Economy

IMF projects Nepal’s Economic growth to be around 6% in this Fiscal Year

Kathmandu / Jan. 17: The International Monetary Fund (IMF) has projected that Nepal’s economy would grow by around 6 per cent in the current fiscal year 2019/20. The estimate is down by 2.5 per cent from the 8.5 per cent projection made by the government. “Economic growth is expected to remain healthy but moderate to […]


Expect a ‘Game Changer’ in Economic and Social Sector: Finance Minister Dr Khatiwada

Kathmandu / Jan. 11: Finance Minister Dr. Yuba Raj Khatiwada has said the overall economic indicators of the country were healthy and the economy was moving ahead on the right trajectory. Stating that implementation of federalism was on a successful course, he asserted that the confusions seen regarding the fiscal federalism have been ‘cleared’ within […]


New water policy in offing for sustainable management of water resources

Kathmandu / Jan 6: Nepal annually makes use of 10 percent of its available water. In this context, the government set a goal for its further utilisation. Around 200 billion cubic meters of water is supplied from natural resources and 10 billion cubic meters recharged water is available from underground resources. The Ministry of Energy, […]


‘Third Nepal Gem and Jewelry Expo-2020’ to be held in January second week

Kathmandu / Dec 31: Nepal Gem and Jewelry Association is all set to organize a two-day ‘Nepal Gem and Jewelry Expo-2020’ in the second week of January in Kathmandu. The ‘Third Nepal Gem and Jewelry Expo’ will be held on January 10 and 11 at Hotel Soltee Crown Plaza, according to the organizer. At a […]


Mankamana Orange Farmers Making Handsome Returns

Gorkha / Dec 29: A farmer of Manakamana earned Rs. 1.15 million from the sale of oranges this year alone. Insan Thapa Magar has been doing commercial farming of oranges at around 45 ropanis of land. There are around 1,000 orange trees at his garden. He had planted 1,200 orange trees in the initial phase. […]


Obstruction on Arun III project works fizzles out after Investment Board assures proper land compensation

Khandbari / Dec 29: After the assurance of land compensation by the Investment Board, the dispute relating to land for the under-construction Arun III project has fizzled out. The construction of road and tunnel obstructed by the locals here resumed with the assurance. Local administration, political parties, rural municipalities and landowners agreed to solve the […]


Upper Bhotekoshi starts Commercial Production

Chautara / Dec 22 : The 45-megawatt Bhotekoshi Hydropower Project based in Sindhupalchowk has started commercial production. The project started commercial power generation following the two-week long test transmission, said project chief executive officer Bikram Sthapit. Power generated from the project has been connected to the national grid through the Lamosanghu-based substation. Reconstruction of the […]


Nepal’s Export Trade Satisfactory: NRB

Kathmandu / Dec 21: Nepal Rastra Bank (NRB) has stated that Nepal’s export trade has remained satisfactory in the four months of the current fiscal year 2076/77 BS (2019/20). In four months of 2019/20, merchandise exports increased 23.9 percent to Rs.36.28 billion compared to an increase of 11 percent a year ago. Destination-wise, exports to […]


FM Khatiwada calls for good coordination among govt agencies to execute development projects

Kathmandu / Dec 19: Finance Minister Yubaraj Khatiwada has said that the development works have been disrupted in various parts of the country due to lack of good coordination among the federal, provincial and local government agencies. Speaking at the Parliamentary Finance Committee on Thursday, the minister said that the cost of the development projects […]


Pokhara Street Festival from December 28

Pokhara / Dec 4: Restaurant and Bar Association (REBAN) Pokhara is organizing the 21st edition of Pokhara Street Festival from December 28 through January 1. The festival is organized every year on the occasion of the Gregorian New Year. The theme of the festival is ‘Let Us Eat and Enjoy in the Street’. REBAN vice-president […]




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