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EC asks OPMCM Secy Mainali to return vehicle, iPhone

Post Report 23 Jul 04:27 PM

The Election Commission (EC) on Sunday asked Secretary at the Office of the Prime Minister and Council of Ministers (OPMCM) Gopinath Mainali to return a vehicle and a mobile set issued to him while he was the secretary at the election governing body.Read Full Story »

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Nepse starts new fiscal year strong

Post Report 23 Jul 08:38 AM

Nepal Stock Exchange (Nepse) gained 53.08 points to close at 1,635.75 points last week, as investors ushered in the new fiscal year with a clean start by paying their loan installments.Read Full Story »

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Surkhet set to get new industrial estate

Post Report 23 Jul 08:38 AM

The government has initiated the process to build a new industrial estate in Surkhet. The industrial area is being established as part of the government’s plan to build at least one industrial estate in each of the seven provinces in the country.Read Full Story »

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Ginger exports to India back on track, for now

Pratap Bista 22 Jul 09:15 AM

Ginger exports to India resumed on Thursday after the Indian government unilaterally halted movement of the Nepali product for two weeks. Traders are exporting the high-value spice produce through the Kakarvitta border point in the eastern region. Read Full Story »

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Post Report 22 Jul 08:58 AM

The Ministry of Federal Affairs and Local Development, and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the largest private sector umbrella body, signed a memorandum of understanding (MoU) on Friday to enhance partnership between elected local representatives and private sector representatives at the local level.Read Full Story »

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Oil shortage ends after NOC pacifies dealers

Post Report 22 Jul 08:47 AM

A sudden gasoline shortage that led to long queues forming in front of filling stations for the past few days in the Kathmandu Valley has ended with Nepal Oil Corporation (NOC) boosting deliveries. Read Full Story »

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Krishna Thapa 22 Jul 08:27 AM

Rasuwagadhi-Kerung, Nepal’s only gateway to land trade with China has been obstructed due to landslides. The Pasang Lhamu Highway in Rasuwa district has been hammered by incessant rainfall since Thursday, triggering landslides.Read Full Story »

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Nepal, US to seal $630m deal in September

Post Report 22 Jul 08:17 AM

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Qatar Airways adds additional flights to Moscow

Post Report 21 Jul 03:40 PM

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Poor road condition hits Chitwan tourism

Bimal Khatiwada 21 Jul 08:40 AM

Tourism enterprises in Chitwan are experiencing a sharp decline in business as the landslide that struck Narayanghat-Mugling highway last week continues to pose a problem. Read Full Story »

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Rs 12b Kailali irrigation project 70pc complete

Ganesh Chaudhari 21 Jul 08:40 AM

Nearly 70 percent of the construction work at the Rani Jamara Kulariya Irrigation Project in Kailali in the far west has been completed.Read Full Story »

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Chitwan farmers go for tissue cultured banana

Shiva Puri 21 Jul 08:39 AM

An increasing number of farmers in Chitwan have been switching over to tissue cultured banana plants in a bid to increase output.Read Full Story »

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Bibek Subedi 21 Jul 08:39 AM

The government’s plan to have at least one bank branch in each local administrative unit looks unachievable unless basic infrastructure like motorable road, electricity, internet and security can be provided immediately in unbanked areas.Read Full Story »

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Govt may tighten criteria for new airline permits

Sangam Prasain 21 Jul 08:38 AM

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Demand for premium motorcycles revs up

Post Report 20 Jul 08:44 AM

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‘Govt projects must finalise contracts in 1st three months’

Post Report 20 Jul 08:44 AM

Finance Ministry has made it mandatory for government projects to complete the contract agreement within first three months of the current fiscal year. This is a bid to start the budget implementation quickly and expedite the capital spending. Read Full Story »

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Paddy transplantation slows as monsoon takes a break

Post Report 20 Jul 08:44 AM

The pace of paddy transplantation has slowed in the Central and Eastern development regions due to fluctuations between the active and weak spells of the monsoon. However, the transplantation rate in the Far and Mid-Western and Western regions has been better than expected.Read Full Story »

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Nepalis may not be able to exchange banned IC

Kamal Dev Bhattarai 20 Jul 08:44 AM

Nepalis holding banned Indian banknotes of IRs500 and IRs1,000 denominations may not be able to exchange them for legal tender as India remains silent on the issue, Nepal Embassy officials in New Delhi said. Read Full Story »

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Gas stations refuse to purchase petrol, diesel

Post Report 19 Jul 08:36 AM

Kathmandu-based private petrol pump operators refused to purchase petroleum products from Nepal Oil Corporation (NOC) on Tuesday, citing delays in upward revision in compensation for losses inflicted by shrinkage of petrol and diesel.Read Full Story »

