Stakeholders have advised to develop Budhi Gandaki as a multi-purpose project to also use its water for other purposes. They have drawn the attention of government toward that stating that benefits from use of water can be lost while designing it only for use of electricity.
ANUP PANTHI, NAIKAP (KATHMANDU) : I joined Sanima Bank after completing Bachelor of Business Administration (BBA) from Shanker Dev Campus in 2009 but I always felt that it was not my sector and I was born to do something myself. I suddenly quit my job one day and convinced my family that I will do my own business.
I was luckily not alone in my decision, perhaps due to the fact that my family ha...
KATHMANDU, July 30
The Nepal Oil Corporation (NOC) will repay all the debts taken from the government and different financial institutions within the current fiscal year. It has been in profit after implementing automatic pricing system from the end of September.
It has already repaid loan of Rs 18 billion in the past nine months after fall in fuel price in the internatio...
KATHMANDU, July 29
Foreign goods worth over Rs 801.21 billion were imported in the last fiscal year, according to preliminary estimates by the Department of Customs. It is 12 percent more than Rs 716.38 billion of the preceding year.
Export, however, is unchanged from Rs 89 billion of last year. Import was Rs 601 billion and export Rs 77 billion in the fiscal year 2069/70, Rs...
KATHMANDU, June 29
Promoter Nepal Bank is preparing to sell all 51 percent of its shares in Nepal Insurance Company to improve the bank’s financial health.
Nepal Insurance Company, established with the government-owned bank as the main investor, is a non-life insurance company. Chief Executive Officer (CEO) of the bank Devendra Pratap Shah said the shares are being sold to a...
KATHMANDU, July 1
Pashupati Murarka is set to become the 17th president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI). His election for the remaining 21-month term has been confirmed after the third candidate Bhawani Rana also announced withdrawal of her candidacy on Wednesday following that by Bhaskar Raj Rajkarnikar in favor of Murarka on Tuesday.
KATHMANDU, July 28
Accountants of the Nepal Police across the country, who have been posted at the accounts section for a long time by pleasing the power centers and senior officials, will be transferred at once. Inspector General of Police (IGP) Upendra Kanta Aryal has transferred accountants (inspector level) posted at regional, zonal and district offices, training centers, b...
KATHMANDU, July 19 : The Ministry of Information and Communications (MOIC) has proposed to the Finance Ministry for a four-month extension as work on the information highway under the South Asian Sub-regional Economic Cooperation (SASEC) has not been completed. It has also demanded another Rs 20 million to complete the remaining work. The deadline for SASAEC expired on July 15.
The Finance Mini...
KATHMANDU, July 28
Foreign employment agencies will get to charge fee as per the previous practice from over 300,000 Nepalis despite enforcement of the provision of free visa and air ticket in six Gulf states and Malaysia.
The agencies that had received work permit on demand letter before July 6 when the provision of zero cost was enforced will get to charge money from the wo...
KATHMANDU, July 30
The Development Committee of the parliament has instructed the government to only construct Kathmandu-Tarai Fast Track, listed as a national pride project, in a way that serves national interest.
The committee held discussion with Minister for Physical Infrastructure and Transport Bimalendra Nidhi, secretary Tulsi Sitaula, Vice Chairman of the National Planning Commission ...
ATHENS, July 6
Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt and deepening a standoff with lenders.
Stunned European leaders called a summit for Tuesday to discuss their next move after the surprisingly strong victory by the 'No' camp defied opinion polls that ha...