Kathmandu / July 8: The Ministry of Finance (MoF) has directed the Financial Comptroller General Office not to release payments to those local governments that have failed to present their annual budgets so far. An intergovernmental finance management law has set June 24/25 (Asadh 10) as the deadline to announce the budget at the local […]
Kathmandu / July 7: The government has included five more items — tea, electricity wire and conductor, footwear, zinc sheets and paints — in the lists of the potential goods in which Nepal is being self-reliant. According to a report recently unveiled by the Department of Industry (DoI), it has reached the conclusion following a […]
Kathmandu / June 26: The much-awaited national pride project, Upper Tamakoshi Hydropower Project, is all set to come online within coming July 15. It will start generating 152 megawatts of electricity. Necessary preparations have reached the final stage for producing electricity from two units of the Project within July 15. Project spokesperson Dr Ganesh Neupane […]
Kathmandu / June 24: Import to Export ratio shrank as export jumped up by 37 percent in the last 11 months in comparison to the review period of the 11 months of the previous FY. The Foreign Trade Statistic released by of the Department of Custom showed that the import to export ratio reduced to […]
Kathmandu / June 21: The government has approved investment worth Rs 97 billion to construct two hydropower projects. According to the Office of the Investment Board, Nepal (IBN), its 47th board meeting led by Prime Minister KP Oli on Tuesday gave the go-ahead to construct 762 MW Tamor Storage Hydroelectricity Project and 139.2 MW Manang-Marsyangdi […]
Kathmandu / June 21: Nepal received commitments for foreign assistance worth Rs 202.28 billion in the first ten months of the current fiscal year, which is 35.3 percent more than the pledged amount in the same period last year. Of the pledged amount, 89.1 percent was loans while the remaining 10.9 percent was for grants. […]
Ajay Chhetri / Kathmandu, June 16: The liquidity crunch in the banking system has started to appear as deposit has dipped down. It has risked the credit rate hike when economic activities reopen. The “Banking and Financial Statistics” of the Nepal Rastra Bank of the mid-May revealed that total deposit of the bank and financial […]
Kathmandu / June 15: Deputy Prime Minister and Finance Minister Bishnu Poudel has termed the construction industry as a ‘pillar’ of prosperity and praised the pace of ongoing construction works even in an adverse situation caused by the COVID-19 pandemic. During his meeting with the Federation of Contractors’ Associations of Nepal (FCAN) today, Deputy Prime […]
Kathmandu / June 12: The World Bank (WB) on Friday approved US $ 60 million to improve the quality of Nepal’s higher education, scale up online learning, and expand access to academic institutions for underprivileged and vulnerable students. The fund is expected to help Nepal improve human capital development that is largely affected by the […]
Kathmandu / June 1: Himalayan Reinsurance Company (HRC) has received approval from the Insurance Board (IB) to operate as the second reinsurer in the country. According to the IB, it issued a letter of intent to the HRC on Monday. “Now the company needs to start its operation by mid-November by the latest,” said Raju […]
Newbaneshwor
Kathmandu, Nepal
4479401
Editor : Mr. Divesh J.B. Rana
Chairperson : Mr. Kishore Thapa