Upper Tamakoshi set to generate power from May endBy The Rising Nepal
The Upper Tamakoshi Hydropower Project, being constructed in Lama Bagar, Bigu Rural Municipality–1 in Dolakha for the past 10 years, looks set to begin generating electricity soon. The 456-megawatt project, which is being built with domestic investment, carried out a test on Thursday by releasing water into the main water way. Minister for Physical Infrastructure and Transport Basanta Kumar Nembang and Minister for Communication and Information Technology Parbat Gurung released the water by pressing...
A short history of the world's tallest buildingsBy The Rising Nepal
One hundred forty years later, when the 163-floor Burj Khalifa topped out half a mile into Dubai's sky, it too was seen by some as extravagant.
Heathrow Airport's losses deepen as COVID impact continuesBy The Rising Nepal
Heathrow Airport's losses have deepened as the coronavirus collapse in travel continues to "devastate" aviation.
Banks and financial institutions to remain open in KTM Valley during prohibitory periodBy RSS
The Association urged the clients not to visit banks and financial institutions except essential case, though the branches of banks and financial institution would remain open during the prohibitory period.
FNCCI stresses smooth operation of businessesBy The Rising Nepal
The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has said that economic activities should be allowed to run by adopting safety measures during the prohibitory order citing that the main responsibility of the government and the private sector is to make the economy run smoothly.
Nepal’s economy to grow by 3.1% in 2020/21By The Rising Nepal
Nepal’s economy is anticipated to grow by 3.1 per cent in the current fiscal year 2020/21 from a contraction of 1.9 per cent in last fiscal year 2019/20, said Asian Development Outlook (ADO) 2021, the flagship economic publication of the Asian Development Bank (ADB).
Foundation stone for solar mini-grid laid at HilsaBy RSS
Ambassador of Finland to Nepal, Pertti Anttinen, and Ambassador of the European Union to Nepal, Nona Depre reached Hila via Simkot on Tuesday and laid the foundation stone for the 100-KW solar mini-grid, said District Advisor of Rural Village Water Resources Management Project, Birendra Thapa. The settlements in Hilsa would be electrified from the project.
Japan ratifies RCEP, world's largest trade deal including China, ASEANBy The Rising Nepal
For Japan, it will be the first trade deal that comprises both China, its largest trading partner and South Korea, its third largest trading partner.
Nepal’s GDP is expected to grow by 3.1 percentBy RSS
Growth is expected to recover from the low base in FY2020, as a result of the gradual lifting of nationwide lockdown since July 2020, and a pickup in domestic demand. The ongoing vaccination campaigns against the coronavirus disease (COVID-19) pandemic will help strengthen the economic impetus.
Nepal’s tea export upBy The Rising Nepal
Nepal has exported tea worth Rs. 3.06 billion in the first nine months of the current fiscal year, according to the Department of Customs. This is an increase from the last fiscal year, when tea only worth Rs. 2.78 billion was exported in the span of the 12 months.
NEPSE rebounds after two daysBy The Rising Nepal
Total shares traded today were 10,202,219, amounting to a turnover of Rs. 5.10 billion. Now, the market capitalization has crossed Rs. 3598.94 billion.
Departure towards third countries making TIA as transit restrictedBy RSS
The government has restricted the arrival of foreigners intending to travel third countries via Tribhuvan International Airport (TIA) and using TIA as transit airport from April 28 midnight considering the global pandemic of COVID-19.
Lemon farmer earns Rs. 7 Lakh annuallyBy The Rising Nepal
A farmer of Ranitar 8, Madhyabindu Municipality, Narendra Kumar KC has earned a plentiful profit by selling lemons.
Darma residents get jobs thanks to development projectsBy The Rising Nepal
The residents of Salyan who previously had to go abroad for work have now found jobs in their own localities. Thanks to the Prime Minister Employment Programme (PMEP) and the Chief Minister Employment Programme (CMEP), the people have been able to gain employment in various developments projects being implemented at the local level. Dhan Bahadur KC of Darma Rural Municipality–3 said that locals were happy to be contributing to their area’s development while earning money. “We no longer have...
DoCSCP closes services amid COVID-19By RSS
The Department of Commerce, Supplies and Consumer Protection (DoCSCP) has closed its all service except most essential ones amid increasing Covid-19.
Low budget ceiling likely to affect agriculture programmesBy Laxman Kafle
The Ministry of Agriculture and Livestock Development expressed its serious concern over the reduction of budget ceiling to the ministry in the upcoming budget. According to an official at the Ministry of Agriculture and Livestock Development, the budget limit has been reduced in agriculture sector at a time when the government aims at making the country self-reliant in agro products. The reduction of budget will directly affect the government’s objective to make the country self-reliant in agriculture...
FNCCI asks govt to slash VAT to 10%By The Rising Nepal
Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has suggested the government to maintain the rate of value added tax (VAT) at 10 per cent in the upcoming budget. On Sunday, the FNCCI organised a discussion programme on the upcoming budget and the Finance Act and suggested that the VAT rate should be reduced to 10 per cent from existing 13 per cent. The FNCCI has suggested that the VAT on diesel and LP gas should be credited, and that the rates of excise duty on all items except...
38 per cent of magnetite found in Baitadi iron mine, company ready to set up plant in four monthsBy The Rising Nepal
The company involved in exploration has claimed that a plant can be established within 4 months if the mine area is made accessible by road and electricity is supplied there.
Italian town is selling houses for one euroBy The Rising Nepal
The pandemic is raging, quarantine rules are changing by the day, and there's still uncertainty over when we might vacation again, but one thing remains constant in the travel world: the €1 houses of Italy.