NEPSE continues to follow bearish trend, index slips by 46.46 pointsBy The Rising Nepal
The benchmark of share market index, NEPSE, has been declining for the last three consecutive days since Sunday. The NEPSE index declined by 46.46 points (1.86 per cent) and closed at 2,452.06 points on Tuesday, the third trading day of the week. The index had declined by 92.24 points for the last three transaction days of the week. NEPSE declined by 30.89 points on Sunday and 14.88 points on Monday. The sensitive index which measures the performance of group ‘A’ companies also decreased by...
Govt will introduce import substitution policy: ThapaBy The Rising Nepal
General Secretary of the ruling party Nepali Congress Gagan Kumar Thapa has said that the government would introduce a policy of import substitution and protection of export-oriented industries.
World Bank commits assistance for supporting internal employmentBy The Rising Nepal
Prime Minister Deuba inaugurates Chobhar Dry PortBy TRN Online
Prime Minister Sher Bahadur Deuba has inaugurated the Chobhar Dry Port. On Tuesday, Prime Minister Deuba formally inaugurated the port.
Reduced airlines flights affects Humla localsBy The Rising Nepal
Locals in Humla as well the passengers in northern Humla have faced difficulties for daily necessities and development materials due to a lack of road infrastructure. The problem has become acute after all private airlines stopped returning to Humla after flying to Kathmandu.
Shinta Mani Hotel to manage Moksha Mustang ResortBy The Rising Nepal
Shinta Mani Hotel, an international chain hotel, is set to offer its services in Nepal. It has taken over the management of the Moksha Mustang Resort, which is located in Mustang. Kathmandu-based Sherpa Hospitality Group (SHG), a subsidiary of Yeti World and owners of the Moksha Mustang Resort, have signed a memorandum of understanding with Bangkok-based HMD Asia to re-develop Moksha Mustang as their first internationally flagged Shinta Mani Hotel.
Reliance Spinning to expand production facilityBy Modnath Dhakal
Reliance Spinning Mills Limited is expanding its production facilities at a cost of Rs. 4.5 billion. The largest spinning mill in the country is adding two new production plants to its already existing six manufacturing units. About Rs. 10 billion has been invested in the industry so far. After the addition of the new units, total investment will reach Rs. 15.5 billion.
Flights for high-hilly districts in Karnali not regular, people affectedBy RSS
Flights towards high hilly districts in Karnali Province have been disrupted for the past few days. Tara Air, Summit Air and Sita Air, the airline companies providing regular services to Humla, Mugu, Jumla and Dolpa have diverted their services to the eastern districts, causing inconveniences to the people of the remote districts in Karnali.
Abandon the idea of depositing money by selling agriculture land: PandeyBy The Rising Nepal
Former Finance Minister Surendra Pandey has stressed on the need to be productive by abandoning the idea of selling agricultural land to keep money in the bank and making a living from its interest. Speaking at the concluding day of 'Jhapa Co-operative Conference 2078' on Sunday, he said that the practice of taking jobs, taking interest and taking rent should be abandoned. Stating that there is a lack of planned work culture, he said that there is an immense potential in the field of production...
Petroleum fuel supply resumesBy The Rising Nepal
With an agreement reached between the Nepal Oil Corporation and the agitating entrepreneurs affiliated to petroleum products on Saturday, the supply of petroleum products has resumed since Sunday morning.
Inter-Province Public transport fare hikedBy RSS
The government has increased fares for long-distance transport from one province to another. After the increase in the price of petroleum products, the government had agreed in principle to increase the fare in line with the concept of an automated pricing system for fares.
Prime Minister Deuba Urges for investmentBy TRN Online
Prime Minister Sher Bahadur Deuba has urged Indian investors the investment in Nepal. He has urged the investors in a program organized by the Confederation of Indian Industry (CII) during the PM's three-day visit to India.
Prospects for power trade expanded with Nepal-India Common Vision in energy sectorBy RSS
India has paved the way for electricity trade from Nepal, rising above the framework of the South Asian Association for Regional Cooperation (SAARC) and the declaration of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).
11 airlines show interest to operate commercial flight at Gautam Buddha Int'l AirportBy TRN Online
These airlines include National flag carrier Nepal Airlines, Jazeera Airways, Sri Lankan Airlines, SalamAir, Thai Smile Airways, Qatar Airways, Fly Dubai, Gulf Air, Go First founded as Go Air, Oman Air and others. Jazeera Airways, Kuwait will fly daily basis for the first time if any hindrance in the planning and preparation of commercial flights is not recorded.
Dolakha locals to vote party that tackles monkey menaceBy The Rising Nepal
Facing problems unleashed by the monkeys, residents of Bhimeshwor Municipality-4 in Dolakha have decided to vote for the party that will get rid the place of the monkeys. According to local Chandra Kumar Budathoki, the villagers have agreed to vote only for the party that comes with a manifesto to solve once and for all the problems created by the simians. Even the crops planted on his small plot of land have been destroyed by the monkeys, making him worried about how he will put his food on the...
Contribution of hydropower to economy should increase: President BhandariBy The Rising Nepal
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...
Long queues at govt petrol pumps as private pumps remain closed (Photo Feature)By TRN Online
Crowds have increased at government and cooperative petrol pumps after private petrol pumps stopped the distribution of petroleum products. Motorcycle and small vehicle drivers have started queuing at petrol pumps fearing that there may be a shortage of petrol in the coming days.
Tourism Division Office initiates rafting in RaptiBy The Rising Nepal
In order to attract thrill seekers from Nepal and neighbouring India, the Tourism Division Office of Banke has initiated rafting in the Rapti River. Launched in collaboration with the Rapti Sonari Rural Municipality, the 27-kilometre Kusum Bairiya-Agaiya rafting stretch was inaugurated by Lumbini Province’s Minister for Tourism, Rural and Urban Development Dilli Bahadur Chaudhary on Friday. Minister Chaudhary along with Rapti Sonari Chairman Lahuram Tharu, Vice-chair Dhani Kumari Khatri, Tourism...
IBN approves investment of Rs. 14.27 billion for cement industryBy The Rising Nepal
The Investment Board Nepal (IBN) has approved investment of Rs. 14.27 billion for the construction, operation and management of Suryatara Cement Project. The 50th meeting of the Board chaired by its Chairman and Prime Minister Sher Bahadur Deuba on Thursday approved the investment. Similarly, the Board has decided to give permission to DIAG Industries GmbH Germany for a detailed feasibility study for setting up a chemical fertiliser factory at Bardaghat in Nawalparasi. The meeting approved the...