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Editorial

Recommendation for a powerful central bank

Banks and financial institutions started to open in Nepal after financial liberalization in 1985. A few banks were opened at first with foreign investment before domestic investors started to invest in new banks and financial institutions. Bankers contend that unhealthy competition in the sector started to rise with entrepreneurs investing…

Revive poultry sector

Production of chicken, driven by demand, has been growing by almost 10 percent every year. The urban people and even those living in remote places can now eat meat whenever they wish to due to the rise in production and expansion of market. This has been possible due to leadership…

Stop irregularities at local level

The local bodies in Nepal have been without elected representatives for over 12 years. The local bodies have not been able to get political leadership after term of the representatives elected in 1997 expired five years later. Though the then king Gyanendra held local election two years later after assuming…

Constitution and development

Seeing the present activities of the Constituent Assembly (CA) people fear whether the political parties, who promised to bring new constitution within a year in the election manifesto, will even begin to start drafting it in a year. It is natural for the people to be skeptic of leaders, who…

IFC investment in electricity

The state of hydroelectricity development in Nepal is very weak. Only 756 MW has been added to the national grid in 100 years of hydropower development and 21 years of entry of private sector while the current peak demand has already reached 100 MW. National transmission line has touched 59…

Corporate

Signs of private sector unity

The fear that the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) election may further polarize the private sector has ended with newly elected President Pradeep Jung Pandey already…

How Pandey won?
Mixed results in FNCCI
KMC to cut services to hotels not paying tax
FNCCI on verge of generation change
Trade Tower padlocked for not paying tax
90 percent of textile factories closed
Sale of vehicles encouraging despite price hike
Dispute in appointing CEO of BPC
33 DDCs spend Rs 64.50 m on allowances

Thirty-three district development committees (DDC) last year have been found to have distributed allowances totaling Rs 64.50 million violating government instructions.

Soft loan sought for West Seti transmission line

Nepal has sought soft loan from the Chinese government to construct transmission line to transfer electricity generated from the reservoir based West Seti Hydropower Project (750 MW) to distribution centers.

TBI Holdings to invest Rs 1 b in Tunnel Highway

TBI Holdings Company Limited, Japan has procured shares worth Rs 1 billion of promoter of Kathmandu-Kulekhani-Hetauda Tunnel Highway, Nepal Purbadhar Bikash Company Limited (NPBCL).

Valley to be transformed in five years

The face of Kathmandu Valley will be transformed in the next five years if works are completed as per the government’s targets.

2.72 m passengers use Sajha in 11 months

 A total of 2.72 million passengers have travelled with Sajha Yatayat, that resumed service with new buses, in 11 months. It has earned Rs 39.80 million in the period.