COVID-19 crisis: CAAN hit by significant fall in revenue collectionsBy RSS
The Civil Aviation Authority of Nepal (CAAN)’s revenue collection in the past two years dropped significantly due to the COVID-19 crisis.
‘WEC should be assigned regulatory role’By The Rising Nepal
Minister for Energy, Water Resources and Irrigation Pampha Bhusal has said that the Water and Energy Commission should be developed as a regulatory body for the study and research of water resources.
Shivam Cement yet to pay electricity tariff worth Rs 2.3 billionBy RSS
Shivam Cement Limited has yet to pay an electricity tariff worth Rs 2.3 billion, said the Nepal Electricity Authority.
Government urged to give high priority to SDGsBy RSS
The National Assembly, Sustainable Development and Good Governance Committee has directed the government to give high priority to the Sustainable Development Goals (SDGs) and carry out works accordingly.
Normal rise in Foreign InvestmentBy The Rising Nepal
The Nepal Rastra Bank (NRB) report on the Current Macroeconomic and Financial Situation of Nepal in the fiscal year (FY) 2020/21 has revealed that the increase in foreign investment rose by 1.2 per cent.
Mules being used to transport food to Upper ManangBy RSS
Food shortage has been reported in Upper Manang due to obstruction in transportation caused by floods and landslides triggered by late monsoon rain. The problem has worsened after the Bensishahar-Chame-Manang road section was damaged due to floods and landslides in mid-June.
Banks given right to evaluate customers: NRBBy The Rising Nepal
Governor of the Nepal Rastra Bank Maha Prasad Adhikari has said that it is impossible to reach every entrepreneur or borrower across the country with the limited resources. There will always be limitations even if the economy grows exponentially so eligible entrepreneurs or individuals will obtain loan from the banks and financial institutions (BFIs), he said while speaking at a discussion on the Monetary Policy for the current Fiscal Year 2021/22 organised by Nepalese Association of Financial Journalists...
50 % reserved for project affected residents, employeesBy The Rising Nepal
The 52.2-Megawatts (MW) Likhu-4 Hydropower Project, under construction on the border river Likhu of Okhaldhunga and Ramechhap districts, is issuing 625 million shares. Of this, 50 per cent is reserved for residents of the affected areas and staff of the hydropower company while the remaining 50 per cent will be available to the general public.
Likhu-4 Hydropower issuing IPOBy The Rising Nepal
The 52.2-Megawatts (MW) Likhu-4 Hydropower Project, under construction on the border river Likhu of Okhaldhunga and Ramechhap districts, is issuing 625 million shares.
Rural Saptari farmers drawn to jute cultivationBy The Rising Nepal
Lately, farmers in various rural areas of Saptari district, especially in the southern and eastern parts, are cultivating jute as a cash crop. Jute sack and twine, colloquially called "patuwa", are made from jute.
Export leaps by 44.4 per cent as export of soyabean oil soarsBy The Rising Nepal
The report showed that merchandise exports sprang by 44.4 per cent crossing Rs. 141.12 billion. Though lists of commodities that have been spotted in the green indicators are large, an outstanding leap in the export of soyabean caught the limelight.
Imports of more than Rs 150 billion in the first month of current fiscal yearBy RSS
The statistics related to trade in the first month of the current fiscal year 2021/22 released by the Department of Customs today shows that the country imported foreign goods worth Rs 150 billion 731 million 719 thousand in the first month of this fiscal.
Work under way to develop Nepali teaBy The Rising Nepal
A century and a half after tea cultivation began in Nepal, scientists have begun work on the development of a Nepali variety of tea. According to the Tea and Coffee Extension Office of Fikkal, work has begun on developing a uniquely Nepali variety of tea by using the first tea plants planted in the country during the time of Jung Bahadur Rana. Indra Adhikari, head of the extension office, told The Rising Nepal that seven Tea and Coffee Extension Offices of Ilam and the Commercial Crop Research...
Consumers need to be cautious while buying goods, say authoritiesBy The Rising Nepal
A joint team from the Department of Commerce, Supplies and Consumer Protection under the Ministry of Industry, Commerce and Supplies and Metropolitan Crime Division, on Tuesday, raided Balaju-based Agad Nepal Venture Private Limited.
Buckwheat turns Manang purpleBy The Rising Nepal
The locals have planted buckwheat in their fields and gardens which not only provides food but also attracts tourists, said Kanchha Ghale, chairman of Manang Ngisyang Rural Municipality. “The locals here prepare various dishes for themselves and for tourists,” he said, informing that buckwheat was grown completely organically in the mountainous district.
Home Minister Khand enquires about progress of Bhairahawa Int'l AirportBy RSS
Home Minister Bal Krishna Khand has enquired about the progress so far of Bhairahawa International Airport.
World Bank freezes funding for AfghanistanBy BBC
The World Bank has halted funding for projects in Afghanistan after the Taliban seized control of the country.
Shortage feared as sugar stock dwindlesBy Laxman Kafle
Stock of sugar with the state-owned Salt Trading Corporation Limited is dwindling. The Corporation, which imported 20,000 tonnes of sugar for the last Dashain, has run out of stock as its plan to import sugar has not received a government nod.
Fuel price hiked, consumers hurtBy The Rising Nepal
Executive director of Nepal Rastra Bank Prakash Kumar Shrestha said that the rise in the fuel price will hurt the consumer in the coming days. He, however, said that it would be a bit early to predict the degree of rate change in the consumer price index (CPI) as the price of some of commodities may fall over a period of time.
Professional mountain guides facing problems in lack of mountain guide certificateBy RSS
“In abroad, we command huge admiration and honour when we introduce ourselves as a mountaineer. But back in our country, in absence of mountain guide certificates, we face difficulties from time to time.”