Economy

Eight arrested for power theft in Morang district

Biratnagar / Feb 15: A joint team from Nepal Electricity Authority (NEA), Biratnagar and District Police Office (DPO), Morang arrested eight persons on charge of theft of electricity on Wednesday night. They were taken under custody from Katahari Rural Municipality-6 in Morang district. The arrestees have been identified as local residents — Jiten Sardar, Ananda […]


Breakthrough in Melamchi project likely within 20 days

Kathmandu / Feb 13: A breakthrough in the Melamchi water project’s tunnel construction has been expected within the next 20 days if things go according to plan. The tunnel construction is the important part of the long-awaited project. Out of the total 27.5 kilometer tunnel under the project, now only 240 meters remains to be […]


PM Deuba inaugurates Chameliya hydel project in Prov 7

Dhangadhi / Feb 10: Prime Minister Sher Bahadur Deuba has inaugurated the national pride project, Chameliya Hydropower in Darchula, Province 7 amid a ceremony held on Saturday. speaking on the occasion, the prime minister said that province 7 can emerge as a rich region if the water resources are optimally utilised. “I am very happy […]


Deadline for taking 2nd tranche of house grants extended till April 13

Kathmandu / Feb 09: The National Reconstruction Authority (NRA) has extended the deadline for the beneficiaries for taking the second instalment of the house construction grants until April 13, 2018. This applies only to those beneficiaries enlisted in the ‘beneficiary list’ and who have signed the contract for the grant. The 11th meeting of the […]


Permission to issue Rs 27.6 billion worth of public offering

Kathmandu / Feb 6: The Securities Board of Nepal (SEBON) has given permission to issue an initial public offering worth Rs 27.76 billion in the past six months of the current fiscal, said data published by the Board. According to data made public amid a programme today, there is an increase in both acquiring permission […]


Steady power supply increases productions

Kathmandu / Feb 05: A significant cut in power outage in the country had led to the increase in industrial capacity by 9.1 percent. According to the Economic Activities Study Report- 2073/74 BS unveiled by the Nepal Rastra Bank (NRB) recently, capacity of industries in the fiscal year 2073-74 BS went up by 9.1 percent […]


Country has entered into new era of economic prosperity: VP Pun

Chitwan / Jan 11: Vice-President Nanda Bahadur Pun has said that the country has entered into a new era of economic prosperity. Inaugurating the Ratnanagar Festival at the proposed regional stadium at Ratnanagar today, Vice-President Pun said that this period is the era of economic prosperity as political stability has been established in the country […]


NAC to add new destinations to its domestic flight

Kathmandu / Jan 6: Nepal Airlines Corporation would soon be adding new destinations to its domestic flight services while expanding the domestic air routes. The flag carrier airline has geared up for the management of required aircraft and human resources including pilots for the same. “At present, two Y-12 aircraft are in use for the […]


Foreign investment reaches 151 billion : Rastra Bank

Kathmandu / Jan 3: Foreign Direct Investment (FDI) of Rs 151 billion has entered the country so far, according to a study conducted by the Nepal Rastra Bank. This amount has been invested in 252 companies. Among these industries 37 are production based industries while only 11 have been producing goods for export. Executive Director […]


CNI urges PM to resolve liquidity problem

Kathmandu / Jan 2 : The Confederation of Nepalese Industries (CNI) has urged the Prime Minister to take initiatives for promptly addressing the problem the industries and business sectors are facing due to the prevailing liquidity in the country’s economy. A delegation led by CNI president Hari Bhakta Sharma today called on Prime Minister Sher […]




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