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  • Three held with two kg ‘fake gold’ from Kathmandu

    Kathmandu, July 20 Police in Kathmandu say they have arrested three persons in possession of two kilograms of fake hold from the capital recently. Acting on a tipoff, the Metropolitan Police Range in the district made the arrest, according to sources. Law enforcers are organising a press conference in Kathmandu this afternoon to make the suspects public and to share detailed information about the incident.

    Experts criticise new Insurance Bill

    Kathmandu, July 16 Experts have criticised the new Insurance Bill that Finance Minister Yubaraj Khatiwada recently registered in Federal Parliament. They say the new bill is not much different from existing act and it does not address demands of the contemporary time. Insurance expert Rabindra Ghimire says the proposed composition and formation process of the country’s insurance regulatory body are faulty as the bill says government officials, not experts and professionals, will have decisive roles in the authority’s board....

    Transport syndicates’ monopoly not to end immediately in practice

    Kathmandu, July 15 Owing to the government’s inability to effectively implement its decision, the monopoly of entrepreneur committees’ in the public transport sector is unlikely to end anytime soon. A couple of months ago, the government had decided to stop renewing and registering such committees from the next fiscal year, which is beginning this Tuesday. It had also decided to suspend bank accounts of such committees. However, the government has now withdrawn from its stance and is preparing to...

    Dahal urges World Bank to invest in Nepal’s priority areas

    Nepal Communist Party Chairman Pushpa Kamal Dahal meets World Bank’s Country Manager Faris Hadad-Zervos, in Lalitpur, on Thursday, July 12, 2018.   Kathmandu, July 12 :  Nepal Communist Party Chairperson Pushpa Kamal Dahal has urged World Bank representatives to consider investment in Nepal’s highly prioritised sectors, stating that Nepal has already paved its path towards economic prosperity. Dahal said so during a meeting with the World Bank’s Country Manager Faris Hadad-Zervos at his residence in Lalitpur today. According to...

    New monetary policy today

    Kathmandu, July 11 Nepal Rastra Bank (NRB), the central bank, is launching the new monetary policy later in the afternoon today. The new monetary policy will include a solid base for materialising the objectives set out in the budget for fiscal year 2018/19, NRB spokesperson Narayan Paudel said. The Bank is making public the monetary policy for the fiscal year 2018/19 based on an analysis of the budgetary allocations, the current fiscal situation and the positive and negative conditions...

    Janakpur-Jainagar railway to resume operation

    Kathmandu, July 11 The Janakpur-Jainagar railway will come into operation from December this year, claims the government. The government has made an agreement with India to rent coaches to resume the operation of Nepal’s first railway project. A meeting held between officials of Nepal and India reached an agreement on Tuesday to rent the coaches for operation of the railway. According to Spokesperson at Department of Railways, Prakash Bhakta Upadhyaya, the coaches and human resources have to be rented...

    NAC plans to expand its service to promote tourism

    Kathmandu, July 11 : With the arrival of news aircraft’s, Nepal Airlines Corporation (NAC) has planned to expand its service to boost tourism.   NAC brought first wide bodied aircraft on June 28. Within three weeks, there will be another plane of the same size. Two wide bodied and two narrow bodied airplanes would be for international flights and tourism promotion. NAC General Manager Sugat Ratna Kansakar shared the government and tourism entrepreneurs have placed hope on NAC that...

    Central bank likely to make new monetary policy public on Thursday

    File image: Nepal Rastra Bank   Kathmandu, July 8:  The central bank of Nepal says it is preparing to make public the new monetary policy for next fiscal year 2018/19 on Thursday, July 12. The new fiscal year begins on July 18. The draft of monetary policy has already been finalised and the board of directors of Nepal Rastra Bank is reviewing the document currently, according to an NRB source. NRB joint spokesperson Govinda Nagila says the board discussed...

    Province government allocates 980 million rupees for Karnali tourism

    Surkhet, July 08:  Province minister for industry, tourism, forest and environment Nanda Singh Budha has said that the government of Karnali has allocated Rs. 980 million for tourism development in the province.   Speaking at a programme organized by Nepal Tourism Board here Saturday, he said of the total budget Rs. 980 million was allocated for the tourism sector, which accounts for 52 per cent. “Emphasis will be laid on infrastructure development,” he said. The tourism minister also shared...

    Rs 10 million allocated to host Karnali investment conference

    Kathmandu, July 6 : The Karnali Province has allocated budget of around 30 million to the Economic Affairs and Planning Ministry to implement various programmes. Of the budget, Rs 10 million is meant for hosting the provincial-level investment conference with development partners, this is mentioned in the Red Book issued by the province government. Earlier, the Karnali government in its policies and programmes for the upcoming fiscal year announced to organize the conference to attract (possible) investors to the...

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