Economy

Tourist arrival surges in Annapurna trek route

everest-trek-trails

Lamjung / Apr. 9: The surge in the arrival of tourists at the Annapurna trek route has been a matter of great joy for entrepreneurs and villagers here. As per the data provided by the Timsa Check Post, Besisahar, more than 2,000 foreign tourists traveled through the Annapurna circuit in the month of March. According […]


NAC signs deal with AAR Corp to buy 2 wide body jets

NAC60

Kathmandu / Apr. 07: Nepal Airlines Corporation (NAC) has signed a $209.6 million deal to purchase two Airbus A330-200 long-range jets from US-based AAR Corp on Friday, marking the largest-ever jet purchase deal in Nepal’s aviation history. The A330-200 can accommodate up to 280 passengers in a two-class layout. The agreement was signed between NAC […]


Power worth Rs 15 billion to be imported

Electricity

Kathmandu / April 4: Nepal Electricity Authority (NEA) has shared that power worth Rs 15 billion would be imported to liberate the country from load-shedding. The NEA has so far imported electricity worth Rs 9.68 billion in the first nine months of the fiscal year 2073-74 BS. It is projected that additional power worth Rs […]


ADB forecasts 6.2 percent economic growth for Nepal;  EU pledges to support sustainable growth of Nepal

ADB

  Kathmandu / March 28: The Asian Development Bank (ADB) has projected that the country’s economic growth will be between 5.2 to 6.2 percent in 2017. The ADB shared this information organizing a news conference here today. It estimated that the GDP increase in terms of basic price in the Fiscal Year 2017/18 will be […]


Govt forms High-Level Panels for SDGs implementation

Sustainable Development Goals

Kathmandu / March 23: The government has formed nine separate committees for the coordination and effectiveness of the Sustainable Development Goals (SDGs) implementation. According to the National Planning Commission (NPC), the committees themselves can prepare their term of references and invite government officials and representatives of private and non-governmental sectors as the invitee members. The […]


Economic activities improving, NRB says

Nepal Rastra Bank

Kathmandu / March 16: The Nepal Rastra Bank (NRB) has said that country’s overall economic activities have witnessed progress during the first seven months of the current fiscal year, thanks to rise in agriculture, industry and service sectors. Releasing the ‘Current Macroeconomic and Financial Situation’ of the country on Thursday, the central bank said that […]


EC officially approached to lift ban on Nepali Airlines

Nepal Airlines

Kathmandu / March 15: The Government of Nepal has handed over an official letter approaching the European Commission (EC) to lift a ban on Nepali Airlines in European skies. Secretary at Ministry of Foreign Affairs, Shanker Bairagi, handed the approach paper to European Union Ambassador to Nepal, Renjse Tehrink, at Ministry on Wednesday, asking withdrawal […]


4th national summit of Microfinance kicks off in capital

Nepal Rastra Bank

Kathmandu / March 15: The 4th National Microfinance Summit organized by the Center for Microfinance (CMF), Nepal has kicked off in the capital from today. Minister for Finance Krisha Bahadur Mahara inaugurated the three-day summit where more than 800 participants from various stakeholders like the government, microfinance institutions, development partners, Nepal Rastra Bank (NRB) and […]


World Bank executive director meets NPC vice-chairman;  WB to provide additional support in reconstruction activities

world bank

  Kathmandu / March 13: The Executive Director of the World Bank Dr Andin Hadiyanto today has paid a courtesy call on National Planning Commission (NPC) Vice-chairman Dr Min Bahadur Shrestha at the NPC office Singh Durbar today. According to NPC office sources, issues related to economic condition, future scenario and WB’s support among others […]


42-kw Nandiwangkhola project benefits over 200 households

Electricity

Myagdi / March 10: Over 200 households of six wards of Malkwang VDC of Myagdi now have an access to electricity facility with the completion of a 42-kilowatt Nandiwangkhola Micro Hydroelectricity Project. The project constructed at a cost of over Rs 20 million was inaugurated amidst a programme here Thursday. On the occasion, Project Chief […]




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