Economy

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 […]


Five banks merged

Kathmandu / Jan 1: Five banks—Nepal Credit and Commerce Bank, Infrastructure Development Bank, Apex Development Bank, Supreme Development Bank and International Development Bank– have been merged today. Banking transaction has been initiated in the name of Nepal Credit & Commerce Bank from after the merger today. With this, paid up capital of the bank has […]


Business website to globalize country’s products

Kathmandu / Dec 30: A business website named hatbazaar.com has come into operation Friday. The website will help connect consumers with the market, said Chairman of the website Rabin Adhikari. He said it also aims to internationalise business and country’s production by resolving loss and trade-related problems that often occur due to a lack of […]


Minister Shahi assures NAC’s prompt services

Kathmandu / Dec 25: Minister for Culture Tourism and Civil Aviation Jeevan Bahadur Shahi has assured to make the Nepal Airlines Corporation services effective and prompt. Speaking at a meeting of the International Relations and Labour Committee under the Legislature-Parliament here today, Minister Shahi shared that around five million people who are currently in foreign […]


NT chooses Analysis Mason as strategic partnership consultant

Kathmandu / Dec 22: Nepal Telecom (NT) has signed a Strategic Partnership Consulting Agreement in its bid to ensure quality services to its customers. The UK-based Analysis Mason Limited has been chosen as the NT’s consulting partner, which will give advice to the company in the appointment of strategic partners and its implementation. The selection […]




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