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ECONOMY

Nepali carpet exports surpass Rs 4 billion in four months

Nepali-made carpets have gained popularity not only in the domestic market but also internationally. These textile floor coverings are now being exported to around 50 countries worldwide.
Nov 30, 2024
ECONOMY

NEA writes to NRB to freeze accounts of defaulting industrie...

The Nepal Electricity Authority, which has been cutting the electricity supply lines time and again stating that 34 industries have yet to pay Rs 6.40 billion of arrears, made the correspondence with the regulatory body to halt the accounts, and share buying and selling of IPOs of those industries.
Nov 28, 2024
ECONOMY

NOC to relocate TIA's aviation fuel depot amid safety concer...

NOC has secured a 50-ropani plot near Guheshwori, close to the Nepal Army Golf Course, provided by CAAN for the new depot.To begin preparations, NOC signed a memorandum of understanding on Wednesday with the Tribhuvan University Institute of Engineering in Pulchowk to draft a DPR.
Nov 21, 2024
SOCIETY

Over 94,000 debtors added to blacklist in FY 2023/24

Number of blacklisted borrowers rose by 37 times in the last five years KATHMANDU, Nov 18: Industrialists and entrepreneurs are increasingly falling into the black list due to the deterioration of the business environment. According to the Nepal Rastra Bank (NRB), 94,000 borrowers have been blackli...
Nov 18, 2024
ECONOMY

Chilling reality behind hot coffee in Nepal

KATHMANDU, Nov 17: Nepal only imports coffee worth around Rs 420 million annually despite significant potential for domestic coffee production. This statistic highlights the compulsion of Nepali consumers to use foreign-produced coffee, even though there are opportunities to produce organic coffee i...
Nov 17, 2024
DIASPORA

Nepali immigrants among Donald Trump’s vote bank

New York (USA), Nov 7: The people of the world's most powerful country, the United States of America, have once again approved Donald Trump in the presidential election. After defeating Democratic Party candidate Kamala Harris, Republican Party candidate Trump secured his second term in the White Ho...
Nov 07, 2024
ECONOMY

India to provide Rs 15 billion grant for petroleum pipeline...

KATHMANDU, Oct 4: India has decided to grant approximately Rs 15 billion for the construction of a petroleum pipeline and fuel storage facility in Nepal. Nepal Oil Corporation (NOC) and Indian Oil Corporation (IOC) on Thursday reached an agreement in New Delhi for the construction of the pipeline an...
Oct 04, 2024
ECONOMY

NOC snubs repeated reminder from CAAN to relocate its aviati...

KATHMANDU, Sept 6: Nepal Oil Corporation (NOC) is under growing pressure to relocate its aviation fuel depot at Tribhuvan International Airport (TIA), Sinamangal, as it is situated in a high-risk zone.
Sep 07, 2024
ECONOMY

NAC grapples with mounting debt of Rs 51.26 billion

KATHMANDU, Sept 3: Nepal Airlines Corporation (NAC), the state-owned airline, is grappling with a mounting debt of Rs 51.26 billion due to its inability to expand its business. While private sector airlines are operating at a profit, the NAC's debt burden has reached Rs 51.26 billion.
Sep 03, 2024
ECONOMY

China interested in helping Nepal build chemical fertilizer...

KATHMANDU, Aug 11: China has shown interest in investing in a chemical fertilizer factory in Nepal. Despite discussions over nearly four decades, the project has not yet come to fruition. However, Chinese Ambassador to Nepal, Chen Song, has stated that the Chinese government is ready to help Nepal b...
Aug 11, 2024