Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

COVID-19 pandemic could push nearly one third of Nepal’s population below poverty line

IANS
Updated: July 24th, 2020, 11:08 IST
in Coronavirus, International
0
(Image courtesy: Livemint)

(Image courtesy: Livemint)

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Kathmandu: The ongoing COVID-19 pandemic could push nearly one third of Nepal’s population below poverty line due to the loss of livelihoods in the wake of the health crisis, the World Bank said in a report.

The Nepal Development Update, a bi-annual report of the global lender released Thursday, said that an estimated 31.2 per cent of the population who live close to the poverty line are at high risk of falling into extreme poverty.

Also Read

Donald Trump

Trump announces 25% tariff on India from August 1

6 hours ago

China promises to help companies slammed by tariffs, as talks with US left in limbo

8 hours ago

According to the Nepal government, 18.7 per cent the population live under the poverty line currently.

The warning comes at a time when the COVID-19 pandemic, coupled with lockdowns and travel restrictions imposed by the government, has impacted livelihoods of people in Nepal.

July 20, Nepal’s cabinet ended the nearly four-month lockdown but still maintaining a few restrictions.

“Across all sectors, informal workers or those without social security or assistance will be most vulnerable to falling into extreme poverty,” the report said.

“Within this group, informal sector workers and self-employed households in urban areas may be more vulnerable than rural households that can fall back on subsistence farming.”

During the online launch of the report, Finance Minister Yubaraj Khatiwada admitted that measures taken to save lives from the pandemic affected Nepal’s fight to eradicate poverty.

“Due to urgent measures we had to take to save lives with restriction on the movement of people has substantially affected the chain of production, trade and investment followed by job losses and reversal of achievement made in poverty reduction,” he said.

Poverty headcount rates were 42 per cent in 1995, 31 per cent in 2003, and 25 per cent in 2010 and which came down further in the last one decade, according to the National Planning Commission of Nepal.

The World Bank report also said that Nepal’s economic outlook is uncertain.

The Himalayan nation is likely to see a meagre growth of 2.1 per cent in best case scenario to a contraction of 2.8 per cent in the worst case scenario in current fiscal year 2020-21.

IANS

Tags: Coronaviruscovid19NepalpandemicPoverty
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

slide 2 to 4 of 30
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Lopali Pattnaik

December 12, 2019
#MyPaperBagChallenge

Sisirkumar Maharana

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Aishwarya Ranjan Mohanty

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar Ghibela

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019

Archives

Select Month

    Editorial

    SIR’s Pitfalls

    Election Commission of India
    July 30, 2025

    The Supreme Court on 28 July told the Election Commission of India (ECI) to adopt a voter verification approach based...

    Read more

    Good Sense Prevails

    Volodymyr Zelenskyy
    July 29, 2025

    Ukrainian President Volodymyr Zelenskyy has just in time refrained from a suicidal course that was going to turn his own...

    Read more

    Greener Route

    July 28, 2025

    In a landmark ruling that has come as a shot in the arm for the global climate movement, the International...

    Read more

    Showing The Mirror

    Aakar Patel
    July 27, 2025

    “Joint-family and indissoluble marriage have been the basis of Hindu society. Laws that alter this basis will ultimately lead to...

    Read more
    • Home
    • State
    • Metro
    • National
    • International
    • Business
    • Editorial
    • Opinion
    • Sports
    • About Us
    • Advertise
    • Contact Us
    • Jobs
    Developed By Ratna Technology

    © 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST

      • News in Odia
      • Orissa POST Epaper
      • Video
      • Home
      • Trending
      • Metro
      • State
      • Odisha Special
      • National
      • International
      • Sports
      • Business
      • Editorial
      • Entertainment
      • Horoscope
      • Careers
      • Feature
      • Today’s Pic
      • Opinion
      • Sci-Tech
      • About Us
      • Contact Us
      • Jobs

      © 2024 All rights Reserved by OrissaPOST