Inflation goes up to 6.21 per cent21 Nov, 2019
Food and beverage inflation stood at 7.04 per cent whereas non-food and service inflation stood at 5.55 per cent in the review month, according to a macroeconomic and financial report of Nepal Rastra Bank (NRB).
"Australian investors are interested to Nepal"20 Nov, 2019
"Small and medium investors have shown their interest to make investment in Nepal. If the country creates environment favourable for small investors, Australian investors will come for investment in agriculture, water resource and tourism," he said while speaking at an interaction with Nepali businesspersons at Nepal Chamber of Commerce (NCC).
ADB-Nepal conduct joint review of projectsBy RSS
The Asian Development Bank (ADB) and the Government of Nepal today conducted a tripartite portfolio review meeting of ADB-supported projects in the country. The objective of the review was to improve project implementation and help deliver timely and effective development results on the ground.
WB advises strong central rules to hasten growth19 Nov, 2019
The bank had suggested making strong central rules to facilitate the market integration.
Private forest becoming good source of incomeBy RSS
The forest has become a lucrative source of income from its timber products including herbal farming. With this, local people are enthusiastically engaged in transforming their barren land to private forest.
Global IME Bank to grant 25.5 percent dividendsBy RSS
The 13th annual general meeting (AGM) of the Global IME Bank Limited concluded with a decision to provide 25.5 percent dividends to shareholders in the fiscal year 2075/76 BS.
Nepali rupee weakens further against dollar18 Nov, 2019
The Nepali rupee against US dollar has depreciated continuously for the last 10 days as the Nepal Rastra Bank (NRB) Monday fixed the selling exchange rate of one U.S. dollar at Rs 115.16.
Emirates announces order for 50 Airbus A350s worth $16B18 Nov, 2019
Separately, the Emirati budget carrier Air Arabia announced the purchase of 120 new Airbus planes in deal worth $14 billion.
PM inaugurates Upper Trishuli 3 'A' Hydroelectricity Project18 Nov, 2019
Prime Minister KP Sharma Oli has expressed concern over 'the practice of seeking undue compensation' in the works of development and construction. "The tendency to ask for excessive compensation from the government has become prevalent while harbouring the thinking that minimum revenue should be extracted by the state when selling their land or property. This kind of tendency is delaying the development works," PM Oli said.
17 deep tubewells worth over 30 million constructed in Bara, ParsaBy RSS
The Division Office of Water Resources and Irrigation Development in Parsa district has constructed altogether 17 deep tubewells at the cost of Rs 30.5. Constructed under the unconditional grant scheme of State No 2 in 11 places in Bara and six in Parsa, the newly installed deep tubewells have provided irrigation facility in 425 bigaha of land in both districts.
Media should prioritise contents that will promote industry: IndustrialistsBy RSS
Rupandehi-based industrialists have urged the media to prioritise news that would help promote industries and trade. The media should raise problems facing industrialists and traders and cover news about new technology and progress in the area of industry, they suggested at a discussion between editors of various media outlets and industrialists coordinated by the Federation of Nepali Journalists (FNJ), Rupandehi on the eve of the news festival in Rupandehi district.
US approves new drug to manage sickle cell disease17 Nov, 2019
U.S. regulators on Friday approved a new medicine that can help reduce extremely painful sickle cell disease flare-ups. The Food and Drug Administration approved Novartis AG’s Adakveo for patients 16 and older.
Work with honesty, competition to transform Nepal Bank: Finance MinisterBy RSS
He went on to say that the Bank which had been once in a crisis due to a negative capital fund and high bad debt arrived to this situation following the enforcement of Nepal Bank Financial Area Sector and now had regained its reputation. "Now the Bank's profit is satisfactory, has a positive capital fund and a less ratio of bad debt."
Chandragiri Hills Resort bags Best Int'l AwardBy RSS
Lawmaker at Indian Rajya Sabha and former minister Bijay Goyal handed over the award to the founding chairman and proprietor of Chandragiri Hills, Hemraj Dhakal, at a programme in India on Friday.
Second factory at Bhairahawa starts commercial production15 Nov, 2019
Global Private Limited came into operation in the SEZ, Bhairahawa, aiming to export its product in the international market.
18m Nepali people have bank accounts15 Nov, 2019
Nepali people’s access to finance has increased significantly over the years, thanks to the financial literacy campaign launched by the Nepal Rastra Bank and other banks and financial institutions.
61 % people in Nepal have access to finance14 Nov, 2019
Nepali people’s access to finance has increased significantly over the years, thanks to the financial literacy campaign launched by the Nepal Rastra Bank and other banks and financial institutions. Around 61 per cent people have at least a deposit account in the banks and financial institutions.
Global stocks sink after Trump threatens more China tariffs13 Nov, 2019
Market benchmarks in London, Frankfurt, Shanghai and Tokyo declined.
Stock market continues bearish trend13 Nov, 2019
The NEPSE which had decreased by 5.61 points on Tuesday posted a decline by 4.80 points on Wednesday. Earlier, the index had increased by 13.77 points on Monday. The NEPSE is hovering in between 1130 to 1150 points for the last one month.