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Post Report 29 May 06:09 PM

Finance Minister Krishna Bahadur Mahara presents budget for fiscal year 2017-18 before the Parliament. Read Full Story »

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Veggie prices tumble as rains boost output

Aman Koirala 29 May 09:10 AM

Prices of most vegetables have dropped due to increased production helped by good rainfall. Read Full Story »

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Post Report 29 May 09:10 AM

The country’s network of blacktopped roads has expanded to 12,305 km with the addition of 132 km in the first eight months of the fiscal year, an economic survey report released by the government on Sunday reveals.Read Full Story »

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Farm sector’s growth rate to hit 9-year high

Post Report 29 May 09:10 AM

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Per capita debt down 2 percent to Rs21,665

Post Report 29 May 09:10 AM

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Rajesh Khanal 29 May 09:09 AM

Public Enterprises (PEs) reported net profits worth Rs34.96 billion in 2015-16, a marginal increment of 1.61 percent compared to the previous fiscal year as numerous government run enterprises improved their financial position in the lastfiscal year.Read Full Story »

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Post Report 29 May 09:09 AM

The length of electricity transmission lines in the country has reached 3,205 circuit kilometres as of the first eight months of the fiscal year, the Economy Survey says. Read Full Story »

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Govt gets leeway to frame budget of Rs1,280 billion

Post Report 29 May 09:09 AM

The size of the next fiscal year’s budget can swell to Rs1,280 billion, as greater funds have been allocated for newly-formed local bodies, provincial and federal elections, physical infrastructure projects and post-earthquake reconstruction works.Read Full Story »

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Nepse plunges 14.29 points

Post Report 28 May 08:40 AM

Nepal Stock Exchange (Nepse) slid 14.29 points last week as investors lost confidence in the market’s ability to give high returns coupled with the uncertain political situation gripping the country.Read Full Story »

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Bibek Subedi 28 May 08:40 AM

Nepal Electricity Authority (NEA) and India’s NTPC Vidyut Vyapar Nigam (NVVN) on Saturday signed a supplementary power purchase agreement (PPA), giving continuity to the import of electricity through Dalkebar-Muzzafapur cross-border transmission line. Read Full Story »

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NTA to bar Ncell from launching 4G service

Post Report 28 May 08:17 AM

The Nepal Telecommunications Authority (NTA), the telecom sector regulator, has said it would abide by the fresh directive issued by the parliamentary Public Accounts Committee (PAC) and bar Ncell from launching the 4G service.Read Full Story »

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NFC buys 106 tonnes of beans, buckwheat

Post Report 27 May 08:20 AM

Nepal Food Corporation (NFC) has bought 106 tonnes of beans and buckwheat from farmers in the Karnali region even though it has 60 tonnes of unsold legumes in its warehouses.Read Full Story »

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‘Local bodies must get adequate budget’

Post Report 27 May 08:20 AM

The parliamentary Finance Committee on Friday directed the government to allocate adequate resources to the local bodies by creating a specific criteria in the budget to be announced on Monday.Read Full Story »

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Renault launches new Lodgy Stepway range

Post Report 26 May 09:05 AM

Renault Nepal is launching the all new LODGY STEPWAY range, as it looks to appeal to customers looking for a fascinating value proposition.Read Full Story »

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Nawalparasi becoming cement hub of Nepal

Narayan Sharma 26 May 09:04 AM

Cement factories are springing up in Nawalparasi due to favourable investment environment. The district alone houses 5 cement factories running on high capacities. Nepal has a total of 17 cement factories.Read Full Story »

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Imports of telecom goods surge 42pc

Post Report 26 May 09:04 AM

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Panel tasked to suggest appropriate modality

Sangam Prasain 26 May 08:59 AM

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Post Report 26 May 08:59 AM

The newly incorporated Electricity Generation Company has applied for licences to undertake surveys for four hydropower projects with the Department of Electricity Development (DoED), and is preparing to file applications for four more schemes.Read Full Story »

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NFC to buy 4,000 tonnes of wheat from farmers

Post Report 25 May 08:58 AM

Nepal Food Corporation (NFC) will be spending Rs125 million to buy 4,000 tonnes of wheat directly from farmers in a bid to ensure that they get a fair price for their harvest besides protecting them from possible exploitation by middlemen.Read Full Story »

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Post Report 25 May 08:25 AM

NIC Asia has appointed Roshan Kumar Neupane and Sudhir Pandey as Deputy Chief Executive Officers. The bank is expecting the pair to drive the company forward using their vast experience in the banking business.Read Full Story »

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Financing gap a threat to SDGs: Industry Minister

