ADB's operation improving in Nepal05 Sep, 2019
ADB's support to Nepal's reconstruction efforts after the 2015 earthquake totals $389 million. The reconstruction of 154 schools under the ADB-supported Earthquake Emergency Assistance Project is nearing completion. As of August 2019, the total disbursement for the project for this year has reached $38.75 million and is expected to meet the 2019 target of $59.53 million by the end of the year.
Nepal-India bus service to Lucknow05 Sep, 2019
The Bheri Transport Company has got the government's approval to run the bus service to Lucknow. And as per the agreement with the Uttar Pradhes Transport Corporation of India, the Nepal-India bus service will begin from coming October 9, according to Chairperson of the Company Rajendra Giri.
'Federalism being effectively implemented'04 Sep, 2019
He further said that the UK government was ready to help Nepal to resolve problems facing implementation of laws and policies in course of implementing federalism. The Permanent Secretary shared that dual taxation avoidance agreement process between Nepal and the UK would be forwarded.
Drive to start paragliding in Udayapur04 Sep, 2019
Paragliding tests have been operated from Bopatang hill and Champakot hill at Mainamaini of Belaka. The location is at an altitude of 2,000 meters from the sea level. Sunkoshi river side is the landing site for the paragliding. The municipality plans to develop the area into a 'number one' paragliding hub in Province1. More than 200 youths and tourism entrepreneurs in Belaka area have taken paragliding training for this purpose. Mayor Durga Kumar Thapa said the final preparations are...
Electric vehicle charging station inaugurated03 Sep, 2019
Sundar Yatayat, a private sector public transport service provider, has operated the charging station. Moreover, it has also geared up to operate four electric buses in the capital from September 9. Secretary at the Ministry of Energy, Water Resources and Irrigation, Dinesh Kumar Ghimire inaugurated the charging station amidst a programme here today. On the occasion, Secretary Ghimire said the policy was to gradually reduce the importation of petroleum products and increasing the use of electricity...
NEPSE records double digit fall02 Sep, 2019
In today’s transaction, sub-indices of all 11 groups posted declining trend. Life insurance group’s sub-indices posted highest points fall of 95.68 points followed by non life insurance and microfinance whose indices declined by 71.27 points and 24.98 points respectively.
BOP, current account deficits go up02 Sep, 2019
In the US Dollar terms, the current account deficit marginally narrowed down to 2.35 billion in the review year from 2.37 billion a year ago, according to a macroeconomic and financial report of Nepal Rastra Bank (NRB) published on Sunday.
Latest US, Chinese tariff hikes take effect in trade war01 Sep, 2019
In China, authorities began charging higher duties on American imports at midday Sunday, according to employees who answered the phone at customs offices in Beijing and the southern port of Guangzhou. They declined to give their names.
Ruby valley in Dhading to organise Yak Festival in October01 Sep, 2019
For the conservation and development of Yak Pasture, the rural municipality is implementing various programmes.
Lawmaker raises question over dillydallying in Upper Tamakoshi Hydel project29 Aug, 2019
In today's meeting of the House of Representatives, also the former Finance Minister, Gyanendra Bahadur Karki of the Nepali Congress, complained over the dillydallying in the project, saying although the 456-MW project has made 98 physical progress, some significant tasks are still remaining.
Country's economy heading towards positive direction: Finance Minister29 Aug, 2019
The Finance Minister stressed that the constitution has incorporated the three-pillar economy comprising the public, private and the cooperatives and has also given specific role to the private sector as well. He maintained that technology handover has taken place from the banks and financial institutions under foreign ownership and this has also played a role in producing skilled human resources, adding that one should not harbor the sense that the foreign-owned institutions are only bad. Although...
Soaring agro import an incongruity of economy25 Aug, 2019
Secretary at the Ministry of Agriculture and Livestock Development Dr. Yubak Dhoj G.C, the challenge of the agriculture sector was that it had failed to increase agro production in line with the demand resulting in the import of agriculture products. “The productivity of all agro products increases but the tendency to leave the arable land uncultivated is affecting our agro production,” GC said. A large section of population has been compelled to involve in agriculture due to lack of opportunities...
Mugu apple farmers worry as road remains damaged22 Aug, 2019
In the past, businessmen used to reach different villages of Chhayanath Rural Municipality to buy apples and take them to the Terai. The businessmen even used to give money in advance to the farmers. But, this year no businessman has reached the villages due to obstruction of the road. “Ripe apples have begun falling from the trees but no businessman has come to the village. We have stocked the apples in the farm,” said Raj Kumar Bham, an apple farmer of Chhayanath Rural Municipality-5. He...
No human loss in floods after early warning system19 Aug, 2019
He also said that he could not earn more by selling from home, but still it was better to sell at lower price than letting it go waste. “This year I am selling an apple at Rs. 5 and about three to four customers come to my home to buy apple on daily basis,” he said. Since they send the apples to their relatives who live far away and they also give apples as gift to the guests, they are unable to become commercial apple growers, he added. The rural municipality has managed budget...