Pre-investment summit receives encouraging response in Beijing

Beijing, Feb 26 : In its attempt to lure more Chinese investors and enterprises in Nepal as well as to prod the Chinese investing firms for their participation in the upcoming Nepal Investment Summit scheduled next month, the Embassy of Nepal in Beijing organised a pre-summit conference on Nepal Investment Summit on Monday. In the pre-summit, Chief Executive Officer (CEO) of Investment Board of Nepal Maha Prasad Adhikari, Ambassador of Nepal to China Leela Mani Paudyal and Nepal’s Deputy...

Nepal will seek funds for over two dozen projects in investment summit

Kathmandu, February 21 The Investment Board Nepal says it is preparing proposals for over two dozen big projects that the government will pitch in front of potential donors and investors during the investment summit. The government is planning to host the summit in Kathmandu next month in its fresh bid to attract more foreign direct investment so as to boost economic development in the country. The Board’s spokesperson Uttam Bhakta Wagle says the investments will be sought for projects...

Lawmaker demands ban on marijuana

Kathmandu,Feb 21:A lawmaker of the ruling Nepal Communist Party has demanded that the government remove the ban imposed on cultivation, trade and consumption of marijuana. Speaking at the House of Representatives meeting on Wednesday, Birodh Khatiwada said the government could earn a lot as many developed countries including the United States, Canada and Thailand have been selling marijuana legally, Abhiyan reports in a brief story.

Electronic cargo tracking system brought to implementation

Parsa, Feb. 15 (RSS): The Electronic Cargo Tracking System (ECTS) for goods being supplied from sea port in Kolkata to Nepal by rail was brought into force from today, the officials said. Deputy Chairman of Kolkata Port Trust Balji Arun Kumar said that the electronic cargo tracking for Nepal bound containers has started. According to Kumar, both the time and money of the suppliers would be saved with the inception of ECTS adding that it would reduce the procedural hassles...

President stresses export promotion to reduce trade deficit

Kathmandu, February 14 President Bidya Devi Bhandari has stressed the promotion of export in the country in the wake of the ballooning trade deficit. President Bhandari said so while inaugurating the Nepal Entrepreneurship Summit 2019 jointly organised by the Confederation of Nepalese Industries (CNI), Ministry of Commerce, Industry and Supplies and Ministry of Finance here today. President Bhandari underscored encouraging youth for developing entrepreneurship, creating conducive environment for investment, institutionalising the government services and putting in place vocational training...

NEA Reduces Electricity Loss To 15.45 Percent In Five Months

Kathmandu,Feb 06:After his appointment of Managing Director of Nepal Electricity Authority (NEA), the first announcement Kul Man Ghising made was to reduce the high electricity loss. Two years ago, the electricity loss was 25.78 percent, With various steps taken by MD Ghising, the loss has come down to 15.45 percent now. Last year, it was 18. 5 percent. As NEA MD Ghising took several steps including campaign against electricity theft, strict direction for collection of due among, installation of...

Nepal has moved towards digitisation and e-governance:PM

Kathmandu, January 31 Prime Minister KP Sharma Oli has said that the country has already moved ahead towards digital Nepal, e-governance and paperless technology. Inaugurating the High Definition (HD) broadcasting of four channels of Nepal Television on the occasion of 34th anniversary of the state run TV station today, Prime Minister said that agriculture, industry, tourism, infrastructure development, energy, education and health sectors of Nepal would be modernised. The Prime Minister said, “Nepal has been moving one step ahead...

Kathmandu, Pokhara and Sauraha restaurants remove 10% service charge

Kathmandu, January 29 Restaurants in Kathmandu, Pokhara and Sauraha–three popular tourist destinations of the country–have decided to remove 10 per cent service charge from their customers’ bills. A meeting of representatives of restaurateurs held in Kathmandu on Monday made the decision. The Restaurant and Bar Association Nepal (REBAN) had taken an initiative for the meeting. The decision, however, will not be implemented at all restaurants and bars at once immediately, according to the organisation. REBAN says the decision will...

PM seeks international community’s help to make investment conference successful

Zurich (Switzerland), Jan 25 : Prime Minister KP Sharma Oli who is presently in Switzerland in course of attending the World Economic Forum’s annual meeting- 2019 has called on the international community to help make the ‘Investment Conference’ Nepal is hosting on March 29-30 successful. The Prime Minister was speaking at a reception organized in his honour by the Geneva-based Nepal’s Permanent Mission to the UN. He called on Nepali diaspora to be clear that Nepal was moving towards a positive...

88,000 trees to be chopped down for Nepal-India petroleum pipeline

Birgunj, January 24 More than 88,000 trees are likely to be chopped down for the construction of the Nepal-India petroleum pipeline. Government officials have informed that total 88,163 trees will be cut down between Amalekhgunj and Pathalaiya of Bara district, in the forest area protected by Parsa National Park. The Ministry of Forest and Environment says a Cabinet meeting held last week approved the Ministry’s request to fell the trees. The Cabinet has assigned Timber Corporation of Nepal to...

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