Economy

Discussion to increase EPS quota held

Kathmandu / July 23: Nepal and the Republic of Korea held a discussion on matters pertaining to the welfare of Nepali workers and increasing quota under the Employment Permit System (EPS). The discussion was held during the fourth meeting of Bilateral Consultation Mechanism between Nepal and the Republic of Korea at the Ministry of Foreign […]


Nepal allows foreign companies to borrow short-term advances from abroad for infrastructure projects

Kathmandu, July 21 (Xinhua) — Nepal’s central bank has allowed foreign companies involved in Nepal’s infrastructure development to receive Short-Term Advances from foreign countries through their parent companies abroad. The Nepal Rasra Bank (NRB), the central bank of the Himalayan country, said the facility was extended to help them sustain their administrative expenses during the […]


Committee formed for policy level adjustment of 13% TSC

Kathmandu, July 21: The Ministry of Communications and Information Technology is working out to make a policy level adjustment of the telecommunication service charge (TSC). The TSC will be adjusted considering the fact that the price of internet bandwidth was falling in the international market. A meeting held in the presence of Communications Minister Gokul […]


Over 500 thousands foreign tourists visit Nepal in six months

Kathmandu / July 20: In the first six months of the year 2018, Nepal welcomed over 520,000 tourists from various parts of the globe. The statistics of the Department of Immigration shows that the inflow was over by 13 percent compared to the corresponding period last year. In the same period in 2017, a total […]


FDI in 170-megawatt solar plant approved

Kathmandu, July 20: Investment Board Nepal (IBN) has approved a foreign direct investment proposal of Dolma Fund Management, a Mauritius-based company, to set up a 170 MW solar plant in Nepal. The decision means the company can now begin works on investment plan and also conduct detailed study for the project estimated to cost US$ […]


Policy promoting entrepreneurship stressed

Kathmandu, July 15: Speakers attending an interaction program here today pointed out the need to formulate policy to promote entrepreneurship and achieve economic prosperity. At the program organized by the Sushil Koirala Memorial Foundation on the theme ‘Entrepreneurship in Nepal: Social and Government Responsibility’, they spoke of the need to consider amendment in the policies […]


Govt preparing to lift ban on land plotting

Butwal, July 14: Minister for Agriculture, Land and Cooperatives Chakrapani Khanal has said that the government is making preparations to lift ban on the plotting of land in the country. Speaking at a land ownership certificate distribution program organized by Bhirahawa-based survey office and Tilottama Municipality today, Minister Khanal said that preparations are underway to […]


Power generations from Trishuli, Devighat stations halts

TRISHULI, July 13: A technical team comprising over 15 people from the Nepal Electricity Authority (NEA) has been working to repair damages caused by a fire to two hydropower stations based in Nuwakot district. The Trishuli Hydropower Station and Devighat Hydropower Station suffered infrastructure damages by a fire last Tuesday. The team needs one week […]


Nepal, China hold discussions to finalise PTTA

Kathmandu, July 12: The second consultative meeting between Nepal and the People’s Republic of China was held to finalise the Protocol on the Transit Transport Agreement in Beijing, China. The two-day meeting that concluded on July 11 also agreed to hold the third consultative meeting between Nepal and China in Kathmandu, Nepal soon, according to […]


Rs 10 million allocated to host Karnali investment conference

Surkhet, July 6: The Karnali Province has allocated budget of around 30 million to the Economic Affairs and Planning Ministry to implement various programs. Of the budget, Rs 10 million is meant for hosting the provincial-level investment conference with development partners, this is mentioned in the Red Book issued by the province government. Earlier, the […]




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