Economy

Social security program will be placed under single umbrella: Finance Minister

Kathmandu / Mar 18: Finance Minister Dr Yuba Raj Khatiwada has said that the social security program would be kept under a single umbrella. Addressing the 29th-anniversary program and foundation-laying ceremony of the new building of the Citizen Investment Trust (CIT) here today, he said the various government bodies and agencies operating the social security […]


Minister Yadav admits poor performance, hints of being replaced

Kathmandu / Mar 15: The Minister for Industry, Commerce and Supplies, Matrika Prasad Yadav hinted that he might be axed from his ministerial portfolio if Prime Minister KP Sharma Oli is to reshuffle his cabinet. While Yadav admitted of poor performance, he said he hadn’t taken wrong decisions either. “I have not misused my power […]


Remittances surge 28.5 per cent in seven months of current FY

Kathmandu / Mar 15: As per the statistics revealed by Nepal Rastra Bank on Friday, the country has witnessed a surge in remittances by 28.9 per cent in seven months of the fiscal 2018/19 when compared to same period last year. The NRB in its macroeconomic and financial situation review informed that the country saw […]


Midterm review shows indicators satisfactory

Kathmandu / Mar 5: The midterm review of the current fiscal year budget has found country’s economic indicators satisfactory with the increase in agricultural products, expansion of industrial capacity, increase in tourist arrival and reform in power supply. The midterm review report presented by Finance Minister Dr Yubaraj Khatiwada on Tuesday mentioned that in the […]


Nepal and Bangladesh sign MoU on Avoidance of Double Taxation

Kathmandu / Mar 5:Nepal and Bangladesh today signed a Memorandum of Understanding (MoU) on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income. Revenue Secretary Lal Shanker Ghimire and Senior Secretary, International Resources Division, Ministry of Finance and Chairman of the National Board of Revenue of Bangladesh, […]


No shortage of cooking gas: NOC

Kathmandu / Mar 4:The Nepal Oil Corporation (NOC) on Monday said that current import of Liquefied Petroleum Gas (LPG) cylinders is sufficient to meet the demand and urged consumers not to run after rumours of cooking gas shortage. In this backdrop, the NOC has asked consumers, not to panic-buy cooking gas. The statement from the […]


Indian government approves proposal to build transmission line in Nepal

Kathmandu / Mar 01: The Indian government has approved an investment proposal to build the transmission line in eastern Nepal to export the electricity generated by Arun-3 Hydropower Project being developed by an Indian state-owned company. In a statement released on Thursday night, the Indian Cabinet said it has approved an investment proposal worth IRs […]


FNCCI Employers Council chair Dhakal calls on SAARC employers to invest in Nepal

Kathmandu / Feb 11: Federation of Nepalese Chambers of Commerce and Industry (FNCCI)’s Employers Council chairman Chandra Prasad Dhakal has called on employers and investors of the SAARC region to invest in Nepal. In his address to the eighth meeting of the South Asian Forum of Employers kicked off from today in New Delhi, he […]


ECTS of goods in Vishakhanpatnam Port successful

Kathmandu / Feb 10: The test of Electronic Cargo Tracking System (ECTS) of goods transhipped from Vishakhapatnam Port in India to Birgunj in Nepal has been a success. The Port will officially begin ferrying Nepali-bound goods from February 15 this year. The Customs authorities had launched the GPS-based tracking tool last summer which will cut […]


40pc work completed in Upper Bhotekoshi hydel project

Sindhualchowk / Feb 08:The Upper Bhotekoshi Hydropower Project that suffered badly from the natural disasters and faced five years of closure is now gaining momentum in its reconstruction bids. Authorities said that around 40 per cent of the reconstruction works of the project has been completed so far. The 45 megawatts capacity project located at […]




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