Economy

Cooperatives’ role important for prosperity: Chairman Dahal

Chitwan / Apr 21: Former Prime Minister and Nepal Communist Party Chairman Pushpa Kamal Dahal said cooperatives’ role should be augmented to ensure economic prosperity and socialism-oriented State with social justice. Opening a petrol pump set up by District Cooperatives Association Chitwan here today, Chairman Dahal argued that as per three-pillar economic policy, the cooperative […]


Annual drug transaction worth Rs 45 billion in Nepal

Pokhara / Apr 18: Drugs worth Rs 45 billion are transacted in the country annually. This information was shared in a news conference organised on the eve of the National Convention of Nepal Chemist & Druggist Association here today. On the occasion, Association president Mrigendra Mehar Shrestha said that a total 21,000 people were involved […]


Finance Minister stresses on quality increase in revenue

Bharatpur / Apr 15: Finance Minister Dr Yuba Raj Khatiwada has directed revenue employees for a quality increase in revenue by expanding the scope of taxation. During his visit today to the Inland Revenue Office, Bharatpur, he directed the office employees to focus on quality growth in revenue. He also instructed for the full enforcement […]


Soft-launch of VNY 2020 from Pokhara

Kathmandu / Apr 8: The government is set to make a soft-launch of its ‘Visit Nepal Year 2020’ campaign from Pokhara, a famous tourist destination, on April 13 marking the eve of the Nepali New Year, 2076. In preparations for this bid, a meeting of the main organising committee under the chairpersonship of Prime Minister […]


Economic growth rate estimated to be 6.2 percent

Kathmandu / Apr 3: The Asian Development Bank (ADB) has estimated Nepal’s economy to grow at 6.2% in fiscal year (FY) 2019 and 6.3% in FY 2020. “The outlook is for a stable growth on the back of strong domestic demand, fueled by a larger budget allocation to subnational governments and accelerated post-earthquake reconstruction,” said […]


Gov’t all set to host Nepal Investment Summit, says Finance Minister

Kathmandu / Mar 27: The government said on Wednesday that it has made all preparations to host the Nepal Investment Summit in Kathmandu later this week. At a press conference at the Finance Ministry, Finance Minister Yubaraj Khatiwada said that all preparations have been completed to host the summit. Finance Minister Khatiwada hoped that the […]


Upper Tamakoshi Hydropower Project to come into operation by coming Mid-December

Dolakha / Mar 23: Minister for Energy, Water Resources and Irrigation, Barshaman Pun observed the 456-Megawatt capacity Upper Tamakoshi Hydropower Project, a national pride project, today. Minister Pun, who has been putting in meaningful efforts for the completion of this project, had reached Dolakha, the district where the project is located, on Friday. The Minister […]


NTA tells Nepal Telecom to pay Rs. 20 billion to renew its license for five years

Kathmandu / Mar 20: Nepal Telecommunication Authority has decided to collect Rs 20 billion from Nepal Telecom (NTC), to renew its Mobile license for five years. The NTA board on Sunday reached the decision. “Earlier, Nepal Telecom had paid Rs. 180 million to renew its license. However, now, we’ve made it clear that the company […]


Social security program will be placed under single umbrella: Finance Minister

Kathmandu / Mar 18: Finance Minister Dr Yuba Raj Khatiwada has said that the social security program would be kept under a single umbrella. Addressing the 29th-anniversary program and foundation-laying ceremony of the new building of the Citizen Investment Trust (CIT) here today, he said the various government bodies and agencies operating the social security […]


Minister Yadav admits poor performance, hints of being replaced

Kathmandu / Mar 15: The Minister for Industry, Commerce and Supplies, Matrika Prasad Yadav hinted that he might be axed from his ministerial portfolio if Prime Minister KP Sharma Oli is to reshuffle his cabinet. While Yadav admitted of poor performance, he said he hadn’t taken wrong decisions either. “I have not misused my power […]




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