Business & Economy

US, Nepal begin special operations training exercise Monday, June 19th, 2017

By Shirish B Pradhan, KATHMANDU: The US and Nepal today began a special operations training exercise during which forces of the two countries will train together to prepare for, mitigate, and respond to humanitarian assistance and disaster response emergencies in rural, mountainous areas. After..

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Nepse suffers double-digit fall Sunday, June 18th, 2017

KATHMANDU: Having suffered a decline in the past few days, Nepal Stock Exchange continued to fall by double-digit on Sunday. According to the Nepse, the market slid down by 13.61 points to 1,575 points. A total of 843,912 shares of the total 143 companies were traded worth Rs 590 million, the..

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Nepal hosts tourism promotion program in Guangzhou Saturday, June 10th, 2017

KATHMANDU: Nepali Ambassador to China, Mr Leela Mani Paudyal has said Nepal has planned to launch a campaign targeting 300 million Buddhist believers in China with a view to encourage them to visit Lumbini. While welcoming the participants at a tourism promotion program ( in Nepal) jointly..

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Nepal, China sign mega hydropower agreement Monday, June 5th, 2017

KATHMANDU (AFP): Nepal has signed an agreement with a Chinese company to build the largest hydroelectric plant in the impoverished landlocked country, which suffers from a chronic energy shortage. Nepal's energy minister Janardan Sharma on Sunday signed the agreement for the China Gezhouba Group..

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NEPSE records transaction worth over Rs 2 billion in week Saturday, June 3rd, 2017

KATHMANDU: The domestic stock market this week made transactions worth Rs 2.84 billion. According to Nepal Stock Exchange Limited (NEPSE), some 5.12 million units of share were sold and purchased in this week which is more by 5.81 per cent than the transaction recorded in the last week. At the..

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China provides construction materials to Upper Mustang folks Friday, June 2nd, 2017

MUSTANG: Neighbouring China has provided construction material support worth amounting to Rs 70 million to two rural municipalities of Upper Mustang. The China government has aided various construction materials to the locals of two rural municipalities – Lomanthang and Dalome – of Mustang..

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Nepal announces $12 bn budget targeting high growth Monday, May 29th, 2017

KATHMANDU, (AFP): Nepal's government unveiled it's annual budget on Monday focused on allocating funds to newly elected local units and sustaining its record high growth rate. The Maoist finance minister Krishna Bahadur Mahara outlined a $12.38 billion budget, giving resources for federal..

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‘Nepalis eager for OBOR implementation’ Friday, May 26th, 2017

KATHMANDU: Scholars participating in a discussion programme organised by the Nepal Council of World Affairs said on Thursday that the Nepalis were eagerly looking forward to the earliest implementation of China’s One Belt, One Road (OBOR) initiative. Initiated by Chinese President Xi Jinping in..

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Postal highway to be completed within a year: Indian envoy Saturday, May 13th, 2017

DHANUSHA: Indian Ambassador to Nepal, Manjeev Singh Puri, on Thursday said the development projects running in Nepal under Indian support would soon be completed. At a felicitation programme organized by Nepal – India Friendship Youth Association here in Janakpur, the Indian envoy shared that..

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‘Pact on Nepal-China rail project in final stage’ Sunday, April 30th, 2017

KATHMANDU, (IANS): The much-talked about pact on the Kathmandu-Kerung rail project, a cross-border rail network between Nepal and China, is in the final stage of signature, said Nepal's Deputy Prime Minister and Minister of Finance Krishna Bahadur Mahara. Speaking at a programme organised by the..

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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..

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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..

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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..

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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..

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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..

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Murder in Suburbia Thursday, June 22nd, 2017

A teenage girl from my hometown in Northern Virginia, a girl identified most prominently as a Muslim, has reportedly been murdered with a baseball bat. We do not know..