Business & Economy

NOC reduce LPG price by Rs 35 per cylinder Sunday, August 2nd, 2015

KATHMANDU: Nepal Oil Corporation has reduced the price of the liquefied petroleum gas (LPG) by Rs35 per cylinder. It is probably the first time that the state-owned enterprise has reduced the price of cooking gas . With the revised price, the cooking gas now costs Rs1,435 per cylinder. Previously,..

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Chinese armed police enters Nepal from Tibet to repair highway Saturday, August 1st, 2015

BEIJING: Chinese armed transport police entered Nepal from Tibet today to help repair the rain-ravaged China-Nepal Highway at the request of the Nepalese government. With the approval of China's central authorities, around 100 armed police officers and more than 30 excavators entered Nepal through..

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Manpower companies to reopen tomorrow Sunday, July 26th, 2015

KATHMANDU: The manpower agencies closed for two weeks are to reopen from Sunday after an agreement was reached between the Ministry of Labor and Employment and the Foreign Employment Entrepreneurs’ Association. The Association was in agitation after the government decided free visa and tickets..

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Yarcha pickers taken ill in Dolpa Saturday, July 25th, 2015

DOLPA: With the end of season to collect the Yarchagumba, Ophiocordyceps sinensis, in the Himalayas this year, the number of patients visiting the district hospital has gone up. The hospital said that most of the patients are returnee Yarsagumba pickers. As high as 80 patients have reached the..

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China announces Rs one billion reconstruction aid Thursday, July 23rd, 2015

KATHMANDU: China has announced it is to immediately implement the reconstruction of the infrastructures damaged by the earthquake and to provide Rs one billion in financial assistance for the same. Nepal’s northern neighbor declared this in the Joint Bilateral Meeting on Post Disaster..

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Award for rehabilitating Nepal Wednesday, July 22nd, 2015

KATHMANDU: The International Centre for Integrated Mountain Development (ICIMOD) based here has been awarded the Humanitarian GIS Award for its rehabilitation work after the massive earthquake in Nepal in April 25. The award was announced at the 2015 International User Conference of the..

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Greek banks to reopen Monday with restrictions

ATHENS, Greece, (AP): Greece's government says the country's banks will reopen Monday after being closed for three weeks but cautioned that restrictions on withdrawals would only be lifted gradually. Deputy Finance Minister Dimitris Mardas made in the announcement Thursday evening on state-run ERT..

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UML forms talks team to negotiate budgetary issues with NC Thursday, July 16th, 2015

KATHMANDU: The CPN-UML, the coalition partner in the incumbent government, has formed a three-member talks team to negotiate budgetary issues with the Nepali Congress. The committee was formed by a standing committee meeting of the party held at the Parliamentary Party Office in Singha Durbar on..

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Nepal unveils subsidy-heavy $8.19 bn post-quake budget Tuesday, July 14th, 2015

KATHMANDU, (AFP): Nepal’s government Tuesday unveiled the first budget drawn up since April’s massive earthquake, with a focus on funding reconstruction and reviving the battered economy through subsidies and low-cost loans. Finance minister Ram Sharan Mahat outlined a $8.19 billion budget,..

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GI Tech joins hands with RBL Bank, Prabhu Money of Nepal Sunday, July 12th, 2015

CHENNAI: Payment solution company GI Technology has tied up with Prabhu Money Transfer of Nepal and RBL Bank to offer Indo-Nepal remittance services for the Nepalese diaspora in India. This tie-up will facilitate the migrants in India to remit money back home in Nepal instantly, said Ramu..

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Govt to announce budget Tuesday

KATHMANDU: The government is all set to bring budget for the fiscal year 2015/16 on Tuesday. The budget will be presented at the Legislature-Parliament meeting, told Nepali Congress Joint General Secretary and lawmaker Purna Bahadur Khadka. The government is preparing to present the budget of..

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Germany to provide Rs 3.20 bn grant assistance to Nepal Thursday, July 9th, 2015

KATHMANDU: The Government of the Federal Republic of Germany has agreed to provide grant assistance of Rs 3.20 billion (Euro 29 million) as financial cooperation for the implementation of different projects. Of the total grant assistance, Euro 27 million was allocated for 2014-15 and Euro 2..

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Reconstruction, fighting corruption among Nepal’s priorities Wednesday, July 8th, 2015

KATHMANDU: The Nepal government on Wednesday unveiled its policies and programmes, setting the earthquake devastated country's reconstruction, fighting corruption and economic development as its top priorities. The government will prepare current, mid-term and long-term working plans for..

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