Business & Economy


Banking Expo-2017 begins Saturday, April 29th, 2017

KATHMANDU: Banking Expo-2017 targeted to the financially backward communities has started at Bhrikutimandap from Friday. Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal inaugurated the expo amid a programme. It is stated that there are hundreds of thousands of people even in Kathmandu valley who..

Read Full Story »

Inflation rate for current FY stands at 2.9 pc: NRB Thursday, April 27th, 2017

KATHMANDU: The inflation rate during the first eight months of the current fiscal year was recorded at 2.9 per cent, Governor of the Nepal Rastra Bank (NRB) Chiranjibi Nepal said on Thursday on the occasion of the 62nd anniversary of the central bank. Country's inflation rate in the last fiscal..

Read Full Story »

UML objects decision on vote counting, budget announcement

KATHMANDU: The main opposition CPN-UML has objected to the Election Commission decision to conduct the vote counting of the local level elections of a first phase instantly and to allow the government present the budget before a second-phase election. A delegation led by deputy Parliamentary Party..

Read Full Story »

TIFA’s third meeting begins Friday, April 21st, 2017

KATHMANDU: A two-day third meeting of the Trade and Investment Framework Agreement (TIFA) has begun here from today. The TIFA agreement was signed between Nepal and the US on April 15, 2011 with an objective to enhancing bilateral trade and investment. The meeting has aimed to facilitate the..

Read Full Story »

NAC calls bidding for auction sale of aircraft Thursday, April 13th, 2017

KATHMANDU: The Nepal Airlines Corporation (NAC) has announced a global tender for auction sale of its 30-year-old aircraft—Boeing B757-200 9N-ACA. The sale aims to save aviation turbine fuel required to operate the old aircraft and costs required to repair it time and again, said NAC's..

Read Full Story »

Global Nepal Fest-2017 in US cities

KATHMANDU: Global Nepal Fest-2017 is taking place in two major east coast cities of the United States with a view to promoting Nepal to the global community through art, music, culture, food, tourism and handicrafts. The Vintuna International is organizing the event in Washington DC on April 16..

Read Full Story »

Foreign investment increases four folds in eight months Tuesday, April 11th, 2017

KATHMANDU: Foreign investment has surged four folds in the eight months of the current fiscal year. The Current Economic Situation Report released by Nepal Rastra Bank on Monday states that Rs 8.35 billion foreign direct investment flowed into the country during this period. As per the report,..

Read Full Story »

India, Nepal discuss exchange of banned Indian currency notes Monday, March 27th, 2017

KATHMANDU: India has proposed to Nepal that it was ready to exchange banned Indian currency notes of 500 and 1,000 rupees up to 4,500 Indian rupees (68.8 US dollars) for individuals in Nepal, way below the amount legally allowed to posses in the himalayan country, a senior official of Nepal's..

Read Full Story »

Inclusiveness must for globalisation, free trade: PM Dahal Sunday, March 26th, 2017

KATHMANDU: Prime Minister Pushpa Kamal Dahal has said that inclusiveness that lies at the core of Asian culture must prevail while we continue to embark upon the path of globalisation and free trade. "To materialise the Asian model of globalisation, we must build a cooperation model, which will..

Read Full Story »

Indian investment dipping due to insecurity: Ambassador Upadhyay Wednesday, March 8th, 2017

BHAIRAHAWA: Nepal's Ambassador to India, Deep Kumar Upadhyay, has noted that the rate of Indian investment in Nepal has dipped due to insecurity towards investment felt by the Indian investors. Speaking at an interactive programme held on Monday in Bhairahawa by the District Administration Office..

Read Full Story »

China hands over Araniko highway to Nepal after repair Friday, March 3rd, 2017

KATHMANDU: China has handed over the Araniko highway to Nepal after repairing it. The 114 kilometres long highway from Kathmandu to Tatopani of Sindhupalchok district was damaged at five different places by the April 25, 2015 devastating earthquake, disrupting vehicular movement. The highway was..

Read Full Story »

Preparations complete for Nepal Investment Summit 2017 Thursday, March 2nd, 2017

KATHMANDU: Preparations for the Nepal Investment Summit 2017 which will start from tomorrow have been completed, the Ministry of Industry stated on Wednesday. The two-day summit is being organised by the Ministry of Industry with the objective of inviting foreign investment in nine key sectors..

Read Full Story »

Nepal to organise international investment summit on March 2-3 Monday, February 27th, 2017

KATHMANDU: A number of Indian and Chinese companies will participate in an international summit in Nepal next week that aims to position the landlocked country as an attractive investment hub. The Nepal Investment Summit 2017 in Kathmandu on March 2-3 will see the participation of nearly 250..

Read Full Story »

India approves 16 road projects in Nepal Friday, February 24th, 2017

KATHMANDU: India has approved 16 road projects to be undertaken through its financial assistance to the Himalayan country under the third Line of Credit. The matter was agreed upon here on Wednesday during the 5th bilateral two-day Line of Credit (LoC) Review Meeting between the two..

Read Full Story »