Kathmandu / June 21: The government has approved investment worth Rs 97 billion to construct two hydropower projects. According to the Office of the Investment Board, Nepal (IBN), its 47th board meeting led by Prime Minister KP Oli on Tuesday gave the go-ahead to construct 762 MW Tamor Storage Hydroelectricity Project and 139.2 MW Manang-Marsyangdi […]
Kathmandu / June 21: Nepal received commitments for foreign assistance worth Rs 202.28 billion in the first ten months of the current fiscal year, which is 35.3 percent more than the pledged amount in the same period last year. Of the pledged amount, 89.1 percent was loans while the remaining 10.9 percent was for grants. […]
Ajay Chhetri / Kathmandu, June 16: The liquidity crunch in the banking system has started to appear as deposit has dipped down. It has risked the credit rate hike when economic activities reopen. The “Banking and Financial Statistics” of the Nepal Rastra Bank of the mid-May revealed that total deposit of the bank and financial […]
Kathmandu / June 15: Deputy Prime Minister and Finance Minister Bishnu Poudel has termed the construction industry as a ‘pillar’ of prosperity and praised the pace of ongoing construction works even in an adverse situation caused by the COVID-19 pandemic. During his meeting with the Federation of Contractors’ Associations of Nepal (FCAN) today, Deputy Prime […]
Kathmandu / June 12: The World Bank (WB) on Friday approved US $ 60 million to improve the quality of Nepal’s higher education, scale up online learning, and expand access to academic institutions for underprivileged and vulnerable students. The fund is expected to help Nepal improve human capital development that is largely affected by the […]
Kathmandu / June 1: Himalayan Reinsurance Company (HRC) has received approval from the Insurance Board (IB) to operate as the second reinsurer in the country. According to the IB, it issued a letter of intent to the HRC on Monday. “Now the company needs to start its operation by mid-November by the latest,” said Raju […]
Kathmandu / May 30: The government has tried to establish its rationale behind the presentation of a full budget as being constitutional and feasible for implementation, despite the budget facing widespread criticism for being a ‘populist and distributive’ one enforced by a caretaker government. Speaking at a press meet organized by the Ministry of Finance […]
Kathmandu / May 29: Finance Minister Bishnu Poudel on Saturday unveiled a budget of Rs 1.647 trillion (Rs 1,647,570,000,000) for the upcoming fiscal year 2021/22. Of the total amount of the budget, Rs 678.610 billion has been earmarked for recurrent expenditure while Rs 347 billion for capital expenditure by the federal government. Similarly, Rs 279.7 […]
Ajay Chhetri, Kathmandu, May 27: The dilemma of star hotels has been rising with the continuous extension of the Prohibitionary Order to curb spread of the novel coronavirus infection. Due to the shutdown, the business of over Rs. 300 million a day has been disrupted. Besides, there is looming uncertainty in income source of over […]
Kathmandu / May 25: Nepal Rastra Bank (NRB) has created a fund of Rs 50 billion to support providing payments to the workers in tourism, cottage, small and medium size industries that are largely affected by COVID-19. Speaking in the 49th meeting of the board of directors of Asian Clearing Union (ACU), NRB Governor Maha […]
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Kathmandu, Nepal
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Editor : Mr. Divesh J.B. Rana
Chairperson : Mr. Kishore Thapa