Govt. initiates to set up industry and investment promotion fundBy TRN Online
The fund will be spent for the development of micro-industry, cottage industries, development of technology, industrial promotion, rehabilitation, re-institutionalization, and management of sick industries, development of women entrepreneurship.
Solu corridor transmission line to come into operation within a monthBy The Rising Nepal
The construction of Solu corridor 132 kV double circuit transmission line project has been completed. The construction of the project was completed on Saturday after the work of erecting towers and connecting wires ended removing obstruction in Maruwa, Katari Municipality-4 of Udayapur demanding diversion of the route of the transmission line.
Energy Minister saddened by accident at under-construction projectBy RSS
Minister for Energy, Water Resources, and Irrigation Pampha Bhusal has expressed sorrow over the death of two people in an accident that occurred while checking the pipe of an under-construction hydroelectricity project in Solukhumbu district.
CNP receives over 51,000 visitors in first five months of current fiscal yearBy TRN Online
CNP's information and assistant conservation officer Ganesh Prasad Tiwari said 51 thousand 304 visitors visited the national park over this period. According to him, the highest number of visitors was recorded in the Nepali month Kartik (mid-October to mid-November). Twenty-one thousand 506 visitors observed the national park in Kartik, followed by 19 thousand 580 in Mangsir (mid-November to mid-December).
CAN to organise Infotech 2021 physically and virtuallyBy The Rising Nepal
The 27th edition of CAN Infotech 2021 will be organised in hybrid form – physically at the Bhrikutimandap Exhibition Hall as well as online, said the CAN Federation, organiser of the event. The largest show of information and communication technology in the country is slated for February 1 to 6, 2022. It was halted last year due to coronavirus pandemic and subsequent lockdown. The programme was rescheduled for May 2020 but the second wave of COVID-19 disturbed the exhibition.
Farmers happy as tomatoes get good priceBy The Rising Nepal
Farmers in Sarlahi are happy as they got a good price for the tomatoes. The farmers have been selling tomatoes at Rs. 1,200 to Rs. 1,300 for a crate. A crate consists of 25kg tomatoes. “We got a good price for the tomatoes this year and earned an adequate profit,” said Bhim Bahadur Gole, a farmer.
Electricity leakage drops to 14.35% in four monthsBy The Rising Nepal
Nepal Electricity Authority (NEA) has reduced the leakage in the system to 14.35 per cent in the first four months of the current fiscal year 2021/22. The NEA is able to reduce the leakage in the system from 17.18 per cent in the last fiscal year by 2.83 per cent to 14.35 per cent in the last four months of the current fiscal year through regular campaign for power supply and control of technical and non-technical leakages.
High demand from Chinese traders benefitting Rudrakshya marketBy The Rising Nepal
Most of the Rudrakshyas produced in the Arun Valley area of Nepal are exported to China, except for a small quantity to India. Until a few years ago, only Rudrakshyas with more than seven mouths were sold, but lately Rudrakshyas with five mouths are also getting the buyers.
Revenue significantly increases in first five months of current FYBy TRN Online
The Federal Government revenue has increased in comparison to the previous fiscal year. According to the Financial Comptroller General Office (FCGO) data, the aggregate revenue that includes tax revenue and non-tax revenue surpassed by 35.99 per cent in the first five months of the current Fiscal year in comparison to the previous review period.
Yuvantika hopes to become first woman atop Everest from IlamBy The Rising Nepal
Yuvantika Tamang of Suryodaya Municipality–10, Ilam, is all set to climb Mount Everest. Tamang, 28, will climb the world’s highest peak in April. Tamang, who is preparing to scale Everest with the Elite Himalayan Exped Trek, has previously climbed the 6,119-metre Lobuche peak. She has also been riding bikes. Tamang, the only daughter of her parents Prakash and Madhu Tamang, requires Rs. 5 million to climb the highest peak. So, she is currently raising funds with the help of the local women’s...
Tehrakune Wetland festival begins to promote tourismBy The Rising Nepal
The first Tehrakune Wetland Festival 2021 has begun in the Tehrakune wetland area of Mai Municipality–1, Ilam from Thursday. The festival, which aims to attract domestic and foreign tourists to the biologically diverse wetland of the Chure region, was inaugurated by Province 1 Chief Minister Rajendra Rai.
'Provision for tenants to enjoy reduced electricity tariff'By RSS
Moreover, even the tenants can take a separate meter from NEA and consume power accordingly. This provision can benefit hundreds of thousands of tenants living in the city.
Imports revenue edges up by 44%By TRN Online
In the first five months, imports sprung up by 59.55 per cent to Rs. 838.4 billion up from 525.4 billion recorded in the previous review period. In effect, the imports revenue stoked up by 44.02 per cent to Rs. 66.6 billion in comparison to the previous review period.
NAC occupied 25 per cent share in international destination in 2020By TRN Online
The national flag carrier occupied a 25 per cent share in the international destinations in 2020. Since a limited number of international airlines operated during the pandemic, the NAC saw an increase in its trade-in international flights from 17.80 per cent in 2019 to 25 per cent in 2020, said NAC's corporate director Archana Khadka.
FMTC starts purchasing paddy, but not to buy soaked grainsBy The Rising Nepal
The state-owned Food Management and Trading Company (FMTC) has started buying paddy from farmers. The Company has started purchasing paddy from three offices and is in the process to purchase from eight other offices of different districts, said Srimani Raj Khanal, deputy general manager of FMTC. He informed that they have set a target to purchase paddy from 11 offices of the Company but only three offices have started purchasing so far.
Trade deficit widens by 54% despite improvement in exportsBy TRN Online
The trade deficit is nudged due to hefty imports. The imports in the five months sprang up by 59.55 per cent to Rs. 838.4 billion up from Rs. 525.4 billion in the review period of the current FY.
Country records 63 percent –rise in foreign trade in first five months of current fiscalBy RSS
The country’s foreign trade has increased by 63 per cent in the first five months of the current fiscal (beginning from July 16) compared to the corresponding period last year (2020-21).
Tibet sees strong foreign trade growthBy TRN Online
The foreign trade of southwest China's Tibet Autonomous Region surged 94.3 percent year on year in the first 11 months of 2021, according to data from local customs.
NRB devising long-term strategy to resolve liquidity crisisBy The Rising Nepal
The Nepal Rastra Bank (NRB) has said that the policy to tighten the import of luxury goods is a short-term alternative to increase liquidity in the banking system. "Huge rise in imports has forced the government and central bank to find ways to curtail it. However, this austerity measure is used as a short-term measure," Governor of the NRB, Maha Prasad Adhikari, said at an interaction programme with economic journalists on Wednesday.
Kalij farmer worried about lack of buyersBy The Rising Nepal
A farmer of Bhulke in Katari Municipality-5 of Udayapur, who has been commercially rearing Kalij pheasants, has become worried due to lack of market to sell the fowls. Chudamani Hamal, who started a business by opening Anandaraj Kalij and Livestock Farm with an investment of around Rs. 1.5 million earned after working in Malaysia for three years, is worried that the Kalij are not sold. Proprietor of the farm Hamal said that there was no sale at the time of selling the Kalij pheasants.