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  • Economic Cooperation Between Sri Lanka And Nepal

    Kathmandu,Jan 02:The Embassy of Sri Lanka in Nepal together with Nepal- Sri Lanka Chamber of Commerce & Industry organized a Programme on “Promotion of Economic relations between Sri Lanka and Nepal” at the Hotel Radission on Friday, 28th December 2018. Swarna Perera, the Ambassador and Ramesh Maharjan, President of Nepal- Sri Lanka Chamber of Commerce & Industry graced the occasion. The President of Nepal Association of Tour Operators (NATO), President of Nepal Association of Tour & Travel Agents (NATTA)...

    Government to buy 300 electric buses

    Kathmandu, December 28 The government has decided to purchase 300 electric buses to ply in Kathmandu. According to Minister for Information and Communication Gokul Baskota, the decision was made in a cabinet meeting. He also said that the government would be investing its own money while purchasing the buses. He added the electric busses would help control the air pollution in the Valley and also hoped it would help promote the use of electric vehicles in the capital. Baskota...

    Nepal Expects More Chinese Investment In Infrastructure: Global Times

    Kathmandu,Dec 26:Nepal has benefited from China’s economic boom and will pay close attention to China’s investment as relations with its neighboring countries are crucial to Nepal’s overall economic development, said Nishchal N. Pandey, director of the Center for South Asian Studies based in Kathmandu, Nepal. “How to attract Chinese investment is the priority for every new administration of Nepal,” Pandey added. A forum on China-Nepal Business Development was held on December 17 in Beijing, where Nepali Ambassador to China...

    Sikta canal construction faulty: Foreign experts find

    Banke, December 20 Soil scientists from England and Australia have concluded that the embankment built on the western section of the main canal of the Sikta Irrigation Project caved in because ‘weak’ soil used for its construction. The foreign scientists were called in to evaluate the embankment of the main canal, parts of which collapsed when water was released. The experts inspected the main canal from December 11 to 13. “The scientists went to the field and tested the soil samples from...

    We have Rs 3.5b of CMC. There’ll be no financial loss even if it abandons work: Minister Magar

    Kathmandu, Dec 20 The government has claimed that the Melamchi Water Supply Project will be completed in time even if the Italian contractor of Melamchi Water Supply Project Cooperativa Muratori e Cementisti (CMC) di Ravenna were to abandon the project. Minister for Water Supply Bina Magar told the Finance Committee of the parliament on Thursday that the ministry is in dialogue with CMC, which is facing bankruptcy, to ensure that the schedule of the project is not affected despite...

    Rs 49.7 million collects from tourists

    Solukhumbu, Dec 12: The  Khumbu Pasang Lhamu Rural Municipality in Solukhumbu has earned Rs.49.7 million in tourist entry fee in this season . In month-wise breakdown, the rural municipality collected Rs 8 million was collected in September, Rs 26.6 million in October, and Rs 15.1 million in November.  The rural municipality has been charging Rs 2,000per person from foreign tourists since October 2017. A total 24,896 tourists have entered the rural municipality in this season, according to Lakpa Chiri Sherpa, information officer of the rural...

    Finance Minister says Nepal’s economy is ‘fevered’

    Kathmandu, December 11 Minister for Finance Yubaraj Khatiwada says the country’s economy is suffering from fever. The Minister, however, comments that this fever is slight like the one children suffer when they lose their teeth. He says it cannot leave any long term impact. Minister Khatiwada’s statement comes at a time when some share market investors of the country have launched a protest demanding his resignation. They have claimed that the Minister does not understand their value in the...

    Nepal, Bangladesh to form panels for energy cooperation

    Kathmandu,Dec 05: Abhiyan and Karobar report on their front pages that Nepal and Bangladesh have agreed to form two joint committees in order to identify new hydropower projects for investment and study the feasibility of cross-border transmission line. Both the countries have agreed to form the committees within next one month. Each panel includes three members from each side. A meeting of the officials held in Kathmandu made the decision.

    Rs 6.59 billion embezzled in wide body purchase, claims PAC chief

    Kathmandu, November 25 Nepali Congress lawmaker and the chairman of Public Accounts Committee in the House of Representatives, Bharat Kumar Shah, has claimed Rs 6.59 billion has been embezzled in the purchase of two wide body aircraft for the country’s national flag carrier, Nepal Airlines Corporation. Shah presented a five-page document during the Committee’s meeting on Sunday, raising questions against government authorities including the NAC and the Ministry of Culture, Tourism and Civil Aviation. The state spent Rs 24...

    Chinese-Nepali consortium to build Upper Marshyangdi

    Kathmandu,Nov 23:The Kathmandu Post reports that a consortium of Chinese and Nepali companies has bought shares of the 600 MW Upper Marsyangdi hydropower project. Indian company GMR had been holding the license of the project for the last 11 years. The paper reports that the Chinese firms SCIG International, Xingcheng International Investment and QYEC International and Nepali firm Butwal Power Company have bought the shares of the company from GMR for around Rs 3 billion. The Indian firm has applied...

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