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 […]
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 […]
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 […]
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, […]
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 […]
Kathmandu / Feb 26: The Asian Development Bank (ADB) has said it would increase investment substantially in the development projects Nepal government has kept in priority. Such information was shared during a Tripartite Portfolio Review Meeting (TPRM) on the development projects run by Nepal government, ADB and their coordination for 2017. It was organized in […]
Kathmandu / Feb 24: Nepal’s visiting Industry Minister Nabindra Raj Joshi on Thursday separately called on Toshihiro Nikai, member of the Liberal Democratic Party and Tadahiko ITO, State Minister for Environment in Tokyo, Japan. During the meetings, Minister Joshi discussed about the mobilization of Japanese aid for the development of Nepal, said the Ministry on […]
Kathmandu / Feb 22: Lawmakers have demanded the government expedite the construction of the Kathmandu-Nijgadh Fast Track. Speaking at a meeting of the Public Account Committee, Legislature-Parliament today, lawmakers from various political parties voiced for accelerating the implementation of the project. In response, Minister for Infrastructure and Transport Ramesh Lekhak pledged to speed up the […]
Panchthar / Feb 17: Electricity produced from Hewakhola Hydropower Project ‘A’ in Panchthar has been connected to the national grid from Wednesday. The 10.6-MW electricity has been linked to the national grid. Earlier, 4.3 MW power produced from the Project was already linked to the national grid after the inauguration of sub-station of Thapatar in […]
Kathmandu / Feb 15 : Nepal Telecom (NT) has proposed the reconstruction of quake-damaged Dharahara, the iconic tallest historical monument, in Kathmandu. Joint-Secretary of NT, Roman Adhikari said the state-owned telecommunication service provider is making preparations to take its reconstruction proposal to the Department of Archeology (DoA) according to which NT will invest Rs 4 […]
