Economy

Reform and expansion of TIA at snail pace

CB Adhikari / Kathmandu, Aug 11: The Air Transportation Enhancement Project for reforming and expanding the only international airport of the country-Tribhuwan International Airport (TIA) has failed to gain anticipated pace although three years and half have elapsed since the Project was initiated. The sluggish pace of the Asian Development Bank funded Project amounting to […]


‘China-Nepal-India Economic Corridor: A prosperity propellant’

Kathmandu / Aug 10: Experts on foreign affairs and development from Nepal and China have said the China-Nepal-India economic corridor could help propel prosperity in the region. They expressed such view during a talk programme organized jointly by Nepal Council of World Affairs (NCWA), and China Study Centre (CSC) in the capital on Wednesday. There […]


Incessant rain causes heavy agro losses

Kathmandu / Aug 03: Floods, landslides and erosion have caused a huge loss in agriculture crops in recent weeks across the country. The Ministry of Agricultural Development (MoAD) has assumed the loss to be worth Rs 28.8 million in five districts. The MoAD, however, is yet to calculate the loss of paddy, which has been […]


NOC slashes prices of petroleum products

Kathmandu / Aug 02: One day before the election of the new Prime Minister, the Nepal Oil Corporation has decided to slash prices of petroleum products. The decision be effective from Tuesday midnight. Revising the fuel prices today, the state-run fuel monopoly decided to sell petrol at Rs 97 per litre, and kerosene and diesel […]


BFIs barred from imposing fine exceeding 2pc of loan installment

Kathmandu / Aug 02: Banks and financial institutions (BFIs), from now onwards, cannot collect annual fine exceeding two per cent of the outstanding loan instalment amount from borrowers. The provision was introduced after BFIs started extracting exorbitant sum in the name of penal interest from borrowers who have failed to pay the credit instalment on […]


Nepal has negative investment environment and unfriendly business climate

Krishna R Pandey: Deal makers, investors and entrepreneurs Shrivastav Brothers are betting that Nepal will likely remain an unattractive country for foreign investments unless the government and private sector both change the way they have been used to do business. Pankaj Shrivatav and Ash Shrivastav have advised and invested in many companies in different geographies […]


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 […]




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