Business & Economy

Gold price increases by Rs 1,200 per tola Thursday, August 15th, 2019

KATHMANDU: Gold price that is continuously on rise for few days has increased by 1,200 per tola (11.333 grams) today. The yellow metal was traded at the cost of Rs 70,300 per tola on Wednesday while it is being traded at Rs 71,500 today, according to the Federation of Nepal Gold and Silver..

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Nepal Far West State urges to open Dodhara-Chandani dry port Wednesday, August 14th, 2019

KATHMANDU: A delegation from the Far West State drew the attention of Minister for Foreign Affairs Pradeep Kumar Gyawali to take initiatives to open Tanakpur transit and Dodhara-Chandani dry port. The delegation led by Minister for Physical Infrastructure Development of the State Pathan Singh..

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Nepal fuel worth Rs. 216 billion imported last fiscal year Monday, August 12th, 2019

KATHMANDU: Nepal spent around Rs. 216.42 billion to import fuel in the fiscal year 2018/19. Fuel import in terms of cash surged by 25.2 per cent last fiscal year compared to same period the previous fiscal year. The country imported fuel worth Rs. 172.88 billion in the fiscal year 2017/18. The..

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Mechinagar evolving into industrial hub Sunday, August 11th, 2019

Chandrakala Bhandari, JHAPA The Mechinagar municipality of Jhapa district, which has direct trade ties with India, Bhutan and Bangladesh, is being evolved into an industrial hub in the eastern part the country. The easiness and facilities of transportation, banking and favorable environment for..

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Iwakhola project being connected to national grid Tuesday, August 6th, 2019

PANCHTHAR: The 9.9 megawatt Iwakhola hydro power project is to be integrated with the national transmission line next week. According to Kubermani Nepal, director of Rairang Hydro Power Company Limited, the project has undergone the test of power generation in an internal manner. With the..

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Nepal Infrastructure Summit to be held on Sept 11-12 Friday, August 2nd, 2019

KATHMANDU: Confederation of Nepalese Industries (CNI) is going to organise third series of Nepal Investment Summit on September 11 and 12, 2019 in Kathmandu. The third Nepal Infrastructure Summit 2019 will assemble over 500 participants, according to a press statement of CNI. The summit will..

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Trump threatens 10% tariffs on China; stocks plummet on news Thursday, August 1st, 2019

WASHINGTON (AP): President Donald Trump announced Thursday the U.S. will apply a new tariff of 10% on about $300 billion worth of products from China beginning Sept. 1, escalating the two countries’ festering trade dispute. Trump tweeted amid slow-moving talks with China that negotiations will..

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Gorkha Brewery asked to pay taxes within seven days

CHITWAN: The Inland Revenue Office, Bharatpur has issued an order to the Gorkha Brewery to determine its final excise duty. The Office has asked the Brewery to clear the taxes due to be paid for last two fiscal years that stands at over Rs 870 million within seven days. Office Chief Shubha Prasad..

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Reference interest rate in offing for cooperatives Tuesday, July 30th, 2019

KATHMANDU: The Department of Cooperatives (DoC) is all set to implement the reference interest rate for the cooperatives. Dr. Tok Raj Pandey, Registrar of the DoC, said on Tuesday that the DoC would implement the interest rates at any cost. “Feelings and emotions do not deter us from practicing..

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Nepal commercial banks ignoring Central Bank directive

KATHMANDU: Almost all the commercial banks in the country are found ignoring Nepal Rastra Bank (NRB)'s request to compulsorily increase the investment in the agriculture sector to 10 per cent. The Monetary Policy recently released by the Central Bank states that the commercial banks have only..

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Women entrepreneurs for friendly trade policy Sunday, July 28th, 2019

KASKI: Women entrepreneurs based in the Gandaki State have demanded a women-friendly trade policy Women entrepreneurs present in a mass gathering hosted by the Women Entrepreneurs Sub Committee of Pokhara Chamber of Commerce and Industry here today raised the voice for the business policy friendly..

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