FM Sharma urges ADB to bring new technology with investment

Finance Minister Janardan Sharma has suggested the major donor agency, the Asian Development Bank (ADB), to assist Nepal by investing along with introduction of new technologies available in the global market.

Illegal Crypto Trading: 97.4 million rupees embezzled

The Department of Revenue Investigation has filed a case against two persons on the charge of trading in foreign exchange illegally.    

Five airlines companies show interest to operate commercial flight at Gautam Buddha Int'l Airport

Five airlines companies have shown interest to operate regular flights at Gautam Buddha International Airport. Preparation is underway for the operation of international flights regularly in a commercial manner from May 16 after Minister for Culture, Tourism and Civil Aviation, Prem Bahadur Ale, directed the Civil Aviation Authority of Nepal to make arrangements for the operation of international flights at the airport as soon as possible.  

Private sector accounts over 80% of seeds supply  

More than 80 percent seeds is supplied by the private sector in Nepal. The seed companies run by private sectors supply 80 percent cereal seeds and 90 percent vegetable seeds in the country.    

NCC emphasises export facilitation to reduce trade deficit

Nepal Chamber of Commerce (NCC) has stressed the need for facilitating exports to reduce the growing trade deficit. Welcoming the newly elected officials of the Export Council of Nepal at the NCC office building on Monday, NCC president Rajendra Malla said that the NCC would take initiative to end the policy difficulties in export promotion.

Import margin seeks to tackle economic challenges: FM Sharma

Finance Minister Janardan Sharma has said that provision of margin for import has been imposed to solve the challenges seen in the national economy. Addressing a seminar on customs management organised at the Department of Customs on Sunday, Finance Minister Sharma directed to collect revenue as per the target by working hard even though the tightening of imports have affected the customs revenue

Jazeera airways to operate regular flight at Gautam Buddha Int'l airport

Deputy Director General of CAAN, Dev Chandra Lal Karna, shared that the Airways has filed an application in order to operate one flight daily. It will operate Kuwait-Bhairahawa-Kuwait direct flight.

Minister Bhusal insists on sustainability of hydropower sector

Minister for Energy, Water Resources and Irrigation, Pampha Bhusal, has said climate change risk management has gradually been a challenge for Nepal. The latest incidences in the country suggest the growing risk of climate change impact, according to the Minister. 

Singh elected president of FNCSI

A new executive committee of the Federation of Nepal Cottage and Small Industries (FNCSI) has been elected unopposed under the chairmanship of Umesh Prasad Singh. The 25th National General Convention and 22nd National Women Entrepreneur Conference held in Birgunj has elected Singh as the president of the Federation. Formerly a senior vice president, Singh has been a founding member of the Federation and has held various responsibilities as well as acting president. Surya Bahadur Kandel has been...

NEA to supply additional 27 MW power to Ambe Steels in a month

The Nepal Electricity Authority (NEA) has decided to supply about 35 MW of electricity to the Ambe Steels Industry in Nepalgunj area of Banke within a month. The NEA is currently supplying about eight megawatt of electricity to the steel industry. The industry has demanded an additional 27 MW of electricity for capacity expansion.

Margin on import to reduce economic challenges: Finance Minister Sharma

Addressing a seminar on customs management organized by the Department of Customs here Saturday, Minister Sharma viewed that although tightening of import was affecting customs, the customs offices should strive to meet the targets. He believed that the seminar would be fruitful to face the challenges surfaced in the customs management along with revenue mobilization and trade facilitation.

FNNTE wants adjustment of transport fare by March 21   

Public transport entrepreneurs have demanded that the government adjusts the transport fare in the aftermath of the increased price of petroleum products in the country. 

Farmers bearing losses in paddy to get 36% compensation in first installment

Farmers of Banke, who suffered heavy losses in paddy crop due to unseasonal rains in mid-October last year, are currently getting only 36 per cent compensation. According to the District Disaster Management Committee, Banke, it has been decided to give relief amounts in installments and only 36 per cent in the first installment after disbursement of much less amount from the Federal government than demanded for compensation.

Deposit collection rate of BFIs drops

Growth rate of deposit mobilisation of the banks and financial institutions has decreased during the first seven months of the current fiscal year. The deposits collection of BFIs has increased by 3.6 per cent in the review period compared to an increase of 9.8 per cent in the corresponding period of the previous year. On y-o-y basis, deposits at BFIs expanded by 14.6 per cent in mid-February 2022.

Let's use electronic equipments: Energy Minister Bhusal  

Minister for Energy, Water Resources and Irrigation Pampha Bhusal has called for the use of electronic devices as it is becoming difficult to sustain imports with the rise in prices of petroleum products in the international market.    

Paddy worth over Rs 12 billion imported

The country imported paddy worth over Rs 12 billion in the first seven months of the current fiscal year 2021/22. The paddy amounting to 426,357,810 kilogrammes in weight was imported during this period.  

Construction of new cities requires budget, policies: Minister Jhakri  

Minister for Urban Development Ram Kumari Jhakri has stressed the need for managing a budget and making long-term policies for the establishment of new cities.

Chinese side agrees to increase trade   

The quantity of Chinese goods imported through the Rasuwagadhi transit is going to increase. An agreement was reached to increase the volume of Chinese goods imported into Nepal from the transit during 'virtual' talks between the border officials of Rasuwa and Jilung Province in Kerung, according to the District Administration Office.    

Ghodaghodi declared Nepal’s first bird sanctuary

Ghodaghodi Wetland located in Kailali district of Sudurpaschim Province was declared the first bird sanctuary (Bird Sanctuary Area) of Nepal on Friday. There are 360 species of water and terrestrial birds in the Ghodaghodi wetland listed in the World Ramsar Area. Among them, 12 species of birds including Kale Tauke Hans (Common Pochard), Raj Dhanesh (Great Hornbill), Rajlahanche (Great Slaty Woodpecker), Bhudifor Garud (Lesser Adjutant), Sunaulo Top Chara (Finn’s Weaver), Gheghri Ghanse Fisto...

Working to increase capital expenditure: FM Sharma

Finance Minister Janardan Sharma has said that he and Prime Minister Sher Bahadur Deuba are worried over the inability to increase capital expenditure. Inaugurating the Lekhnath Festival organised by the Lekhnath Chamber of Commerce and Industry in Kaski on Thursday, Finance Minister Sharma said that only 19.15 per cent of the capital expenditure had been incurred to date of the current fiscal year and that he was pressuring all development ministries to increase the expenditure.