Nepal gets permission to sell 364 MW power to IndiaBy Laxman Kafle
Nepal has been allowed to sell an additional 325 MW of electricity in the Indian electricity market. The Central Electricity Authority under the Ministry of Power of India has given approval to the Nepal Electricity Authority (NEA) to sell an additional 325 MW of electricity in the Indian electricity market.
Row between NOC, petroleum suppliers creating shortage of fuel, cooking gasBy Laxman Kafle
In recent days, consumers are witnessing a shortage of liquefied petroleum gas due to the halt in the import and distribution of fuel by entrepreneurs. The shortage of LP gas has been created in the market due to disagreement between the Nepal Oil Corporation (NOC) and gas entrepreneurs. The gas entrepreneurs have stopped the import of cooking gas demanding the adjustment of the transportation fare of cooking gas as per the increase in diesel price, said Gokul Bhandari, former president of the...
Rise In Export Yet Trade Deficit WidensBy Laxman Kafle
Nepal's export trade has improved significantly over the past two years despite the adverse effects of the COVID-19 pandemic. Export trade has set a historic record this fiscal year. The country exported goods worth Rs. 147.74 billion during the first eight months of the current fiscal year, a record-high export from Nepal.
Submit budget plans in a week: FM SharmaBy Laxman Kafle
The Ministry of Finance Wednesday held a discussion with the secretaries and joint secretaries of all the ministries and the representatives of the Nepali Army on budget preparation for the upcoming fiscal year 2022/23. During the discussion, Finance Minister Janardan Sharma directed the government officials to submit their action plans regarding the plan and policy to be formulated by the federal, provincial and local levels to exercise their power as per the spirit of federalism within seven...
NOC proposes tax cut on fuel, two-day weekly public holidaysBy Laxman Kafle
Nepal Oil Corporation (NOC), which has been running in losses because of rising fuel prices, has submitted 10-point suggestions, ranging from reduction of fuel consumption to removal of tax imposed on petroleum products.
Domestic visitors helping tourism revivalBy Laxman Kafle
The tourism business hit hard for the past two years by successive waves of the coronavirus pandemic in Nepal and beyond has now started witnessing gradual revival after the government allowed all sectors of businesses to run in a normal way.
NEA assures to resolve power supply problemBy Laxman Kafle
Nepal Electricity Authority (NEA) has claimed that power supply problems suddenly seen for the past three days would be resolved from Thursday midnight. Managing Director of NEA Kul Man Ghising has said that there would be no load shedding in any industry from Thursday midnight citing that it has already arranged for the import of required electricity from Indian Energy Exchange.
Nation sees record-high exportsBy Laxman Kafle
Nepal’s export trade in the first eight months of the current fiscal year has set a historic record. The country exported goods worth Rs. 147.74 billion during that period, record-high export of Nepal so far.
Budget preparation beginsBy Laxman Kafle
The government has started the homework of preparing the budget for the coming fiscal year 2022/23. The Ministry of Finance has started discussion with the ministries and concerned bodies and started collecting suggestions to formulate a budget by making programmes effective for the upcoming fiscal year.