Economy

Communications Minister stresses on quality information technology

Biratnagar, June 30: Minister for Communications and Information Technology, Gokul Prasad Banskota, has said that the new government has carried ahead works with new goal. Addressing a programme after inspecting the Biratnagar-based Nepal Telecom office here on Saturday, Minister Banskota said, “The 21st century is the age of information technology and this service should be […]


Rasuwagadhi hydel: tunnel in final stage

Rasuwa, June 30: Construction of the tunnel of the Rasugadhi Hydropower Project in northern Rasuwa has reached the final stage. Of the total length of 4,203 meters, 3,953 meters of the tunnel has been constructed, according to the project Chief Chabi Lal Gaire. The 111 MW capacity project is slated to start power production from […]


Sajha Yatayat to add 24 more buses

Lalitpur, June 28/ Sajha Yatayat is to add 24 buses to expand its service which is presently available in Kathmandu Valley and some routes outside the valley as well. According to Sajha’s executive officer, Mahendra Raj Pandey, the cooperative public organisation is introducing four deluxe buses and 20 city motor vehicles to expand its services. […]


NAC’s A330 lands in Nepal after a decade

Kathmandu, June 28: Nepal Airlines welcomed its first wide body jet aircraft, the Airbus A330-200 at Tribhuvan International Airport at 8: 15 AM today. The aircraft consists features a two-class cabin configuration and seats a total of 274 passengers—18 in business class and 256 in economy class. NAC has named the aircraft after Annapurna, the […]


Land-locked Nepal trades with China through sea more than land

Kathmandu, June 27 (Xinhua) — Despite being geographically connected, most of the trade between land-locked Nepal and China takes place through the sea, statistics of Nepal’s central bank revealed here recently. Around 87 percent of Nepal’s trade with China took place through the sea as of first 10 months of the current fiscal year that […]


AIIB issues $1m grant to upgrade power grid

Kathmandu, June 26/ Nepal has received a $1 million grant from the Asian Infrastructure Investment Bank (AIIB) to upgrade its electricity transmission and distribution system under the Power Distribution System Upgrade and Expansion Project which will be implemented by the Nepal Electricity Authority (NEA). The Finance Ministry signed a memorandum of understanding with the China-based […]


Govt accepting Rs 25 billion off-budget foreign aid annually

Kathmandu, June 26: The government is accepting an annual of Rs 24.63 billion ($225.87 million) annually in technical and other assistance from various bilateral and multilateral agencies that is not reflected in the annual budget. According to a data of the Ministry of Finance, 18 government ministries and commissions are running 135 multi-year technical assistance […]


CAN to provide scholarship for IT study

Biratnagar, June 24/The Computer Association of Nepal (CAN) is to provide scholarship amounting Rs 18.3 million in total for the deserving students opting to study information technology. It was shared at a press meet jointly organized by the CAN and Lord Buddha Education Foundation in Biratnagar on Saturday evening. The scholarship scheme named ‘CAN National […]


Nepal’s aviation sector removed from ICAO’s SSC list: Minister Adhikari

Kathmandu / June 22: Minister for Culture, Tourism and Civil aviation, Rabindra Prasad Adhikari, has said that International Civil Aviation Organisation (ICAO) has removed Nepal’s aviation sector from Significant Safety Concern (SSC) list. Responding to queries raised over contemporary issues of civil aviation in today’s meeting of the House of Representatives, Minister Adhikari informed the […]


Nepal exports pashmina products to 47 countries

Kathmandu / June 22: Nepal exports pashmina to 47 countries of the world, the Pashmina Industry Association has stated. The Association stated that Nepal could reap economic benefits from the pashmina industry provided that the government gave priority to the development of this industry. The pashmina manufacturers have been importing the pashmina yarn, chemicals and […]




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