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Post Report 19 Jul 08:34 AM

Lawmakers on Tuesday expressed concern at the involvement of Agricultural Development Bank Limited (ADBL) in misappropriating funds while selling land. Read Full Story »

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 Subcommittee formed to probe NOC land deal

Post Report 19 Jul 08:32 AM

The parliamentary Finance Committee on Tuesday formed a sub-committee to probe a land deal by Nepal Oil Corporation (NOC) for possible fraud.Read Full Story »

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Inflation at 13-yr low

Post Report 19 Jul 08:30 AM

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Nepalis’ online shopping dream coming true soon

Rupak D Sharma 18 Jul 08:16 AM

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Post Report 18 Jul 08:16 AM

Nepal Airlines Corporation (NAC) has cancelled 45 percent of its international flights after one of its three operational jets was sent off for a 45-day maintenance on Sunday. Read Full Story »

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GMR seeks more time

Bibek Subedi 18 Jul 08:16 AM

GMR Upper Karnali, the developer of the Upper Karnali Hydropower Project, has asked for more time to conclude financial closure citing delays by the government to provide forest land which have put off potential investors. Read Full Story »

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Post Report 18 Jul 08:16 AM

India has urged Nepal’s private sector to lobby policymakers to bring policies that will attract foreign investors to the country. Read Full Story »

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Country faces deficit of 100k litres of milk daily

Post Report 18 Jul 08:16 AM

The country is facing a deficit of around 100,000 litres of milk every day due to inadequate milk production. Read Full Story »

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Nepse continues to surge Monday

17 Jul 06:07 PM

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Post Report 17 Jul 08:58 AM

The Public Procurement Monitoring Office (PPMO) has blacklisted the ousted Spanish contractor of the Tribhuvan International Airport (TIA) Modernisation Project for failing to complete government projects within the deadline and non-cooperation with authorities.Read Full Story »

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Post Report 17 Jul 08:58 AM

The Ministry of Energy has awarded survey licences of two hydropower projects with total installed capacity of 857 MW to the recently established Electricity Generation Company and is in the process of handing over similar permits for two other projects with installed capacity of 1,244 MW. Read Full Story »

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DDC setting up 2 more dairy production centres

Post Report 17 Jul 08:58 AM

Dairy Development Corporation (DDC), the public enterprise established for the development of the dairy sector is planning to establish diary production centres in Pokhara and Khumaltar of Lalitpur. According to the DDC, the new production centres are being established to develop the dairy sector and meet the growing demand.Read Full Story »

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Govt fails to impose VAT on stockbrokers

Post Report 17 Jul 08:50 AM

The government has failed to implement value added tax (VAT) on stockbrokers commission as the Ministry of Finance (MoF) has yet to finalise the modality. The government’s plan was to charge VAT on stockbrokers commission from Sunday.Read Full Story »

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Rs 30 billion domestic shoe industry under siege

Post Report 17 Jul 08:50 AM

Nepal-made footwear products are on the cusp of losing a big chunk of share in the growing domestic footwear market, as smuggled products, under-invoicing of imported products and lack of incentives for manufacturers have started eroding their competitive edge.Read Full Story »

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 NPC recommends formulation of Act to define nat’l pride projects

Rupak D Sharma 16 Jul 08:42 AM

The National Planning Commission (NPC), the apex body that frames the government’s development policies and programmes, has recommended that an Act be formulated to define projects of national pride, as it would legally bind authorities to accord certain concessions to such projects and ease their selection process.Read Full Story »

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NEA slashes industrial loadshedding by an hour

Bibek Subedi 16 Jul 08:40 AM

Nepal Electricity Authority (NEA), the state-owned power utility, has slashed industrial loadshedding by an hour with the rise in power generation in the country. Read Full Story »

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Darchula-Tinkar road still unfinished

Manoj Badu 16 Jul 08:39 AM

Locals of Byas village council of Darchula district are forced to live in misery due to the delay in construction of Darchula-Tinkar road, the motorable access to district headquarter in Khalanga. Locals have to cross the Indian border in order to travel to district headquarter. When the government started the survey of the road more than 10 years ago, they were expecting the end of such detouring within a few years. Read Full Story »

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Tibet Airlines set to fly to Kathmandu

Post Report 15 Jul 08:23 AM

Nepal is going to get yet another flying option to China. The Lhasa-based Tibet Airlines will be joining the Kathmandu’s Tribhuvan International Airport (TIA) from July 20, making it the largest air connectivity with five airlines from the northern neighbour, as Nepal continues to draw Chinese tourists.Read Full Story »

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Vizag port offers low cost, link to China: Officials

Kamal Dev Bhattarai 15 Jul 08:22 AM

Officials at the Visakhapatnam Port have urged Nepali traders to make more use of the seaport in the Indian state of Andhra Pradesh citing cost of ferrying goods from the port is lower.Read Full Story »

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