Business & Economy


Around 300,000 garlands imported from India for Tihar Thursday, October 19th, 2017

KATHMANDU: Around 300 thousand garlands have been imported from India for this Tihar festival. These garlands are only for use in Bhai Tika.  Bhai Tika is the last day of the five days long Tihar festival, the biggest festival of Nepalis after Dashain. Although it has been 23 years since..

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PM’s assures NRNs for investment in Nepal Wednesday, October 18th, 2017

KATHMANDU: Prime Minister Sher Bahadur Deuba has urged the Non-Resident Nepalis to invest in Nepal with confidence, as investment-friendly atmosphere was gradually becoming a reality in the country.  Speaking at the concluding session of the 8th world conference of the NRN association here today,..

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‘Right time for investment in Nepal’ Saturday, October 14th, 2017

KATHMANDU: President Bidya Devi Bhandari has urged the non-resident Nepalis to invest in their motherland.  Inaugurating the 8th international convention of the Non-Resident Nepalis Association (NRNA) here today, she said the time was ripe to invest in Nepal. "Following the promulgation of the..

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Apples worth fifty million rupees imported from India Thursday, October 12th, 2017

BIRATNAGAR: Traders in Morang alone have imported apples worth fifty million rupees targeting the upcoming Tihar and Chhat festivals.  A total of 75 truckloads or 15 million cartoons of apple have been imported already, central member of Fruit Entrepreneurs Association, Nagendra Das said. There..

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NRA directs granting subsidized loan smoothly Wednesday, October 11th, 2017

KATHMANDU: The National Reconstruction Authority (NRA) has directed the authorities concerned to make arrangement for providing subsidized loan of Rs 300,000 to the earthquake survivors in a smooth manner.  A meeting of the Council of Ministers held on Monday amended the working procedure-2074 BS..

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Promotion of Nepal – US trade stressed Tuesday, October 10th, 2017

KATHMANDU: Industry Minister Sunil Bahadur Thapa has said that Nepal has not been able to reap benefits from the trade facilities provided by the US government on the trading of 77 various goods.  The Minister said this while inaugurating a one-day workshop on enhancing Nepal - US Trade by..

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Share market falls 8.12 points Monday, October 9th, 2017

KATHMANDU: The domestic share market has experienced the fall by 8.12 points today.  With this fall it has reached 1501 points, according to Nepal Stock Exchange. The share market opened on Sunday after long Dashain vacation and fell by 32 points on Sunday. Similarly, the sensitive index..

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Over 300 trucks head for Kerung Sunday, October 8th, 2017

RASUWA: Containers and trucks have started moving towards Kerung in Tibet Autonomous Region of China from the Rasuwagadhi transit point with the conclusion of the Dashain holiday period. Three hundred and sixty eight truck containers have left for Kerung while 105 are in the process for heading..

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NRB to absorb Rs 5 billion to curb liquidity Saturday, October 7th, 2017

KATHMANDU: Nepal Rastra Bank (NRB) has decided to absorb Rs 5 billion from bidding on Sunday.  The NRB is absorbing the amount in view of the growing investment worthy capital in the banking system, said Assistant Spokesperson at NRB, Narayan Poudel, adding that it would be drawn through 30-day..

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Thapakhola hydropower project completes Wednesday, October 4th, 2017

MUSTANG: The construction of 13.6 megawatts Thapakhola hydropower project has been completed in the district, with preparations underway to connect electricity to the national transmission grid before Tihar festival, said the project authority.  Test electricity generation has started from the..

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World Bank to provide approx Rs 6 billion loan Monday, October 2nd, 2017

KATHMANDU: The World Bank is to provide a loan assistance of approximately Rs 6 billion for the implementation of second phase of the Vocational Education and Training Project.  The bank approved the loan today which it is providing with the aim of promoting just access to technical education and..

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60 quintals Chhurpi exported to US from Ranke Bazaar monthly Saturday, September 23rd, 2017

ILAM: Approximately 60 quintals of Chhurpi (a traditional cheese) worth about Rs 8 million is exported every month to the United States of America from Ranke Bazaar bordering Ilam and Panchthar districts, local traders said.  The cheese is collected from various places in Ilam including Chamaita,..

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Government to decide on Kathmandu-Terai Fast Track’s DPR soon Wednesday, September 20th, 2017

KATHMANDU: The government has said that it was giving its final decision on detailed project report (DPR) of Kathamndu- Terai/ Madhesh Fast Track, the development project of national pride, soon.  It may be noted Prime Minister recently instructed the Physical Infrastructure and Transport..

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South Korea to assist Nepal in developing smart cities Tuesday, September 19th, 2017

NAWALPARASI: The South Korean government has pledged support in transforming Nepal's six local tiers into smart cities. South Korea will be lending diverse economic support for sustainable development of two metropolitan cities including Kathmandu and four municipalities. One of the other..

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HIDCL to invest Rs 36 billion in five years Saturday, September 16th, 2017

Ramesh Lamsal, KATHMANDU: The Hydroelectricity Investment and Development Company Limited (HIDCL) has unveiled is planning to invest Rs 36 billion in the hydro sector in the coming five years.  Chief Executive Officer (CEO) of HIDCL Chhabiraj Pokharel said the company has sorted out the..

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Pilot economic census in the offing Thursday, September 14th, 2017

KATHMANDU: The Central Bureau of Statistics (CBS) is launching the first National Economic Census (Pilot Economic Census) to keep the records of all sorts of economic activities in the country from the very first day of the Nepali new year 2075 BS.  All economic activities ranging from micro to..

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PRESIDENT XI JINPING’S CONFUSION AND DILEMMA Monday, October 23rd, 2017

In his marathon opening address during the conference of the Communist Party of China (CPC), Chinese President Xi Jinping has spoken about “principal contradiction”..