Economy

Road Division Mahendranagar Issues 15-Day Ultimatum to Three Contractors Over Project Delays

2 months ago

Kathmandu. The Road Division Office in Mahendranagar, Kanchanpur, has issued a 15-day public notice to three construction companies, demanding an explanation as to why their contracts should not be terminated...

Public Procurement Monitoring Office blacklists 8 construction firms

2 months ago

Kathmandu. The Public Procurement Monitoring Office has blacklisted 8 construction companies and suppliers for failing to perform work as per their contracts. The office decided to blacklist these companies on...

Rajendra Raut Secures Landslide Victory in FNCCI Koshi Province Election

2 months ago

Biratnagar. Rajendra Raut's panel has achieved a resounding victory in the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Koshi Province election, establishing complete dominance over the leadership. Raut...

Nepali Congress Chief Whip Expresses Concern Over Stock Market Decline

2 months ago

Kathmandu. Nepali Congress Chief Whip in the National Assembly, Krishna Bahadur Rokaya, has expressed serious concern over the current state of the stock market and drawn the government's attention to...

Pushpalal Highway Project Issues Final Ultimatum to Contractors for Rs 1 Billion Recovery

2 months ago

Kathmandu. The Pushpalal (Mid-Hill) Highway Project Office in Sitkha, Ramechhap, has issued a final 35-day ultimatum to five construction companies to deposit approximately Rs 1 billion into the government revenue...

Nepal Tourism Board CEO Urges Businesses to Capitalize on Two-Day Weekend

2 months ago

Kathmandu. Deepak Raj Joshi, CEO of the Nepal Tourism Board, has urged tourism entrepreneurs to introduce attractive packages targeting the government's newly implemented two-day public holiday. Claiming that the two-day...

Bed Bahadur Shrestha Announces Candidacy for FNCCI Bagmati Province Presidency

2 months ago

Hetauda. Bed Bahadur Shrestha has announced his candidacy for the presidency of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Bagmati Province, with elections scheduled for Chait 24....

New Executive Committee of Federation of Contractors' Associations of Nepal Takes Oath

2 months ago

Kathmandu. The newly elected executive committee of the Federation of Contractors' Associations of Nepal (FCAN) has formally taken the oath of office and secrecy following its 13th convention. During a...

Stock Broker Association of Nepal Urges Finance Minister to Address Capital Market Challenges

2 months ago

Kathmandu. The Stock Broker Association of Nepal has drawn the attention of the Finance Minister to resolve existing problems in the capital market. On Monday, a delegation led by the...

Nepal Rastra Bank Reduces Risk Weight for Loans Under 30 Million Rupees

2 months ago

Kathmandu. The Nepal Rastra Bank has issued a directive to reduce the risk weight for loans under 30 million rupees. The central bank issued a unified directive to banks and...

Gold and Silver Prices Decline in Nepali Market

2 months ago

Kathmandu. The price of gold has decreased in the Nepali market on Monday. According to the Federation of Nepal Gold and Silver Dealers' Association, the price of gold has dropped...

Manang Tops Ministry of Home Affairs Performance Evaluation, Kathmandu Ranks Lowest

2 months ago

Kathmandu. Manang district has emerged as the top performer in the second quarterly performance evaluation conducted by the Ministry of Home Affairs. In the evaluation covering the months of Kartik,...

NEPSE to Open on Fridays Following Government's Two-Day Weekend Decision

2 months ago

Kathmandu. With the government declaring a two-day public holiday on Saturday and Sunday, the stock market will now remain open on Fridays.A meeting of the NEPSE Board of Directors held...

Dhanusha Farmers Face Crop Failure Amid Adverse Weather Conditions

2 months ago

Dhanusha. Agriculture is the primary occupation for most residents of Madhesh Province, with wheat serving as the second most important crop after paddy. In Dhanusha district alone, wheat is cultivated...

Nepal Paves Way for Converting Fossil Fuel Vehicles to Electric

2 months ago

Kathmandu. The government has decided to establish a legal framework to convert old fossil fuel-powered vehicles into electric vehicles. This decision, seen as a long-term measure to reduce petroleum consumption,...

Nepal's Ambitious Plan to Revive State-Owned Infrastructure Construction

2 months ago

Kathmandu. Nepal's infrastructure development is in a dismal state. Projects worth billions have been left abandoned for years. Often, contracts are awarded but work remains stalled, or contractors show no...