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Clinker imports jump nearly sixfold in H1

Post Report 20 Feb 10:26 AM

Nepal has been heading towards self-sufficiency in cement, but at the same time, imports of clinker, one of the key raw materials used in manufacturing it, have soared.Read Full Story »

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Shiva Puri, Shankar Acharya 20 Feb 10:04 AM

Seven months into the fiscal year, capital expenditure in Chitwan and Parsa districts remains low as various government agencies have not asked for their budget allocations from the District Treasury Office. Read Full Story »

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Tourists flock back to Manaslu area

Sudip Kaini 20 Feb 10:04 AM

The flow of foreign tourists to the Manaslu Conservation Area, which had dropped significantly after the 2015 earthquakes, has revived following restoration of the trekking route.Read Full Story »

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Post Report 20 Feb 10:01 AM

The Development Committee of Legislative Parliament on Sunday directed the Ministry of Physical Infrastructure and Transport (MoPIT) to disburse the amount allocated to the Nepal Army (NA) in the current fiscal year for the construction of road projects within 15 days.Read Full Story »

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Long queues appear at gasoline stations

Post Report 20 Feb 09:58 AM

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Kamal Panthi 20 Feb 09:58 AM

The government has launch feasibility study for building a dry port at Surajpur in Gulariya, Bardia.Read Full Story »

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Forex reserves cross record $10b mark

Post Report 20 Feb 09:58 AM

Nepal’s foreign exchange reserves crossed the $10-billion mark for the first time as money flowing into the economy surpassed outflows.Read Full Story »

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Nepse jumps 47.62 points

Post Report 19 Feb 10:22 AM

Nepal Stock Exchange (Nepse) last week jumped 47.62 points to close at 1,343.85 points, as investors rushed to buy shares at a time when prices were at their 11-month low.Read Full Story »

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Indian minister attends infrastructure meet

Post Report 19 Feb 09:53 AM

Indian Railways Minister Suresh Prabhakar Prabhu landed in Kathmandu on Saturday afternoon to participate in Nepal Infrastructure Summit 2017 that is slated to be held from February 19-20.Read Full Story »

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Tanker operators oppose minimum fleet size rule

Post Report 18 Feb 09:45 AM

Oil tanker operators refused to transport gasoline on Friday as they intensified their protest against a recent amendment to the Petroleum Products Transportation Bylaw which requires them to maintain a minimum fleet size of five tankers. Read Full Story »

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Sinkhole damaged road at Naxal reopens after repairs

Post Report 18 Feb 09:45 AM

The Bhagwati Bahal-Bal Mandir road at Naxal has reopened after being shut down for 39 days when a section caved in due to digging at a construction site nearby.Read Full Story »

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Inflation hits 12-yr low of 3.2pc in Jan

Post Report 18 Feb 09:45 AM

Inflation has dropped to its lowest rate in 12 years of 3.2 percent as a fall in prices of food and beverages brought down the cost of living.Read Full Story »

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400k NT subscribers switch to 4G network

Sanjeev Giri 17 Feb 08:43 AM

The 4G service launched by Nepal Telecom (NT) has received an overwhelming response with 400,000 subscribers in Kathmandu and Pokhara upgrading to the network so far. Read Full Story »

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Petroleum Storage Plants: Indian Oil Corp ready to extend technical support to Nepal

Post Report 17 Feb 08:43 AM

The Indian Oil Corporation (IOC) has agreed in principle to provide technical support to the Nepal Oil Corporation (NOC) for building petroleum storage plants in all seven provinces. Read Full Story »

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Budhigandaki Hydroelectric Project: Residents likely to receive compensation this week

Bibek Subedi 16 Feb 09:43 AM

The District Administration Office (DAO), Gorkha is likely to start distributing compensation to residents of three VDCs for their land taken over by the Budhi Gandaki Hydroelectric Project this week. Read Full Story »

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Unit set up to improve orange production

Pratichya Kafle 16 Feb 09:43 AM

The government has established an Orange Zone Implementation Unit in the western district of Syangja in a bid to make orange farming more organised and raise production of the fruit.Read Full Story »

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Coolpad debuts in Nepal with four-model lineup

Post Report 15 Feb 10:06 AM

Coolpad has entered the Nepali smartphone market by unveiling a lineup of four models, the Coolpad Cool 1, Note 3S, Mega 3 and Mega 2.5D.Read Full Story »

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Himalaya Wine now available in market

