Economy

IPB gives approval to Chinese company to invest Rs 14 billion in Super Sanjen; Investment of Super Madi approved

Kathmandu / May 15: Chinese investment is flowing in one after the other in the energy sector in Nepal in recent days. In this connection, a meeting of the Investment Promotion Board (IPB) under the Department of Industries has recently given approval to a Chinese company to bring in investment of Rs 14 billion in […]


World Bank to provide 266 mil USD concessional loan to Nepal

Kathmandu / May 10: The World Bank (WB) has agreed to provide concessional loan of 200 million US dollar under the First Programmatic Fiscal and Public Financial Management Development Policy Credit (DPC) in budgetary support and 66 million US dollar for Rani Jamara Kulariya Irrigation Scheme. At a programme organised at Finance Ministry on Thursday, […]


Separate Act relating to Kathmandu-Tarai Fast Track drafted

Kathmandu / May 2: Defense Ministry has prepared a draft of a separate act related to Kathmandu-Tarai Fast Track to sort out legal and technical hassles, said the Ministry. The separate act means to discourage influence of a sector on another sector taking important decisions relating to the project, said Minister for Defence Ishwor Pokharel […]


Minister Pun directs stakeholders to submit details of hydropower projects

Kathmandu / Apr 30 : Minister for Energy, Water Resources and Irrigation Barshaman Pun has directed the concerned stakeholders to submit details of the hydropower projects being constructed at the investment of government and private sector. Expressing dissatisfaction over the progress of hydropower projects, Minister Pun directed the subsidiary and private investment companies under the […]


Chinese Company puts proposal for monorail operation

Kathmandu / Apr 28:A Chinese Company has submitted a proposal for the construction of infrastructure required for the operation of monorail in Kathmandu Metropolis. The Chinese Company, CRCC, has come up with the proposal in a way to construct the monorail infrastructure along the Ring Road of Kathmandu Valley within two years, said KMC Public […]


Nepal’s largest ever solar power project starts in Nuwakot

Kathmandu / Apr 27: Construction works of a solar project said to be the largest solar power project in the country have started at Trishuli in Nuwakot. The 25-megawatt project funded by the government and the Nepal Electricity Authority (NEA) is estimated to cost Rs 4 billion. The World Bank will also provide concessional loan. […]


Economic growth rate projected to be 5.89 %

Kathmandu / Apr 25: The economic growth rate is projected to be 5.89 per cent in the current fiscal year. The projection has been made based on economic indicators and data from six to nine months of the current fiscal year 2074-75 BS. The national accounts statistics of the fiscal 2074-75 BS launched by Central […]


Per capita debt up by Rs 2,114

Kathmandu / Apr 23: Per capita debt of Nepalis has increased by Rs 2,114 in the fiscal year 2016/17. Now it has reached to Rs 24,276 against Rs 22,129. A report submitted by the Financial Comptroller General’s Office stated that the total debt of the government was Rs 696.69 billion till 2016/17. Of the total […]


684 kms of water supply pipeline installed under Melamchi project

Kathmandu / Apr 20: Six hundred eighty four kilometres water supply pipeline has been installed so far under the Melamchi Water Supply Project. The project has estimated to install a total 720 kilometers of pipeline within 45 days but 684 kilometres has been completed in the first phase so far. The Kathmandu Upatyaka Khanepani Limited […]


FNCCI backs govt decision; Minister Thapa reiterates severe against corruption and monopoly

Kathmandu / Apr. 19: Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has backed the government decision not to renew any transportation committees, which are registered at district administration offices (DAOs). Issuing a press statement on Thursday, the FNCCI has supported the government decision and has argued that any form of syndicate and cartels […]




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