ADBL to offer 51% shares to strategic partner

The government is preparing to sell 51 percent shares of the Agricultural Development Bank Limited (ADBL) to a foreign strategic…

Rs 120 b for laying Bara-Nawalparasi railway line

The detailed project report (DPR) prepared by the Korean consultant has put the cost of laying 127-kilometer railway line from…

Quality of NT services deteriorates further

Standard of GSM (mobile) service of the Nepal Telecom (NT) has deteriorated further following protests by the staffers against appointment…

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Anarchy of businessmen

The private sector got an opportunity to flourish in Nepal after the country embraced free market economy in 1990. The principle of free market economy stresses that the private sector does all the works while the government merely plays a facilitatory role. The government focuses on establishing a legal system…

Resolution of problem of compensation

Physical infrastructure is considered the backbone for economic development of any country. Infrastructure development, in other words, is also a barometer of economic growth. The foundation for economic development was laid in Nepal with the construction of East West Highway in 1965. The highway constructed with Indian assistance did not…

Hopes in tourism sector

The government has identified energy, agriculture, and tourism as the three main sectors to lift the country’s economy. There is no two ways about the fact that Nepal can achieve the targeted development through proportional development of these three sectors. But unfortunately Nepal has not been able to generate even…

PDA for Upper Karnali and foreign investment

Domestic market and investment are always prioritized while talking about potential of hydropower development in Nepal. The current peak demand of Nepal is 1176 MW and it is projected to rise to 1700 MW within the next five years while total generation will rise to 2500 MW during the monsoon…

Control of hawala

Foreign employment that was compulsion for the youths in the midst of the armed conflict has now become choice of the youths and compulsion for the economy. A total of 500,000 individuals took work permit for foreign employment in the fiscal year 2070/71, according to the Nepal Rastra Bank (NRB).…
Govt to acquire land amicably

The government is set to implement development projects only after guaranteeing livelihood of the citizens at a time when there has been delay in public construction due to dispute about land acquisition. 

NPC to be restructured

The government is set to restructure the National Planning Commission (NPC) in a way to address federalism.

Electricity tariff hiked by 13.7 percent

The Electricity Tariff Fixation Commission (ETFC) has raised tariff by 13.7 percent on an average to be effective from mid-September.

Electricity tariff to rise by up to 17 percent

The Electricity Tariff Fixation Commission (ETFC) has prepared to raise tariff by up to 17 percent on an average on the basis of consumption.

Nalsing Gad selects blacklisted companies

Nalsing Gad Hydropower Project Development Committee has selected two foreign companies blacklisted by the World Bank (WB) to take part in the bidding process for detailed engineering design for the project.