Business & Economy


Infrastructure woes persist after deadly Nepal quake

KATHMANDU: Runway damage forced Nepalese authorities to close the main airport Sunday to large aircraft delivering aid to millions of people following the massive earthquake, but U.N. officials said the overall logistics situation was improving. The death toll climbed to at least 7,040, including..

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Nepal shuts only international airport to big jets Sunday, May 3rd, 2015

KATHMANDU, (AP): Despite dire need by millions, earthquake-hit Nepal on Sunday was forced to close its only international airport to big airplanes flying in relief supplies and aid workers because the only runway can't handle the strain of the stream of large aircraft flying in to help. Medium and..

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Online deposits can be made to the PM relief fund Saturday, May 2nd, 2015

KATHMANDU: Any individual or organization within and outside the country wishing to contribute to the Prime Minister's Disaster Relief Fund can do so through online banking system. For any such contributions, one can select an option of one's choice by going through the website..

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US Govt. annoucnes US$ 22.5m in assistance to quake Thursday, April 30th, 2015

KATHMANDU: The United States has announced US$ 22.5 million in assistance to earthquake victims in Nepal. This is in addition to the US$2.5 million in assistance announced to the UN Food Program to help provide food to the quake victims. Addressing a press conference on Thursday, US Ambassador to..

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European Commission extends 3 million Euro in grant assistance  Tuesday, April 28th, 2015

KATHMANDU: The European Commission is extending a grant assistance of 3 million Euro as an immediate response to the havoc wrecked by the massive earthquake which struck on Saturday followed by an endless series of powerful aftershocks. The assistance comes in addition to the assistance from the..

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India urges Nepal to use $1.3 bn credit line Saturday, April 25th, 2015

Elizabeth Roche, New Delhi: India on Friday expressed concern that Nepal had still to make use of the $1.35 billion line of credit extended to it in recent years, lamenting that the Himalayan country had drawn only $150 million till date. Abhay Thakur, joint secretary in-charge of Nepal in the..

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India provides NRs 6.5 million for developing school in Nepal Sunday, April 19th, 2015

KATHMANDU: India has provided NRs 6.5 million as financial assistance for development of a school in western Nepal which will benefit both Nepalese and Indian students. India has given an assistance of NRs 5 million. An additional Memorandum of Understanding was also signed for NRs 1.5 million for..

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India provides 35 vehicles to CIAA Friday, April 17th, 2015

KATHMANDU: The Government of India has gifted 35 vehicles to the Commission for the Investigation of Abuse of Authority (CIAA). Indian Ambassador to Nepal Ranjit Rae handed over the keys of the vehicles to CIAA Chief Lokman Singh Karki at CIAA Office on Thursday. The vehicles include 15 jeeps, 15..

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China eyeing Tibet-Nepal railway: report Thursday, April 9th, 2015

BEIJING: A railway between China and Nepal that could include a tunnel under Mount Everest is under consideration, Chinese state media said on Thursday, as Beijing builds links with a country India regards as firmly within its sphere of influence. The Qinghai-Tibet railway already links the rest..

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Qatar, Nepal likely to set up online link Wednesday, April 8th, 2015

DOHA: Qatar and Nepal have plans to set up an electronic link to share information on Nepali workers to ensure instant communication between the two sides. The Nepali media yesterday reported that the labour ministries of the two countries agreed to establish an online link for the above..

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Labour tops Qatar-Nepal talks agenda Sunday, April 5th, 2015

DOHA: Nepal may urge Qatar to make sure that its nationals coming here to take up jobs are provided work visas free of cost, as also one-way air tickets. Qatari companies give visas to foreign workers free of cost but manpower agencies in their home countries tend to exploit them and squeeze money..

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How China plans to shape new Asian order Saturday, March 28th, 2015

BOAO, China: President Xi Jinping sketched out China's vision for a new security and economic order in Asia, offering to spread the benefits of Chinese prosperity and cooperation across the region. In a speech to a regional forum Saturday, Mr. Xi presented China as a partner willing to "jointly..

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