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  • FNCCI Nuwakot submits memo to Minister KC

    March 13, 2017: The Federation of Nepalese Chambers of Commerce and Industry Nuwakot chapter today has submitted a memorandum to Minister for Urban Development Arjun Narshing KC to set up a special economic zone (SEZ) in the district. The FNCCI Nuwakot chapter chair Tara Bahadur Karki has shared that they submitted the memo aimed at developing the zone as per the government’s commitment to develop SEZ in various districts including Nuwakot. It may be noted that the government had...

    Nepali businesspersons based in India to invest Rs 1 billion in Nepal

    March 5, 2017: Nepali businesspersons in India have showed their interest to invest in Nepal in various sectors. As part of their plan, they informed that a well-equipped resort at Bardiya National Park would be built at the cost of Rs 1 billion under the Federation Everest Chamber of Commerce and Industries (FECCI). The information was shared at a press conference organised in the Capital today by the FECCI. The FECCI representatives were in the Capital to take part...

    AIIB president calls on Mahara

    March 2, 2017: Asian Infrastructure Investment Bank (AIIB) president Jin Liqun paid a courtesy call on Deputy Prime Minister and Minister for Finance, Krishna Bahadur Mahara, at the Finance Ministry this afternoon. In the meeting, DPM Maharajah urged him to promote Indian invest in the big projects that Nepal is seeking to undertake. According to Ministry sources, in response to Mahara, the AIIB president said that the Bank was ready to invest in big projects proposed by Nepal and...

    Nepal Investment Summit-2017 kicks off

    March 2, 2017: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has said it is inevitable to bring in foreign direct investment for the country’s economic development and all were unequivocal on this. Inaugurating the Nepal Investment Summit-2017 in the capital today, he asserted that the government was putting in every possible effort for creating environment conducive to foreign investment. The Prime Minister said that peace and prosperity complemented each other and that the Summit has been organised to promote Nepal...

    Birat Expo starts tomorrow

    Feb 21, 2017: The Chamber of Industries Morang is all set to kick off the Birat Expo – 2073 on Wednesday. Prime Minister Pushpa Kamal Dahal will be inaugurating the exhibition, Chamber’s Chairman Mukesh Upadhyaya shared. The industrial fair will showcase industrial products, agricultural products, herbs, agricultural tools, information and technology, alternate energy sources, automobiles and parts, handicraft items, electronic gadgets, domestic tools and drinks through a total of 254 stalls. An employment fair will also be held during...

    Number of tourist increased in Annapurna trail

    Number of tourist increased in the off season for Annapurna trail trekking this year. Previously in off-season only few tourists arrive for trekking. The increase of tourist in the area is due to warmer weather. Annapurna Conservation Area Project (ACAP) informed more than thousand tourists arrived through Lamjung. September, November and February is taken as good time to trek in Annapurna circuit. Increase in domestic tourist also helped in the increase of the tourist in the area. Lamjung is taken...

    LPG price hike by Rs 25 per cylinder

    KATHMANDU: Nepal Oil Corporation has increased the price of liquefied petroleum gas by Rs 25 per cylinder effective from Thursday midnight. Following the adjustment, LPG will cost Rs 1,350 per cylinder. “Indian Oil Corporation has raised its price for Nepal for February,” said Bhanubhakta Khanal, spokesperson for NOC, adding that increased prices of petroleum products in recent months have increased NOC’s losses. According to Khanal, NOC will face a loss of Rs 162.91 on the sale of each LPG cylinder...

    Nepal’s PM Prachanda in the mood to announce election date on Tuesday

      Nepal’s Prime Minister Pushpa Kamal Dahal ‘Prachanda’ is in the mood to announce dates for local elections on Tuesday, sources close to the PMO say. Dahal, who has in his words “caught between two khukuris” due to pressure from the Madheshi Morcha and the UML, will hold consultations with major political forces on Monday, and announce dates for election to villages and municipalities, sources tell Onlinekhabar. Dahal became Prime Minister in August 2016 after his party UCPN-Maoist pulled...

    Japanese grant assistance for TUTH reforms, food security

    KATHMANDU: The Japan International Cooperation Agency (JICA) has agreed to provide a grant assistance of around Rs 1.013 billion (Japanese Yen 1.104 billion) to the government. A grant aid of approximately Rs 692 million (Japanese Yen 754 million) pledged by JICA is meant to be used for the Project for Improvement of Medical Equipment (PIME) at the Tribhuvan University Teaching Hospital (TUTH) while another portion of the aid of around Rs 321 million (Yen 350 million) is under the...

    China to provide Rs 15.7bn assistance

    Kathmandu, December 29 China has agreed to provide grant assistance of Rs 15.7 billion (one billion yuan) to Nepal for the implementation of three key infrastructure projects. The financial support will be used for the repair and improvement of Syaphrubesi-Rasuwagadhi Highway; upgradation and renovation of Civil Service Hospital, and other post-disaster reconstruction projects as agreed upon between the two sides earlier. The Embassy of Nepal in China has said in a statement that the projects aim to improve the...

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