Economy

NRB distributing fresh notes for Dashain from tomorrow 2021-09-19

KATHMANDU: Nepal Rastra Bank (NRB) is issuing new banknotes from Monday in view of the upcoming Dashain festival. The general public can exchange crispy notes from the central office and provincial offices of the NRB. Similarly, authorized ban...

Buddha Bhumi Nepal Hydropower to issue IPOs worth Rs 80 million 2021-09-19

KATHMANDU, September 19: The Buddha Bhumi Nepal Hydropower is all set to issue 800,000 units of primary shares worth Rs 80 million to the general public from September 27. The company recently distributed 400,000 units of Initial Public Offeri...

Budget holiday will end soon: Minister Karki 2021-09-17

MORANG, September 17: Minister for Law, Justice and Parliamentary Affairs, Gyanendra Bahadur Karki, has said that the budget holiday would not remain for long. Talking to media persons at Biratnagar Airport today, Minister Karki expressed the ...

Youths in Sudurpaschim to get collateral free loan for self-employment 2021-09-17

DOTI, September 17: Chief Minister of Sudurpaschim Province Government Trilochan Bhatta has vowed to end the compulsion of Nepali youths to go to India for seeking jobs. At a programme organised by the CPN (Maoist Centre) in Silgadhi of Doti distric...

Fair price shops come into operation from today 2021-09-17

KATHMANDU, September 17: The government has brought into operation fair price shops in various parts of the country targeting Dashain and Tihar - two major festivals of the county- from Friday. The government is operating these fair price shops in a...

Fair price shops come into operation from today 2021-09-17

FM Sharma asks EPF to focus its investable projects in productive sector 2021-09-16

KATHMANDU, September 16: Finance Minister Janardan Sharma today stressed the need for the Employees' Provident Fund (EPF) to focus its investable projects in productive sector, adding it creates a basis for sustainable economic growth of the countr...

'Initiatives on to address problems of traders, industrialists' 2021-09-16

SURUNGA, September 16: Senior Vice-President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, has said that the FNCCI, as the umbrella organisation of all the traders, entrepreneurs and industrialists of t...

Sugar likely to cost more than Rs 100 per kilogram in next few days 2021-09-16

KATHMANDU, September 16: As the main festival of Nepali society, Dashain and Tihar, hovers around, the cost of sugar per kilogram is likely to be higher than Rs 100. Two main government companies - Salt Trading Corporation and Food Management and Tr...

Sugar likely to cost more than Rs 100 per kilogram in next few days 2021-09-16

Indian private train delivers goods to Nepal for the first time 2021-09-15

KATHMANDU, September 15: Breaking the Indian Government monopoly in Nepali dry ports, an Indian private train company - has delivered goods in Nepal for the first time in history. A train of Hind Terminal Private Company arrived in Birgunj Dry Port ...

Make UK visa process easy and accessible to Nepalis business community: FNNCI Senior VP Dhakal 2021-09-14

KATHMANDU: Senior Vice President of the Federation of the Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal on Tuesday asked the authorities concerned to make the visa process easy and accessible to Nepalis business community so ...

Tanahu Society, Hong Kong, provides financial support to two kidney patients 2021-09-14

TANAHU, September 14: Tanahu Society, Hong Kong, has provided Rs 456,000 financial support to two youths suffering from kidney disease. Khim Bahadur Nepali, 36, and Lum Bahadur Rilami of Rishing rural municipality-8 got the financial assistanc...

Economic growth rate of Province-2 is 3.5 percent 2021-09-12

DHANUSHA, September 12: The government of Province No. 2 has published the Economic Survey 2077/78, a first of its kind of the Province. According to the economic survey published by the government, the economic growth rate of the Province is 3.5 perce...

“Melamchi water will be brought to Kathmandu by mid-April, next year” 2021-09-10

KATHMANDU: The government has said that the drinking water from Melamchi river will be supplied to the Kathmandu Valley by mid-April (Nepali month of Chaitra), next year. Tabling the budget substitution bill at the House of Representatives (Ho...

FinMin Sharma tables budget substitution bill (with full document) 2021-09-10

KATHMANDU: Finance Minister Janardan Sharma, on Friday, tabled a substitution bill to amend the ordinance budget introduced by his predecessor CPN-UML’s Bishnu Poudel, more than a month he took the helm of the ministry under the premiership of Sh...

Govt introduces new budget thru substitution bill, Rs 1.632 trillion is new budget size 2021-09-10

KATHMANDU: Government has tabled a new budget for the fiscal year 2021/22 amending the earlier ordinance budget introduced by the outgoing KP Oli Government. The Finance Minister tabled the budget substitution bill amid the obstruction by the lawmak...

Nepal, India sign investment agreement for Butwal-Gorakhpur Transmission line 2021-09-10

KATHMANDU, September 10: Nepal and India have agreed to collaborate for the development of the second transnational transmission line with the capacity of supplying around 20,000 megawatts of electricity. According to the Nepal Electricity Authority...

Rs 3 billion saved in two years of interstate petroleum pipeline 2021-09-09

KATHMANDU, September 9: The operation of Nepal-India Interstate Petroleum Pipeline has completed two years, resulting into the saving of Rs 3 billion. It used to be spent in the transportation of the petroleum products from India to Nepal earlier. N...

CM Pokharel calls for investment in large scale projects 2021-09-07

GANDAKI, September 7: World Bank's Country Director for Nepal, Faris Hadad-Zervos, paid a courtesy call on Chief Minister of Gandaki Province, Krishna Chandra Pokharel. During the meeting held at the office of the Chief Minister on Monday...