Economy

Hotels and restaurants start their service from today

Kathmandu / July 30 : Hotels and restaurants closed for the past four months due to lockdown have resumed their business from today. The government had decided to resume the hotel business from July 30 after the four-month lockdown. Offices related to trekking, travel and mountaineering are coming into operation in view of tourism season. […]


Over 34 thousand Nepalese repatriated home from abroad via chartered flights

Kathmandu / July 23: Over 34 thousand Nepalese have returned home from abroad during the lockdown period till Wednesday. They were brought in the country via different chartered flights since June 5. The first chartered flight was made from Myanmar on June 5 carrying 26 Nepali migrant workers during the lockdown. It is shared that […]


Govt and World Bank sign Rs. 54 billion road support project to boost post-COVID-19 recovery

Kathmandu / July 17: The government and the World Bank signed a $450 million (around Rs. 54 billion) financing agreement that will help Nepal improve efficiency and safety of transport infrastructures, cross-border trade, and strengthen capacity for strategic road network management. In presence of Finance Minister Dr. Yuba Raj Khatiwada, the agreement was signed by […]


Chandra Prasad Dhakal declares his candidacy for FNCCI senior vice president

Kathmandu / July 14: Chandra Prasad Dhakal, vice-president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), on Tuesday announced his candidacy for the position of senior vice-president in the upcoming election of the federation. The umbrella organization of the country’s private sector has scheduled the election of its top position for August […]


NAC repatriates 10,912 Nepalis from abroad

Kathmandu / July 12: Nepal Airlines Corporation (NAC) has repatriated a total of 10,912 Nepalis from different countries as per the established guidelines of evacuation. The airlines in a statement on Sunday said they were brought to Nepal in the charter flights that were operated between the period of June 14 and July 12. The […]


Gautam Buddha airport construction deadline extended till December 2020

Bhairahawa / July 6: The deadline of the under construction Gautam Buddha International Airport (GBIA) project has been extended up to the end of December 2020 citing the effect of COVID-19 pandemic in its construction. Civil Aviation Authority of Nepal (CAAN) has extended the term of construction for the fourth time as the pandemic affected […]


Himalaya Airlines, Huawei Cloud sign MoU for strategic cooperation

Kathmandu / June 30: Himalaya Airlines and Huawei Cloud, a Chinese multinational technology company, signed a memorandum of understanding (MoU) for strategic cooperation on Sunday. Issuing a statement on Tuesday, the airline said that the companies will cooperate in information communication technologies (ICT) represented by Huawei Cloud and artificial intelligence, in order to achieve mutual […]


Nepal to add 1,500 MW power next year

Kathmandu / June 26: Minister for Energy, Water Resources and Irrigation Barsha Man Pun has said that additional 1,500 MW electricity would be produced in the next fiscal year 2020/21. “Although COVID-19 pandemic had affected some ongoing hydroelectricity projects, work at major projects like 456 MW Upper Tamakoshi is moving ahead undeterred. They will complete […]


Annual budget of Rs. 1474 billion announced for FY 2020/21

Kathmandu, May 28: Finance Minister Dr. Yubaraj Khatiwada has presented an annual budget of Rs. 1474 billion 640 million for the upcoming fiscal year FY 2077/78 (2020/21) in the joint session of the federal parliament today. Of the total budget, Rs. 948 billion has been allocated for recurrent expenditure while Rs. 352 billion will be […]


Govt. estimates 2.3 % Growth Rate

Kathmandu / May 26: The Government has said that the economic growth in the current fiscal year will remain at 2. 3 per cent. The economic survey 2076/77 presented by Finance Minister Dr Yubaraj Khatiwada at the Federal Parliament today states that the growth rate is very low compared to what the government determined due […]




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Japan Hands Over the Sanitary Napkin-Making Machine in Parsa

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Veteran singer, musician Bhakta Raj Acharya passes away

Trade deficit of Rs 811 billion in first seven months

WHO congratulates Nepal for legislation to restrict trans-fatty acids in food




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