130 industrial parks to be built, Rs. 2.64 bln allocated

Presenting the annual budget for Fiscal Year (FY) 2020/2021, Finance Minister Dr Khatiwada said, "The government has decided to introduce this programme for replacement of import of clothes by promotion of clothes production within the country."

'Desh Darshan' programme to promote domestic tourism

Presenting the annual budget for Fiscal Year 2020/21 at the Federal Parliament today, Finance Minister Dr Yubaraj Khatiwada said, "Desh Darshan programme would be brought to promote internal tourism amongst government and private employees after the COVID-19 pandemic comes into control."

Discount in electricity tariff, concession for aviation, construction industry

"Electricity consumption up to one unit would be free of cost, discount up to 25 per cent would be provided for consumption up to 150 unit and 15 per cent discount would be provided for consumption up to 250 unit," said Dr Yubraraj Khatiwada while presenting the budget for Fiscal Year 2020/21 before the joint session at Federal Parliament today.

Workers denied full payment for month of Chaita

Most employers in the industrial sector are found to have failed to standby their commitments to fully pay workers for the month of Chait (March-April).   

61 per cent citizens have bank account in Nepal

Of the total 753 local units in the country, commercials banks have presence in 746 units while more and more cooperatives had also brought increasing number of people under the ambit of financial services.

Govt. estimates 2.3 per cent growth rate

The economic survey 2076/77 presented by Finance Minister Dr Yubaraj Khatiwada at the Federal Parliament today states that the growth rate is very low compared to what the government determined due to the impact of Corona Virus across the globe.

Government presents Economic Survey in parliament

The government has presented the 'Economic Survey- 2076/77 BS' in the Federal Parliament.     Finance Minister Dr Yuba Raj Khatiwada today presented the Survey in separate sessions of the House of Representatives and National Assembly. On the occasions, the Finance Minister briefed both the Houses about the entire economic state including physical development till mid-March of the current fiscal year.    

Hoteliers in Ilam face difficulties to save their investment

It has been two months since the government imposed nationwide lockdown due to increase in cases of COVID-19. However, the extension of lockdown has widely affected the hotel sector. In Ilam, many hotels were opened targeting Visit Nepal 2020. Hoteliers had invested millions of rupees expecting increase in tourism.

Jorpati-Sundarijal road project comes to halt with detection of COVID case 

The Jorpati-Sundarijal road widening works have come to a halt with the detection of a COVID-19 case at Gokarneshwor municipality-4.    

Lockdown hampers construction work of nine hydel-projects in Lamjung

Managers of the nine under construction hydel-projects with 202 megawatt aggregate capacity said construction works of the projects were hampered for lack of supply of construction materials and sufficient number of workers. Although the government, after two weeks into lockdown, urged the large construction projects to continue works, developers could not do so as they failed to manage necessary resources at the local level.

Local vegetable produces choice of consumers

Local consumers in the outskirts of Damauli bazaar are reaching farmlands seeking fresh vegetable products as they are concerned about their health when the pandemic of coronavirus poses a grave health threat.    

Bridge construction continues on highway  

Construction works are continued on three new concrete bridges on Rasuwa section of Galchhi-Mailung-Rasuwagadhi highway. The construction works are being carried out by following the policy and standards for prevention and control of COVID-19.    

Insurance of Rs one million to health workers

Jugal Rural Municipality of Sindhupalchok has decided to arrange health insurance to the health workers who are working in the forefront of the national campaign for the prevention and control of COVID-19 pandemic. The health insurance of Rs 1 million is managed in view of the crisis.

92 thousand metric tonnes rice in stock  

Ninety one thousand five hundred and four metric tonnes rice is in stock with the Food Management and Trading Company Limited, and the private sector traders.    

World Bank urged to invest in Upper Arun Hydro Project

In a virtual meeting on Wednesday, Energy Minister Barsha Man Pun put forward the proposal to World Bank Country Director for Nepal, Sri Lanka and the Maldives, Faris Hadad-Zervos.

Tourism entrepreneurs demand programmes to salvage tourism sector

Issuing a press statement today, various 12 tourism organizations and the tourism entrepreneurs urged the government to address their demands through the budget for the next fiscal year 2020/21.

  Medicines worth Rs 3 billion imported since lockdown   

Nepal, in its 56th day of lockdown, has recorded import of raw materials of medicines, and readymade medicine worth around Rs 3 billion.    

Government to give jobs to 2.6 million people next year 

Minister for Energy, Water Resources and Irrigation, Barshaman Pun, has urged the industrialists and businessmen to operate industries and resume construction works by paying attention to health safety.    

Hotels in Pokhara to remain shut till mid-October

Hoteliers of Pokhara have said that they would not be able to resume their business halted by COVID-19 pandemic before mid-October. According to Western Regional Hotel Association Pokhara hotels cannot be opened before mid-October as operating business as per the WHO standards is impossible in the present condition.

Two million people rendered jobless in South Korea 

Number of people losing jobs due to the COVID-19 crisis continues to rise in the Republic of Korea and the four months' figure has surpassed two million.