Economy

Minister Ghising warns of penalty against contractors for delayed roadway projects

Kathmandu, Dec 30: Minister for Physical Infrastructure and Transport Kulman Ghising has warned that contractors responsible for delays in road construction projects will face penalties, and that the government may...

India says its economy has overtaken Japan, eyes Germany

India says its economy has overtaken Japan, eyes Germany

India has overtaken Japan as the world's fourth-biggest economy and officials hope to pass Germany within three years, the government's end-of-year economic review calculates.Official confirmation however depends on data due...
Govt unveils consolidated financial statements

Govt unveils consolidated financial statements

Kathmandu, Dec 29: The Office of the Auditor General has released the consolidated financial statements for the federal, provincial, and local governments for the fiscal year 2081/82 BS.Auditor General Shobhakanta...
'Attack on BFIs worrying'

'Attack on BFIs worrying'

Kathmandu, Dec 29: Chairman of Nepal Bankers' Association, Santosh Koirala, has said it was worrying to see the attacks on financial and banking institutes for the political interests.During a programme...
China says to launch digital currency action plan

China says to launch digital currency action plan

China will on January 1 launch an "action plan" for boosting management and operations of its digital currency, a deputy governor of the country's central bank said Monday."The future digital...
Sudan's gold production reaches 70 tons in 2025

Sudan's gold production reaches 70 tons in 2025

Sudan's Ministry of Minerals said on Sunday the country's gold production for 2025 reached 70 tons, 13 percent higher than the target.The Sudanese Mineral Resources Company, an affiliate of the...
Kyrgyzstan launches Chinese-funded waste-to-energy plant

Kyrgyzstan launches Chinese-funded waste-to-energy plant

A Chinese-funded waste-to-energy plant, which generates electricity from solid waste recycling, was launched Saturday in Bishkek, the capital of Kyrgyzstan.Speaking at the launch ceremony, Kyrgyz President Sadyr Japarov said the...
Bulgaria adopts euro amid fear and uncertainty

Bulgaria adopts euro amid fear and uncertainty

Bulgaria will become the 21st country to adopt the euro on Thursday, but some believe the move could bring higher prices and add to instability in the European Union's poorest...