NRA launches post-quake grant agreement in districts with minimal impact

Pokhara, April 4: The National Reconstruction Authority (NRA) has launched the grant agreement process in the 17 districts incurring the least impact of the massive earthquake beginning from Kaski’s Annapurna Village Council on Monday. Authority’s Chief Executive Officer, Prof Dr Govinda Pokharel, launched the grant agreement process by handing over a cheque and agreement paper to Bare BK, a local of the same village, amidst a programme. Around 50 villagers from Lumle have received Rs 50,000 each as part...

71 MW power generating in Parbat by upcoming 2 yrs

Parbat, April 3: Parbat district is expected to produce 71 megawatts power in the next two years. The estimated power would be produced from different five projects running in Modikhola and Patikhola. The district now is producing only 25 megawatts power from various projects. Additional 20 megawatts power would be generated from power project constructing in Pardi in the district. The construction works of Modikhola Hydropower has been almost completed and is expected to generate the power in the...

Nepse clamps circuit breaker

Kathmandu, April 2: The Nepal Stock Exchange (NEPSE) index today witnessed a dramatic surge by 79.47 points, prompting the market regulator to apply circuit breaker two times. The NEPSE started from 1587 points and reached 1667. Increasing likelihood to hold local level elections and an improvement in credit crunch are said to be behind the increment. A total 1.67 million shares of the total 134 companies were traded involving a cost of Rs 964 million, said the NEPSE. The...

Nutritious Food Festival kicks off in Bhrikutimandap

Kathmandu, March 31: A two-day Food Festival aimed at raising awareness on healthy and nutritious food has kicked off at Bhrikutimandap from today. Organized by the Department of Food Technology and Quality Control, Agro Enterprise Centre and Nepal Food Scientists and Technologists Association (NEFOSTA), the event will also publicize the locally available nutritious food items. Visitors could also savour the nutritious food items besides buying food items from altogether 82 stalls displaying food items from hill, mountain and Terai...

VP Pun inaugurates Flora Expo

Kathmandu, March 30: Vice President Nanda Bahadur Pun has urged the government to use public lands for productive purpose. While inaugurating the ‘3rd International Flora Expo’ organized in Bhrikutimandap in the capital today, VP Pun opined for promoting and developing ‘flower pocked zone’, aimed at lessening the dependency on importing the flowers and flowery products from foreign lands. Earlier, such kinds of 1st Flower Exhibition was organized in 2001 and 2nd Flora Expo in 2015 in the country. The...

ADB forecasts 6.2 percent economic growth for Nepal

Kathmandu, March 28: The Asian Development Bank (ADB) has projected that the country’s economic growth will be between 5.2 to 6.2 percent in 2017. The ADB shared this information organizing a news conference here today. It estimated that the GDP increase in terms of basic price in the Fiscal Year 2017/18 will be that much. The Bank also forecast that the inflation will remain be between 6.0 to 6.5 percent, less than the government target. Although the service sector...

NEPSE applies circuit breaker to control unusual surge

Kathmandu, March 28: The Nepal Stock Exchange (NEPSE) has today put the circuit breaker following an unusual surge in the domestic share market. The unexpected increment in the share market prompted the NEPSE to apply the circuit breaker. According to the NEPSE, 2.598 units of share worth Rs 1.39 billion of a total 144 companies were traded today. Country’s stock market has been on a bullish run these days. NEPSE index has reached the highest point today in the...

Revenue collection drops at Birgunj customs office

March 27, 2017: The major customs point of Nepal, Birgunj Customs Office has witnessed a drop in revenue collection due to the decrease in the import of motor vehicles. It collected over Rs 8.9 billion in revenue so far in this fiscal year as against the target of over Rs 9.07 billion. The statistics shows that the revenue collection has decreased by over Rs 970 million, said office chief Sewanta Pokharel. The revenue has dropped notably after the banks...

PM Dahal urges Chinese investors to invest in Nepal without qualms

March 27: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has called on the Chinese investors and businessmen to invest in Nepal, saying Nepal is a virgin land for investment and that there were prospects for investments and returns in every sector. The Prime Minister said this while speaking at the Roundtable Meeting on Investment Opportunities in Nepal organised by the China Council for the Promotion of International Trade (CCIT) in Beijing today. The Prime Minister is currently in China in...

More than Rs 20 million collected from educational and religious festival

Khotang, March 26: More than Rs 20 million has been collected from educational and religious festival organised at Matikaure playground for the support of Diktel Multiple Campus. A total of Rs 21.731 million was collected till the last day of the week-long festival on Saturday, said Chairman of Campus Management Committee and Festival Main Organising Committee, Devi Rijal. The festival was organised with an objective to making the campus as the model campus of the country by providing quality...

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