Economy

DHN receives license to develop 70MW Dudhkoshi-2

Solukhumbu / Sept 29: Dudhkoshi Hydropower Nepal (DHN) has received the license for developing the 70MW Dudhkoshi-2 hydel project. DHN’s Public Relations Officer Janakraj Khanal said that the license was received on Monday for power development in the Dudhkoshi River at Thulung Dudhkoshi Rural Municipality in Solukhumbu district. Khanal said that a dam for this […]


Inflation down to 3.49 percent in Mid-August

Kathmandu / Sept. 26: The consumer price inflation stood at 3.49 per cent in mid-August 2020 compared to 6.95 per cent a year ago. Food and beverage inflation stood at 5.38 per cent whereas non-food and service inflation stood at 2.04 per cent in the review month, according to the macroeconomic and financial report published […]


IFC study calls for improving women’s contribution, participation in hydropower sector

Kathmandu / Sept 22: Companies and women in Nepal would stand to benefit if greater action were taken to improve women’s participation in and contribution to the hydropower sector, a study carried out by the International Finance Corporation, a member of the World Bank Group, said on Tuesday. The study of 20 companies is part […]


Nepal’s domestic airlines to resume flights from today

Kathmandu / Sept 21: Domestic airlines in Nepal are all set to resume their flight services starting Monday. The internal air services have remained suspended since March after the government announced a nationwide lockdown to contain the spread of COVID-19. Airline operators had been pressing the government to let them resume their services as the […]


WB approves $200 million in loan to Nepal

Kathmandu / Sept. 18: The World Bank (WB) on Thursday approved a $200 million ‘Finance for Growth’ development policy credit for Nepal to strengthen Nepal’s financial sector stability, diversify financial solutions, and increase access to financial services in support of Nepal’s COVID-19 resilience and recovery efforts. “In this era of COVID-19, protecting people’s lives is […]


Dr. Khatiwada appointed PM’s special economic advisor; Nepal to open for trekking, mountaineering from Oct 17

Kathmandu / Sept. 15: The Cabinet meeting held Monday decided to appoint Minister for Foreign Affairs Pradeep Kumar Gyawali as the spokesperson of the government while Dr. Yubaraj Khatiwada erstwhile Finance Minister, has been appointed as the special economic advisor to the Prime Minister, said newly appointed government spokesperson Gyawali at a press briefing today. […]


Tourism minister directs NAC to expedite process to purchase aircraft

Kathmandu / Sept 9: Minister for Culture, Tourism and Civil Aviation Yogesh Bhattarai has directed Nepal Airlines Corporation (NAC) to immediately expedite the purchase plan of aircraft for domestic flights to provide services to the people living in mountain and remote areas. Minister Bhattarai made the directives to the state-owned airlines at a joint meeting […]


Finance Minister Khatiwada resigns

Kathmandu / Sept 4: Finance Minister Yubaraj Khatiwada has tendered resignation from his ministerial position. Officials at the Ministry of Finance said Finance Minister Khatiwada, who also held the ministerial portfolio of the Ministry of Communications and Information Technology, tendered his resignation to Prime Minister KP Sharma Oli on Friday evening. Khatiwada had taken part […]


China proceeds ahead with study of Kathmandu-Kerung railway

Kathmandu / Aug 31 : The Government of China has proceeded ahead the study of Kathmandu-Kerung railway in its territory. The project however has been affected by global COVID-19. The study will be carried out on the area from Shigatse to the border with Nepal. China conducting the study has been a positive move at […]


Tourism projects hit hard by Pandemic: Bhattarai

Modnath Dhakal, Kathmandu / Aug. 26: The coronavirus pandemic has hit hard the tourism sector and seriously affected projects under the Ministry of Culture, Tourism and Civil Aviation (MoCTCA). Construction of three international airports in Bhairahawa, Pokhara and Nijgadh were affected and none of them could meet the target set for the Fiscal Year 2019/20. […]




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