Economy

27 complaints of foreign employment

Pokhara / July 29: Some 27 complaints on foreign employment frauds have been registered during two months at the branch office of People Forum for Human Rights. The Forum has set up a branch office in Pokhara on May 15 to provide free legal aid to the victims of foreign employment frauds Forum Legal Officer […]


DDC found cheating consumers

Kathmandu / July 25: Nepal Bureau of Standards and Metrology has found the state-run Dairy Development Committee (DDC) cheating consumers in the quantity of its milk produce. The Kathmandu-based regional office of the Bureau during its monitoring found DDC selling 110 ml less in a packet of half litre milk. The sub-standard was found in […]


NCC presses for private sector’s share of fuel trade

Kathmandu / July 25: The Nepal Chamber of Commerce (NCC) has expressed its disappointment over the government’s decision to scrap the Petroleum and Gas Transaction (Regulatory) Orders-2069 depriving the private sector of a share in importing and supplying fuel products. NCC issued a statement claiming the cabinet decision to terminate the regulation and thereby deprive […]


Three budget-related bills rejected by parliament

Kathmandu / July 22: Three bills related to the budget presented by the government before the Legislature-Parliament were rejected by majority on Friday. Finance Bill, Bill to Mobilise Internal Loans and Loan, and Securities Bill (29th Amendment) were disapproved by the majority. The Appropriation Bill- 2073 BS was already passed by the Parliament. But other […]


Revenue exceeds target in adverse situation: Finance Minister

Kathmandu / July 19: Finance Minister Bishnu Prasad Poudel has taken it as an achievement that the government met the target on revenue collection despite adverse situation. He shared that the government collected seven billion rupees as revenue in against the target of Rs 475 billion for the fiscal year of 2015/016 although the country’s […]


Govt collects revenue nearly 6 billion more than the target

Kathmandu / July 16: The government has become successful in collecting six billion more revenue than the target notwithstanding the drawn-out undeclared border blockade imposed by India and the devastating earthquake. According to the Ministry of Finance, the government collected around Rs 481 billion in revenue on Friday, the last day of the Fiscal Year […]


Monetary Policy hopes to maintain 7.5 % inflation and 6.5 % economic growth

Kathmandu / July 14: Nepal Rastra Bank (NRB), the central bank of the country, today released the Monetary Policy for the Fiscal Year 2016/17, focusing on harmonizing with the goals and priorities adopted by the budget as well as the national and international economic outlook. The Monetary Policy focuses on ramping up capital flow towards […]


ADB concerned over slow pace of development projects

Kathmandu / July 14: The Asian Development Bank (ADB) has expressed grave concern over ‘slow implementation’ of the ADB-funded development projects in Nepal. ADB high officials expressed this worry in the Tripartite Portfolio Review Meeting of the development projects implemented with the loan or grant assistance provided by it here today. Among the key portfolio […]


Preparations for giving final shape to Pancheshwar DPR by October

Ramesh Lamsal (Kathmandu) / July 7: Preparations have been made to give final shape to the Detailed Project Report (DPR) of the Pancheshwar Multipurpose Project until October. It has been agreed in the fourth joint meeting of the Energy Secretaries of Nepal and India that concluded on Wednesday to give final shape to the DPR […]


Ten arrested for obstructing construction of transmission line

Sindhuli / July 2: In what seems as a bold move of the government to take action against people involved in obstructing the development process, Police here on Saturday arrested 10 people for obstructing the construction of Khimti-Dhalkebar 220 KV transmission line along the Sindhuli section in Sindhuli district. They were arrested for the interruption […]




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




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