Business & Economy


China Eyes Pipeline Sale Plan :: By Michael Lelyveld Monday, June 1st, 2015

China's government appears to be planning a major restructuring of its petroleum industry that would force state-owned giants to sell their pipeline networks. The limited breakup of the oil and gas monopolies under consideration by the National Development and Reform Commission (NDRC) would..

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India eases norms to facilitate relief supply to Nepal

Shubhajit Roy, New Delhi: In a bid to facilitate movement of relief supplies sent by foreign governments and agencies like Red Cross and UN to quake-hit Nepal, New Delhi has waived security deposits and increased transit points from two to eight. This assumes significance as Prime Minister..

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Everest Hotel Building Is Marked As Unsafe With Red Sticker Tuesday, May 26th, 2015

KATHMANDU: The Everest Hotel at Kathmandu is marked with the red sticker by the team consisting of Senior Divisional Engineer Department of Urban Development and Building Construction Kosh Nath Adhikari after the inspecting the major cracks following April 25 earthquake. Previously it was..

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Rs 17 million collected for PM’s disaster relief fund Monday, May 25th, 2015

BIRATNAGAR: More than Rs 17 million has been collected in Morang district to deposit it in the PM's disaster relief fund. Chief District Officer Ganesh Raj Karki on Sunday informed that more than 17 million rupees was collected for the PM's disaster relief fund so as to help the victims of recent..

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Indian leader Kejriwal assures support to Nepal

KATHMANDU: Nepal's Ambassador to India Deep Kumar Upadhyaya has intensified meeting with Indian leaders with the purpose of garnering further support from India to Nepal in the aftermath of the devastating earthquake that struck the country on April 25. In this connection, Ambassador Upadhyaya..

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US announces additional $9 million for Nepal Wednesday, May 20th, 2015

KATHMANDU: The United States government on Tuesday announced an additional $9 million in assistance dedicated to earthquake response and recovery efforts in Nepal. The announcement brings the total amount of US humanitarian assistance for the disaster to nearly $47 million, including: $32.5 million..

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PM Relief Fund receives Rs 3.25 billion

KATHMANDU: The Prime Minister Natural Disaster Relief Fund meant for the assistance of quake survivors has received a total of around Rs 3.252 billion. According to the Office of Prime Minister and Council of Ministers (OPMCM), the amount was collected from different non-profit-making social..

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Brick business booms as Nepal readies to rebuild after quake Sunday, May 17th, 2015

By BINAJ GURUBACHARYA, BHAKTAPUR, Nepal, (AP): The worn-out workers of Jaya Mayaswori Brick Factory are packing clay and hauling loads with a new sense of purpose — helping to rebuild Nepal after a series of massive earthquakes and aftershocks ravaged the Himalayan nation, leaving hundreds of..

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