Economy

Construction of main tunnel of Upper Tamakoshi Hydel Project completed

Hydropower

Dolakha / Nov 19:The construction works of main tunnel of the Upper Tamakoshi Hydroelectricity Project has been completed this morning. High level officials including Energy Secretary Anup Kumar Upadhyaya and Nepal Electricity Authority Executive Director Kulman Ghising witnessed the completion of the construction works. The project has made a 92 per cent progress with the […]


Surya Nepal declared highest tax-paying company of the year

Tax Day

Kathmandu / Nov 17 : Surya Nepal P. Ltd has been declared as the highest tax paying company of the fiscal year 2016/17. Inland Revenue Department has feted the company as the highest tax paying company at a program organized in the capital on the occasion of Sixth National Tax Day on Friday. Surya Nepal […]


China Three Gorges Corporation and NEA agree to construct West Seti Hydropower Project

hydropower

Kathmandu / Nov 16: The China Three Gorges Corporation (CTGC) and Nepal Electricity Authority (NEA) have signed an agreement to jointly invest in the West Seti Hydropower project. NEA executive director Kulman Ghising and CTGC representative signed on the agreement paper on Thursday. The planned West Seti Hydropower Project will be one of the largest […]


SEBON urges clients not to operate more than two DMAT accounts

SEBON

Kathmandu / Nov 16: Securities Board of Nepal (SEBON) has urged the sides concerned not to operate more than two DMAT accounts. Issuing a notice today, SEBON urged the concerned clients to immediately correct their actions who are found to operate more than two DMAT accounts. SEBON cautioned the clients that there is a provision […]


Electricity generated from Chak Khola connected to nat’l transmission line

Electricity

Kathmandu / Nov 10: Electricity generated from Chak Khola Hydropower Project, in northern Ramechhap, has been connected to national transmission line from Friday. The 33kv transmission line constructed from Chuchure of Ramechhap to Jiri of Dolakha has been connected to the Jiri Station through the transmission line. According to project engineer Bishal Karki, the 2.83 […]


Hailstorm damage crops worth Rs 30 million

agriculture

Nuwakot / Nov 6: Crops worth more than 30 million rupees were damaged in the hailstorms that occurred last Saturday night in Nuwakot district. The District Agriculture Development Office said that crops, namely paddy, orange, potato, millet were damaged. The crops cultivated in more than 500 hectares of land were damaged, chief of Office Dr […]


Price hike of petroleum products withdrawn on PM’s directive

Nepal Oil Corporation

Kathmandu / Nov 2: The Nepal Oil Corporation has today withdrawn its decision of increasing the price of petroleum products, which was enforced from Wednesday mid-night, on Prime Minister Sher Bahadur Deuba’s direction. The NOC Board of Directors took the decision in this regard after Prime Minister Deuba directed the NOC management not to increase […]


FNCCI and AFEC sign 8-point bilateral agreement

FNCCI

Kathmandu / Oct 31: An eight-point bilateral agreement between the representatives of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Austrian Federal Economic Chamber was signed amid a programme here today to strengthening the economic ties between the two countries. The agreement signing ceremony was held in the presence of Minister for […]


Nepal to face labour shortage by 2030

Labor, Foreign Employment

Kathmandu / October 27 : Nepal may face shortage of 3.6 million workers by 2030 if people continue to take up jobs in foreign labour markets, creating hurdles for nation’s transformation into a middle-income economy in the next 13 years as envisaged by the government, a latest report says. The projection was made on the […]


PM, Home Minister pay final tributes to late Gauchan

Sarad Kumar Gauchan

Kathmandu / Oct 12:Prime Minister Sher Bahadur Deuba today paid final tributes to Sharad Kumar Gauchan, chairman of the Federation of Contractors Association Nepal (FCAN). Gauchan was shot dead by an unidentified group in the capital on Monday. PM Deuba reached FCAN’s office, Anamnagar and extended tributes by wrapping his body in the national flag. […]




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