Economy

China contributes over 80 pct of FDI pledges to Nepal

Kathmandu, June 19 (Xinhua) — China contributed to around 87 percent of foreign direct investment (FDI) commitments received by Nepal during the first 10 months of the current fiscal year that began in mid-July 2017, Nepal’s Department of Industry (DoI) said. According to DoI Statistics, Nepal received FDI pledge of 43.22 billion Nepali rupees (396 […]


NTC expands 3G services at 80 places in Dhaulagiri Zone

BAGLUNG, June 17: Nepal Telecom has expanded its 3G service to 80 places in Dhaulagiri Zone, an increment from 21 earlier. Of them, 40 places are in Baglung. Likewise, there are 16 places having access to the service in Myagdi and 10 each in Parbat and Mustang. 2G service is still running in 114 places […]


Government to probe land brokers’ properties

Kathmandu, June 16/ The government has initiated consultation with experts and stakeholders to prepare land utilization policy. The government officials said the consultations were held to eliminate the trend of plotting huge arable land and selling in high costs. The new policy would not allow leaving the cultivable land unused. Press Coordinator of Minister for […]


Baskuna denizens on mission to transform village into ‘FM Village’

Beni, June13/ People of Baskuna in Beni Municipality-4 of Myagdi district have geared up to develop their village into a ‘Food and Milk (FM) Village’. People of the village, who spent many years in foreign employment, have returned home to pursue agriculture. They are collectively working to convert the village into ‘FM zone’ through the […]


PM Oli urges all to join prosperity mission

Kathmandu, June 15: Prime Minister KP Sharma Oli has urged all to move ahead on the way to prosperity as political stability was institutionalized in the country. “I urge all to move ahead on the way to prosperity as three tiers of elections were completed,” he said. While inaugurating the ‘7th property expo’ here at […]


Govt to launch special campaign to control electricity theft

Kathmandu, June 14/ Government has decided to launch a special campaign to check power pilferage propping up in the country. A meeting between Home Minister Ram Bahadur Thapa and Energy Minister Barsha Man Pun Wednesday led to an agreement to put in place a special campaign for the control of power theft.A decision was made […]


Early monsoon rains bring cheer to Nepal economy, farmers

Kathmandu, June 13/The monsoon has entered Nepal from the eastern parts of the country on Friday, two days ahead of schedule, brightening the prospects for a bumper summer crop output—the key trajectory for the higher economic growth path. This augurs well for the economy, as the KP Sharma Oli led administration has targeted achieving a […]


More tourists bringing in more revenue in CNP

Chitwan, June 13/ With the formation of a stable government and ensuing political stability in the country, the number of tourists visiting Chitwan National Park (CNP) has gone up in recent days. With the rise in number of tourists, revenue collection has also increased, according to Information Officer of CNP, Nurendra Aryal. A total of […]


Contractors apprise Finance Minister about non-payment of dues

Kathmandu, June 12/ Finance Minister Yubaraj Khatiwada has assured of his initiations to clear dues of contractors. During his meeting with a delegation of Federation of Contractors’ Association of Nepal (FCAN) today, the finance minister said he would make initiations to address their issues in cooperation with ministries and departments concerned. The delegation headed by […]


Province 1 sets target to bring in 500,000 foreign tourists

Biratnagar / June 11: Chief Minister of Province 1, Sherdhan Rai, has said that a target has been set to welcome 500,000 foreign tourists in the province within the next five years. At an interaction organised by the Ministry of Culture, Tourism and Civil Aviation here today, on services by airline companies and future plans […]




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