Economy

42-kw Nandiwangkhola project benefits over 200 households

Myagdi / March 10: Over 200 households of six wards of Malkwang VDC of Myagdi now have an access to electricity facility with the completion of a 42-kilowatt Nandiwangkhola Micro Hydroelectricity Project. The project constructed at a cost of over Rs 20 million was inaugurated amidst a programme here Thursday. On the occasion, Project Chief […]


PM stresses on value-based financial institutions’ regime for economic growth

Kathmandu / March 7: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has said the banks and financial institutions should play a pivotal role in raising the living standard of the people through mobilization of the financial resources. Addressing to the annual conference of the Global Alliance for Banking on Values (GABV) here today, PM Prachanda said, […]


Different committees formed to attract foreign investment

Kathmandu / March 6: The Industry Ministry has formed four committees to address the issues raised by investors during the Nepal Investment Summit. The two-day Summit was held in Kathmandu from March 2 to 3. Organising a press conference at the Ministry on Monday, Industry Minister Nabindra Raj Joshi shared that a 21-member ‘High-Level Committee […]


Nepali businesspersons based in India to invest Rs 1 billion in Nepal

Kathmandu / March 5: Nepali businesspersons in India have showed their interest to invest in Nepal in various sectors. As part of their plan, they informed that a well-equipped resort at Bardiya National Park would be built at the cost of Rs 1 billion under the Federation Everest Chamber of Commerce and Industries (FECCI). The […]


Political parties should make self-review of their role: FNCCI President Murarka

Hetauda / March 4: President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Pashupati Murarka, has said that major political parties should carry out self-review of their role and behaviour, and prioritize the economic agenda for creating more employment in the country by stopping the trend of agitation, strike in the industries. […]


Investment Summit concludes with 1400b FDI commitment; Vietnam pledges to cooperate in agro development and tourism

Kathmandu / March 3: The two-day-long ‘Nepal Investment Summit’ organized in the capital city with a purpose to attract foreign direct investment (FDI) ended Friday, receiving 13.52 billion US Dollars investment in Nepal. Organizing a news conference after the conclusion of the Summit, Industry Minister Nabindra Raj Joshi said that the investors who participated in […]


WB approves 100 million US dollars credit to Nepal; AIIB president hints at possibility of investment in infrastructure projects

Kathmandu / March 3: The World Bank has approved a 100 million US dollars credit to help Nepal accelerate its medium term reform programmes for the financial sector and to reduce the vulnerability of the banking sector and increase its transparency. In its medium-term program for the financial sector Nepal has focused on reforms designed […]


Preparations complete for Nepal Investment Summit 2017

Kathmandu / March 1: Preparations for the Nepal Investment Summit 2017 which kicks off tomorrow have been completed, the Ministry of Industry stated today. The two-day summit is being organised by the Ministry of Industry with the objective of inviting foreign investment in nine key sectors that form the backbone of the country’s development. The […]


Hungary to provide Rs 11.20 billion loan to Nepal at minimal interest rate

Kathmandu / March 1: The Government of Republic of Hungary has agreed to provide loan assistance of 100 million Euro, equivalent to Rs 11.20 billion, at minimal interest rate (below one per cent) to Nepal under its Line of Credit for the development of hydropower sector. Hungarian Minister for Foreign Affairs and Trade Péter Szijjártó, […]


Govt officials commit to expedite implementation of ADB-funded projects

Kathmandu / Feb 27: The concerned officials involved in implementing the development projects run in Nepal with support from the Asian Development Bank (ADB) have expressed commitments to avoid negligence in the assigned job. The stakeholders and the responsible officials made such commitment at a trilateral review meeting organized to discuss the challenges and future […]




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