ADB to provide loan assistance for School Reform Program


Kathmandu / Dec 2: The Asian Development Bank has agreed to provide US dollar 120 million loan equivalent to Rs 13,111 million for the implementation of School Sector Development Plan (SSDP). More, the ADB is to provide technical assistance worth Rs 54.5 million for the capacity development technical assistance project, supporting policies and implementation in […]

Vice President Pun: Constitution enforcement to open gate to economic prosperity


Kathmandu / Nov 30: Vice President Nanda Bahadur Pun has expressed the belief that the door to economic prosperity would be opened with the enforcement of the constitution. Inaugurating the 19th Founding Day of the Society of Economic Journalists – Nepal (SEJON) here today, Vice President Pun said although the economic growth rate dipped to […]

Development Committee’s directives to Investment Board


Kathmandu / Nov 30: The Development Committee under the Legislature-Parliament has issued instructions to the Investment Board to brief the Committee about the pressing investment policy challenges in the country. Today’s meeting of the Committee has asked the Board to provide all the necessary information about the challenges at the legal and policy level in […]

Pokhara Street Festival set to welcome New Year 2017

REBAN Pokhara

Pokhara / Nov 29: The ‘Pokhara Street Festival’ is being organized by the Restaurant and Bar Association of Nepal (REBAN) – Pokhara from December 28 to January 1 at the bustling Lakeside to bid farewell to year 2016 and welcome New Year 2017. At a press conference held on Monday, Festival’s Coordinator, Gopi Bahadur Bhattarai, […]

Minister Joshi urges international communities to invest in Nepal


Kathmandu, Nov 23: Minister for Industry, Nabindra Raj Joshi, has urged international communities to invest in infrastructure development and industrial sector of Nepal as it has adopted a very liberal and competitive foreign investment policy. Addressing the 44th Session of United Nations Industrial Development Organization (UNIDO) Industrial Development Board in Vienna, Austria, on Tuesday, Minister […]

Hydropower Production Company registered, opening door for public investment

hydropower project

Kathmandu / Nov 21: The government has formally set up the Hydropower Production Company with the provision of allowing the Nepali citizens to investment in the hydropower projects. The Ministry of Energy registered the company at the Company Registrar’s Office on Sunday. The company has been registered based on the 37-point plan of action that […]

Government should strengthen the rule of law and strictly enforce it: Khetan


Rajendra Khetan is a renowned industrialist. He has been leading a major business group of Nepal, the Khetan Group, which is involved in the industrial and financial sector. Apart from business, he is the honorary consulate general of Portugal and Chairperson of Nepal Britain Chamber of Commerce and Industry. He earlier served as first vice-chairperson […]

Sub Metropolis blacklists evasive taxpayers


Morang / Nov 20: The Biratnagar Sub Metropolitan City has expedited the process for taking legal action against taxpayers resisting the due submission of land value and property tax. The amount of tax payment the industrialists and entrepreneurs are evading has crossed Rs 20 million prompting the sub metropolis to blacklist those yet to cough […]

NBL enters 80th year


Kathmandu / Nov 15: The Nepal Bank Limited (NBL), the country’s oldest bank, has entered 80th year of its establishment from today. The bank that carries a history of starting the institutional banking services in the country has paid-up capital of Rs 5.49 billion. The government owns 62.21 per cent in the current share capital […]

33.6 million Rs 500 and Rs 1,000 IC banknotes in Nepali banks: NRB

Nepal Rastra Bank

Kathmandu / Nov 10: Nepal Rastra Bank (NRB), the central bank of the country, has stated there are around 33.6 million Indian currency notes of the Rs 500 and Rs 1000 denominations with the banks and the financial institutions across the country. The NRB shared this information in response to a query after reports of […]

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