Economy

Coronavirus puts tea industries out of gear

Kokila Dhakal / Ilam: This is the season of the ‘first flush’ – qualitative tea leaves. Farmers begin to pluck the first flush by the third week of March every year. But this year the leaves are growing in the tea plants even though it is already April. The lockdown put into effect to save […]


Govt. urges industries producing essentials good to run in full capacity

Kathmandu / Mar. 24:The government has called upon the industries producing daily essentials to run in full capacity. Issuing a press release today, the Ministry of Industry, Commerce and Supply urged the industries producing medicines, health equipment, daily essentials, drinking water, milk and petroleum products to run in the full swing though the government has […]


Kathmanduites allowed to celebrate Holi but not in groups’

Keshab Raj Poudel / Kathmandu, Mar. 8: Janak Raj Dahal, Chief District Officer (CDO) of Kathmandu, today said, “The denizens can peacefully celebrate Holi with their families but they cannot throw waters or colors at others.” Clarifying the public confusion about the District Administration Office (DAO) preventing them to celebrate Holi, CDO Dahal said that […]


Minister Khatiwada urges Telecom service providers to serve costumers’ interest

Kathmandu / Mar. 3: Finance Minister and Minister for Communications and Information Technology, Dr Yuba Raj Khatiwada, has urged the telecommunications service providers to ensure easy and accessible service to customers. In his address to a programme organised on the occasion of the 22th anniversary of Nepal Telecommunications Authority (NTA) here today, the Minister called […]


Kaligandaki ‘A’ hydropower station shut down for three days

Kathmandu / Feb. 21: Kaligandaki ‘A’ hydropower station at Mirmi, Syangja, Nepal’s biggest half-reservoir hydropower project, has been shut down for three days from today for repair and maintenance, said the Nepal Electricity Authority. Repair started on Thursday at 11 pm after halting electricity production, after the main inlet valve started leaking water, said NEA’s […]


NA Wide body resumes regular flights from today

Kathmandu, Feb. 18: The wide body aircraft of the national flag carrier, Nepal airlines, A-330, which evacuated Nepalis from Wuhan, the epicenter of Covid-19, is all set to resume its regular flights. The aircraft, after rescuing 175 Nepali nationals from Wuhan, have completed the 48 hours quarantine period in accordance to international safety standards. After […]


Industrial census to take place in Nepalgunj

Nepalgunj / Feb 16: An industrial census and survey will be carried out in Nepalgunj from the fourth week of February. The census is believed to be helpful to the government to formulate industrial policies. It would further create opportunities and help resolve challenges relating to industry sector, said Dan Bahadur Airee, chief of the […]


Budget resized to 90.4%; trade deficit falls by 6.1%

Kathmandu / Feb 12: Minister for Finance Dr Yubaraj Khatiwada has informed that the size of the budget of the current fiscal year has been reduced to Rs 1 trillion 385 billion and 963 million considering the fact that only 90.4 percent of the total budget is estimated to be spent. Speaking at a program […]


10 percent VAT rebate on digital payments scheme launched in capital

Kathmandu / Feb 11: The Inland Revenue Department on Tuesday introduced a new system, according to which, the consumers who make purchases through electronic means would be able to get a 10 percent rebate on the 13 percent VAT they have paid to the government. Amid a program, Finance Minister Yubaraj Khatiwada unveiled the new […]


Nepal and WB sign extra credit for housing

Kathmandu / Feb. 6: The World Bank has approved additional credit of US$ 200 million (approximately Rs. 22.82 billion) for the implementation of the Earthquake Housing Reconstruction Project (EHRP) in Nepal. An agreement to this effect was signed here Thursday. Shreekrishna Nepal, Joint Secretary, Ministry of Finance and Faris H. Hadad-Zervos, World Bank Country Manager […]




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