Economy

Land-locked Nepal trades with China through sea more than land

Kathmandu, June 27 (Xinhua) — Despite being geographically connected, most of the trade between land-locked Nepal and China takes place through the sea, statistics of Nepal’s central bank revealed here recently. Around 87 percent of Nepal’s trade with China took place through the sea as of first 10 months of the current fiscal year that […]


AIIB issues $1m grant to upgrade power grid

Kathmandu, June 26/ Nepal has received a $1 million grant from the Asian Infrastructure Investment Bank (AIIB) to upgrade its electricity transmission and distribution system under the Power Distribution System Upgrade and Expansion Project which will be implemented by the Nepal Electricity Authority (NEA). The Finance Ministry signed a memorandum of understanding with the China-based […]


Govt accepting Rs 25 billion off-budget foreign aid annually

Kathmandu, June 26: The government is accepting an annual of Rs 24.63 billion ($225.87 million) annually in technical and other assistance from various bilateral and multilateral agencies that is not reflected in the annual budget. According to a data of the Ministry of Finance, 18 government ministries and commissions are running 135 multi-year technical assistance […]


CAN to provide scholarship for IT study

Biratnagar, June 24/The Computer Association of Nepal (CAN) is to provide scholarship amounting Rs 18.3 million in total for the deserving students opting to study information technology. It was shared at a press meet jointly organized by the CAN and Lord Buddha Education Foundation in Biratnagar on Saturday evening. The scholarship scheme named ‘CAN National […]


Nepal’s aviation sector removed from ICAO’s SSC list: Minister Adhikari

Kathmandu / June 22: Minister for Culture, Tourism and Civil aviation, Rabindra Prasad Adhikari, has said that International Civil Aviation Organisation (ICAO) has removed Nepal’s aviation sector from Significant Safety Concern (SSC) list. Responding to queries raised over contemporary issues of civil aviation in today’s meeting of the House of Representatives, Minister Adhikari informed the […]


Nepal exports pashmina products to 47 countries

Kathmandu / June 22: Nepal exports pashmina to 47 countries of the world, the Pashmina Industry Association has stated. The Association stated that Nepal could reap economic benefits from the pashmina industry provided that the government gave priority to the development of this industry. The pashmina manufacturers have been importing the pashmina yarn, chemicals and […]


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 […]




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