Economy

Construction process of big hydel power projects speeding up – IBN

Kathmandu, Jan 8: The process to construct big hydropower projects like the West Seti, Arun III, Upper Tamakoshi and Upper Karnali, what could be milestone projects in coping with country’s energy crisis is speeding up so as to complete them in time, said Investment Board Nepal (IBN). At a press conference in the Capital today, […]


Nepal Chamber Expo-2072 kicks off at Bhrikutimandap

Kathmandu / January 7: The Nepal Chamber Expo-2072 has kicked off at Bhrikutimandap in the capital from today. The expo is organised by Nepal Chamber of Commerce with the cooperation of the Republic of Korea. The five-day exhibition is organised to mark nearly 42 years of the establishment of diplomatic ties between Nepal and the […]


Country’s foreign trade decreases by 35 per cent in past five months

Kathmandu / January 7: The country’s foreign trade has been adversely affected in the past five months, witnessing a sharp fall in the export and import due to obstructions in the major customs points. According to Trade and Import Promotion Center, country’s foreign trade transactions in the first five months dropped by 35.5 per cent […]


Chamber honours former Finance Minister Mahat

Kathmandu / January 6: Former Finance Minister Dr Ram Sharan Mahat has been honoured here Wednesday by the Nepal Chamber of Commerce. The Chamber honoured the former Finance Minister for being declared the ‘Best Finance Minister of the year 2016″ by The Banker Magazine, co publication of London-based reputed The Financial Time. The Magazine decided […]


One industrial estate in each federal state: Minister Pandey

Butwal / January 2: Minister for Industry Som Prasad Pandey said the government was preparing to establish one big industrial estate in each of the seven provincial states. In an interaction organized by Butwal Chamber of Commerce and Industry here, Minister Pandey said the government was in course of identifying and searching for at least […]


Additional 90 MW electricity to be brought from India

Kathmandu / January 1: The Nepal Electricity Authority (NEA), the state-owned power utility, is gearing up to import additional 90 megawatt (MW) of electricity from India by January end in view of easing off the power outage in the country. The installation of Dhalkebar-Mujjafarpur inter-country transmission line is due in a month and technical test […]


FNCCI expresses concern over burgeoning black marketeering

Kathmandu / December 18: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has voiced its concern over the burgeoning black marketeering of essential goods in the country, including fuel, following the India-imposed economic embargo. The umbrella organization of the Nepalese private sector, at a press conference here today, urged the concerned authority to […]


‘Generation of 2,429 MW electricity feasible within fiscal year 2074/75 BS’

Kathmandu / December 17: The Agriculture and Water Resources Committee of the Legislature-Parliament today heard that 2,429 MW electricity could be produced within the fiscal year 2074/075 BS if the government ensured necessary coordination and provided the required quantity of fuel to the projects. A statistics presented by the Energy Ministry at the committee’s meeting […]


Challenges to diversifying fuel imports into Nepal (Commentary)

Pritam Bhattarai / Kathmandu: It’s been almost two months that a memorandum of understanding (MoU) was signed between the Nepal Oil Corporation (NOC) and China National United Oil Corporation (PetroChina) to supply petroleum products to Nepal. This was a late but inevitable step taken by the country to diversify fuel trade and end the four-decade […]


NA to invest in hydel project for the first time

Kathmandu / December 15: The Nepalese Army (NA) is going to invest in hydropower production for the first time. The NA was ready to invest in 12.25 MW Madikhola Hydropower Project in Rolpa. The budget programme of the current fiscal year and the white paper recently issued by Finance Minister, Bishnu Prasad Poudel, have incorporated […]




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