Economy

Recovery fund of Rs 100 billion on cards- Governor Dr Nepal

Chitwan / April 8: Nepal Rastra Bank (NRB) Governor Chiranjivi Nepal has said the government is coming up with a recovery fund of Rs 100 billion. At the annual general meeting of banana farmers at Ratnanagar of Chitwan on Thursday, he said the fund is to be in place to provide with subsidized loan to […]


Govt urges not to move back from free visa, ticket decision

Kathmandu, April 3: The government has been urged not to reverse its earlier decision of providing free visa and tickets for foreign job aspirants going to six gulf countries and Malaysia under any circumstance. Various organisations Sunday took to the street against what they argued ‘conspiracies’ being hatched to make the decision made in favour […]


Asian Development Outlook launched with projection of economic growth; Nepal to have 3 % growth this year

DBKathmandu / March 30: The Asian Development Bank (ADB) today released the Asian Development Outlook 2016, in which Nepal’s economic growth in the coming Fiscal Year is projected to reach 4.8 per cent. The ADB in the Outlook states that the economic growth slowed down and was limited to three per cent due to the […]


ADB Vice-President Zhang calls on Minister Pokharel; pledges continuous support

Kathmandu / March 27: Vice-President of the Asian Development Bank (ADB), Wencai Zhang, has called on Minister for Culture, Tourism and Civil Aviation, Ananda Prasad Pokharel. During the meeting held at the Ministry today, Minister Pokharel expressed gratitude for the support of ADB in construction of Gautam Buddha International Airport and Lumbini Development Trust. Urging […]


ADB shows interest in providing support in infrastructure projects

Kathmandu / March 25: The Asian Development Bank (ADB) has shown interest in extending support to infrastructure development including in roadway, transport and railway construction. ADB Vice-president Wencai Zhang expressed the ADB’s willingness to provide assistance in this sector in course of his meeting with the Axting Prime Minister and Minister for Physical Infrastructure and […]


Noted entrepreneur Rana passes away

Kathmandu / March 25: Noted entrepreneur and banker Noor Pratap Rana passed away at the age of 82. Rana, who was suffering from cancer, died while undergoing treatment in New Delhi India. Rana is the owner of shoe industry, which has been producing Gold Star and Hattichap slippers. These shoes and slippers are very popular […]


Initiate construction of Nijgadh international airport with Nepali investment

Kathmandu / March 20: The Finance Committee of Legislature-Parliament has directed the government to construct Nijgadh International Airport and Kathmandu-Tarai Madhes fast track with its own investment. A committee meeting today directed the government to initiate the constructions at the earliest with the investment and skills of Nepal. The committee chairman Prakash Jwala said that […]


FNCCI chair calls not close industries in name of movement

Janakpurdham / March 19: President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Pashupati Murarka has called for ending the trend of targeting the industrialists and business community in the name of agitation movement. Addressing the 49th annual general meeting of the Janakpur Chamber of Commerce and Industry here today, he said […]


NRB releases silver coin with statesman’s portrait

Kathmandu / March 18: Nepal Rastra Bank (NRB) today launched a commemorative coin depicting a portrait of statesman Ganeshman Singh, the first of its kind. Coinciding with freedom fighter Singh’s birth centenary, the NRB issued the silver coin with the leader’s portrait at a joint programme organised by the NRB and the Ganeshman Singh Foundation […]


MPs want concrete deal on West Seti project during PM’s China visit

Kathmandu / March 14: Lawmakers from the Farwestern region have suggested on reaching a concrete agreement on pushing the West Seti Hydroelectricity Project ahead during Prime Minister KP Sharma Oli’s upcoming visit to China. Although a memorandum of understanding has been reached between the Investment Board Nepal and a subsidiary of the Chinese investor Three […]




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