China, France vow to strengthen economic and financial cooperationBy TRN Online
France is ready to strengthen communication and coordination with China on multilateral issues including the response to climate change, biodiversity protection and the WTO reform, said the French minister.
Commercial production of turmeric in UdayapurBy The Rising Nepal
Siddhipur village of Chaudandigadhi Municipality in Udayapur is lately known for the commercial production of turmeric. A farmer Bindraman Magar said turmeric worth over Rs 15 million rupees is being produced annually at Siddhipur area for the past few years.
Sugar mills ready to crush canesBy The Rising Nepal
Indushankar Sugar Mill in Hariwan of Sarlahi worshiped the machine on Monday to begin crushing sugarcane. Yoganarayan Rajak, manager of the mill, said that machine was worshipped at an auspicious hour to run the mill smoothly in the current season. According to him, the machine was worshiped at 11 am on Monday morning.
NEPSE continues to diminish, index drops below 2,300 pointsBy The Rising Nepal
The benchmark of the stock market, NEPSE, also declined significantly on Monday, the second transaction day of the week. The NEPSE index has fallen below 2,300 points with the continuous decline of high points. The index, which declined by 88.73 points on Sunday, declined further by 79.57 points (3.37 per cent) to close at 2,281.67 points today. With the fluctuation of NEPSE index, it dropped to 2,281 points today. The NEPSE index had set a high record of 3,199.03 points on August 18.
NEPSE index sees sharp declineBy RSS
The market which was on a bullish trend sometimes before is now moving on a bearish trend. NEPSE has declined by around 11 points after it reached the highest level. Capitalization has also dropped by Rs 1200 billion.
With onset of dry winter, Nepal starts importing 650mw of electricity from IndiaBy TRN Online
Suresh Bahadur Bhattarai, NEA spokesperson, informed that electricity generation in the country has dwindled with the decrease in the water level of the river owing to the onset of the dry winter season.
Electricity system improvement work starts in Province 2By The Rising Nepal
Work to improve the electricity transmission and distribution system has begun in eight districts of Province 2. Foundation stone of the substation to be constructed in Bardibas Municipality-2 of Mahottari under the Rural Electrification and Distribution System Strengthening Project run by Nepal Electricity Authority was laid on Friday. Project coordinator Bodhraj Dhakal and Chief of Provincial Office, Janakpur under Distribution and Customer Service Directorate, NEA Munindra Thakur jointly laid...
Hotel business rebounds in Banke as tourist arrivals rise after lockdownBy The Rising Nepal
The hotel business in Banke, which was shut down for two years due to the COVID-19 pandemic, is now flourishing. According to the businessman, the hotel business has started flourishing after the arrival of tourists from India and third countries. With the increasing flow of tourists, the process of increasing investment and upgrading of hotels in Nepalgunj, a major city of western Nepal, has also started. Due to which the number of star hotels is increasing.
Hotel business rebounds in Banke as tourist arrivals rise after lockdownBy TRN Online
The hotel business in Banke, which was shut down for two years due to the COVID-19 pandemic, is now flourishing. According to the businessman, the hotel business has started flourishing after the arrival of tourists from India and third countries.
Additional Rs. 13.5 billion demanded for purchasing fertiliserBy TRN Online
The spokesperson of MOALD, Prakash Kumar Sanjel, said that only 250 thousand metric tons can be purchased for Rs. 15 billion at the current international market price while there is a demand for an additional 130 thousand metric tons.
Rwandan ambassador calls on Minister Ale, proposes for bilateral aviation agreementBy RSS
Rwanda’s Non-Resident Ambassador to Nepal, Jacqueline Mukangira, has proposed Nepal for a bilateral aviation agreement.
‘Ethical practices essential for business sustainability’By The Rising Nepal
President of the Federation of Nepalese of Chambers of Commerce and Industry (FNCCI) Shekhar Golchha has said that ethical business practices have become a major component in business activity. The FNCCI has been emphasising the ethical business to make the private sector dignified and respected, he said while speaking at an interaction on ethical business organised by FNCCI and Transparency International Nepal on the occasion of the International Anti-Corruption Day on Friday.
Farmers demand to fix sugarcane price at Rs. 650 per quintalBy The Rising Nepal
Sugarcane farmers have demanded to increase the price of sugarcane based on production cost. The Federation of Sugarcane Producers’ Association, an umbrella organisation of sugarcane farmers, has demanded that the price of sugarcane be fixed at Rs. 650 per quintal this year. President of the Federation Kapilmuni Mainali said that the price of sugarcane should be increased on the basis of production cost and sale price of sugar.
Silver import soars unnaturallyBy Laxman Kafle
The import of silver has increased excessively during the first four months of the current fiscal year. According to the statistics of Trade and Export Promotion Centre (TEPC), silver worth around Rs. 14.36 billion has been imported in the first four months of the current fiscal year. Silver import has increased by 10 times (998.3 per cent) compared to the same period of the previous year.
FNCCI and Daraz announce zero fee for SMEs for a yearBy The Rising Nepal
In a bid to make it easier for Small and Medium Enterprises (SMEs) to sell their product to national and international customers, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has signed an agreement with online marketplace, Daraz.
New hotel opens in GorkhaBy The Rising Nepal
A new hotel named Gorkha Garden, constructed at a cost of Rs. 500 million, came into operation on November 18 and is ready to serve guests. “Gorkha holds a great potential for tourism but we felt there were no tourist-standard hotels here,” said Badri Bahadur Maskey, vice-chairman of hotel’s management committee. “So some of us entrepreneurs came together and thought of opening luxury hotel.” The hotel has been built with the investment of 82 businessmen.
Mustard cultivation area expands in ChitwanBy The Rising Nepal
The area of mustard cultivation in Chitwan, which was on decline until recently due to land fragmentation and pressure of other crops, has started expanding lately. Contributing to the decline were the expansion of banana farming, poultry farming, land plotting activities, among others. However, now that the price of mustard has gone up and the demand for oil has increased, it has become easier to cultivate mustard than other crops. The farming of mustard crops has been on the rise, said...
New hotel opens in GorkhaBy TRN Online
“Gorkha holds a great potential for tourism but we felt there were no tourist-standard hotels here,” said Badri Bahadur Maskey, vice-chairman of hotel’s management committee. “So some of us entrepreneurs came together and thought of opening a luxury hotel.” The hotel has been built with the investment of 82 businessmen.
Bheri-Babai Project: Third phase work beginsBy RSS
The second phase of work was related to civil construction while the third phase includes work related to hydro-mechanical (HM) and electro-mechanical (EM), according to the information officer at the Project, Lekhnath Subedi.
Nepal's poverty reduction hinges on remittances: UN expertBy The Rising Nepal
Nepal has succeeded in reducing multidimensional poverty by 12.7 per cent between 2014 and 2019, and its Human Development Index has improved, as have indicators related to health and education, the UN Special Rapporteur on extreme poverty and human rights, Olivier De Schutter, said on Thursday after conducting an 11-day official mission to the country. “But significant gaps remain,” the UN expert added.