Economy

No shortage of cooking gas: NOC

Kathmandu / Mar 4:The Nepal Oil Corporation (NOC) on Monday said that current import of Liquefied Petroleum Gas (LPG) cylinders is sufficient to meet the demand and urged consumers not to run after rumours of cooking gas shortage. In this backdrop, the NOC has asked consumers, not to panic-buy cooking gas. The statement from the […]


Indian government approves proposal to build transmission line in Nepal

Kathmandu / Mar 01: The Indian government has approved an investment proposal to build the transmission line in eastern Nepal to export the electricity generated by Arun-3 Hydropower Project being developed by an Indian state-owned company. In a statement released on Thursday night, the Indian Cabinet said it has approved an investment proposal worth IRs […]


FNCCI Employers Council chair Dhakal calls on SAARC employers to invest in Nepal

Kathmandu / Feb 11: Federation of Nepalese Chambers of Commerce and Industry (FNCCI)’s Employers Council chairman Chandra Prasad Dhakal has called on employers and investors of the SAARC region to invest in Nepal. In his address to the eighth meeting of the South Asian Forum of Employers kicked off from today in New Delhi, he […]


ECTS of goods in Vishakhanpatnam Port successful

Kathmandu / Feb 10: The test of Electronic Cargo Tracking System (ECTS) of goods transhipped from Vishakhapatnam Port in India to Birgunj in Nepal has been a success. The Port will officially begin ferrying Nepali-bound goods from February 15 this year. The Customs authorities had launched the GPS-based tracking tool last summer which will cut […]


40pc work completed in Upper Bhotekoshi hydel project

Sindhualchowk / Feb 08:The Upper Bhotekoshi Hydropower Project that suffered badly from the natural disasters and faced five years of closure is now gaining momentum in its reconstruction bids. Authorities said that around 40 per cent of the reconstruction works of the project has been completed so far. The 45 megawatts capacity project located at […]


SC orders Ncell, Axiata to pay Rs 38b capital gains tax

Kathmandu / Feb 6: Supreme Court has ordered telecom company Ncell to pay Rs 38 billion capital gains tax to the government. Issuing a mandamus on the writ of the alleged capital gains tax evasion by private telecom corporation Ncell, on Wednesday, a full bench led by Chief Justice Cholendra Shamsher Rana and comprised of […]


Rail procurement process for Janakpur-Jayanagar begins

Kathmandu / Feb 4: A procurement process has begun to materialise the government plan of launching the railway service from Kurtha of Janakpur to Jaynagar of India. The Cabinet meeting of January 13 decided to go with the procurement process. The Department of Railways under the Ministry of Physical Infrastructure and Transport has started preparations […]


With investment of Rs 200 billion, Nepal becomes self-reliant in cement

Kathmandu / Feb 01: With huge amount of national and foreign investments in cement industries, Nepal is self-reliant in cement production this year onwards. According to industrialists, cement industries have received the investment of around Rs 200 billion while this sector has the annual transaction of worth Rs 150 billion. Chairman of Nepal Cement Producers’ […]


Locals affected by Kaligandaki ‘A’ Hydropower protest

Syangja / Jan 27: The people affected by the Kaligandaki ‘A’ Hydropower at Beltari area in Syangja district have demonstrated by putting forth various demands. They have blocked the road leading to the project powerhouse. Their demands include that they should be provided electricity generated from the project rather than others. Irrigation facility and concrete […]


Biratnagar collects Rs 3.18 billion in revenue

Biratnagaar / Jan 18: The Inland Revenue Office, Biratnagar, has collected Rs 3.18 billion in revenue in the first six months of the current fiscal year. According to the office, Rs 2.46 billion was collected during the review period in the last fiscal year. Chief of the Office Dilip Kumar Gautam said the revenue of […]




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