Business & Economy


‘5,000 MW electricity in five years’ Monday, May 21st, 2018

KATHMANDU: The government has prioritized the target of generating 5000 megawatt of electricity in coming five years. In the government policy and programmes of 2075/076 BS unveiled by President Bidya Devi Bhandari on Monday, the government has kept energy sector as the major base of economic..

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Nepse closes at 1339.65 points Saturday, May 19th, 2018

KATHMANDU: The domestic share market recorded total turnover of one billion 81 million 941 thousand rupees this week. According to the Nepal Stock Exchange Limited, a total of 2,329,440 units of share were traded in this week, which is less than 45.96 percent compared to the previous week. Last..

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Japan to provide Rs 683.2 million in grant Friday, May 18th, 2018

KATHMANDU: Japanese Government has agreed to provide approximately Rs 683.2 million (Japanese Yen 700 million) in grant to Nepal. The grant assistance is under 'the Japan's Grant Aid for the Economic and Social Development Programme'. An agreement to this effect has been signed and exchanged..

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Fuel price increases again Wednesday, May 16th, 2018

KATHMANDU: The price of petroleum products has increased again.  The Nepal Oil Corporation has increased the price of petrol, diesel and kerosene by two rupees per litre to be effective after this midnight. Accordingly the new price of fuel will now be Rs. 110 per litre of petrol and Rs. 92 per..

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NEPSE falls by double digit Monday, May 14th, 2018

KATHMANDU: The Nepal Stock Exchange index continued to tumble with the market that today dipped 10.28 points to close at 1,338. The market saw a dip of 100 points in the past month. The sensitive index which is used to measure the share transactions of the 'A' class companies fell by 2.41 points..

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Public deposit should be secured: Governor Nepal Sunday, May 13th, 2018

KATHMANDU: Nepal Rastra Bank (NRB) governor Dr Chiranjibi Nepal has said that the NRB was committed to ensuring the security of public deposits in Banks and financial institutions. While inaugurating an integrated transaction after the merger between Mega Bank and Tourism Development Bank here in..

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Construction of Arun III inaugurated after five years of MoU Friday, May 11th, 2018

KATHMANDU: Prime Minister KP Sharma Oli and visiting Indian Prime Minister Narendra Modi have jointly initiated the construction of the much-awaited Arun III Hydropower Project. Prime Minister Oli and his Indian counterpart remotely laid the foundation of the construction of the 900-MW capacity..

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Nepal wishes easy access to export and trade balance

KATHMANDU: Visiting Indian Prime Minister Narendra Modi paid a courtesy call on Vice-President Nanda Bahadur Pun this evening. At a meeting held at the Office of Vice-President, Bahadur Bhawan, the two discussed matters related to Nepal-India relations, mutual benefits and bilateral interests. On..

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WB provides 266 million US dollar concessional loan Thursday, May 10th, 2018

KATHMANDU: The World Bank (WB) has agreed to provide concessional loan of 200 million US dollar under the First Programmatic Fiscal and Public Financial Management Development Policy Credit (DPC) in budgetary support and 66 million US dollar for Rani Jamara Kulariya Irrigation Scheme. At a..

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Nepal says ‘no’ to China for multi-billion power project Wednesday, May 9th, 2018

KATHMANDU, (IANS): The Nepal government has said "no" to China to build the Budhi Gandaki hydroelectricity project that was awarded to a Chinese firm by the previous Pushpa Kamal Dahal 'Prachanda'-led dispensation in 2016. The previous government had also asked China to list the project under the..

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Minimum wage from mid-August Saturday, May 5th, 2018

KATHMANDU: Minister for Labour, Employment and Social Security Gokarna Bista has said that a minimum wage for all workers will be fixed from coming August. Speaking at an interaction on 'management of temporary, contract and daily wage workers association here today, he said the minimum wage to be..

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US adds a modest 164,000 jobs; unemployment down to 3.9 pct. Friday, May 4th, 2018

By JOSH BOAK, WASHINGTON (AP) — U.S. employers stepped up hiring modestly in April, and the unemployment rate fell to 3.9 percent, evidence of the economy’s resilience amid the recent stock market chaos and anxieties about a possible trade war. Job growth amounted to a decent 164,000 last..

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3,000 S. Korea returnees to go again for jobs Sunday, April 29th, 2018

KATHMANDU: At least 3,000 returnee migrants from South Korea are likely to go again to South Korea for jobs. Korean government has sent a name list of around 3,000 returnee migrant workers based on their performance. "They have to pass the Korea Language Test (KLT) under the Employment Permit..

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Govt to nationalize non-functional privatized industries Saturday, April 28th, 2018

CHITWAN: Minister for Industry, Commerce and Supplies, Matrika Prasad Yadav has said the industries privatized by the erstwhile government, but not come into operation will be natinalised. Speaking at a press meet organised by the Press Center Nepal, Chitwan, the Industry Minister said the..

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