Economy

NEA to build high-capacity power transmission line in Kathmandu

Kathmandu / Sept 12: The Nepal Electricity Authority (NEA) is going to build high capacity transmission lines to ensure regular and smooth electricity supply to Kathmandu Valley. Such transmission line with capacity of 220 KV double circuit has been named ‘Ring Transmission Line’ and would cover the three districts in the Valley-Kathmandu, Lalitpur and Bhaktapur. […]


International airlines companies adding flights to Nepal

Kathmandu / Sept 11: International airlines companies have been adding to the numbers of their flights to Nepal one after another after the government announced to celebrate the year 2020 as the Visit Nepal Year. The latest airline to add to its flights is the Salam Air of Oman. The Thailine Air of Thailand had […]


BRI to enhance cross border connectivity: Speaker Mahara

Kathmandu / Sept 10: Speaking at the 4th China, Tibet Tourism and Culture Expo held at Lhasa today on the theme ‘Incorporating Nepal into Belt and Road International Cooperation’, Speaker of the House of Representatives Krishna Bahadur Mahara asserted that advancing the Trans-Himalayan Multi-Dimensional Connectivity Network under the BRI was a common vision reached between […]


Bangladesh to purchase power from Upper Karnali Hydel Project

Dhaka / Sept 08: Bangladesh is to purchase electricity from the Upper Karnali Hydropower Project of Nepal. The Bangladesh government some days back made a decision to purchase 500 megawatts power from the 900-megawatt project. Bangladeshi Minister of State for Electricity, Energy and Minerals, Nasrul Hamid, informed Nepal’s Minister for Energy, Water Resources and Irrigation […]


Hydels with collective capacity of 2,356 MW under construction

Kathmandu / Aug 26: As many as 107 hydropower projects with collective installed capacity of 2,356 MW electricity are under construction in Nepal. According to Nepal Electricity Authority, these projects are in different phases of construction. Most of these will be completed within a year. The Upper Tamakoshi, which is listed as a national pride […]


Government for accelerated economic development: PM Oli

Bhaktapur / Aug 25: Prime Minister KP Sharma Oli has said the communist majority government was working in the direction of achieving rapid economic and social development. Inaugurating the Madan Bhandari Asian School at Kharipati here today, PM Oli said the government efforts were concentrated on achieving prosperity for the future generation. “Sustainable economic development […]


State should encourage those generating employment in country: Chair Dahal

Kathmandu / Aug 23: Chairperson of Communist Party of Nepal (CPN), Pushpa Kamal Dahal has said that the state should encourage creation of employment in the country. Inaugurating the 8th annual general meeting of the Events and Venue Association of Nepal here today, Chair Dahal said that the state should not control the entrepreneurs unnecessarily […]


Growth rate to remain eight percent claims NRB Governor

Kathmandu / Aug. 21: Nepal Rastra Bank (NRB) has assured the Parliamentary Committee that eight percent economic growth rate would be achieved in the current fiscal year 2018/19. In today’s meeting of the Finance Committee of the House of Representatives, NRB Governor Dr Chiranjivi Nepal said that the analysis of economic growth rate achieved in […]


No changes in tax rate: Finance Minister

Kathmandu / Aug 12: Minister for Finance, Dr Yubraj Khatiwada, has said that though there were challenges in revenue collection for the implementation of budget of the current fiscal year, the rate of tax has not been changed. During the meeting of Finance Committee of the Parliament held on Sunday, Finance Minister Khatiwada clarified that […]


WB doubles assistance: Finance Minister

Kathmandu / Aug 11: Finance Minister Dr Yubaraj Khatiwada has shared that the World Bank has decided to double the development assistance it has been providing to Nepal. The assistance would be doubled for the implementation of the development projects under the government’s priority, he added. Minister Khatiwada shared this information after returning from the […]




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