Economy

Kathmandu – Kuala Lumpur direct flight takes off

Kathmandu / Feb 10: Private airline company, the Himalaya Airlines, today launched direct flights between Kathmandu and Kuala Lumpur. Minister for Culture, Tourism and Civil Aviation (MOCTA), Jeevan Bahadur Shahi, inaugurated the airline’s maiden flight to the Malaysian capital amidst a special ceremony held at the Tribhuvan International Airport (TIA) this morning. Himalaya Airlines, a […]


Trade deficit increases by 71 per cent

Kathmandu, Feb. 9: The trade deficit has gone up by 71.3 per cent in the first six month of the current fiscal year, thanks to heavy increase in goods import despite normal rise in the exports in the country. According to a statistics released by the Trade and Exports Promotion Centre in the capital today, […]


NAC to add Wide Body Airbus every year

Kathmandu / Feb 6: The Nepal Airlines Corporation (NAC) has unveiled its ambitious plan to add at least an airbus every year. At a press conference organized here on Monday to address queries raised in connection with the procurement of Airbus Wide Body A 330-200, General Manager Sugat Ratna Kansakar said that the NAC has […]


No liquidity crunch in market: NRB

Kathmandu / Feb 1: Nepal Rastra Bank (NRB) has clarified that there is no liquidity crunch in the finance market. Addressing a programme organised in the Capital today by Nepal Bankers’ Association, Deputy Governor Chinta Mani Siwakoti said there is still Rs 30 billion that could be invested in the market. “It does not mean […]


Govt wants hydel projects to complete before their deadline

Kathmandu / Jan 24: The government has asked the stakeholders to complete all the under-construction hydropower projects before their deadline in order to increase internal production and end load-shedding across Nepal. In its 37-point action plan, the Ministry of Energy has further said it aims at producing an additional 200 MW electricity within this fiscal […]


NAC to bring two aircraft from China by Saturday

Kathmandu / Jan 24: The two aircraft the national flag carrier, Nepal Airlines Corporation, received in loan assistance from China are to be brought here by coming Saturday. The Chinese side has already expressed commitments in writing with the NAC regarding the supply of spare parts and other technical issues, according to NAC General Manager […]


CIT also starts mobile apps service

Kathmandu / Jan 14: Citizen Investment Trust (CIT) has come up with a mobile application service to inform its clients about their savings amount and details. Revenue Secretary at Ministry of Finance, Rajan Khanal, inaugurated the service that began today from Pokhara, according to CIT. Through the mobile app, the clients can access information on […]


729,550 tourists visit Nepal in 2016

Kiran Bhattarai / Kathmandu, Jan 11: A total of 729,550 foreign tourists visited Nepal in 2016. The number of foreign tourists visiting Nepal in 2016 increased by 24 per cent as compared to 2015, according to the Department of Immigration. Out of 729,550 tourists, 23,452 Chinese tourists who visited Nepal through Rasuwa check point and […]


14th periodic plan approved; plan estimates 7 % economic growth

Kathmandu / Jan 8: A full meeting of the National Planning Commission (NPC) on Sunday approved the 14th periodic plan. The meeting presided over by NPC Chairman and Prime Minister Pushpa Kamal Dahal approved the three-year plan for fiscal year 2016/17- 2018/19. The periodic plan has estimated seven per cent economic growth. On the occasion, […]


Savings of 20 billion rupees if load shedding ended

Kathmandu / Jan 3: The Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has presented a data that once the country eliminates load shedding, it would save a whopping Rs 20 billion annually. Chairman of Energy Committee of the FNCCI, Gyanendra Lal Pradhan, said the elimination of power cuts helps the country earn Rs […]




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Trade deficit of Rs 811 billion in first seven months

WHO congratulates Nepal for legislation to restrict trans-fatty acids in food




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