Inside Story

A Look at Nepal’s Progress in Earthquake Recovery Tuesday, April 25th, 2017

KATHMANDU, (AP): Two years ago, Nepal was ravaged by a massive 7.8-magnitude earthquake that killed nearly 9,000 people and left another 4 million homeless as their humble homes built from brick and stone were toppled within seconds. Only a small number have managed to rebuild since then, with the..

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Trade deficit increases by 71 per cent Friday, February 10th, 2017

KATHMANDU: The trade deficit has gone up by 71.3 per cent in the first six month of the current fiscal year, thanks to heavy increase in goods import despite normal rise in the exports in the country. According to a statistics released by the Trade and Exports Promotion Centre in the Capital on..

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ADB to provide loan assistance for SSDP implementation Saturday, December 3rd, 2016

KATHMANDU: The Asian Development Bank has agreed to provide US dollar 120 million loan equivalent to Rs 13,111 million for the implementation of School Sector Development Plan (SSDP). More, the ADB is to provide technical assistance worth Rs 54.5 million for the capacity development technical..

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Ncell transfers Rs 9.97 billion to the government Monday, May 9th, 2016

KATHMANDU: Ncell a private telecom company in Nepal, transferred Rs 9.97 billion to the state coffers, as per the instructions issued by the government to pay applicable capital gains tax on Ncell buyout deal. The amount deposited today, as per Ncell, is 15 per cent of the gains made by..

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Europe recouping losses, Asia muted after Belgian attacks Wednesday, March 23rd, 2016

TOKYO, (AP): European share prices appeared headed to recoup losses that had followed the deadly bombings in Belgium, while Asian stock indexes mostly fell, although moderately, on Wednesday in cautious trading. KEEPING SCORE: France's CAC 40 recovered 0.6 percent in early trading to 4,456.18...

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Is flying business class from Dubai to Muscat worth the money? Monday, February 29th, 2016

While it might be difficult to be adversely affected by a 45-minute flight to Muscat from Dubai, flydubai’s business-class cabin made the short hop that much more comfortable and convenient. But at Dh1,300, it could be considered a little pricey for such a short trip. An economy ticket would set..

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Nepal Rastra Bank Governor proposes 4 names for deputies Saturday, January 30th, 2016

KATHMANDU: Four Nepal Rastra Bank officials have been recommended for the two vacant posts of Deputy Governor. The NRB Governor Chiranjibi Nepal recommended Chintamani Siwakoti, Narayan Paudel, Trilochan Pangeni and Shiva Nath Pandey to the posts. Paudel is from the Bank Supervision Department,..

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Agriculture Dev Bank to invest further investment in agro sector Thursday, January 21st, 2016

KATHMANDU: The Agriculture Development Bank is to invest special investment for the commercialization and modernization of agriculture of 14 quake-hit districts. The Bank has Rs 13 billion as authorized capital and Rs 9.86 billion as current capital. At a programme organised on the occasion of..

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Mewa micro hydropower to come to operation soon Sunday, January 17th, 2016

KHOTANG: The under-construction Mewa Rivulet Hydropower Project based in Khotang district will come into operation from coming mid-April. The construction of 1-MW hydropower project is almost in the final stage with possibility of its full-fledged operation after three months. Having total..

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Gold price increased, silver constant Sunday, January 10th, 2016

KATHMANDU: Gold price increased by a whopping Rs 2,000 per tola, while silver remained stable over the week, from January 3 to 8. According to BullionVault, over the 10 years since 2006, January has become gold’s single best month of the year, showing a fall only twice in dollar terms, and..

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Over 20,000 industries closed due to blockade, Tarai unrest Saturday, January 2nd, 2016

KATHMANDU: More than 20,000 big and small industries were closed in the country in recent period due to the unofficial border blockade imposed by India. Addressing the 36th annual general meeting of the Lalitpur Chamber of Commerce and Industry (LCCI) here today, President of the Federation of..

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Energy saving methods can save millions: Report Wednesday, December 9th, 2015

KATHMANDU: Energy efficiency intervention can save energy significantly, a project report shows. “Energy saving methods applied in 126 Nepali companies for a year saved Rs 95 million worth of energy and material costs,” a report prepared by Sustainable and Efficient Industrial Development..

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US adds more support to Nepal reconstruction efforts Wednesday, October 28th, 2015

KATHMANDU: The United States on Wednesday announced three programmes to support the Nepal government in post-earthquake reconstruction efforts. The US government, through the US Agency for International Development (USAID), would support Nepal’s model of owner-driven housing reconstruction..

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Dollar, bond yields rise on Fed rate risk Wednesday, August 5th, 2015

BY WAYNE COLE, SYDNEY, (REUTERS): Asian share markets were in a mixed mood on Wednesday as the mounting risks of a hike in U.S. interest rates as early as next month lifted the dollar and bond yields, pressuring currencies across the region. Moves were mostly minor with Japan's Nikkei .N225 up 0.2..

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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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