Economy

Practicable budget for ensuring relief, propping up economy (Commentary)

Finance Ministry

Narayan Prasad Ghimire / Kathmandu: A large number of people are facing mounting sufferings with the approach of monsoon, as they are yet to reconstruct their houses demolished by the devastating earthquakes last year. Industrialists are yet to regain business pace, for they suffered worst with the economic blockade preceded by the earthquake. Similarly, the […]


Economic Survey presented in Parliament, GDP growth meager 0.77 %

Finance Minister Poudel

Kathmandu, May 26: The government presented the Economic Survey for the fiscal year 2072/073 in the Legislature-Parliament today. According to the Survey, the GDP is estimated to grow by 0.77 percent in the current fiscal year. The GDP growth rate last year was 2.32 percent. A decrease in the growth of the agriculture sector, maximum […]


NEA Palpa branch collects Rs 800,000 in fine for stealing electricity

NEA

Palpa / May 24: Palpa branch of the Nepal Electricity Authority (NEA) has collected Rs 800,000 in fine in one month’s period of April-13 to May-13 from those stealing electricity. The NEA’s move is a part of the campaign launched in Kaseni, Somadi, Chhara, Bhubanpokhari, Chidipani, Chappani and Tansen Muncipality to control leakage and electricity […]


Nepal will need 10,000 megawatt electricity after 25 years: WB study

Electricity

Kathmandu / May 20: The World Bank (WB) study has revealed that Nepal will be in need for 10,000 megawatts of electricity by 2040. The three-year study held under the title ‘The Benefits of Expanding Cross – Border Electricity Cooperation and Trade in South Asia’ has shown that electricity demand in domestic consumption for Nepal […]


Handicraft Trade Fair records sales of Rs 60 million

Handicraft Goods Nepal

Kathmandu / May 9: The 13th Handicraft Trade Fair and 11th Craft Competition concluded on Monday recording Rs 60 million worth of transactions and participation of around 250,000 visitors. Participating handicraft producers also received several orders during the five-day fair, according to officials of Federation of Handicraft Associations of Nepal (FHAN) – the organizer of […]


China manufactured aircraft ready to takeoff for Nepal

Nepal Airlines

Yek Raj Pathak (China) / April 25: Four aircraft, manufactured especially for Nepal, are ready to take off, an official at the Chinese aircraft manufacturing company at Harbin said. Chief Engineer of the aircraft manufacturing company, AVIC, Song Zhan said the final preparations have been done for that purpose. Song is also the designer of […]


Portfolio Review Meeting stresses on concerted efforts for project execution

ADB

Kathmandu / April 21: The development partners and the government officials have stressed on joint efforts towards resolving problems encountered in implementation of the development projects. Speaking in the tripartite portfolio review meeting of the Asian Development Bank (ADB)-funded projects under implementation in the country here today, government high officials concerned with the projects and […]


Over 1,800 MW power in two years

Electricity

Kathmandu / April 15: The government has projected to generate 1,846 MW electricity within two years. Similarly, the government has projected to produce 1,423 MW power in the winter season. A total of 628 MW electricity would be generated from the projects based on the river flow, 106 MW from reservoir projects after the construction of […]


50th AGM of FNCCI; PM Oli says govt now riveted on economic progress

FNCCI AGM

Kathmandu / April 10: Prime Minister KP Sharma Oli today reiterated the government is now focused on driving the country on a path of economic prosperity along with putting into practice the new constitution. Inaugurating the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) 50th Annual General Assembly (AGM) and Commerce and Industry Day, […]


River bank farming paying farmers well

riverbed farming

Morang / April 9: Chhedan Lal Mandal of Rangeli Municipality-9 of Morang is making a good income from the river bank farming. Thirty-five year Mandal who started vegetable farming on the bank of Chisang River is now happy for the return of his hardship. He invested Rs 200,000 to start vegetable farming on sandy soil […]




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