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  • NEPSE CEO warns of moving court if govt fires him

    NEPSE CEO Chandra Singh Saud   Kathmandu, July 6 : Chief Executive Officer of Nepal Stock Exchange (NEPSE), Chandra Singh Saud, has warned of moving the court if the government fires him. The government has recently decided to scrap all the appointments made by the Sher Bahadur Deuba-led government since August 30, 2017 stating that they were against the election code of conduct. But, Saud claims that his appointment is not political, therefore the decision does not affect him....

    Nepal signing energy cooperation agreement with Bangladesh

      Kathmandu, July 4 :  The government of Nepal is preparing to sign an energy cooperation agreement with the government of Bangladesh in its bid to attract more foreign investment and expand hydropower market. The Ministry of Energy, Water Resources and Irrigation has already sent a letter to the Bangladeshi counterpart to decide a date for the agreement. Likewise, the Cabinet has also endorsed the decision for the agreement. The two countries have also exchanged the draft. The Ministry’s...

    Nepali rupee being exchanged at all-time low rate

    Kathmandu,June 29:A snippet in The Himalayan Times reports that continuous depreciation of Indian rupee vis-à-vis the United States dollar has hit the Nepali rupee too, this time dragging it to an all-time low of 110.37. Quoting sources at the Nepal Rastra Bank, the report informs that the value of Nepali rupee has been gradually sliding against the US dollar since mid-April.

    Nepali ‘sausage vine’ is famous in UK, yet remains unknown in Nepal

    Kathmandu,June 28: The sausage vine plant, a huge hit among gardeners in the United Kingdom (U.K.), originates from the jungles of Nepal, yet it remains in relative obscurity there due to lack of awareness and proper promotion. Nepali and Indian botanists are now trying to shed some light on the aromatic but long-forgotten sausage vine through research and advocacy. Nepal boasts botanical records of 6,000 species of flowering plants (about four times as many as the U.K.), and botanical experts anticipate that...

    Bharatpur City announces budget of Rs 3.34 billion

    The second council meeting of Bharatpur Metropolitan City, on Sunday, June 24, 2018.   Kathmandu, June 24 : The Bharatpur Metropolitan City has brought a budget of Rs 3.34 billion for the next fiscal year 2018/19 on Sunday. Rs 1.705 billion has been allocated for recurrent expenditure and Rs 1.62 billion has been allocated for the capital expenditure. Rs 45 million has been allocated for economic development, Rs 590 million for infrastructure and urban development, Rs 120 million for...

    Govt starts imposing 13 per cent ‘telecommunications fee’ on internet service

      Kathmandu, June 8 : For the first time ever, the government has started imposing 13 per cent telecommunications charge on the use of internet service from this year. The charge of 11 per cent that was only enforced on telephone service suppliers has now increased to 13 per cent.  The government has also decided to enforce the same percentage on internet suppliers as well. According to World Link Communication Owner Bijay Jalan, the new rule will increase the...

    Market monitors destroy date-expired goods at Prithvi Highway eateries

    Market monitors at an eatery by Prithvi Highway, on Tuesday, June 5, 2018.   Kathmandu, June 5: The District Market Monitoring Committee in Dhading has launched a market monitoring, targeting eateries and restaurants by Prithvi Highway in the district. During a surprise supervision held on Monday, shops in Benighat Rorang Rural Municipality area were found supplying goods even after their expiry dates, according to Assistant Chief District Officer Dholak Raj Dhakal. A large quantity of expired foods including noodles,...

    RBB sets up branch office in rural municipality

    Kathmandu, June 3 : The Rastriya Banijya Bank (RBB) has established a branch office at Arjunchaupari rural municipality in Syangja. The bank established in 1982 shifted to the Syangja’s district headquarters in 1999 due to dispute. Communications and Information Technology Secretary, Mahendra Man Gurung, on Saturday inaugurated the bank’s 190th branch office. On the occasion, Secretary Gurung stressed on need to effectively forward the services and facilities provided by the bank to win the hearts of the service recipients....

    NATTA welcomes budget for fiscal year 2018/19

      Kathmandu, June 3 :  Nepal Association of Tour and Travel Agents (NATTA) has welcomed the budget of the fiscal year 2018/19 unveiled by the government. The NATTA has praised the government target to achieve 8 percent of economic growth in the coming fiscal year, promoting internal and external tourism in partnership with province and local levels, identifying 100 new tourist destinations and developing and promoting them, and conducting tourism programmes by targeting India and China, Issuing a press release....

    Rs 24.55b is tourism budget for fiscal year 2018/2019

    Kathmandu, June 01: The government has allocated Rs 24.55 billion for the development and promotion of tourism sector for the fiscal year 2018/2019.   The budget also set a target to make mountaineering safer and systematic and the government has allocated Rs 5.20 billion for the development and promotion of tourism sector. The government has allocated Rs 19.35 billion for the development of aviation sector. Initiating construction of Nijgadh Airport, starting the service after concluding the construction works of under...

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