Post Report 25 May 08:24 AM

Industry Minister Nabindra Raj Joshi made an astute observation while addressing the second Economic and Social Council (ECOSOC) Forum on Financing for Development Follow-up at the United Nations Headquarters in New York, on Tuesday. Read Full Story »

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Tamakoshi 3 plant to be built under PPP model

Bibek Subedi 25 May 08:24 AM

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 High-altitude experts to retrieve body from Everest

Sangam Prasain 25 May 08:23 AM

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Post Report 25 May 08:23 AM

Average industrial capacity utilisation in the country stood at 54.2 percent in the first six months of the current fiscal year, indicating manufacturing plants are still operating at around half their capacity, thus reducing production. Read Full Story »

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NOC barred from distributing bonus

Post Report 25 May 08:22 AM

The sub-committee of the parliamentary Industry, Commerce and Consumer Welfare Protection on Wednesday, directed Nepal Oil Corporation (NOC) not to distribute bonuses to the corporation’s employees until the Bonus Act 1973 was amended. Read Full Story »

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PM Dahal resigns, leaves behind a healthy economy

Rupak D Sharma 25 May 08:22 AM

Prime Minister Pushpa Kamal Dahal stepped down on Wednesday, as per the deal reached earlier with the coalition partner Nepali Congress, drawing praises for eliminating power cuts from major cities, ending confusion over construction of Kathmandu-Tarai expressway and keeping the economy in a healthy state.Read Full Story »

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Meshchandra Adhikari 24 May 08:36 AM

The confidence of Dhankuta-based entrepreneurs involved in the production of garments made from dhaka has been going up these days, as demand for their products is continuously increasing in the international market.Read Full Story »

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Govt set to buy 41 ha of land to ease port operations in Birgunj

Shankar Acharya 24 May 08:36 AM

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Hotel chain OYO debuts in Nepal; rates start from IRs999

Post Report 24 May 08:36 AM

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Post Report 24 May 08:36 AM

The third session of Legislature-Parliament failed to commence on Tuesday, putting the plan to hold pre-budget discussion and present government’s policies and programmes in limbo. Read Full Story »

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China’s Gezhouba lands Budhi Gandaki contract

Bibek Subedi 24 May 08:36 AM

The government has decided to award the contract to construct the Budhi Gandaki Hydroelectric Project to China Gezhouba Group Corporation (CGGC). Read Full Story »

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Nepal braces for deceleration in per capita income growth

Rupak D Sharma 24 May 08:36 AM

Average income of Nepalis, which is growing at a sluggish pace, may not even rise at the current rate in the coming years if productivity fails to improve rapidly across various sectors, public investments do not go up and agricultural yields continue to remain low, a latest World Bank report says.Read Full Story »

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Pharma producers hail ban on import of 37 medicines

Post Report 23 May 08:40 AM

The Association of Pharmaceutical Producers of Nepal (Appon) has welcomed the government’s move of imposing restriction on 37 medicinal products that are largely produced by domestic drugs manufacturers. Read Full Story »

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PAC unconvinced by NTA’s explanation for issuing permit

Sanjeev Giri 23 May 08:25 AM

The parliamentary Public Accounts Committee (PAC) has expressed serious reservations over the clarification given by the Nepal Telecommunications Authority (NTA) for issuing a 4G licence to Ncell despite its objections.Read Full Story »

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‘IC exchange facility beyond our ability’

Bibek Subedi 23 May 08:25 AM

Nepal Rastra Bank (NRB) has said that providing exchange facility to Nepalis holding demonetised Indian 500 and 1000 rupee banknotes is beyond its capacity. Read Full Story »

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Palpa’s love affair with maize and self-reliance

Madhav Aryal 22 May 08:32 AM

With majority of the cultivatable land in the district being used for maize plantation, Palpa district has become self-reliant in maize seed. Read Full Story »

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Dairy farming much better than foreign employment

Birendra Kc 22 May 08:32 AM

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Post Report 22 May 08:32 AM

The much-touted Upper Tamakoshi Hydropower Project is all set to sell 10 percent of its stake to the locals of the project-affected Dolakha district. Read Full Story »

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Sebon bars Pragyan for insider trading

Post Report 22 May 08:32 AM

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Ktm-Tarai expressway to be inaugurated by PM

Post Report 22 May 08:31 AM

Prime Minister Pushpa Kamal Dahal is all set to inaugurate the construction of 76-km Kathmandu-Nijgadh expressway on Sunday days before he is expected to formally step down as the country’s executive head.Read Full Story »

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Rupak D Sharma 21 May 08:49 AM

The National Planning Commission (NPC) has devised a formula for distribution of financial resources among local bodies, which, if approved, could end the confusion over allocation of funds for authorities at the grassroots and expedite the process of formulating budget for the next fiscal year.Read Full Story »

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