Fertiliser shortage hits farmersBy Laxman Kafle
Skyrocketing price hike of chemical fertilisers in the international market is leading to an acute shortage of chemical fertilisers in Nepal. “The price of chemical fertiliser has tripled in the international market this year compared to last year. There is a problem in the purchase as the price of chemical manure continues to rise, said Netra Bahadur Bhandari, managing director of Agriculture Inputs Company (AICL).
116 industries registered in four months at Rs. 135 billion investmentBy Laxman Kafle
Domestic and foreign investment of around Rs. 159 billion has been proposed during the first four months of the current fiscal year 2021/22. According to the Department of Industry, domestic and foreign industries with an investment of Rs. 159.04 billion have been proposed in the first four months of the current fiscal year. As of mid-November of the current fiscal year 2021/22, a total of 116 industries both domestic and foreign have been registered with an investment of Rs. 134.86 billion, said...
‘International market determines fuel prices’By Laxman Kafle
The soaring price of petroleum products in the international market is leading to fuel price hike in the domestic market, said an official. “We are adjusting fuel prices based on the auto pricing system, under which fuel cost has been adjusted based on international prices,” said Binitmani Upadhyay, spokesperson and deputy director of the Nepal Oil Corporation (NOC).
Nepal begins to export electricity to IndiaBy Laxman Kafle
Nepal has been permitted to sell electricity at a competitive rate in the Indian energy market. The Ministry of Power of India, the body approving inter-country electricity trade, on Monday gave the Nepal Electricity Authority (NEA) the permission to sell electricity in the Indian Energy Exchange market. In the first phase, the NEA is allowed to sell 39 MW of electricity generated from 24 MW of Trishuli and 15 MW of Devighat hydropower plants in Nuwakot as a source to the Indian Energy Exchange...
NRB gears up to revive coin mintingBy Laxman Kafle
Minting of gold coins (asharfi) and commemorative coins has resumed after two years’ hiatus in lack of office space for the Mint Division of Nepal Rastra Bank, as its previous office located at Sundhara was demolished for the reconstruction of the Dharahara tower. The Mint Division had been shifted to a building of the Nepal Aushadhi Limited, Babarmahal from Sundhara and it has begun minting asharfis (gold coins), Binod Raj Acharya, director of the division, said. After the government opted...
NEA granted survey license for 490-MW NEA granted survey license for 490-MW Arun-IV ProjectBy Laxman Kafle
The government has given survey license of the 490.2 MW Arun-IV picking run of river hydropower project in the Arun River to Nepal Electricity Authority (NEA). The Ministry of Energy, Water Resources and Irrigation has decided to give the license of the project located in Bhotkhola and Makalu Rural Municipalities of Sankhuwasabha to the power utility. The Department of Electricity Development has already completed a detailed design and study of the project. The NEA had applied to the Department...
Farmers likely to face fertiliser shortage for winter cropsBy Laxman Kafle
Farmers may face fertiliser shortage even in winter crops due to the inability of the authorities to manage needed fertilisers in a timely manner. The season for planting winter crops, including mustard, wheat and potatoes has started across the country, but there is no management for the adequate availability of chemical fertilisers required for winter crops till date, said the officials.
Paddy crops worth over Rs. 7.2 billion destroyed: MinistryBy Laxman Kafle
Agricultural crops, especially paddy, worth billions of rupees have been destroyed by floods and landslides triggered by the post-monsoon rains across Nepal, according to a preliminary report of the Ministry of Agriculture and Livestock Development.
Price hike of goods on eve of Dashain worries consumersBy Laxman Kafle
As Dashain and Tihar, the two big festivals of Nepali people, are approaching nearer, prices of essentials, including cooking oil, ghee, pulses, lentils and food grains have skyrocketed in the market. According to Nepal Retailer Association, prices of daily essentials have increased by 5-10 per cent on average in the last two months.
Energy roadmap launched for achieving SDG-7By Laxman Kafle
Minister for Energy, Water Resources and Irrigation Pampha Bhusal formally launched the roadmap for achieving the Sustainable Development Goals (SDG-7) on Monday. The roadmap aims to provide access to affordable and clean energy to all by 2030, increase the production of renewable energy and increase energy efficiency. It needs to ensure sustained economic growth as well as respond to increasing energy demand, reduce emissions, and consider and capitalise on the interlinkages between Sustainable...