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‘Potential of Nepali herbal products still untapped’

Post Report 17 Oct 09:11 AM

Nepali herbal products have immense potential to secure notable exports earnings but the lack of research, absence of proper processing and failing to label appropriate specifications have been impeding its business prospects, experts have said. Read Full Story »

Balram Ghimire 17 Oct 09:10 AM

The customs office in Rasuwa on the northern border with China collected revenue totalling more than Rs2.30 billion in one month as traders started importing clothes from the northern neighbour for the Dashain festival earlier than usual. Read Full Story »

Shoe brands roll out promotional schemes

Post Report 16 Oct 02:29 PM

Footwear manufacturers have rolled out a wide range of affordably priced shoes besides unveiling sales promotional schemes for the festive season. Read Full Story »

Market monitoring fails to protect consumers

Post Report 15 Oct 09:04 AM

The government has admitted that despite intensifying its market monitoring efforts ahead of the Dashain festival — the biggest festival of Hindus, they have failed to protect consumers from the rampant selling of substandard products along with excessive price hikes. Read Full Story »

Jumla sells apples worth Rs180 million

Lp Devkota 15 Oct 09:04 AM

Jumla has recorded a bumper sale of organic apples amounting to Rs180 million this year as traders and farmers were able to supply the fruits to markets on time due to the improved transportation system in the district. Read Full Story »

Nepse index inches up 0.91 points

Post Report 14 Oct 08:53 AM

The Nepal Stock Exchange (Nepse) last week rose by marginal 0.91 points to close at 1,228.28 points, with a large number of investors selling stocks they held to manage expenses for Dashain and to settle banks’ interests for the first quarter of the current fiscal year. Read Full Story »

Border police seize trucks loaded with illegal goods

Bhushan Yadav 13 Oct 09:10 AM

Smuggling cases of pepper, maize and garments at the border areas have been on the rise. According to a report provided by the District Police Office, Parsa, the office confiscated garments worth Rs7.9 million that passed through illegal channels from last mid-April. Read Full Story »

Work starts on Tamakoshi V cascade power project

Post Report 13 Oct 08:53 AM

Tamakoshi Jalvidyut Company has initiated the development of a cascade plant downstream of the Upper Tamakoshi Hydropower Project which is currently under construction. Tamakoshi V will use the water from the tailrace of the 456 MW Upper Tamakoshi Hydropower Project to turn its turbines to generate 99.8 MW of hydroelectricity. Read Full Story »

Food prices soar amid festival buying spree

Post Report 13 Oct 08:53 AM

Prices of edibles in the Kathmandu Valley have soared amid a festive shopping spree. Vegetable, fruit, meat, flour, edible oil, sugar and egg, among others, have all become dearer. Read Full Story »

Nepal, Bangladesh energy meeting slated for Nov 15

Post Report 12 Oct 09:01 AM

Nepal has proposed to Bangladesh to hold an energy secretary-level bilateral meeting between the two countries in Kathmandu on November 15 and 16. Read Full Story »

Forest Ministry says ‘no need to obstruct Nijgadh project’

Post Report 12 Oct 09:01 AM

The Ministry of Forest and Environment said it would not create obstacles to environment-friendly development amid rising public concern over the ecological costs of the proposed international airport in Nijgadh, Bara. Read Full Story »

Imagine Nepal to explore Rara

Post Report 11 Oct 08:36 AM

Imagine Nepal is back with another expedition after the successful conquests of Manang and Lomangthang Read Full Story »

75k animals to be brought for Dashain slaughter

Post Report 10 Oct 08:25 AM

More than 75,000 he-goats, mountain goats and sheep will be brought to the Kathmandu Valley to be slaughtered during the Dashain festival. Read Full Story »

NEA regional chiefs sign performance contracts

Post Report 10 Oct 08:25 AM

Chiefs of the regional offices and distribution centres of the Nepal Electricity Authority (NEA) are being asked to sign performance contracts setting goals for them in a bid to reduce loss and control leakage.Read Full Story »

NOC’s losses expected to balloon as smuggling goes unchecked

Post Report 10 Oct 08:25 AM

The rise in smuggling of petroleum products from Nepal has become a headache for the state-owned oil supplier Nepal Oil Corporation (NOC) forcing it to seek government’s help to check it. Read Full Story »

Banks launch auto loan schemes for Dashain

Post Report 10 Oct 08:25 AM

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Tourist season kicks off with 34pc growth

