percent and meat production increased by 1.7 percent.

Likewise, in the half-yearly period, egg production decreased by 26.3 percent.

Under timber-based production, wood production has increased by 16.23 percent and medicinal good production upped by 7.4 percent, the report stated.

As of mid-January 2023 in the current fiscal year, capacity use of the industries has reached 43.7 percent on average.

In the reporting period, the flow of loans by banks and financial institutions to the industrial sector shared 27.9 percent.

The number of real estate registration has decreased by 50.03 percent and revenue generated through land registration has reached Rs 9.9 billion, the report noted.

The deposit of the banks and financial institutions has increased by 9.1 percent and loan flow by 4.1 percent as of January 2023 in comparison to the corresponding period last year.

The number of total vehicles registered as of mid-January 2023 has increased by 4.1 percent compared to the same period of the fiscal year 2022/23.

The report further shared that 34,075 km of road was expanded and 3,018 bridges were constructed in the first six months of the 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.

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