Economy

ANDRITZ HYDRO to open office in Nepal

Kathmandu / Nov 3: The ANDRITZ HYDRO, a global supplier of electromechanical systems and services for hydropower plants has celebrated its first ‘Customer Day’ with a view to expanding its office in Nepal. With this connection, the company has organised a two-day programme titled ‘Hydropower Solution for Nepal’. Deputy Prime Minister and Minister for Finance […]


Import of marigold garlands worth Rs 6 million for Tihar

Kathmandu / Oct 24: The Capital will likely see an import of marigold garlands worth Rs 6 million this Tihar Festival. Floriculture Association Nepal has estimated that this time the import of marigold garlands from India will go up compared to the last time. The Association plans to import 200,000 garlands which is more by […]


FNCCI endorses amended charter; Bhawani Rana certain to become next president

Kathmandu / Oct 20 : Bhawani Rana is certain to assume the president post of Federation of Nepalese Chamber of Commerce and Industry (FNCCI) from coming March after a special general assembly endorsed the amended charter of the institution on Thursday. The amendment allows senior vice president to become president paving the way for Rana […]


Call to accelerate implementation of ADB-funded projects

Kathmandu / Oct 20 : A tri-party review meeting on Thursday stressed that implementation of the Asian Development Bank (ADB)-funded projects in Nepal should be accelerated. The work progress reports presented at the meeting held at the Ministry of Finance show that 32 projects among the projects being implemented have witnessed a slow progress. According […]


Hoteliers earn fortune as hundreds of tourists reach Rara

Mugu / Oct 19: Hotels near the Rara Lake in Mugu district have almost won a lottery these days as the influx of domestic tourists has increased. Around 300 domestic tourists come to visit the biggest lake of Nepal by airways and roadways via Dailekh, Kalikot and Jumla on a daily basis, according to local […]


Govt expenditure at 12.37pc in first quarter

Kathmandu / Oct 18 : Only 12.37 per cent or Rs 129.72 billion of the total budget of Rs 1,048.9 billion was spent in the first quarter (mid-July to mid-October) of current fiscal 2016-17, as the capital expenditure remained low like in the previous years. The government has been failing to increase capital expenditure — […]


Gold transaction surges in face of price slump

Kathmandu / Oct 14: The gold transaction has surged in the wake of diminution of its market value after the start of the Bada Dashain festival, Nepal Gold & Silver Dealers’ Association said. The price of a unit (tola) of Hallmark Gold which stood at Rs 58,300 during the Ghatasthapana day is seeing transaction for […]


PM urged to make most out of BRICS summit

Kathmandu / Oct 13: Foreign relations experts and diplomats have urged Prime Minister Pushpa Kamal Dahal to make most out of the Eighth BRICS Summit being held this October 15-16 in Goa, India, when he goes there to attend the event. Speaking in a programme organised by Reporters Club Nepal here today, they also suggested […]


Farmers demand compensation for failed paddy crop

Dhading / Oct 6: Paddy farmers here have demanded compensation to what they claim failed crop from the seeds distributed by the District Agriculture Development Office. The farmers had received paddy seeds called Hardinath 1 from the Office in the previous fiscal year. The paddy seeds were reportedly produced by the Regional Agriculture Research Centre, […]


Local investment to be guaranteed in Budhigandaki-Minister Sharma

Kathmandu / Oct 4: The government is making an arrangement for project-affected locals to invest shares in the Budhigandaki Hydropower — a national pride project. At a time when there was confusion whether or not to involve affected locals in the multi-purpose and big investment project with no immediate benefits, the government has ensured their […]




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