Economy

US president signs law granting special trade preference to Nepal

Barrack Obama

Kathmandu / February 25: U.S. President Barack Obama on Wednesday signed legislation authorizing special trade preferences for Nepal, which will grant duty-free tariff benefits for up to 66 types of items, including certain carpets, headgear, shawls, scarves, and travel goods. A US Embassy Kathmandu press release states that the Nepal programme is authorized for ten […]


Foreign investment vital for Nepal, says PM Oli

PM Press Conference India

By Prakash Silwal (New Delhi) / February 22: Prime Minister KP Sharma Oli has said that there was an overwhelming consensus in Nepal that economic agenda should now be among the foremost priorities. “There is also consensus that foreign investment is vital and we need to attract it,” he added. Prime Minister Oli, who is […]


International trade fair from March 17

FNCCI

Kathmandu / February 18: An international trade fair is going to take place at local Bhrikutimandap from March 17 to 21. The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) is hosting the fair that will be supported by the Ministry of Commerce and Supplies and Trade and Export Promotion Center. Stalls booking has […]


Foreign trade declines by 29 per cent

government logo

Kathmandu / February 16: The country’s foreign trade shrank by 29 per cent in the first six month of the current fiscal year 2015/016. The slump in the foreign trade volume is attributed to the decrease in import and export with India which constitutes two third of Nepal’s foreign trade, according to the Trade and […]


Nepal to import 80 MW power from India

Electricity

Kathmandu / February 15: Nepal is to import 80 Megawatt of electricity from India through the Dhalkebar-Mujjafpur Cross Border Transmission line. The import is being made under the government’s short-term policy of coping with the severe power outage in the country Nepal Electricity Authority (NEA) signed the Power Purchase Agreement (PPA) regarding this with the […]


Business community’s suggestions for PM’s India trip

PM Oli

Birgunj / February 14: The industrialists and business persons based in Birgunj have said that Prime Minister KP Sharma Oli has to lay emphasis on infrastructure construction during his India visit to facilitate the trades between Nepal-India. They have said that PM Oli should hold talks with India for railway line expansion in Nepal adding […]


Korea returnees eligible to go again

Labor, Foreign Employment

Kathmandu / February 13: There is an increasing trend of Nepali migrants, who have gone to South Korea under the South Korean Employment Permit System (EPS), staying back illegally in the country even after the end of their job contract. Misconception among returnee migrants after completing their job contract terms that they cannot go to […]


Construction of inter-country transmission line over, power import still uncertain

Electricity

Ramesh Lamsal / Kathmandu: Confusion remains regarding power import as no agreement has been reached from which company to purchase the power despite the completion of the construction of the Dhalkebar-Muzaffapur inter-country power transmission line. The Power Transmission Company has already informed the completion of the transmission line construction and it is to conduct a […]


Parliamentary committee briefed on Ncell ownership handover

Ncell Handover

Kathmandu / February 2: Lawmakers have urged the State to take a decision in a judicious manner regarding the revenue that goes to the state coffers in the process of ownership handover of the telecom service provider, Ncell. Speaking in the Public Account Committee meeting today, lawmakers acquired information on the process that Telia Sonera […]


Nat’l grid to get 7 megawatt power soon

Electricity

Ilam / February 2: The Sanima Mai Hydropower Project has generated seven megawatt electricity from its cascade project based at Danabari and Chisapani VDCs in Ilam district. The project has started its test production recently by completing the entire construction works. Administrative Officer of the project, Basanta Poudel, said that the power generated from the […]




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