TIFA’s third meeting to be held tomorrow

Kathmandu, April 19: Nepal and the United States will sit for talks in Kathmandu on Thursday for the third Trade and Investment Framework Agreement (TIFA) meeting. The TIFA agreement was signed between Nepal and the US on April 15, 2011 with an objective to enhancing bilateral trade and investment between the two countries. The agreement also aims to facilitate the promotion of Nepali products and services in the US markets as well as attracting American investment to Nepal. The...

NEPSE suffers double-digit fall

Kathmandu, April 18: Domestic share market which was on a continuous bearish run was struck by a double-digit fall today. According to Nepal Stock Exchange Limited (NEPSE), country’s sole agency authorised for selling and purchasing shares, today’s stock went down by 39.57 points thus closing at 1,612 points. The ‘sensitive index’ used in measuring the share values of big companies fell by 9.08 points. A total of 2,290,931 units of share (worth around Rs 1.51 billion) of 142 companies...

Pokhara hotels packed with domestic tourists

Pokhara, April 13: Hotels based in a touristic town Pokhara have been packed with domestic tourists on the eve of the Nepali New Year- 2074 BS. Hoteliers here are busy welcoming guests. According to the Western Regional Hotel Association outgoing chair and Pokhara Tourism Council vice chair Bharat Raj Parajuli, rooms in all hotels in the town have been booked for today and tomorrow as domestic tourists continue to flock to this city rich in natural beauty to celebrate...

NAC calls bidding for auction sale of aircraft

Kathmandu, April 11: The Nepal Airlines Corporation (NAC) has announced a global tender for auction sale of its 30-year-old aircraft—Boeing B757-200 9N-ACA. The sale aims to save aviation turbine fuel required to operate the old aircraft and costs required to repair it time and again, said NAC’s Spokesperson Rabindra Shrestha. The NAC has also set the auction price at minimum USD 1.7 million. It costs approximately USD 4 million to purchase a new brand aircraft of its kind in...

EBC abuzz with arrival of 20 mountaineering teams

Solukhumbu, April 10: As many as 20 mountaineering expedition teams have arrived at the Everest Base Camp (EBC) looking to climb Mt Everest, Mt Lhotse and Mt Nhutse. Among the expedition teams 16 will scale the highest peak Mt Everest, two Mt Lhotse and two Mt Nhutse. They arrived on Sunday, according to Sagarmatha Pollution Control Committee (SPCC) Programme Official, Kapindra Rai. The SPCC keeps the record of the expedition teams that scale these mountains. The EBC serves as...

Tourist arrival surges in Annapurna trek route

Lamjung (Besisahar), April 9: The surge in the arrival of tourists at the Annapurna trek route has been a matter of great joy for entrepreneurs and villagers here. As per the data provided by the Timsa Check Post, Besisahar, more than 2,000 foreign tourists traveled through the Annapurna circuit in the month of March. According to Check Post employee, Mina Gurung, 2,596 foreign tourists traveled through the Annapurna trek route in the month of March alone. Gurung said 100...

Contractors’ Association Bhaktapur denounces amendment

Bhaktapur, April 4: The Contractors’ Association, Bhaktapur today submitted a memorandum to the Prime Minister through the Chief District Officer, demanding a correction to the fifth amendment on the Pubic Procurement Regulation- 2007. A team led by Association Chair Niranjan Bajgai met with Bhaktapur’s CDO Drona Pokhrel and handed a memorandum. Prior to this, speaking at a press meet organised at the Association office, Chair Bajgain claimed the fifth amendment made on March 9 bypassing the voices of the...

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...

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