Kathmandu / Oct 9: The Nepal Reconstruction Authority (NRA) is preparing to take post-quake reconstruction into socio-economic restoration phase. NRA Chief Executive Officer Sushil Gyawali shared the information at a discussion recently held with the World Bank towards this end. At an interaction program organized here today by the Freedom Forum, CEO Gyawali stated that […]
Kathmandu / Oct 4: The Asian Development Bank (ADB) has decided to provide a loan of 180 million US dollars to support improvements to Nepal’s East–West Highway, the country’s main domestic and international trade route also known as the Mahendra Highway. A meeting of the Board of Directors of the Asian Development Bank held in […]
Kathmandu / Oct 3: The ninth edition of ‘Made in Pakistan’ expo has kicked off in the capital from Wednesday. The weeklong expo was inaugurated by Himalaya Shamsher Rana, President of Nepal-Pakistan Friendship Association. The single country Made in Pakistan Expo is organized by the Rawalpindi Chamber of Commerce and Industry in collaboration with a […]
Kathmandu / Sept 27: The Board of Directors of the Asian Development Bank (ADB) has approved a loan of $130 million to improve access to community-managed water supply and sanitation in 20 urban municipalities of Nepal. “Unmanaged rapid urban growth and lack of improved water supply and sanitation have led to environmental degradation, public health […]
Kathmandu / Sept 26: Nepal’s economy is anticipated to grow by 5.5% (at basic prices) in fiscal year (FY) 2019, down from 5.9% a year earlier says the latest Asian Development Bank (ADB) Nepal Macroeconomic Update. “The growth forecast represents a continued trend reversal but is substantially higher than the average rate of 4.3% in […]
Kathmandu / Sept 22: Former Member of Parliament of India and cine artist Jaya Prada has been appointed the goodwill ambassador for the promotion of Nepal’s tourism. A ministerial-level meeting of the Ministry of Culture, Tourism and Civil Aviation on Friday appointed the 60–year-old Indian actress as the tourism goodwill ambassador for four years, Ministry […]
Kathmandu / Sept 21: Reconstruction of a Nepal Rastra Bank’s building damaged in the earthquake of April 2015 has started as its foundation stone has been laid today. The building would be reconstructed in its original design, and covers over 42 ropanis of land in the Thapathali premises of the Bank, said a Bank official. […]
Kathmandu / Sept 20: The World Bank has approved $100 million under the Nepal Energy Sector Development Policy Credit programme, which aims to implement key policies and regulatory and institutional measures. This is the first loan that the multilateral lending organisation has approved in the country’s energy sector. The fund will be utilised to improve […]
Kathmandu / Sept 19: A South Korean Consultancy Company has been selected to prepare the Detailed Project Report (DPR) of the Kathmandu-Terai Madhesh Fast-Track project, a mega project of national pride and strategic importance. The Nepal Army (NA) had earlier assigned an Indian company named IL and FS but it did not agree with the […]
Kathmandu / Sept 18: Finance Minister Yuba Raj Khatiwada has ruled out the full-fledged budget until the half-yearly review is done on the current fiscal budget. Finance Minister Khatiwada said so in a response to Nepal Communist Party Chairman Pushpa Kamal Dahal’s statement regarding the inclusion of social security allowances at a press conference organized […]
