Economy

Portfolio Review Meeting stresses on concerted efforts for project execution

Kathmandu / April 21: The development partners and the government officials have stressed on joint efforts towards resolving problems encountered in implementation of the development projects. Speaking in the tripartite portfolio review meeting of the Asian Development Bank (ADB)-funded projects under implementation in the country here today, government high officials concerned with the projects and […]


Over 1,800 MW power in two years

Kathmandu / April 15: The government has projected to generate 1,846 MW electricity within two years. Similarly, the government has projected to produce 1,423 MW power in the winter season. A total of 628 MW electricity would be generated from the projects based on the river flow, 106 MW from reservoir projects after the construction of […]


50th AGM of FNCCI; PM Oli says govt now riveted on economic progress

Kathmandu / April 10: Prime Minister KP Sharma Oli today reiterated the government is now focused on driving the country on a path of economic prosperity along with putting into practice the new constitution. Inaugurating the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) 50th Annual General Assembly (AGM) and Commerce and Industry Day, […]


River bank farming paying farmers well

Morang / April 9: Chhedan Lal Mandal of Rangeli Municipality-9 of Morang is making a good income from the river bank farming. Thirty-five year Mandal who started vegetable farming on the bank of Chisang River is now happy for the return of his hardship. He invested Rs 200,000 to start vegetable farming on sandy soil […]


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 […]




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