Economy

Lawmakers demand government accelerate Kathmandu-Nijgadh Fast Track

Kathmandu / Feb 22: Lawmakers have demanded the government expedite the construction of the Kathmandu-Nijgadh Fast Track. Speaking at a meeting of the Public Account Committee, Legislature-Parliament today, lawmakers from various political parties voiced for accelerating the implementation of the project. In response, Minister for Infrastructure and Transport Ramesh Lekhak pledged to speed up the […]


Power produced from Hewakhola Hydel Project ‘A’ connected to national grid

Panchthar / Feb 17: Electricity produced from Hewakhola Hydropower Project ‘A’ in Panchthar has been connected to the national grid from Wednesday. The 10.6-MW electricity has been linked to the national grid. Earlier, 4.3 MW power produced from the Project was already linked to the national grid after the inauguration of sub-station of Thapatar in […]


Nepal Telecom to propose reconstruction of Dharahara

Kathmandu / Feb 15 : Nepal Telecom (NT) has proposed the reconstruction of quake-damaged Dharahara, the iconic tallest historical monument, in Kathmandu. Joint-Secretary of NT, Roman Adhikari said the state-owned telecommunication service provider is making preparations to take its reconstruction proposal to the Department of Archeology (DoA) according to which NT will invest Rs 4 […]


Syangja to be developed orange zone

Syangja / Feb 12: Good news for orange growers! Syangja will be developed as orange zone. The move is as part of the implementation of the 10 years Prime Minister Agriculture Modernisation Project envisioned in the fiscal budget 2016-17 to improve agricultural productivity in the country. As part of the project, there will be work […]


Kathmandu – Kuala Lumpur direct flight takes off

Kathmandu / Feb 10: Private airline company, the Himalaya Airlines, today launched direct flights between Kathmandu and Kuala Lumpur. Minister for Culture, Tourism and Civil Aviation (MOCTA), Jeevan Bahadur Shahi, inaugurated the airline’s maiden flight to the Malaysian capital amidst a special ceremony held at the Tribhuvan International Airport (TIA) this morning. Himalaya Airlines, a […]


Trade deficit increases by 71 per cent

Kathmandu, Feb. 9: The trade deficit has gone up by 71.3 per cent in the first six month of the current fiscal year, thanks to heavy increase in goods import despite normal rise in the exports in the country. According to a statistics released by the Trade and Exports Promotion Centre in the capital today, […]


NAC to add Wide Body Airbus every year

Kathmandu / Feb 6: The Nepal Airlines Corporation (NAC) has unveiled its ambitious plan to add at least an airbus every year. At a press conference organized here on Monday to address queries raised in connection with the procurement of Airbus Wide Body A 330-200, General Manager Sugat Ratna Kansakar said that the NAC has […]


No liquidity crunch in market: NRB

Kathmandu / Feb 1: Nepal Rastra Bank (NRB) has clarified that there is no liquidity crunch in the finance market. Addressing a programme organised in the Capital today by Nepal Bankers’ Association, Deputy Governor Chinta Mani Siwakoti said there is still Rs 30 billion that could be invested in the market. “It does not mean […]


Govt wants hydel projects to complete before their deadline

Kathmandu / Jan 24: The government has asked the stakeholders to complete all the under-construction hydropower projects before their deadline in order to increase internal production and end load-shedding across Nepal. In its 37-point action plan, the Ministry of Energy has further said it aims at producing an additional 200 MW electricity within this fiscal […]


NAC to bring two aircraft from China by Saturday

Kathmandu / Jan 24: The two aircraft the national flag carrier, Nepal Airlines Corporation, received in loan assistance from China are to be brought here by coming Saturday. The Chinese side has already expressed commitments in writing with the NAC regarding the supply of spare parts and other technical issues, according to NAC General Manager […]




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