Business & Economy

Country sees trade deficit of Rs 900 billion Thursday, August 17th, 2017

KATHMANDU: The country has witnessed the trade deficit of about Rs 909 billion in the last fiscal year, according to the Ministry of Commerce.  The trade deficit with India has cross Rs 600 billion while the volume of trade deficit with China is Rs 128 billion in the last fiscal year. Similarly,..

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EU contributes 1.6 million Euros for Nepal elections Wednesday, August 16th, 2017

KATHMANDU: The European Union (EU) and the United Nations Development Programme (UNDP) have signed an agreement for an additional Euro 1.6 million grant as part of the electoral assistance to Nepal to reinforce their cooperation with the Election Commission of Nepal (ECN). The grant will be used..

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Japan to provide Rs 280 million for SSDP Tuesday, August 15th, 2017

KATHMANDU: The Government of Japan has agreed to provide a grant assistance of Rs. 280 million to the School Sector Development Program (SSDP) of Nepal.  The Exchange of Notes to this effect was signed and exchanged between the Government of Nepal and the Government of Japan at the Ministry of..

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US stocks fall again on North Korea tensions

NEW YORK, (AFP): Wall Street stocks dropped early Thursday after North Korea announced a plan to send missiles towards Guam, raising the stakes of a nuclear standoff with the United States.  US stocks have been in retreat since President Donald Trump Tuesday issued a fiery warning to North Korea..

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NEA determines new tariff for India imported electricity

KATHMANDU: Nepal Electricity Authority (NEA) has determined the new tariff for the electricity that is being imported from India.  The meeting of the Nepal-India Electricity Exchange Committee held on Tuesday in New Delhi of India has fixed the tariff to be Rs 8.88 in minimum to Rs 10.32 in..

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BIMSTEC Secretary General in the capital

KATHMANDU: Secretary-General of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Sumith Nakandala arrived here on Tuesday. Nakandala is here to attend the 18th session of the BIMSTEC Senior Officials' Meeting (SOM) and the 15th BIMSTEC Ministerial Meeting..

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15th BIMSTEC ministerial meeting in Kathmandu on Aug. 11

KATHMANDU: The fifteenth BIMSTEC ministerial meeting is being held in Kathmandu on 11 August. The ministerial meeting will be preceded by the eighteenth session of the BIMSTEC Senior Officials' Meeting (SOM), said a press release issued by the Ministry of Foreign Affairs Monday.  Prime Minister..

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FEPB to provide Rs 700,000 compensation Monday, July 31st, 2017

KATHMANDU: The Foreign Employment Promotion Board (FEPB) has decided to provide Rs 700,000 to each one who is dismembered or dies in course of employment in foreign land.  The insurance amount was increased from Rs 300,000 to Rs 700,000 as per the latest decision of the government. The new..

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Stock market sees transaction above 5.5 billion Saturday, July 29th, 2017

KATHMANDU: The stock market this week saw transaction worth Rs. 5.53 billion. Altogether 9.58 million shares of 170 companies were traded during the week, according to Nepal Stock Exchange (Nepse).  The transaction is 16.75 per cent higher in compared to the previous week. Last week shares of 165..

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SSB checking along Nepal-India border affects transport Friday, July 28th, 2017

LUMBINI: The Seema Suraksha Bal (SSB), India's paramilitary force meant for guarding along the Nepal-India border, has increased security checks on Sunauli- Belhiya point, affecting the cross-border movement of people and vehicles.  The SSB personnel deputed along Belhiya check point (India) have..

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Handicrafts worth amounting to Rs 5 billion exported Sunday, July 23rd, 2017

Achyut Regmi, KATHMANDU: The Nepali handicrafts worth amounting to Rs 4.8 billion were exported in the fiscal year 2073/74 BS.  Among the Nepali handicrafts exported were bamboo-based products, flowers, tobacco substances, ceramic, decorated horns of wild beasts, metallic products, paper and..

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Nepse rises by 52.18 points this week Saturday, July 22nd, 2017

KATHMANDU: Shares worth Rs 4.73 billion was traded in the Nepal Stock Exchange this week.  The Nepal Stock Exchange (Nepse) said that a total of 8.75 million plus shares of 165 companies were traded. The traded amount rose by 12.72 per cent this week compared to the last week. The Nepse rose..

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Prime Minister Deuba meets his Indian counterpart Wednesday, August 23rd, 2017

Yekraj Pathak, New Delhi: Prime Minister Sher BahadurDeuba, who arrived here today on a five-day state visit, had a meeting with Indian Prime Minister Narendra Modi this..