Two Nepali and five Indian banks to invest Rs 100 billion in Arun-IIIBy RSS
Financial closure for Arun III hydropower project has finally been managed as Everest Bank and NABIL Bank and five other Indian banks pledge to invest Rs 100 in the project to be developed by Sutlej Electricity Corporation of India. With the financial closure, the project is expected to take its momentum.
China cuts tariffs on $75B of US imports in trade truce06 Feb, 2020
The cuts follow last month’s signing of a “Phase 1” agreement toward ending a long-running tariff war over Beijing’s technology ambitions and trade surplus. Both sides have made conciliatory gestures but the lingering dispute threatens to chill global economic growth.
WB approves US$ 200 million for earthquake housing reconstructionBy RSS
The World Bank has approved an additional credit of US$ 200 million (NPR 22.82 billion approximately) for the implementation of the Earthquake Housing Reconstruction Project (EHRP) in Nepal on January 14, 2020. An agreement to this effect was signed today by Mr Shreekrishna Nepal, Joint Secretary, Ministry of Finance and Mr Faris H Hadad-Zervos, World Bank Country Manager for Nepal.
Monitoring shows illegal operation of crusher industriesBy RSS
The District Monitoring Committee has drawn a conclusion that most of the crusher indus-tries are being illegally operated in Jhapa. In keeping with the conclusion, efforts are also being initiated to immediately shut such industries.
Works done in tandem with all stakeholders for success of VNY 2020: Minister BhattaraiBy RSS
Former Prime Minister Madhav Kumar Nepal described tourism as the backbone for the country's economic development and suggested to the government to prepare programmes for the promotion of tourism in coordination with all three levels of government.
Traders raising price of garlic artificially05 Feb, 2020
They have increased the price by more than 100 per cent by taking advantage of the supply problem caused by coronavirus in China. Nepal heavily depends on China to meet the demand of garlic and other fruits.
HAN asks tourists not to panic saying Nepal is safe from coronavirus04 Feb, 2020
At a news conference today in the capital, HAN said that tourists have not cancelled their hotel bookings in Nepal and ruled out the rumors spread about it.
Fossil fuel consumption drops in recent years03 Feb, 2020
The yearly growth of fuel consumption has stood at 7-8 per cent at present while it was 15-20 per cent a few years ago
Himalaya Airlines suspends flights to coronavirus affected cities in ChinaBy RSS
Himalaya Airlines has suspended its flights to three cities of China in the wake of coronovirus epidemic that has left over 300 dead and hundreds other infected in China. The infection was first detected in Wuhan in China. It had issued a notice few days back announcing the suspension of the flights to the Chinese cities until further notice.
Gold price hits Rs. 76,500 per tola03 Feb, 2020
The price of gold has increased by 500 per tola in the local market on Sunday. The yellow metal was traded at Rs. 76,500 per tola today. The price of gold had reached Rs. 76,500 per tola on January 3, 2020 which was the highest price of gold ever recorded in Nepal. The price of gold has increased in the international market which led to a rise in its price in the domestic market, said Tej Ratna Shakya, special member of Federation of Gold and Silver Dealers’ Association.
NEPSE makes substantial growth02 Feb, 2020
Nepal Stock Exchange (NEPSE), benchmark capital market index, has posted a double digit growth of 21.26 points with the turnover of Rs. 2.07 billion today.
Construction of transmission line takes pace after 9 years02 Feb, 2020
Construction of 40 Kilometers transmission line from Singati, Dolakha to Lamosanghu of Sindupalchowk has taken pace after nine years. The construction project was supposed to be finished on 2012.
Finance Minister getting flexible towards business communityBy Laxman Kafle
Business leaders have said that they have, of late, witnessed encouraging changes in opinion and behaviour of Finance Minister Dr. Yuba Raj Khatiwada towards the private sector.
Stocks drop again after virus declared global emergency31 Jan, 2020
Stock markets turned lower again on Friday after world health authorities declared the virus pandemic that has spread from China to more than a dozen countries a global emergency.
Letter sent to India asking to lift restrictions on palm oil trade31 Jan, 2020
Packing of palm oil in Nepal was consumer based, not in bulk quantity; its refinery is quality and meets the provision of value addition to export.
Frequent winter rain damages vegetable crops in BankeBy RSS
According to the Agriculture Knowledge Centre Banke's crops protection officer Sakil Ahamad, several varieties of vegetable crops such as potato, tomato, cauliflower, cabbage and chilly farming were damaged by winter rains.
Storage problem hinders full operation of Amlekhgunj Motihari pipeline30 Jan, 2020
“This pipeline is operating for only 15 to 18 days a month. Due to lack of storage facility, we are unable to derive maximum benefit by operating it in its full capacity,”
Govt in search of competent head to rescue sinking NAC29 Jan, 2020
“We are searching for a capable person to lead the NAC and carry out effective reforms for the improvement of the corporation,” Minister Bhattarai said.
Airlines suspend China flights, cut services on virus fears29 Jan, 2020
China has cut off access to the central city of Wuhan, epicenter of the outbreak, and 16 other cities to prevent people from leaving and spreading the virus further.