Economy

10 out of 350 species of herbal plants in Kavre for export

Banepa / Sept 5: Of the total 350 species of herbal plants that have been found in Chaudapate Forest in Mahabharat Range and community forests in Kavrepalanchowk district, only 10 types of herbal plants have been permitted for the export. Although the forests here houses herbal plants of medicinal values like swertia Chirayita, Calamus, Mug-wort, […]


Supplementary budget likely: Finance Minister Mahara

Kathmandu / Sept 4: Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara has said the government was likely to bring a supplementary budget in order to make the current year’s budget more practical and implementable. Finance Minister Mahara made such disclosure at a press conference organized at the Finance Ministry on Sunday. Discussion was […]


NEA collects Rs 90 million in arrears, cuts power supply line of 4,842 defaulters

Kathmandu / Sept 2: Nepal Electricity Authority (NEA) has raised more than Rs 90 million in arrears since August 19. The Authority has so far disconnected the power supply lines to a total of 4,843 consumers in various parts of the country for not clearing their arrears within a stipulated time, according to the Authority’s […]


NFC buying 3,000 Himalayan goats for Dashain

Kathmandu / Aug 31: Nepal Food Corporation (NFC) has decided to purchase 3,000 goats and Himalayan goats for the supply of meat in Kathmandu Valley for Dashain festival. Information Officer at the NFC, Pawan Kumar Karki, said that the NFC would buy 1,500 goats and 1,500 Himalayan goats. Karki said that 600 goats would be […]


NADA’s 11th Auto Show kicks off

Kathmandu / Aug 30: The 11th edition of National Automobile Dealers Association (NADA) Auto Show-2016 kicked off today at the Brikutimandap in the capital city. The Auto Show was inaugurated by Deputy Prime Minister and Minister for Finance, Krishna Bahadur Mahara. The exhibition showcases a total of 125 stalls of 74 companies. The annual event […]


Government would construct fast-track on its own-PM

Kathmandu / Aug 29: Prime Minister Pushpa Kamal Dahal has said he was not in favour of awarding contract for the construction of Kathmandu-Terai-Madhes fast track to any foreign company. Prime Minister Dahal said, “The erstwhile government’s decision to construct the fast-track road by Nepal on its own was made on my initiative. I was […]


‘Investment on hydropower can be generated from within country’

Kathmandu / Aug 26: Stakeholders concerned have said investment on hydropower could be generated from within the country. During a consultation meeting the Ministry of Energy held on Friday, Energy Minister Janardan Sharma expressed hope that Rs 100 billion could be generated from within the country for the investment on hydropower. The representatives from Citizens […]


Tax revision recommendation committee formed

Morang / Aug 26: In a bid to resolve the problem resulted from house and land tax increment in Biratnagar, a tax revision recommendation committee has been formed on the initiative of Biratnagar Sub-metropolis. Economist Dr Bhesh Prasad Dhamala is chairing the committee. The Biratnagar Sub-metropolis was compelled to form a tax revision committee as a […]


Chinese proposal to invest in Tamakoshi III and Tamor projects

Kathmandu / Aug 25: The China Machinery Engineering Corporation (CMEC), a government-owned company of China has expressed interest in making investment in two important hydropower projects of Nepal. The Company has proposed to the Government of Nepal expressing its readiness to invest in the Tamakoshi III and Tamor hydropower projects. The Tamakoshi hydropower project of […]


SAARC finance ministerial meeting to give priority to investment promotion

Kathmandu, Aug 22: The eighth finance ministerial meeting of the South Asian Association for Regional Cooperation (SAARC) would give priority to the issues of trade and investment promotion in the region. The meeting has been scheduled for coming August 25 and 26 at Islamabad, the capital of Pakistan. Under Secretary at the Finance Ministry, International […]




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