Economy

PM Oli warns of seeking strategic partner to run NAC

Kathmandu / July 1: Prime Minister KP Sharma Oli has said that the government will not provide the state-run Nepal Airlines Corporation(NAC) with money even in an insignificant amount under the existing circumstance. Oli clarified that the government has no trust in the management team of the NAC, which has incurred loss amounting to Rs […]


Dhauliganga Hydroelectric Dam to be cleaned, people concerned urged to stay safe

Baitadi / June 26: The dam of Dhauliganga Hydroelectric Project based in Dhauliganga River in Pithoragarh of Uttarakhand, India is to be opened Friday. According to a letter received from the NHPC Limited, Dhauliganga Power Station, Darchula in Pithoragarh, the works of shift flushing (cleaning) have been scheduled from 12:00 midnight of June 28 to […]


Nepal, Bangladesh agree to make joint investment in Nepal’s hydropower

Kathmandu / June 22: Nepal and Bangladesh were agreed to jointly invest in the feasible hydropower project in Nepal. A meeting of the Energy secretaries from the two countries on Friday decided to make a joint investment in the projects as stated in the whitepaper issued after the last meeting. The Energy Ministry had included […]


PM Employment Programme: 2,753 youths get job in Jhapa

Jhapa / June 21: The number of youths mobilized from 14 local levels for various activities under the Prime Minister Employment Programme has reached 2,753 in the district this year. The unemployed youths are mobilized for painting schools and maintaining cleanliness at religious and touristy areas. Among fifteen local levels, the youths are selected for […]


Remittance up by 20 %

Kathmandu / June 19: Despite the declining number of people leaving for foreign jobs, the remittance into the country has increased by 20 percent, according to Nepal Rastra Bank report. Making public the economic and commercial status of the country in the past ten months of the current fiscal year, the NRB shared that remittance […]


Inflation below five per cent: Finance Minister

Kathmandu / June 10: Finance Minister Dr Yubaraj Khatiwada has said that the inflation would be below five per cent in the coming fiscal year. Responding to queries raised by MPs at the National Assembly today, he said the economic growth rate would be above seven percent in the current fiscal year, with all the […]


Nepal’s economic growth rate to reach 7.1 per cent : World Bank

Kathmandu / June 6: The World Bank has assumed 7.1 percent as Nepal’s economic growth rate for the current fiscal year 2076/77. The World Bank issued the report on Thursday. The report stated that the growth in Nepal’s economy is speeding up contributing to the assumption. According to Hans Timmer, South Asian Senior Economist, if […]


Renowned industrialist Prabhakar Sumsher Rana passes away

Kathmandu / May 31: Renowned industrialist Prabhakar Sumsher Rana passed away in the United States on Thursday. He was 84. Rana, who is considered as the pioneer of the Nepali hotel industry, died in course of treatment at Rehabilitation Centre in New York, according to family sources. He admitted to the hospital one year ago. […]


Government projects 7 percent economic growth for FY 2018/19

Kathmandu / May 27: Government has projected seven percent economic growth for the fiscal year 2019/20. Presenting the economic survey for the fiscal year 2018/19, Finance Minister Yubaraj Khatiwada claimed that most of the financial, social and physical infrastructure indicators are in rising because of which the country will experience high economic growth in the […]


Public hearing on wide-body aircraft purchase scam tomorrow

Kathmandu / May 24: The Nepali for Nepal Campaign is going to organize a public hearing on the ‘wide-body aircraft purchase scam’ at local Basantapur Dabali on May 25. Civil rights campaigner Dr Surendra Bhandari said in a news conference here on Thursday that the public hearing is being held to inform the general public […]




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