Only 59 percent business in the communications industry – NRB survey

Although the communications sector has been fully operational since the beginning of the corona infection in the country, its business has declined by about 40 percent.

According to the NRB’s ‘Second Revision Survey Report on the Impact of Covid 19 on the Economy’ released by the National Bank on Wednesday, media-related industries and businesses have been fully operational but their business has not returned to normal.

According to an online study, the state of industry, production and business has improved compared to July 2077, but it has not reached the level before the launch of Covid 19.

According to the survey, production and turnover in the communications sector averaged only 58.8 percent compared to before the outbreak of the Corona epidemic. Such turnover was 33.2 percent in July 2012 and 42.3 percent in December 2012.

According to the survey, production and turnover in the communications sector averaged only 58.8 percent compared to before the outbreak of the Corona epidemic. Such turnover was 33.2 percent in July 2012 and 42.3 percent in December 2012.

According to the survey, industries and businesses in the communications sector are fully operational even in the midst of the Corona epidemic. Electricity, gas and water are also among the industries that are fully operational.

Similarly, it has been found that the average salary and wage expenditure of the industries and businesses in the media sector has reached the same level as before the epidemic of Covid-19. That is, 100 percent is being spent.
Thus, 100 percent of the expenditure is on electricity, gas and water, while the average salary and wage expenditure of industries and businesses in the mining and quarrying sector has been found to have increased.

The survey was conducted by NRB through telephone interview and online from 5 to 14 April, 2078 BS. A total of 562 industrialists and businessmen participated in the survey.
The sample compiled during the study was 1.4 percent from the communications sector.

According to this survey, the overall industry and business has not been able to reach the state of Covid 19 East 2076 Fagun. He said that the situation could worsen due to the second lockdown that started on April 30.

In the questionnaire asked to the industry and businessmen, it was asked to compare the situation with the month of February, 2076, before the bandh started due to the Covid 19 epidemic.

It is seen that only 4.1 percent of the industries and businesses were fully operational in 2077 BS as compared to February 2076 BS, but it has increased to 81.2 percent in 2078 BS. So far, 4.2 percent of industries and businesses have not been able to come into operation.

Due to KOVID-19, Nepal’s economic growth was negative in FY 2076/77 and is expected to decline in FY 2077/78.

The first report was made public in 2077 BS by collecting data of 674 industries and businessmen from 52 districts.

According to the survey, 61.03 percent of the industries and businesses were not operational and only 4.1 percent of the industries and businesses were fully operational.

According to the survey, 61.03 percent of the industries and businesses were not operational and only 4.1 percent of the industries and businesses were fully operational.

The first lockdown was started on March 26, 2008. The first recurrence survey was completed in December 2077 after the lockdown.

A second recurrence survey has been conducted from 5 to 14 April, 2078 BS to collect comparative data from the participating entrepreneurs about the latest situation related to business operation.

The recurrence survey has shown significant improvement in the operational status of industry, business and production and business transactions as compared to the survey conducted in July 2012.

Locking has started again from April 3, 2010.

After conducting this second re-survey, the second wave of Covid 19 has led to re-issuance of restraining orders in most districts. This is likely to affect the economy again.

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Rabins Sharma Lamichhane

Rabins Sharma Lamichhane is the owner of RabinsXP who is constantly working for increasing the Internet of Things (IoT) in Nepal. He also builds android apps and crafts beautiful websites. He is also working with various social services. The main aim of Lamichhane is to digitally empower the citizens of Nepal and make the world spiritually sound better both in terms of technology and personal development. Rabins is also the first initiator of Digital Nepal.

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