Economy

Flights to and from Lukla and Faplu Airports obstructed since June 15

Solukhumbu / June 26: Over 200 tourists have been left stranded at Lukla in the district since the past few days as thick fog has affected visibility for aircraft flying to and from the Tenzing Hillary Airport. As a result, the tourists have been compelled to stay at Lukla, with no other feasible options available. […]


NEPSE Week: trade of above seven billion

Kathmandu / June 25: Nepal Stock Exchange (NEPSE) index increased by 44 points to reach 666.99 this week. More than 11 million units of shares worth Rs. 7.82 billion of 147 listed companies were traded, according to NEPSE. Though the NEPSE index showed an increment, the trade however decreased by 15.76 per cent in compared […]


WB says growth expected to rebound after a difficult year

Kathmandu / June 15 : Following two massive shocks which have resulted in two years of disappointing growth, economic activity in Nepal is expected to rebound modestly, growing by 4.7 percent in FY 2017, a new World Bank report said. This rebound in growth hinges on stabilization of the political process, effective mobilization of earthquake […]


Melamchi water in Kathmandu by Sept 2017

Kathmandu / June 15: The Melamchi Drinking Water Development Committee has said the Kathmandu people would get the Melamchi water by September 2017. Talking to media persons at Sundarijal tunnel construction site, Deputy Executive Director of the Committee Jyoti Kumar Shrestha said, “As 17.14 km out of the total construction of the tunnel has completed, […]


Tour package from Shuklaphanta to Rara

Kanchanpur / June 12: With an aim to boost tourism in the far and mid western regions of Nepal, a new tour package has been introduced bringing into relief a trek route from Shuklaphanta Wildlife Reserve to the Rara lake. As per the tour package, the Mohit Tour and Travels-Mahendranagar will organize a week-long trekking […]


Everest heroes honoured

Kathmandu / June 7: A number of mountaineers who set world records while scaling the Mount Everest, the world’s highest peak, were honoured amidst a programme here Tuesday. Temba Tsheri Sherpa (the youngest person to scale the Mt Everest at the age of 16), Phurba Tenjing Sherpa (most successful ascent to the Everest at the […]


Ruling coalition and opposition tug-of-war over budget continues

Kathmandu / June 3: At today’s Legislature-Parliament session, both the ruling coalition parties and the opposition engaged in another round of tug-of-war over the budget proposal for the forthcoming Fiscal Year 2073-74 BS. In the deliberation over annual estimate of Revenue and Expenditure for the next fiscal year, the ruling parties’ lawmakers termed the budget […]


Implementation of upcoming budget challenging: ANNITA

Kathmandu / Jun 2: The All Nepal National Industry Trade Association (ANNITA) although has praised the annual budget estimates for fiscal year 2016/017 states that the implementation of the same was challenging. Organizing a press conference here Thursday, the Association pressed for the effective implementation of the newly unveiled budget as it incorporates various key […]


Meaningful public participation in budget process: the sooner the better (Commentary)

Krishna Sapkota / Kathmandu: Amidst the Kathmandu-centric protests of Federal Alliance – comprising Madhesi and ethnicity-based parties – demanding rewriting of the constitution and rumours of change in guard lately, the government unveiled the national budget for the fiscal year 2016-17 in the statutory date of 15th Jestha (May 28). This is the first budget […]


Govt presents budget; Rs 140 billion for reconstruction, salary of govt. employees and social security allowance increased

Kathmandu / May 28: The government has presented the total budget of one trillion 48 billion 921 million 324 thousand rupees for the fiscal year 2073-74 BS (2016-2017). In a meeting of the Legislature-Parliament today, Finance Minister Bishnu Prasad Poudel stated that of the allocated budget, Rs 617 billion 164 million 129 thousand (58.9 percent) […]




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