Business & Economy


Nepal’s industrialist urges government for property refund Friday, July 26th, 2019

KATHMANDU: Former president of Garment Association Nepal, Brij Gopal Inani, has urged the government to return his property to him by removing the Mahalaxmi Garment Industries under his ownership from the black list. Inani, who is also the former president of Asian Textile and Garments Council,..

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CNI and Nepal Chamber of Commerce hails Monetary Policy Thursday, July 25th, 2019

KATHMANDU: The Confederation of Nepalese Industries (CNI) and Nepal Chamber of Commerce (NCC) on Thursday appreciated the Monetary Policy of the current fiscal year 2019/20 for creating the bases for high economic growth of 8.5 per cent and desired inflation. “The Monetary Policy has tried to..

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International migration of Nepalese workers sharply decline Monday, July 22nd, 2019

KATHMANDU: The migration of Nepalese workers has sharply declined in the last couple of months. Nepalese workers going abroad in search of jobs declined by 37.3 per cent in the first 11 months of the last fiscal year, according to a macroeconomic and financial report of Nepal Rastra Bank..

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Japan to provide Rs 639.9 million to Nepal

KATHMANDU: Government of Japan has agreed to provide a grant assistance of Japanese Yen (JPY) 628 million (equivalent to approximately Rs 639.9 million) to Nepal under the Project for Human Resource Development Scholarship (JDS) first and second phase and JPY 300 million (equivalent to..

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Nepal, Georgia sign Visa fee waiver agreement

KATHMANDU: An agreement has been reached between Nepal and Georgia to waive VISA fees for diplomatic and government passport holders of both countries. An agreement was reached in this regard during the secretary-level meeting held between the two sides at the Foreign Ministry on Monday. Foreign..

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DDC starts making profit with new management at helm

Ramesh Lamsal and Ashok Ghimire, KATHMANDU: At a time when most of the government-owned corporations are criticized from all sides as merely being 'white elephants', the Dairy Development Corporation (DDC) has been able to free itself of this tag and proved as the best performing corporation. DDC..

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Nepal begins vehicle and consignment tracking system Wednesday, July 17th, 2019

KATHMANDU: Nepal's vehicle and consignment tracking system (VCTS) has been brought into operation from today. Finance Minister Dr Yuba Raj Khatiwada launched the VCTS amidst a programme here today. The government has launched the web-based ‘vehicle and consignment tracking system’ to keep..

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