Envoy to India urged to facilitate power tradeBy The Rising Nepal
The Confederation of Nepalese Industries (CNI) has urged the newly appointed Ambassador to India, Dr. Shankar Prasad Sharma, to take forward effective measures in the areas of increasing investment in Nepal, facilitating electricity trade between the two countries, promoting tourism and reducing trade deficit. In order to further expand the economic relations between the two countries, the CNI urged to focus on creating a working environment in public-private partnership so that Nepal can reap...
NEA importing electricity from India at Rs. 38 a unit to avoid power outageBy TRN Online
Kulman Ghising, NEA executive director, informed at a press meet held today that the NEA has registered a bid to import electricity from India which will result in a loss of Rs. 29 per unit for the NEA. The new price will come into effect from today, Thursday midnight.
PM visits 140-MW Tanahu Hydro, instructs for timely completionBy RSS
Prime Minister Sher Bahadur Deuba today inspected the under-construction 140-megawatt Tanahu Hydropower Project at Jhaputar of Rhishing Rural Municipality-1 in Tanahu, and inspected for its timely completion.
NCC to support govt on agro sectorBy The Rising Nepal
Nepal Chamber of Commerce (NCC) is going to cooperate with the government under the three pillar agricultural policy. The NCC, which has launched an agricultural production campaign through the use of barren land, has proposed to cooperate from production to marketing through cooperation among the government, private sector and cooperatives.
Govt will provide electricity to all: Minister BhusalBy The Rising Nepal
Minister for Energy, Water Resources and Irrigation Pampha Bhusal has said that the government was formed by forming a five-party alliance to safeguard the constitution, nationality and the federal republic.
Police seize 2000-kg Chhurpi in IlamBy RSS
Police have seized 2000-kg (40 sacks) of Chhurpi (a traditional cheese mostly consumed in the Himalayan region of Nepal) being unlawfully trafficked in Ilam.
IFC, NEPSE ring the bell for gender equalityBy The Rising Nepal
The International Finance Corporation (IFC) has joined the Nepal Stock Exchange (NEPSE) to 'Ring the Bell for Gender Equality,' an annual global event that highlights how the private sector can spur women’s participation in the global economy and promote sustainable development. This is the second consecutive year NEPSE joined the event.
NCC urges envoy Sharma to facilitate tourism, investmentBy The Rising Nepal
Nepal Chamber of Commerce (NCC) has suggested newly appointed Ambassador of Nepal to India Dr. Shankar Sharma to play a role to reduce trade deficit with India through tourism promotion and investment. During a meeting with newly appointed Ambassador to India Sharma on Tuesday, the NCC requested him to take initiative to attract Indian investment in the hydropower sector.
FM Sharma requests to use electric stoves instead of gasBy The Rising Nepal
The 33/11 kV Musikot substation constructed in Dhairenichaur, Musikot Municipality-3 of Rukum West has come into operation. Finance Minister Janardan Sharma and Energy, Water Resources and Irrigation Minister Pampha Bhusal jointly inaugurated the substation at a function organised in Musikot on Monday. Electricity will be supplied from the substation to Rukum East and West and some places of Jajarkot.
Rising exports help improve import export ratioBy TRN Online
The Foreign Trade Statistics (FTS) of mid-March released by the Department of Customs showed that import to export ratio in the first eight months of the current FY reduced to 8.6 which is encouraging compared to 11.69 as recorded in the same period of the previous FY.
Tourists welcomed in Rukum with peacock danceBy The Rising Nepal
Rukum (West) welcomed eight foreign tourists on Sunday. Officials from the district’s Tourism Information Centre and Chamber of Commerce and Industry welcomed the eight Italians who arrived from Kathmandu at the district headquarters Khalanga.
Lama to cycle 1,700 km to promote adventure tourismBy The Rising Nepal
Cyclist Mangal Kumar Lama has set out on a solo cycling trip from Kanchenjunga in the east to Hilsa in the west to promote adventure tourism in the country. The Nepal Tourism Board (NTB) organised an official farewell programme for Lama on Sunday at its office at Pradarshanimarg. There, NTB officials wished him the best for his 1,700-kilometre trip which has been officially promoted by the Board and organised by GHT on Wheels, the banner that covers solo mountain biking expeditions on the upper...
Agriculture gets first priority in budget: Finance MinisterBy The Rising Nepal
Finance Minister Janardan Sharma has said that the budget for the coming fiscal year 2022/23 will be prepared by giving priority to the agriculture sector. Speaking at a press conference organised by the Federation of Nepali Journalists (FNJ), Rukum, on Monday, Minister Sharma said that the government has started preparation of budget giving priority to agriculture first.
Govt. treasury up by 20%, tax revenue covers over 85% of Govt. incomeBy TRN Online
The FCGO showed that the aggregate receipts crossed Rs. 736.6 billion in the first eight months of this fiscal, up from Rs. 609.2 billion recorded in the same period of the last FY.
Mainahiya-Sampatiya transmission line to complete by mid-JulyBy The Rising Nepal
Around 60 per cent construction work on Mainahiya-Sampatiya 132 kV double circuit transmission line connecting Nepal and Uttar Pradesh (UP) of India has been completed. Work is moving in full swing to complete the construction of the transmission line from Mainahiya substation of Rupandehi to Sampatiya (New Nautanuwa) substation in Uttar Pradesh, India by mid-July, 2022.
ADB Director General reaffirms strong support for Nepal’s development agendaBy RSS
“I am very happy to be back in Kathmandu and to meet with senior government officials to discuss ADB operations in the country, our partnerships, and key strategic directions. ADB is committed to supporting Nepal in its green, resilient, and inclusive recovery from the pandemic to achieve high and sustainable economic growth, improve the lives of Nepali people and build resilience to climate change impact,” said Director General Yokoyama.
Nepal-India Energy Exchange: Construction of Mainahiya-Sampatiya transmission line at high-speedBy RSS
The double circuit transmission line linking Mainahiya in Rupandehi district of Nepal with Sampatiya (New Nautanahawa) in Uttar Pradesh (UP) State of India has achieved 60 per cent progress in construction, according to the Nepal Electricity Authority (NEA).
Chilli cultivation boomingBy The Rising Nepal
Farmers of Falgunanda Rural Municipality-4, Chillingden of Panchthar have been cultivating Habanero Chilli popularly known in Nepal as Akbare Khursani using mulching plastic. The attraction of farmers towards the use of this modern technology is also increasing as they know that it will greatly simplify the traditional complex farming system. More than 400 farmers in Chillingden, which is a pocket area of Akbare, have been planting chillies in mulching plastic for the past three years.
FM Sharma urges CIT to invest in big infrastructure projectsBy The Rising Nepal
Finance Minister Janardan Sharma has said that the investable amount of the Citizens Investment Trust (CIT) should be mobilised for the national infrastructure project. The work of keeping money in banks and financial institutions by the CIT should be stopped, he said while addressing the 32nd anniversary of CIT on Friday. Stating that the capital formation by institutions like the CIT should be made effective, Minister Sharma said that the country needs to raise Rs. 1,700-2,000 billion now for...