Business & Economy

IBN finalize Arun-III PDA with rider

KATHMANDU: The board of directors of the Investment Board Nepal has approved the final draft of the Project Development Agreement on 900-megawatt Arun-III hydroelectric project on condition that a few amendments be made to the pact. The conditional endorsement was extended by the IBN’s board..

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China, Nepal sign MOU to develop border districts Friday, November 21st, 2014

KATHMANDU, (Xinhua): China agreed on Thursday to provide 10 million yuan (1.63 million US dollars) annually from 2014 to 2018 to help Nepal develop its northern districts bordering with China's Tibet Autonomous Region. According to a Memorandum of Understanding signed by Purna Chandr Bhattarai,..

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India, Nepal to sign agreement on tourism Thursday, November 20th, 2014

New Delhi: India and Nepal will sign an agreement on tourism during Prime Minister Narendra Modi's forthcoming visit to the country, the government said Thursday. The approval for signing of the memorandum of understanding was given by the union cabinet at a meeting chaired by Modi Thursday, an..

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India readies proposal to double power to Nepal

Anil Sasi, New Delhi: Marking a significant step in its nascent electricity diplomacy efforts, India has agreed to provide 150 MW of power to Nepal in addition to the 120-140 MW of power that it exports currently. The move will effectively double the export of power to Nepal and significantly..

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Nepal, India to sign deal for 900 MW Arun power project Sunday, November 16th, 2014

KATHMANDU: Nepal and India are likely to sign an agreement for the construction of a 900 MW power project during the visit of Indian Prime Minister Narendra Modi for the upcoming SAARC summit Kathmandu. The agreement for the Arun Hydropower Project being developed by Satluj Vidyut Nigam will be..

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‘Nepal needs regulatory reforms for power trading with India Friday, November 14th, 2014

KATHMANDU: Welcoming the signing of Power Trading Agreement and Project Development Agreement between Nepal and India, an autonomous organisation here has asked the government to introduce reforms and legal framework to pave way for power trading between the two countries. Nepal, which is a power..

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Nepal delegation meets small-scale industry body members Saturday, November 8th, 2014

Thane: 12-member delegation from Nepal met representatives of small-scale industries from Thane and exchanged ideas and shared experience. The team of Government officers from Nepal held over an hour-long discussion with the representatives of Thane Small-Scale Industries Association (TSSIA)..

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Many industries closed

KATHMANDU: More than half of the small and cottage industries have shut down in the recent times due to their poor operational standards, the Federation of Small and Cottage Industry said. Chairman of federation Shyam Giri said only 140,000 small and cottage industries are in operation out of..

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Best President Awards to Dolpa Farmers Friday, November 7th, 2014

KHALANGA: Three farmers from Dolpa district have been conferred on the Best President Award for their significant contribution to agriculture. Chhabi Kumar Shrestha from Rangsi-5, Gyan Bahadur Gharti from Libang-4, and Ransing Budha from Ghartigaon-8 were provided the awards at a programme..

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Nepal, India finalise PDA for 900 MW Arun III Project Thursday, November 6th, 2014

KATHMANDU: Nepal and India have agreed to a draft of the second Project Development Agreement (PDA) aimed to generate hydroelectric power in the Himalayan nation and the agreement may be signed during Prime Minister Narendra Modi's visit here this month. Both the sides agreed to the 900 MW Arun..

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India, Nepal hold negotiations for 900 MW power project

KATHMANDU: India and Nepal are holding negotiations to sign a second Project Development Agreement (PDA) to generate hydorelectric power in the Himalayan nation endowed with rich water resources. The negotiations for the 900 MW Arun-III project between Investment Board Nepal (IBN) and Satluj Jal..

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Central Bank to issue coins commemorating SAARC summit Wednesday, November 5th, 2014

KATHMANDU: The central bank of Nepal will issue silver coins of NPR 2,000 denomination with the logo of SAARC to commemorate the 18th SAARC summit to be hosted by the country here later this month. The Nepal Rastra Bank (NRB) will issue 3,000 coins with NPR (Nepalese Rupees) 2,000 denomination on..

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NAC’s new aircraft arrives from China Monday, November 3rd, 2014

KATHMANDU: The second aircraft granted by the government of China to Nepal Airlines Corporation (NAC) arrived in Kathmandu on Monday. According to NAC, an 18-seater Y12E aircraft manufactured in China landed at Tribhuvan International Airport (TIA) at 2 pm. The aircraft was flown to Kathmandu by..

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Nepal, India finalise road transport agreement Sunday, November 2nd, 2014

KATHMANDU: In a bid to boost people-to-people contact and tourism in the region, Nepal and India have finalised a new agreement that envisages bus services from Kathmandu and Pokhara to New Delhi and Varanasi. The Motor Vehicle Agreement will be signed during the visit of Indian Prime Minister..

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Farmers attracted towards asparagus farming Friday, October 31st, 2014

RUKUM: Farmers of Garayala VDC in Rukum district are drawn towards asparagus cultivation after they started making good income from this as compared to other crops Lal Bahadur Oli, Balaram Pun and Tilak Oli of Garayala-1, have started getting good income from asparagus farming. They have started..

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Nepal-Korea sign FAG Thursday, October 30th, 2014

KATHMANDU: The government of Nepal and the government of the Republic of Korea have signed a Framework Agreement for Grant at the Ministry of Finance today. The objective of the agreement is to specify terms and procedures of grant aid programmes of Korea to Nepal.The framework agreement for grant..

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