Business & Economy


Chinese Aircrafts handed to NAC Tuesday, April 17th, 2018

KATHMANDU: Two 17-seat Y12e aircrafts have been handed over to Nepal Airlines Corporation (NAC) amid a function here Tuesday. The aircrafts were brought on subsidized loan from the government of China. The handover programme organized at the Tribhuvan International Airport (TIA) was attended by..

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NEPSE goes online Sunday, April 15th, 2018

KATHMANDU: The buyers and sellers now can order through online system to buy and sell the secondary shares of the public companies listed in the Nepal Stock Exchange (NEPSE). Chairman of Security Board of Nepal (SEBON) Dr Rewat Bahadur Karki marked the beginning of the online trading of shares at..

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Dolpa gets Rs 200 million for its link to national road: PM Oli Friday, April 13th, 2018

TIRPURAKOT: Prime Minister KP Sharma Oli has said for the development of Dolpa, its connection to the national roadway was imperative. PM Oli, who arrived here Friday to inaugurate the Karnali Rara Tourism Year, said Dolpa district would be provided Rs 2000 million in the current fiscal year to..

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ADB projects 5.5 % GDP in Nepal for coming fiscal year Wednesday, April 11th, 2018

KATHMANDU: The Asian Development Bank (ADB) has forecasted 5.5 per cent of Gross Domestic Product (GDP) growth in Nepal in the coming fiscal year 2018/19. The ADB made this higher forecast hinges on the assumption of normal monsoon and acceleration of ongoing mega projects. It may be noted that..

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Agreement signed between NCC and VCC Tuesday, April 10th, 2018

KATHMANDU: An agreement has been signed between Nepal Chamber of Commerce and Vietnam Chamber of Commerce and Industries today in Vietnam. NCC chair Rajesh Kaji Shrestha and his Vietnamese counterpart Dr. Vu Tien Lo signed the agreement. A 15-member delegation led by NCC chair Rajesh Kaji Shrestha..

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Raksaul ktm nepal railway study soon Monday, April 9th, 2018

KATHMANDU: Prime Minister KP Sharma Oli has said that he had developed some understandings with India bearing in mind the national interest and integrity. At the fifth annual general meeting of the Federation of Nepal Gold and Silver Dealers Association here today, Prime Minister said the..

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PM Oli, Indian PM Modi jointly inaugurate ICP Saturday, April 7th, 2018

Ramesh Lamsal, NEW DELHI: Prime Minister KP Sharma Oli and Indian Prime Minister Narendra Modi jointly inaugurated Integrated Check Post (ICP) in Birgunj amid a programme. PM Oli is on a three-day state visit to India. Started in 2011 following an agreement between Nepal and India, the project was..

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Integrated Check Post (ICP) into operation from today

Birendra Karna, BIRGUNJ: The Integrated Check Post (ICP) based in Alau of Parsa district has officially come into operation from today after Prime Minister KP Sharma Oli and his Indian counterpart Narendra Modi jointly inaugurated the check post. Consulate General of India in Birgunj, BC Pradhan..

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Nepal virgin land for investment: PM Oli Friday, April 6th, 2018

KATHMANDU: Prime Minister KP Sharma Oli, who is currently on the State Visit to India, said Nepal is a virgin land as far as the investment is concerned. Investment in any sector is highly profitable. There is no competition for investment. Making closing remarks at the Business Interactive..

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PM India visit: special focus on energy banking Thursday, April 5th, 2018

Ramesh Lamsal, KATHMANDU: Preparations have been made to emphatically raise the agenda of energy banking during Prime Minister's Indian visit beginning tomorrow. The concept of energy banking has been put in the priority list of the visit to store electric power in rainy season after the..

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Nepal PM to press India for banned currency swap Wednesday, April 4th, 2018

Gopal Sharma, KATHMANDU, (Reuters): Nepali Prime Minister K.P. Sharma Oli will press India to exchange millions of dollars held in Nepal in banned high-value Indian bank notes during a visit this week to improve ties with its large southern neighbour. Nepal and India have yet to agree on how to..

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NAC to purchase 8 aircrafts in 18 months Tuesday, April 3rd, 2018

KATHMANDU: National flag bearer Nepal Airlines Corporation (NAC) has planned to purchase additional eight aircrafts in the next 18 months. In a press meet here today, the NAC shared that aircrafts purchased will be for both international and domestic flights. NAC general manager Sugat Ratna..

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Local bodies to collect integrated property tax Monday, April 2nd, 2018

KATHMANDU: The local bodies will collect the integrated property tax from 1st Shrawan 2075 BS. The Ministry of Federal Affairs and General Administration today, issuing a press release, stated that the tax will be collected by the local bodies as per the Local Government Operation Act 2074..

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302 new industries registered in eight months Sunday, April 1st, 2018

KATHMANDU: A total of 302 industries have been registered at the Department of Industry in the eight months of the current fiscal year. The industries with domestic as well as foreign investors propose to provide direct employment to around 20,000 people. Of them 194 are industries with foreign..

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Finance Minister presents current picture of nation’s economy Friday, March 30th, 2018

KATHMANDU: Finance Minister Dr Yubaraj Khatiwada today pointed out economic challenges facing the country due to various causes. Blaming the lack of proper capital mobilisation in part for economic challenges, he stated some difficulties in budget expenditure. "Big projects fail to be completed..

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