Kathmandu / July 17: The government and the World Bank signed a $450 million (around Rs. 54 billion) financing agreement that will help Nepal improve efficiency and safety of transport infrastructures, cross-border trade, and strengthen capacity for strategic road network management. In presence of Finance Minister Dr. Yuba Raj Khatiwada, the agreement was signed by […]
Kathmandu / July 14: Chandra Prasad Dhakal, vice-president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), on Tuesday announced his candidacy for the position of senior vice-president in the upcoming election of the federation. The umbrella organization of the country’s private sector has scheduled the election of its top position for August […]
Kathmandu / July 12: Nepal Airlines Corporation (NAC) has repatriated a total of 10,912 Nepalis from different countries as per the established guidelines of evacuation. The airlines in a statement on Sunday said they were brought to Nepal in the charter flights that were operated between the period of June 14 and July 12. The […]
Bhairahawa / July 6: The deadline of the under construction Gautam Buddha International Airport (GBIA) project has been extended up to the end of December 2020 citing the effect of COVID-19 pandemic in its construction. Civil Aviation Authority of Nepal (CAAN) has extended the term of construction for the fourth time as the pandemic affected […]
Kathmandu / June 30: Himalaya Airlines and Huawei Cloud, a Chinese multinational technology company, signed a memorandum of understanding (MoU) for strategic cooperation on Sunday. Issuing a statement on Tuesday, the airline said that the companies will cooperate in information communication technologies (ICT) represented by Huawei Cloud and artificial intelligence, in order to achieve mutual […]
Kathmandu / June 26: Minister for Energy, Water Resources and Irrigation Barsha Man Pun has said that additional 1,500 MW electricity would be produced in the next fiscal year 2020/21. “Although COVID-19 pandemic had affected some ongoing hydroelectricity projects, work at major projects like 456 MW Upper Tamakoshi is moving ahead undeterred. They will complete […]
Kathmandu, May 28: Finance Minister Dr. Yubaraj Khatiwada has presented an annual budget of Rs. 1474 billion 640 million for the upcoming fiscal year FY 2077/78 (2020/21) in the joint session of the federal parliament today. Of the total budget, Rs. 948 billion has been allocated for recurrent expenditure while Rs. 352 billion will be […]
Kathmandu / May 26: The Government has said that the economic growth in the current fiscal year will remain at 2. 3 per cent. The economic survey 2076/77 presented by Finance Minister Dr Yubaraj Khatiwada at the Federal Parliament today states that the growth rate is very low compared to what the government determined due […]
Kathmandu / May 15 : The national flag-carrier, Nepal Airlines Corporation (NAC), is operating a chartered flight to Narita International Airport of Japan today. The flight would be made by NAC’s A-330 wide-body plane. The plane will fly to Japan carrying some Japanese citizens stranded in Nepal due to the lockdown and the Nepali workers […]
Kathmandu / Apr. 14: The International Monetary Fund has approved immediate debt relief (IDF) for 25 countries, including Nepal. IMF’s Executive Board had approved the facility under its Catastrophe Containment and Relief Trust (CCRT) for its poorest member countries to help them in fighting the COVID-19 pandemic. The board has approved IDF to the 25 […]
