Economy

Budget not discriminatory: Finance Minister Khatiwada

Kathmandu / July 5: Finance Minister Dr Yubaraj Khatiwada on Friday clarified that the recently unveiled budget for the fiscal year 2019/20 has not discriminated against anyone. “The budget is socialism-oriented. It has not discriminated against any particular area, sector and state,” he said responding to queries raised during a discussion on the Appropriation Bill […]


Tuladhar elected chair of Nepal-China Industry and commerce association

Kathmandu / July 1: Tribhuvandhar Tuladhar has been elected as the chair of Nepal-China Industry and Commerce Association. The 20th AGM of the Association held here today elected a new working committee under the chairmanship of Tuladhar. Similarly, Rajbabu Shrestha (Senior Vice-chair), Rastrabhushan Babukaji (vice chair) Bibek Poudel (general secretary) and Jagat Bahadur Shrestha (treasurer) […]


PM Oli warns of seeking strategic partner to run NAC

Kathmandu / July 1: Prime Minister KP Sharma Oli has said that the government will not provide the state-run Nepal Airlines Corporation(NAC) with money even in an insignificant amount under the existing circumstance. Oli clarified that the government has no trust in the management team of the NAC, which has incurred loss amounting to Rs […]


Dhauliganga Hydroelectric Dam to be cleaned, people concerned urged to stay safe

Baitadi / June 26: The dam of Dhauliganga Hydroelectric Project based in Dhauliganga River in Pithoragarh of Uttarakhand, India is to be opened Friday. According to a letter received from the NHPC Limited, Dhauliganga Power Station, Darchula in Pithoragarh, the works of shift flushing (cleaning) have been scheduled from 12:00 midnight of June 28 to […]


Nepal, Bangladesh agree to make joint investment in Nepal’s hydropower

Kathmandu / June 22: Nepal and Bangladesh were agreed to jointly invest in the feasible hydropower project in Nepal. A meeting of the Energy secretaries from the two countries on Friday decided to make a joint investment in the projects as stated in the whitepaper issued after the last meeting. The Energy Ministry had included […]


PM Employment Programme: 2,753 youths get job in Jhapa

Jhapa / June 21: The number of youths mobilized from 14 local levels for various activities under the Prime Minister Employment Programme has reached 2,753 in the district this year. The unemployed youths are mobilized for painting schools and maintaining cleanliness at religious and touristy areas. Among fifteen local levels, the youths are selected for […]


Remittance up by 20 %

Kathmandu / June 19: Despite the declining number of people leaving for foreign jobs, the remittance into the country has increased by 20 percent, according to Nepal Rastra Bank report. Making public the economic and commercial status of the country in the past ten months of the current fiscal year, the NRB shared that remittance […]


Inflation below five per cent: Finance Minister

Kathmandu / June 10: Finance Minister Dr Yubaraj Khatiwada has said that the inflation would be below five per cent in the coming fiscal year. Responding to queries raised by MPs at the National Assembly today, he said the economic growth rate would be above seven percent in the current fiscal year, with all the […]


Nepal’s economic growth rate to reach 7.1 per cent : World Bank

Kathmandu / June 6: The World Bank has assumed 7.1 percent as Nepal’s economic growth rate for the current fiscal year 2076/77. The World Bank issued the report on Thursday. The report stated that the growth in Nepal’s economy is speeding up contributing to the assumption. According to Hans Timmer, South Asian Senior Economist, if […]


Renowned industrialist Prabhakar Sumsher Rana passes away

Kathmandu / May 31: Renowned industrialist Prabhakar Sumsher Rana passed away in the United States on Thursday. He was 84. Rana, who is considered as the pioneer of the Nepali hotel industry, died in course of treatment at Rehabilitation Centre in New York, according to family sources. He admitted to the hospital one year ago. […]




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