Business & Economy

BRI will boost Nepal-China relations Sunday, January 21st, 2018

Mahendra Subedi, KATHMANDU: The news headlines about the entry of China’s internet bandwidth in Nepal early this week drew attention of all stakeholders. The news was meaningful yet sensitive as Nepal was ending decades-long sole dependency on India to get internet connectivity in the..

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NOC continue hikes fuel price Thursday, January 18th, 2018

KATHMANDU: The Nepal Oil Corporation (NOC) has increased the prices of petrol by one rupee and diesel and kerosene by two rupees with effect from Wednesday midnight. As per the revised rate, the petrol will cost Rs 103 per litre while the prices of diesel and kerosene have been adjusted at Rs 81..

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Draft of 10-year Karnali development plan unveiled Wednesday, January 17th, 2018

Bhishmaraj Ojha, KATHMANDU: A draft of 10-year Karnali development plan has been unveiled with the vision of developing Karnali as the prosperous area through the means of socio-economic development. The Karnali Development Commission has prepared the draft of the plan with an objective of..

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Chameliya hydropower project contributes 15 MW to nat’l grid Saturday, January 13th, 2018

DARCHULA: Fifteen megawatt power generated from Chameliya Hydropower Project has been added to the national grid. "The synchronisation process took place Friday afternoon," said the Project Chief Ajaya Kumar Dahal. There is a delay in constructing 30 megawatts project however. With the delay, the..

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NRA authorizes Rs 1 billion for relief to flood survivors Wednesday, January 10th, 2018

KATHMANDU: The National Reconstruction Authority (NRA) has given authority to the Home Ministry to mobilize over Rs 1.04 billion as relief support to the flood survivors in Terai region. NRA acting Secretary Yam Lal Bhusal said that the NRA has issued authority to Home Ministry to render relief to..

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Rasuwagadhi Hydropower Project to issue IPO of Rs 1.64 billion Thursday, January 4th, 2018

Ramesh Lamsal, KATHMANDU: The Securities Board of Nepal (SEBON) on Thursday issued an approval to Rasuwagadhi Hydropower Company to issue an initial public offering (IPO) of Rs 1.64 billion, SEBON's Spokesperson Niraj Giri said. Rasuwagadhi Hydropower Company, a subsidiary company of Chilime..

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Price of fuel increased again Tuesday, January 2nd, 2018

KATHMANDU: The Nepal Oil Corporation has increased the price of fuel with effective from this midnight. The price of petrol, diesel and kerosene has been increased by one rupee per litre while that of LPG or cooking gas has been increased by 25 rupees per cylinder. Likewise, aviation fuel has been..

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International donors’ summit to be held next year Thursday, December 28th, 2017

KATHMANDU: The National Reconstruction Authority (NRA) is to hold international donors' summit mid-July next year. As another 350 billion rupees will be required to continue the post-quake reconstruction in the country, the NRA will be hosting the summit with an expected to garner the amount,..

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IBN, Chinese Cement Company sign PIA Wednesday, December 27th, 2017

KATHMANDU: Investment Board of Nepal (IBN) and Chinese company Huaxin Cement Narayan Pvt Ltd signed the project investment agreement (PIA) on Wednesday in Kathmandu. Chief Executive Officer of IBN Maha Prasad Adhikari and Huaxin's Overseas Development Director Liu Jianguo signed the PIA, IBN's..

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Power Purchase Agreement renewed

KATHMANDU: The Nepal Electricity Authority (NEA) and Vidhyut Vyapar Nigam (NVVN) Limited of India signed a renewal agreement of power purchase up to 29 March 2018. NEA Executive Director Kulman Ghising and NVVN Chief Executive Officer AK Gorg signed the power purchase renewal agreement at Energy..

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One Year of Trump: The Defenders of Fictional Democracy Wednesday, January 24th, 2018

It seemed so much busier, much more manic and crowded than the one year that had passed. Since his inauguration, President Donald Trump continues to excite the same..

How Trump Is Destroying The GOP – OpEd Tuesday, January 23rd, 2018