Post Report 09 Oct 08:52 AM

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Post Report 09 Oct 08:52 AM

The Kabeli Corridor Transmission Line, called the backbone of the power grid in the eastern region, is finally nearing completion more than 10 years after construction started. Read Full Story »

Sugar mills told to pay farmers within 5 days

Post Report 09 Oct 08:52 AM

The government on Monday warned sugar producers to clear the dues of sugarcane farmers within five days or face stern action. This is the second time in four months that the government has told sugar mills to make payment to sugarcane farmers for their crops. Read Full Story »

F1Soft, Sakchyam join hands to launch Quik Bhuktani

Post Report 09 Oct 08:51 AM

F1Soft International has partnered with UK Aid Sakchyam Access to Finance Programme to introduce an ‘online reverse factoring platform’, titled Quik Bhuktani, a first-of-its-kind technological innovation programme that will enhance access to finance for micro, small and medium enterprises (MSMEs) in Nepal. Read Full Story »

Dashain shopping in full swing; offers at malls galore

Post Report 09 Oct 08:51 AM

In an effort to draw consumers into their stores, shopping malls in the Kathmandu valley are setting the mood for the festive season by offering many festive offers and special attractions. Read Full Story »

Fitness clubs see surge in demand across Nepal

Post Report 08 Oct 08:49 AM

Read Full Story »

Post Report 08 Oct 08:48 AM

The Cabinet on Sunday formed a task force to investigate the sudden rise in the price of sugar at the start of the festival season following sharp criticism from lawmakers and the public. Read Full Story »

Post Report 08 Oct 08:48 AM

A technical delegation from the Civil Aviation Authority of Nepal (CAAN) is scheduled to visit the Indian capital of New Delhi on Thursday to continue the air routes talks started last June. According to CAAN officials, a five-member team led by Deepak Baral, director of air traffic management at CAAN, will hold discussions with officials of the Airport Authority of India (AAI) regarding two vital air routes: Nepalgunj in the midwest and Mahendranagar in the far west. Read Full Story »

Nepse plunges nearly 40 points

Post Report 07 Oct 09:24 AM

The Nepal Stock Exchange (Nepse) last week slid 39.81 points to close at 1,227.37 points, with a large number of investors selling their stocks. Along with the fall in Nepse, the average daily transaction amount also declined to Rs477.36 million from Rs827.03 million in the previous week. Read Full Story »

NEA ready to sign deal with Indian firm

Bibek Subedi 07 Oct 08:38 AM

Nepal Electricity Authority (NEA)—the state-owned power utility—and Indian government owned NTPC Vidyut Vyapar Nigam (NVVN) are close to signing a memorandum of understanding (MoU) to export electricity generated by Nepali hydropower plants to Bangladesh, using the Indian transmission line. Read Full Story »

NAC resumes Lukla flight

Post Report 07 Oct 08:38 AM

Nepal Airlines Corporation (NAC) on Saturday resumed its passenger flights to Lukla Airport, the gateway to Mt Everest, after more than two years of suspension. Read Full Story »

Minister Yadav claims government powerless in capping sugar price

Post Report 06 Oct 08:33 AM

The government claims that it is powerless in maintaining the sugar price at Rs63 per kg and expressed discontent over the intervention by Parliamentary Public Accounts Committee (PAC). Read Full Story »

Post Report 06 Oct 08:33 AM

The Nepali rupee plunged to a fresh low on Friday, with the Nepal Rastra Bank (NRB)—the country’s central bank, fixing the exchange rate at Rs118.33 per US dollar for Saturday. The Nepali rupee’s freefall is an effect of the steady depreciation of the Indian rupee with which it is pegged. Read Full Story »

Post Report 06 Oct 08:33 AM

Minister for Industry, Commerce and Supplies Matrika Prasad Yadav on Thursday wrote to the Speaker of Federal Parliament Krishna Bahadur Mahara seeking an investigation against the lawmakers who blamed him for misappropriating Rs1.69 billion while imposing the quantitative restriction in sugar import. Read Full Story »

Post Report 05 Oct 09:02 AM

The Asian Development Bank (ADB) has approved a loan of $180 million to support improvements to Nepal’s East-West Highway, the country’s main domestic and international trade route also known as the Mahendra Highway. Read Full Story »

Post Report 05 Oct 09:02 AM

State-owned Hydroelectricity Investment and Development Company (HIDCL) will make equity investments in projects being executed by private developers too, departing from its earlier policy of investing in public projects only. Read Full Story »

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