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  • Chinese govt to provide $1 million as emergency fund

    KATHMANDU, Aug 15: Chinese government has announced a donation of one million US dollar as emergency fund, expressing its sadness over loss of lives and properties in the floods and landslides in Nepal. Vice-Premier of State Council of the People’s Republic of China Wang Yang made such announcement during the Nepal-China Deputy Prime Minister-level meeting which started from today. Deputy Prime Minister Bijay Kumar Gachchhadar is representing Nepal in the bilateral meeting. Another Deputy Prime Minister Krishna Bahadur Mahara,...

    Free SMS services in flood-hit areas

    Aug 14, 2017- SMS services have been made free in flood-affected areas, according to Mahendra Bahadur Gurung, Secretary at Ministry of Information and Communication. According to secretary Gurung, a provision to make SMS services free of cost by all telecom service providers has come into effect in view of current crisis of floods and landslides across the country.   However, the free SMS service will be effective only outside Kathmandu, read a tweet posted by Gurung.  

    Chinese vice-premier arrives today

    Aug 14, 2017- Nepal and China will sign some deals related to reconstruction and investment on infrastructure, among others, during the visit of Wang Yang, vice-premier of the State Council of the People’s Republic of China. Wang is arriving in Kathmandu on an official visit on Monday evening. The visit is taking place at a time when India and China are locked in a dispute over the Doklam tri-junction and when Prime Minister Sher Bahadur Deuba is leaving for...

    Nepse slips marginally at 0.42pc

    Aug 13, 2017- Nepal Stock Exchange (Nepse) fell 7.05 points to close at 1,653.53 points last week, with banks reluctant to reduce interest rate for loan against shares. The secondary market that opened at 1,660.58 points on Sunday gained 4.47 points to close at 1,665.05 points. On Monday, the market inclined 2.89 points to close at 1,667.94 points. After the public holiday on Tuesday, the market plunged 6.22 points and 8.19 points on Wednesday and Thursday respectively. As a result,...

    Power Exchange Committee meeting: Electricity imported from India is cheaper now

    Kathmandu, August 10 The price of electricity being imported from India has come down slightly after a meeting of the bilateral Power Exchange Committee. Earlier, the price had been increasing every year at the rate of 5.5 per cent since 2011 as mentioned in an agreement between the two countries. They had also agreed to hold a meeting of the Exchange Committee every year. Though the meeting did not take place after that, the price continued to increase. Accordingly,...

    Petrol pump operators launch strike

    August 10, 2017 Operators of petrol stations across the country have launched a strike putting forth various demands and they will not collect petrol and diesel from Nepal Oil Corporation today, reports the lead story in The Himalayan Times. Further, they have warned to halt the sale of petroleum products from Sunday, the report says, adding the protest was launched after the NOC was reluctant to increase loss compensation to dealers during the fuel transportation. It quotes President of Nepal...

    Telecom wants to use Dharahara for commercial purpose for 30 years after reconstruction

    Kathmandu, August 9 Nepal Telecom says it wants to manage the historic Dharahara for commercial purpose for the first 30 years after its reconstruction. The nine-storey historic tower built by Prime Minister Bhimsen Thapa in early 19th century had collapsed during the magnitude-7.6 earthquake on April 25, 2015. The telecommunication company has proposed to rebuild the historic structure at an investment of Rs eight billion and operate it for commercial purpose for next 30 years so as to recover...

    Number of five-star hotels in Nepal to double in next two years

    Kathmandu, 7 August The number of five-star hotels in Nepal is likely to double in next two years as the investment in hospitality sector is promisingly increasing. Currently, there are 10 five-star hotels across the country and new hotels in the same number are being established within next couple of years. The Hotel Association of Nepal (HAN) says Rs 27.05 billion is being invested in these under-construction projects. Three of these hotels will be established in Kathmandu, one in...

    Fear of load shedding in winter is valid, says Kulman Ghising

    Kathmandu, August 7 Nepal Electricity Authority’s Managing Director Kulman Ghising says people’s doubts and suspicions if the regular power outage will recur in the upcoming winter are valid as the Authority could not implement its multiple plans to avoid the crisis. He says the Authority’s attempts to increase production and decrease demand and consumption failed owing to lack of cooperation from various sectors and stakeholders, therefore the state-owned power monopoly may not be able to meet the demand during...

    Nepse gains steam, up 14.05

    Aug 6, 2017- Nepal Stock Exchange (Nepse) rose 14.05 points to close at 1,660.58 points last week, as banks started reducing the lending rate and most of the listed companies posted good financial report, increasing investor confidence. The secondary market that opened at 1,646.53 points on Sunday, declined 3.25 points to close at 1,643.28 points. On Monday, the market gained 9.41 points to close at 1,652.69. The market followed an upward trend on Tuesday and Wednesday, gaining 7.56 points...

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