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...

Australian wine becoming more alcoholic due to global warming: experts

CANBERRA, Nov. 22 (Xinhua) — The alcohol content of Australian wine is on the rise as a result of climate change, according to experts. Rob Geddes, one of Australia’s leading Masters of Wine (MW), said that grapes being grown for wine are being harvested earlier every year because of hotter, drier conditions, resulting in riper wines with higher alcohol content. “The climate change issue is one of sudden heat spikes as well as continuing heat and high temperatures and...

Govt assures reopening of Tatopani border point by May next year

Kathmandu, November 21 The government says the Tatopani border point between Nepal and China, which has been closed after the 2015 earthquake, will be open for trade activities by May next year. The Ministry of Physical Infrastructure and Transport says it will repair the road connecting Kathmandu to the border point. The road was severely damaged by the earthquake. The Department of Roads is preparing to call for tenders to repair the road. It has been learned that the...

Govt planning to increase banana import tax, says Minister

Kathmandu, November 20 Minister for Agriculture and Livestock Development Chakrapani Khanal has shared that the government is working to increase import taxes in banana so as to lessen its import from India. He also added that the rate and ratio of increasing the tax was under discussions with the Minister for Finance. Minister Khanal further said that they were planning to impose import tax in banana like ghee products. The government is collecting five per cent tax in importing...

Nepali, Chinese officials to discuss railway funding modality

Kathmandu,Nov 20:Nepal and China have scheduled a meeting of their officials next month in order to discuss funding modality and detailed project report for a cross-border railway project they want to establish, The Kathmandu Post reports in its anchor story. Officials from both the sides are busy preparing the agenda for the meeting, the report quotes Department of Railways officials to say.

Rs 180 million allocated for prez’s new car

Kathmandu,Nov 18:Annapurna Post reports that the government has allocated Rs 180 million to procure a set of vehicles to be used by President Bidya Devi Bhandari. The report says that the government recently released Rs 140 million to the army to procure the vehicles in addition to the Rs 40 million it had released last year.

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