Kathmandu / Dec 20: The Government of Nepal and the Asian Development Bank (ADB) have signed loan and grant agreements amounting to 777.6 million US Dollar (equivalent to Rs 105.59 billion) for the implementation of three projects and a programme. The Financing agreement for the implementation of Kathmandu Valley Water Supply Improvement Project (phase 2), […]
Kathmandu / Dec 19: Minister for Industry, Commerce and Supplies Damodar Bhandari and his South Korean counterpart, Inkyo Cheong, signed a bilateral Trade and Investment Promotion Framework (TIPF) agreement. The agreement was signed in Seoul, the capital of the Republic of Korea, on the occasion of completion of 50 years of establishment of diplomatic relations […]
Kathmandu / Dec. 13: The World Bank’s Board of Executive Directors on Thursday approved a $100 million development policy operation (DPO) to help Nepal enhance its ongoing efforts to implement green, resilient, and inclusive development. The World Bank said in a statement that this is the second in a programmatic series of three DPOs designed […]
Kathmandu / Dec 11: Deputy Prime Minister and Minister of Finance Bishnu Prasad Paudel has said that the inability to define the jurisdiction between the three levels of government and lack of classification of projects are creating barriers to successful implementation of development projects. In today’s meeting of the Finance Committee, he said that clear […]
Kathmandu / Dec 10: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) will be getting its president through direct election with the FNCCI’s special general assembly held on Tuesday endorsing the provision into effect. With the new provision, one of the biggest umbrella organizations of the private sector has wiped out the condition […]
Kathmandu / Dec 8: Nepali Congress (NC) President and former Prime Minister Sher Bahadur Deuba and United States (US) Assistant Secretary of State for the Bureau of South and Central Asian Affairs, Donald Lu, held a meeting today. In the meeting held at leader Deuba’s personal residence at Budhanilakantha, Kathmandu, they discussed various aspects of […]
Kathmandu / Dec 6: The Special Court has convicted four individuals, including the then Chairman and Managing Director of Nepal Airlines Corporation (NAC) in the corruption case involving the procurement of two wide-body aircraft. In a brief text of the verdict released late Thursday evening, the Special Court convicted then NAC Chairman Shankar Prasad Adhikari […]
Kathmandu / Dec 04: Nepal and China have officially signed the BRI Cooperation Framework during Prime Minister KP Sharma Oli’s visit to China. This development formally further advances Nepal’s involvement in the Belt and Road Initiative (BRI), a programme China proposed and Nepal initially signed in 2017. The signing was delayed on Tuesday due to […]
Kathmandu / Dec 2: Deputy Prime Minister and Minister for Finance, Bishnu Prasad Paudel, has said that Nepal’s sovereign credit rating indicates that Nepal has a favourable environment for investment. During the meeting with the development partners at the Ministry on Monday, the Minister claimed the political and policy stability in the country with the […]
Kathmandu / Nov 29: The Nepal Rastra Bank, the central bank, has kept policy rate, deposit collection rate and bank rate as it was through the first quarterly review of the monetary policy for the fiscal year 2081/82 BS. The central bank has kept the existing policy arrangements unchanged when monetary indicators remained positive. “The […]
Newbaneshwor
Kathmandu, Nepal
4479401
Editor : Mr. Divesh J.B. Rana
Chairperson : Mr. Kishore Thapa