Economy

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 […]


NEA begins performance evaluation agreement with officials

Kathmandu / Dec 24: Nepal Electricity Authority (NEA) has begun performance evaluation agreement with officers to upgrade the quality in service provided by the organization. NEA will start its first phase agreement with the staffs of Direct Customer Service (DCS) department. The first agreement was made between Managing Director Kul Man Ghising and Biratnagar Regional […]


Rasuwa produces cheese worth Rs 59 million

Rasuwa / Dec 15: Cheese (yak) around Rs 59 million was produced in the past seven and half months in Rasuwa, a mountainous district. Such an amount of cheese was produced from four cheese production centres based in different locations. Cheese production centres based in Chandanbari, Gatlang, Langtang and Dhunche witnessed an increase in the […]


WB approves USD 80 million loan

Kathmandu / Dec 8: The World Bank has approved a US$80 million (approximately 8 billion rupees) loan for a Livestock Sector Innovation Project. The project will support the objectives of the Government of Nepal’s Agriculture Development Strategy (ADS, 2015) which underpins the role of livestock for sustained agriculture and economic growth, poverty reduction, and improving […]


Chilime’s power supply restores

Rasuwa / Dec 7: Power generation from the Chilime Hydropower Project which had stopped from Wednesday afternoon has now been restored. The power generation from the 22 MW-capacity hydel project had stopped after the problems in the power transmission line. The power supply has been restored after fixing the problem with the power transmission tower, […]


Stakeholders stress better connectivity to bring more tourists to Lumbini

Kathmandu / Nov. 30: Tourism stakeholders of Lumbini have stressed the need to enhance connectivity and ensure smooth and hassle-free services at Nepal-India border for bringing more foreign tourists to Lumbini – birthplace of the Buddha – via India. Speaking at an interaction organized in Lumbini on Wednesday by Association of Buddhist Tour Operators (ABTO), […]


Govt officials discuss projects under BRI

Kathmandu / Nov 25: The high-ranking government officials have held discussions regarding the projects to receive assistance from China under the Belt and Road Initiative (BRI) agreement. Nepal joined the BRI in May 2017. A meeting of the Project Development and Facilitation Committee formed to implement the agreement on BRI assistance held discussions for the […]




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