Business & Economy

Nepal Airlines begins Kathmandu-Osaka flight

KATHMANDU: National flag carrier Nepal Airlines Corporation (NAC) has operated commercial flights to Osaka of Japan from today. NAC will operate direct flights to Osaka with wide-body 'A' 3030 aircraft for the first time, according to the Nepal Airlines Corporation. Minister for Culture, Tourism..

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Nepal-Malaysia technical committee holding meeting Wednesday, August 28th, 2019

KATHMANDU: The Nepal-Malaysia technical committee is to hold a meeting on September 10 and 11 in order to ensure employment security to the Nepali workers in Malaysia. Although the two countries reached a bilateral labour agreement, some technical issues were yet to be finalized, said the Ministry..

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Gold price decreases by Rs. 900 per Tola

KATHMANDU: Gold prices have decreased by Rs. 900 per Tola on Tuesday. The price of gold had gone up to Rs. 73,500 on Monday with a hike of Rs. 1,000 per Tola.  This has decreased to Rs. 72,600 per Tola on Tuesday, confirms Nepal Gold Exchange Traders Federation. The federation says the price of..

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Ncell asked to pay capital gain tax Monday, August 26th, 2019

KATHMANDU: The Supreme Court has concluded that the Ncell, telecom service provider company, has to pay capital gain tax only from the day that it came to know about it. A full bench of justices Tej Bahadur KC, Pursottam Bhandari, Damber Jung Shahi, Sushmalata Mathema, Manoj Kumar Sharma handed..

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Nepal tops all on number of cooperatives Saturday, August 24th, 2019

KATHMANDU: Nepal has more cooperatives than its neighbors and any developed countries in the world. The country has unexpectedly high number of cooperatives given its population and size of the economy, said Shashi Kumar Lamsal, Deputy Registrar of the Department of Cooperatives (DoC). The United..

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Kulekhani Third to contribute 14 MW to national grid Wednesday, August 21st, 2019

MAKWANPUR: The Kulekhani Third Hydropower Project is generating 14-MW electricity before Dashain festival that falls on early weeks of October. The project being constructed at Bhimphedi rural municipality-1, Sanotar in Makawanpur is contributing 14-MW to the national grid. In this connection,..

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Nepal’s Food Corporation and National Trading merged Tuesday, August 20th, 2019

KATHMANDU: The Nepal Food Corporation and National Trading Limited have been merged to form the ' Food Management and Trade Company'. Earlier, the government had decided to merge two companies for making a single entity. The new entity has come into operation after getting registered at the Office..

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Review panel recommends to increase price of milk Monday, August 19th, 2019

KATHMANDU: The milk price recommendation committee has suggested increasing milk price by 9 to12 per cent. The committee formed to review the milk price submitted its report to the Ministry of Agriculture and Livestock Development on Monday The ministry on Wednesday last week had formed an..

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Nepal Stock Exchange index decline continues Saturday, August 17th, 2019

KATHMANDU: The benchmark capital market index NEPSE declined by 14.52 points over the week. The NEPSE index opened with 1238.56 points on Sunday, declined by 1.17 per cent over the week to close at 1224.04 points on Thursday. The NEPSE index is showing continuous declining trend for last couple of..

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