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FDI commitment rises by 83%
Indian grant for Nepal reduced
Shikhar to issue FPO at premium of Rs 550
No of tourists in Annapurna Circuit falls
Need for statistical uniformity

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No of tourists in Annapurna Circuit falls

CHHABILAL BAGALE MANANG, Feb 28 The Annapurna Circuit, that used to be overcrowded with domestic and foreign tourists earlier, is not as vibrant now. The area is losing tourists every year due to construction of roads at different parts and natural calamities in the mountainous regions. A total of 21,207 foreign tourists had trekked on the circuit through Lamjung and Manang in 2013 but it...

Khadka appointed NOC MD

KATHMANDU, Jan 26 The government has appointed Gopal Bahadur Khadka as the managing director (MD) of Nepal Oil Corpor...

Indian grant for Nepal reduced

LOK BAHADUR CHAPAGAI KATHMANDU, Feb 28 India has cut grant to be provided to Nepal in the fiscal year 2015/16 apparently due to failure of Nepal to spend the grant received. India has announced grant assistance of Rs 6.72 billion (IRs 4.20 billion) in the current fiscal year. The union budget presented by Union Finance Minister Arun Jaitley in 2015/16 mentions the amount will be provided ...

FDI commitment rises by 83%

NEERU ARYAL KATHMANDU, Feb 28 Enthusiasm of foreign investors to invest in Nepal has increased after the second Constituent Assembly (CA) election. Investment commitment by foreigners has increased in the year after CA election by 83 percent in hope of political stability. Foreign direct investment (FDI) commitment for Rs 44.97 billion has been received in 2014, according to the Departmen...

Govt to bring PPP policy

KATHMANDU, Feb 5 The government is preparing to bring public private partnership (PPP) policy with an aim of includin...

Shikhar to issue FPO at premium of Rs 550

BHUWAN POUDEL KATHMANDU, Feb 28 Shikhar Insurance Company will issue further public offering (FPO) at a premium rate of Rs 550 each. Those buying the company’s FPO will have to invest Rs 650 including the Rs 100 for paid-up capital. The company will also amend the Article of Association and Bylaw to issue FPO to increase paid-up capital and net worth. It will be the first insurance compan...

Merger of BOK aborted

BISHNU BELBASE KATHMANDU, Jan 26 The scheduled merger of Bank of Kathmandu (BOK), International Leasing and Financ...

Govt banks cut staffers

BISHNU BELBASE KATHMANDU, Jan 12 Government-owned banks have started to cut down staffers after impact on profit. ...

Big projects use imported cement in lack of lab

NEERU ARYAL KATHMANDU, Feb 17 Imported cement is being used in big projects in Nepal in lack of expansion of capacity of government laboratory. The projects are forced to use foreign cement despite the domestic cement factories claiming that they produce cement of high quality like imported cement as the government laboratory cannot certify the quality of domestic cement. The government l...

School leases 900 ropanis at Rs 161 per ropani

TANKA KHADKA SINDHUPALCHOWK, Feb 18 Ainselukharka Higher Secondary School at Bandegaun has leased around 900 ropanis of land for peanuts. Locals are preparing to protest after the school leased its land at Nawalpur-8 at Rs 161 per ropani for 49 years even though prevailing rate in this area is Rs 1,000 to Rs 1,500 per ropani. Locals are irate that the school has unilaterally leased the la...

Weak investigation by CIAA

JAGANNATH DULAL KATHMANDU, Jan 27 Investigations by the Commission for Investigation of Abuse of Authority (CIAA) ...

One-month ultimatum to UTL for unified license

SARASWOTI DHAKAL KATHMANDU, Feb 22 The Nepal Telecommunications Authority (NTA) has issued a one-month ultimatum to United Telecom Limited (UTL) to acquire unified license. Writing a letter to UTL on Sunday, the NTA has said that it will not be able to provide the frequency allotted for unified license for UTL if the company does not receive unified license by March 24. UTL has not been a...

ISPs cheat internet users

KATHMANDU, Nov 6 Customers have been suffering in lack of quality service even though internet service providers (IS...

9,000 complaints by Nepalis in Korea

NIKUNJA TIWARI SEOUL (SOUTH KOREA), Feb 26 Thousands of complaints by Nepali workers are registered with the EPS Worker Consultation Center under the Human Resources Department (HRD) at Ansan, South Korea with over 9,000 registered in 2014. Complaints related to grievances of migrant workers with Korean employers about work, wage, perks and benefits and other issues are registered at the ...

Initiative to compensate those affected by Koshi Barrage

BABURAM KHADKA KATHMANDU, Feb 25 The government has started initiative to compensate for land and crops lost while constructing old Koshi Barrage after the locals agreed to allow study for the Koshi High Dam Project if their demands are addressed. The government has started process to provide compensation through the Indian Embassy in Kathmandu. “We are writing to the Indian Embassy to pr...

Comet lander ends up in cliff shadow

BERLIN (AP), Nov 13 Europe''s comet lander Philae has come to rest in the shadow of a cliff, posing a potential problem for its solar panels, scientists said Thursday as they published the first image ever taken from the surface of a comet. The photo shows a rocky terrain, with one of the lander''s three feet in the corner of the frame. It is part of a slew of data that Philae is transmittin...

Epaper

Market’s Data

Index Current Points Change % of +-
NEPSE 970.62 0.15 0.02%
Sensitive 205.85 0.01 0%
Float 67.63 0.02 0.03%
Sen. Float 55.93 0 0 %
Banking 845.04 0.21 0.02%
Hotels 2031.59 7.85 0.39%
Dev.Bank 811.06 2.48 0.31%
HydroPower 2219.86 11.99 0.54%
Finance 532.67 0.11 0.02%
Insurance 4272.10 4.84 0.11%
Manu.& Pro. 1455.15 5.19 0.36%
Others 737.80 2.35 0.32%
Total Traded Amount Rs: 177068682 0 %
Total Traded Shares: 463217 0 %
Total Transactions: 1894 0 %
Currency Unit Purchase Sale
Indian Rupee
100
160
160.15
US Dollar
1
98.85
99.45
AUS Dollar
1
77.91
78.38
EURO
1
112.18
112.86
Pound Sterling
1
153.23
154.16
Japani Yen
10
8.32
8.37
Chinese Yuyan
1
15.79
15.89
Singapore Dollar
1
72.95
73.40
Hongkong Dollar 1 12.75 -
HALLMARK GOLD 51700/per tola
TEJABI GOLD 51450/per tola
SILVER 700/per tola
Petrol(MS)
NRs 109.00/L
Diesel(HSD)
NRs 86.50/L
Kerosene(SKO)
NRs 86.50/L
Aviation Turbine Fuel
NRs 133.00/L(Duty Paid)
Aviation Turbine Fuel(Jet A-1)
USD 1400.00/KL(Bonded)
LP Gas NRs 1470.00/cyl

Seven expectations from 2070

Nepal is gradually corroding in political, economic, social sectors. Every year comes with new energy and vigor but ends with disappointing and failure.

Opinion

Need for statistical uniformity

Comments by a few economists that the current figure of Nepal’s gross domestic product (GDP) does not depict the real picture have raised a few serious questions. The Central Bureau of Statistics (CBS) prepares national data. Opinion

Karobar TV

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