Post Report 15 Feb 10:06 AM

Aloha Himalaya Investment has launched Himalaya Wine in the domestic market. The products are available in three variants: white, red and rose. Read Full Story »

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Ncell announces ‘Facebook Free’

Post Report 15 Feb 10:06 AM

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Post Report 15 Feb 10:05 AM

Bankers on Tuesday said that they had started issuing loans in proportion to their deposit collection in order to reduce interest rate volatility. Entrepreneurs have lately been blaming banks for raising interest rates rampantly while curbing credit disbursement.Read Full Story »

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Rollback: Unpopular KUKL chair withdraws court cases

Post Report 15 Feb 10:05 AM

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Post Report 15 Feb 10:05 AM

The government has moved a step closer to signing a project development agreement (PDA) with Nepali-Finnish joint venture company Nepwaste to manage the Kathmandu Valley’s solid waste. Read Full Story »

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NRB lays down rules for hiring foreigners

Post Report 15 Feb 10:05 AM

Nepal Rastra Bank (NRB) has barred banks and financial institutions (BFIs) from hiring foreign nationals in an arbitrary manner.Read Full Story »

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Butwal-Gorakhpur cross-border transmission line: Nepal, India to finalise DPR of 400 kVA power line

Bibek Subedi 15 Feb 10:05 AM

Nepal and India have agreed to finalise the detailed project report (DPR) of the proposed Butwal-Gorakhpur cross-border transmission line prepared by the joint technical team representing both the countries.Read Full Story »

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Bottled water set to be cheaper by 10pc

Post Report 14 Feb 09:50 AM

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Bhushan Yadav 14 Feb 09:39 AM

With banks tightening lending due to a receding supply of loanable funds, imports of luxury automobiles and industrial raw materials have dropped markedly, leading to a sharp drop in revenue collection at Birgunj Customs.Read Full Story »

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Flower shops brace for Valentine’s Day

Sakchham Karki 14 Feb 09:37 AM

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Post Report 14 Feb 09:37 AM

The profit of commercial banks is likely to grow by almost 50 percent in the second quarter of this fiscal year buoyed by soaring demand for loan after the end of the trade blockade imposed by India.Read Full Story »

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NEA to sign contracts to keep its senior officials on their toes

Bibek Subedi 14 Feb 09:37 AM

The Nepal Electricity Authority (NEA) is mulling to sign performance contracts with its senior officials in a bid to enhance efficiency. The NEA board has approved a draft of the proposed pledge, and management plans to ask its senior staff to sign the pact promising to achieve certain targets. Read Full Story »

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Sanjeev Giri 14 Feb 09:37 AM

Real estate transactions sizzled in the first half of the fiscal year with the collection of land registration fees soaring 150 percent compared to the same period last year.Read Full Story »

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Mid-Marshyangdi power generation drops to 30MW

Aash Gurung 13 Feb 09:51 AM

With the onset of the dry season, power generation from the 70MW Middle Marshyangdi Hydropower Project has dipped by around 60 percent. The hydropower plant is now generating only around 30MW of electricity on an average due to the significant drop in water level in the river basin.Read Full Story »

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Sales of Valentine’s Day gifts drop as habits change

Sakchham Karki 13 Feb 09:48 AM

Newly married Narendra Maharjan said he wouldn’t be buying any gifts for his wife during this Valentine Season. “I don’t believe in materialistic gifts and neither does my wife. Instead, I have booked a table for two,” he said.Read Full Story »

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Navin Poudel 13 Feb 09:40 AM

Sugar production in Nawalparasi has gone down significantly because of low sugarcane production.Read Full Story »

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Post Report 13 Feb 09:40 AM

Premium collection through sales of agriculture-related insurance products jumped 65 percent in the first four months of the current fiscal year, as more people became aware about the importance of insurance coverage and the government continued to extend subsidies to buy policies.Read Full Story »

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Arun-3 Hydro Project: Developer claims compensation citing ‘change in law’

Bibek Subedi 13 Feb 09:40 AM

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Banking sector braces for interest rate war

Rupak D Sharma 13 Feb 08:05 AM

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Trout farming gaining popularity in Khotang

Dambar Singh Rai 12 Feb 10:04 AM

Khotang locals have adopted commercial rainbow trout fish farming as one of their major professions. Read Full Story »

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Nepse dips on loan curbs

Post Report 12 Feb 10:04 AM

Nepal Stock Exchange (Nepse) last week lost a whopping 86.22 points to close at 1,296.23 points, as the demand for stocks fell after banks tightened margin loans due to liquidity crunch.Read Full Story »

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