Economy

Electricity from India to cost Rs 10 per unit; Additional electricity to be imported from India 

Electricity

Kathmandu / Aug. 09: Nepal Electricity Authority (NEA) has determined the new tariff for the electricity that is being imported from India. The meeting of the Nepal-India Electricity Exchange Committee held on Tuesday in New Delhi of India has fixed the tariff to be Rs 8.88 in minimum to Rs 10.32 in maximum per unit. […]


Govt committed to construct Arun-III soon: Minister Karki

Finance Ministry

Kathmandu / Aug. 5: Minister for Finance Gyanendra Bahadur Karki on Saturday said that the government would move ahead with the construction work of the Arun-III hydropower project. Stating that the project is related to the country’s prosperity, Minister Karki said that the government was committed to constructing the Arun-III project soon. Speaking at a […]


Gold worth Rs 30 billion imported annually

gold-ornaments

Kathmandu / Aug. 5: Nepal imports gold worth Rs 30 billion annually, according to Kathmandu Gold Silver Dealers Association KGSDA. The Association, in its 15th annual general meeting held here today, also shared that the trade of gold and trade contributes Rs 9 billion to country’s national exchequer. Kathmandu Metropolitan City (KMC) mayor Bidya Sundar […]


Construction of Pokhara Regional Intl Airport begins

pokhara_airport

Pokhara / Aug 2: The construction of the Pokhara Regional International Airport has started. Formally initiating the construction works, Minister for Culture, Tourism and Civil Aviation, Jitendra Narayan Dev said the Pokhara regional international airport would be an important basis for the development of tourism. He stressed on the expansion of air routes along with […]


Stock market sees transaction above 5.5 billion

Nepse

Kathmandu / July 29: The stock market this week saw transaction worth Rs. 5.53 billion. Altogether 9.58 million shares of 170 companies were traded during the week, according to Nepal Stock Exchange (Nepse). The transaction is 16.75 per cent higher in compared to the previous week. Last week shares of 165 companies worth Rs. 4.73 […]


Handicrafts worth Rs 4.80 billion exported; Revenue generated from tourist entry fee doubled in Bhaktapur

Nepali-Handicraft

Kathmandu / July 23: Handicrafts worth Rs 4.80 billion have been exported from the country in the fiscal year 2016/17. Different handicrafts manufactured from bamboo, Dhaka, crystal, leather, paintings, papers, silver ornaments were exported to foreign countries during the period. According to Federation of Handicraft Association of Nepal, the highest amount of handicrafts was exported […]


Parliamentary body asks ministries to boost coordination to solve foreign employment problems

Labor, Foreign Employment

Kathmandu / July 19: The Ministry of Foreign Affairs, Home Ministry, and the Ministry of Labor and Employment, have been pressed to ensure strong and efficient coordination to resolve the problems relating to foreign employments. Legislature-Parliament’s International Relations and Labor Committee today drew the attention of government that the coordination among the concerned ministries was […]


Finance Minister pledges to expand tax base and reform tax regime

Finance Ministry

Kathmandu / July 18: The government has expressed its commitment to expand the tax base and to reform the tax system so as to give momentum to the economy. Addressing a news conference organized to share about the revenue collected by the government and the works carried out by the Finance Ministry in the previous […]


Parliamentary Committee formed to probe alleged financial misappropriation in NOC

Nepal Oil Corporation

Kathmandu / July 18: The Finance Committee of the Legislature-Parliament has formed a probe panel to investigate into the alleged financial irregularities in purchasing the land of the Nepal Oil Corporation (NOC). The Committee meeting held today constituted a panel headed by lawmaker Abdul Rajjak while Sarswati Bajimaya, Ichchharaj Tamang, Nardevi Pun, Srijana Taramu and […]


ISSR sees implementation of monetary policy challenging

Monetary Policy

Kathmandu / July 13: The Institute for Strategic Socio-Economic Research (ISSR) has expressed its doubt whether the monetary policy unveiled by the Nepal Rastra Bank last Sunday for the upcoming fiscal year would be a help in building investment-friendly atmosphere in the country. It seemed that the government would not be able to achieve the […]




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