Rapid response team formed to address problems of foreign employment sectorBy RSS
The rapid response team was formed under direct monitoring of the Director-General of the Department of Foreign Employment with representatives from concerned bodies as members.
FM Sharma urges ministries to spend budget on timeBy The Rising Nepal
Finance Minister Janardan Sharma has urged the various ministries to spend 30 per cent of the budget of their respective ministries by mid-January 2022. He made this remark at an inter-ministerial discussion and interaction programme on capital expenditure held at the Ministry of Finance on Friday.
Gold price up by Rs. 1,000 per tolaBy The Rising Nepal
Gold price increased in the domestic bullion market on Friday. The price of gold increased by Rs. 1,000 per tola in the local market on Friday compared to its price on Thursday. Gold, which had been traded at Rs. 93,000 per tola on Thursday, was traded at Rs. 94,000 per tola on Friday, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Likewise, the price of silver also increased to Rs. 1,250 per tola from Rs. 1,235 on Thursday.
Training on tea harvesting starts in IlamBy The Rising Nepal
The National Tea and Coffee Development Board has started imparting training on tea harvesting to Ilam tea farmers from Friday under the 'Sustainable Export Promotion Project of Nepali Tea'. According to the Board, the project that runs with the participation of the Ministry of Industry, Commerce and Supplies and the Ministry of Agriculture and Livestock Development has started providing training as per the needs of farmers and seasons.
FDI inflow up by 66.3 per centBy TRN Online
Besides the rise in the inflow of FDI, number of firms registered for foreign investment also grew. According to the quarterly report of Department of Industry (DOI), 107 approvals have been sanctioned for the FDI. These approvals are expected to bring in Rs. 24 billion FDI.
Finance Minister directs ministries to spend 30 per cent of budget within one monthBy RSS
Finance Minister Janardan Sharma has directed all ministries to spend 30 per cent of their budget within one month.
Gold price increases Rs 1,000 to trade at Rs 94,000 per tolaBy RSS
Gold price has increased Rs 1,000 per tola to trade at Rs 94,000 per tola today. A tola is equivalent to 11.66 grammes.
Sharp rise in poultry feed mars farmersBy RSS
Price of raw materials needed for poultry feed has witnessed an excessive hike in the recent days citing impacts on the international market due to the COVID-19 pandemic. With the rise in raw materials’ price, the feed producers have increased price of poultry feed, which has affected the poultry farmers in the district.
Foreign currency reserves down by 11%By The Rising Nepal
The gross foreign exchange reserves has decreased by 11 per cent to Rs. 1244.85 billion by mid-November 2021 from Rs. 1399.03 billion in mid-July 2021. In the US dollar terms, the gross foreign exchange reserves decreased by 10.9 per cent to 10.47 billion in mid-November 2021 from 11.75 billion in mid-July 2021, according to macroeconomic and financial report of NRB. Of the total foreign exchange reserves, reserves held by NRB decreased by 11 per cent to Rs. 1107.47 billion in mid-November 2021...
NTC to provide telecom, broadband internet service to local govt officesBy RSS
As per the agreement, government offices at local levels including ward offices, health offices and community schools will be provided with the service.
Tourists flock to Taplejung's Timbung LakeBy TRN Online
The number of tourists visiting the Timbung Lake area, a tourist spot in Sidingwa Rural Municipality, Taplejung district, has gone up this year.
Remittance inflow down by 7.5%By TRN Online
According to the Current Macroeconomic and Financial Situation report of the Nepal Rastra Bank (NRB), the remittance decreased by 7.5 per cent to Rs. 312.42 billion in the first four months of the current FY relative to Rs. 337.72 billion of the review period of the previous FY.
Budhha Air plane makes emergency landing due to technical errorBy RSS
An aircraft of the Budhha Air made an emergency landing in Bharatpur today. The Beechcraft plane that took off from Bharatpur Airport was landed back at the airport following a technical issue.
Work on Arun 3 moving rapidlyBy The Rising Nepal
Work on the construction of the 900-megawatt Arun-3 Hydroelectric Project is moving forward at a rapid pace. The Satluj Jal Vidyut Nigam claims to be working 24 hours a day and has stated that the work will be completed within the stipulated deadline.
Bangladesh agrees to buy Nepal's surplus electricity from next yearBy The Rising Nepal
Bangladesh is set to buy electricity currently being wasted in Nepal. Similarly, Bangladesh will also move ahead with homework to sign long-term power purchase agreement (PPA) with Nepal's private sector, according to a statement issued by Confederation of Nepalese Industries (CNI).
Chitwan International Industrial Expo from December 17By RSS
Association President Trilochan Kandel said the expo will feature 200 stalls including 50 from India. The expo aims to promote the industrial sector down by COVID-19. It is estimated to cost Rs 25 million to conclude the event.
Finance Minister commits to 'correct' government policy on financial marketBy RSS
Addressing the Innovation Summit organised by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) in the federal capital today, he said, "Come, tell directly if the government policy has created any difficulty in the financial market. We also have representative in the Nepal Rastra Bank (NRB). We are ready to tackle the problem right here."
Unknown disease kills sheep in hordes in TaplejungBy The Rising Nepal
Sheep are dying of an unknown disease in Sidingwa Rural Municipality of Taplejung district. The sheep raised by the farmers of Ankhop and Sadewa villages of Sidingwa Rural Municipality-3 are dying of unknown diseases. Many sheep reared by Top Bahadur Budhachhetri of Ankhop, Him Kumar Rai and Sitaram Khadka of Sadewa have died. Kailash Rai, a local of Sadewa, said that Budhachhetri, Rai and Khadka have been raising sheep jointly and so far about 45 of their sheep died due to unknown diseases.
Tea farmers demand to fix minimum support price of green leavesBy TRN Online
Stating that the future of tea is getting uncertain every year due to the use of chemical fertilisers and pesticides, the farmers said that the support price of organic and quality tea should be fixed by the federal government.
BFIs demand refinance facility of Rs. 56 billionBy TRN Online
Spokesperson of NRB, Narayan Prasad Pokhrel, said that the demand for the refinancing facility of Rs 56 billion is submitted to the NRB. He said that the central bank will assess the extent of the need of the demand and provide facilities accordingly.