Norway to provide support for Nepal’s socio-economic development

Kathmandu, July 10: Norway has expressed commitments to provide possible support for socio-economic development of Nepal. The commitment was made during a meeting between Norwegian Ambassador to Nepal, Kjell Tormod Petersen, and Speaking Onsari Gharti when the latter paid a courtesy call on the former. Petersen is returning home after completing his four-year term as Norwegian ambassador to Nepal. Ambassador Petersen told the Rastriya Samachar Samiti (RSS) that they discussed the relations between Nepal and Norway and different issues...

Phaplu airport shutdown due to unpredictable weather

Solukhumbu, July 10: The Faplu airport located at the Solukhumbu’s district headquarters has remained out of operation for the past 13 days due to erratic weather pattern. The last flight to take off from the airport on June 27 was that of Nepal Airlines after which the airport has taken on a deserted look, according to Nepal Airlines’ Faplu Acting Station In – charge, Ganesh Shrestha. The airport’s shutdown has been attributed to perennial presence of thick fog and...

DPM lays foundation stone for fish feed industry in Ratnanagar

Ratnanagar (Chitwan), July 10: Deputy Prime Minister and Foreign Minister, Krishna Bahadur Mahara, today laid the foundation stone for construction of a community fish feed industry at Ratnanagar of Chitwan. On the occasion, the minister was briefed on the diverse aspects of the fish feed industry. Chitwan Community Fish Feed Industry Pvt Chairman, Ambika Prasad Adhikari, said the feed industry was set up as part of the government’s ‘One District One Production’ programme. He also drew the attention of Minister...

Monetary policy for FY 2074\75 made public

Kathmandu, July 9: Nepal Rastra Bank (NRB) today publicized a monetary policy for the fiscal year 2074\75 BS amid a programme in the Capital. Speaking at the event, NRB governor Dr Chiranjibi Nepal shared that monetary policy has prioritized agriculture, tourism, energy, small and cottage industries and liquidity management. Likewise, a NRB official said Nepal’s economic growth rate is satisfactory. “Nepal’s balance of payment is satisfactory, financial imbalance is decreasing and there is positive change in economy,” he said....

Farmer compensated for loss of goats in lightning strike

Myagdi, July 7: The District Livestock Service Office has compensated a farmer who incurred huge economic losses after his goats were killed in lightning strike at Myagdi’s remotest village – Dhaulagiri rural municipality 1 – last year. On August, 15, 2016, lightning strike killed 95 goats at a barn at Gurja’s Purano Buki area. The concerned farmer lost Rs 900,000 in the unfortunate incident. The farmer has received Rs 165, 000 in compensation, District Livestock Service Office, Animal Development...

Sajha extends Swoyambhu-Suryabinayak bus route to Sanga

Bhaktapur, July 6: The Sajha Yatayat has extended its Swayambhu of Kathmandu-Suryabinayak of Bhaktapur route to Sanga that borders with Kavre. The service was extended on the initiatives of people’s representatives of the Surya Binayak Municipality. The Sajha currently operates 20 buses in Bhaktapur and newly launched service will be available in the office hours (evening) until the next few days and the Sajha said it is waiting for the route approval from the Department of Transport Management to...

Mango production decreases in Siraha

Lahan, July 2: Production of mango has decreased in Siraha, known as the capital city of mango, this year. According to the District Agriculture Development Office, the mango production decreased this year due to disease and also due to the fact that the production was high last year. Horticulture officer Bindeshwor Yadav said that 43,428 metric tons of mango was produced in 5,170 hectare of land this year. The production was 42,057 metric tons in 4,950 hectares last year....

Bank is not a business firm: NRB governor

Kathmandu, June 30: Nepal Rastra Bank (NRB) Governor Dr. Chiranjibi Nepal has stressed on the need of enhancing the efficiency and transparency of banks and financial institutions. Inaugurating the integrated transactions of the Kumari Bank Limited here on Friday, the central bank governor called on the banks to reach the local levels (village level) as soon as possible since big economic activities are going to take place at the local level and big capital would be required there following...

Stock brokers halt NEPSE

Kathmandu, June 29: The domestic share market remained affected today due to protests from the stock brokers. Stock Brokers Association of Nepal obstructed the market, citing the lack of clarity in the provision regarding the pay of value added tax (VAT) while making transactions in the security market. Though the officials of Securities Board of Nepal (SEBON) and Association sat for talks to find a way out to the dispute, the meeting ended inconclusively thus prompting the stock brokers...

DoI to complete registration process through online

Kathmandu, June 19: The Department of Industry (DoI), strengthening the capacity of its online service launched four months ago to receive documents for the registration of industry, is to complete the entire registration process through an e-system. Onwards, the verification of documents will take place through the online system and will be forwarded to the authority concerned via the same channel. To date, the e-copies of documents sent to the Department by clients, seeking the registration of their business,...

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