Nepal signs MoU related to OBOR with China

Kathmandu, May 12: Nepal has signed in the ‘One Belt One Road’ concept, a development initiative introduced by China. Foreign Secretary Shanker Das Bairagi and Chinese Ambassador to Nepal Yu Hong, in the presence of Foreign Minster Dr Prakash Sharan Mahat, signed the memorandum of understanding (MoU) related to the OBOR amidst a programme at the Ministry of Foreign Affairs, Singha Durbar Friday. Talking to media persons after the signing ceremony, the Minister said the understanding was itself a...

Organic Vegetable Collection Centre established in Banke

Khajura (Banke), April 30: An organic vegetable centre named Suryodaya was set up at Sitapur in Khajura rural municipality in Banke district today. The local leader Nanda Lal Rokaya inaugurated the Centre where the locally produced organic vegetables will be stored on a weekly basis. Sitapur is famed for producing cent per cent organic vegetables and other crops. Leader Rokaya said that the Centre will only collect and sale organic vegetables. The Centre aims to encourage the youth in...

Banking Expo-2017 begins

Kathmandu, April 28: Banking Expo-2017 targeted to the financially backward communities has started at Bhrikutimandap from today. Nepal Rastra Bank (NRB) Governor Dr. Chiranjibi Nepal inaugurated the expo amid a programme. It is stated that there are hundreds of thousands of people even in Kathmandu valley who are not within the financial and banking system. The NRB Governor said, “The expo is an important campaign to provide financial literacy and it should be continued.” Various banks and financial institutions...

‘Unreliable’ NT services hit customers in eastern districts

Tehrathum, April 26: Nepal Telecom (NT) services have been disrupted in various districts of eastern region since this morning, putting customers in hard times. The disruption of landline, prepaid, postpaid and CDMA phone and ADSL internet services has affected a large score of NT customers. Services have been disconnected in Tehrathum, Dhankuta, Sankhuwasabha, Taplejung, Panchthar and Bhojpur. But this is not first time that NT customers of these districts have been disconnected with communications facility since the past few...

First banking expo from April 28

Kathmandu, April 25: A banking expo is being organised at local Bhrikutimandap from April 28 in collaboration with the Nepal Rastra Bank (NRB), Bankers Association, Development Bankers Association and Micro Finance Development Bankers Association. According to NRB deputy director Bibhu Prasad Aryal, this type of expo going to be organised for the first in country’s banking history is expected to be effective to study about the country’s banking business and imparting banking information to the public from a single...

Organic wine business soaring

Kathmandu, April 25: Production and sale of drinks with low alcohol contain has gradually soared in Nepali markets in the recent years. Locally available fruits and flowers are used in such products, producers said. An organic wine manufacturing industry of an international standard has been set up at Makwanpur’s Tistung Palung that lies some 50 kilometers south-west of the capital, at a cost of Rs 80 million. Pears and plums of local species are used as the raw materials...

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...

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