EIB to provide Rs 12.4 billion grant to Nepal Sunday, February 16th, 2020

KATHMANDU: The European Investment Bank (EIB) will provide Rs 12.4 billion grant to the Government of Nepal for its electricity system upgradation project. In this regard, chief of the International Economic Cooperation Coordination Division, the Ministry of Finance, Shree Krishna Nepal, Maria..

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Timber import down by 20 per cent Saturday, February 15th, 2020

KATHMANDU: Import of timber into the country has decreased by 20 per cent following the adoption of a policy to increase production. The Forest Reforms Action Plan, 2075 by the Ministry of Forest and Environment has been successful in increasing production and thereby bringing down import. In the..

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Price of LP gas goes up Monday, February 3rd, 2020

KATHMANDU: Nepal Oli Corporation has increased the price of Liquefied Petroleum Gas or LPG. The NOC increased the price LPG or cooking gas by Rs 25 per cylinder. The new price would be effective from this midnight. However, the price of petrol, diesel and kerosene oil has been reduced by Rs 1 per..

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Farmers elated with increased production after land pooling Saturday, February 1st, 2020

Krishna Dawadi, KASKI: Farmers in Gandaki State have been elated after increase in agricultural production following the farming with land pooling. They are attracted towards collective farming, reasoning that the cultivation was easier and less costly. Various small plots of land were integrated..

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Rooster weighs 14 kg in four months! Friday, January 24th, 2020

Ram Bahadur Thapa, BAGLUNG: It is just the fourth month, a chicken grew so fast and so large that it weighed 14 kg. The rooster waddles and swallows feed lazily. It is nearing the slaughter days, as its owner says. Owner of Arpana Poultry Farm at Baglung municipality-3, Bijay Sharma, informed that..

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Drop in rice production likely to hit national economy Saturday, January 4th, 2020

Rajaram Karki, KATHMANDU: A noticeable fall in the rice production this year is likely to beat national economy. Experts predict that it would have its implications on the Gross Domestic Product.Last year, contribution of agricultural sector to the GDP was measured at 27.59 percent. The Economic..

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Price of petroleum products up Wednesday, January 1st, 2020

KATHMANDU: Nepal Oil Corporation has adjusted the price of petroleum products to be effective from this mid night. The NOC adjusted the price of petroleum products by increasing the price of petrol, diesel and kerosene oil by Rs 2 per litre. However, price of aviation fuel and LP gas has not been..

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NEGJA expo to promote Nepal jewels in global market Tuesday, December 31st, 2019

KATHMANDU: Nepal Gem and Jewellery Association (NEGJA) has planned the third ' Nepal Gems and Jewelry Expo' in the central capital next month. The expo will be taking place on January 10-12 and it aims to promote Nepal ornaments in the global market. Vice President Nanda Bahadur Pun is scheduled..

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Sugarcane farmers from Sarlahi organize demo at Maitighar Monday, December 30th, 2019

KATHMANDU: Sugarcane farmers from Sarlahi have organized a protest demonstration in Kathmandu citing the sugar mills have not yet paid them the money for the sugarcane they sold to the mills. The farmers said that Annapurna Sugar Mill Dhanakaul and Mahalaxmi Sugar Pvt Ltd of Sarlahi have not paid..

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Two big commercial banks- Global IME Bank, Janata Bank- merge Friday, December 6th, 2019

KATHMANDU: Two big 'A' class commercial banks -Global IME Bank and Janata Bank- have officially merged into the Global IME Bank on Friday. The Monetary Policy for the fiscal year 2019/20 has adopted the policy to encourage the merger and acquisition process for the banks and financial institutions..

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Ncell To Expand Services Targeting Business Houses Wednesday, December 4th, 2019

KATHMANDU: Telecommunication service provider Ncell is introducing new services targeting business enterprises by using its network and infrastructure. Sushil Bista, enterprise head of Ncell, said that Ncell was introducing Ncell Data Centre service, vehicle tracking system and field force..

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Rs 2 increment per liter in petrol, diesel in Nepal Monday, December 2nd, 2019

KATHMANDU: Nepal Oil Corporation (NOC) has increased Rs 2 per liter in the price of petrol and diesel coming into effect from this midnight. The price increment follows increment in the international market, said the NOC. Despite increment in the international market four months ago, NOC did not..

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FMTC to purchase 30,000 metric tonnes of paddy in first phase Wednesday, November 13th, 2019

KATHMANDU: The Food Management and Trade Company (FMTC) is to purchase 30,000 metric tonnes of paddy this year. Chief Executive Officer of the Company, Shreemani Raj Khanal, said that with the determination of price of paddy by the government, the Company is going to purchase 30,000 metric tonnes..

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Jumla supplies 6,500 metric tons apple Monday, October 21st, 2019

Bijaya Raut, KHALANGA: Jumla alone has supplied 6,500 metric tons of apples amounting around Rs 342 million. Balakram Devkota, Chief, District Agriculture Development Office, said Jumla has exceeded financial income from the sale of apples in comparison to past two years. The apple transaction..

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