NEPALGUNJ, July 3: Goods are easily smuggled through the Nepalgunj border in western Nepal, which is connected to India. The smugglers have effectively engaged the customs officials, security personnel and others to smuggle large quantities of goods.

Nepal-India tourism issues discussed

Published On: June 10, 2016 09:37 PM NPT By: Republica

KATHMANDU, June 10: Nepal India Chamber of Commerce and Industry (NICCI) have highlighted the need to implement the India-offered Leave Travel Concession (LTC) scheme to boost and promote bilateral tourism.  Speaking at a program organized in Kathmandu on Thursday, NICCI officials said that though the Indian government has approved a proposal to allow more than two million government employees to travel to Nepal along with Bhutan, Maldives and Sri Lanka on LTC, the scheme has not been executed properly by both the governments.

STC gets go-ahead to import 30,000 tons of sugar

Published On: June 10, 2016 08:39 PM NPT By: Republica

KATHMANDU, June 11: Salt Trading Corporation (STC) has got the go-ahead to import 30,000 tons of sugar. Officials of STC say sugar will start arriving into Nepal from mid-July. The government has set customs duty at 1 percent for import of 30,000 tons, down from the existing 15 percent.

Nepse closes at record high of 1,567 points

Published On: June 10, 2016 08:34 PM NPT By: Republica

KATHMANDU, June 10: Nepal Stock Exchange (Nepse) index climbed up 83.56 points this week to close at record high of 1,566.7 points on Thursday--the last trading day of the week.  While the stock market had taken a dip on the first trading day by nearly 35 points, the market rallied in the remaining trading days of the week.

Rupee strengthens, gold price up

Published On: June 10, 2016 08:32 PM NPT By: Republica

WEEKLY MARKET COMMENTARY (June 5-10)  KATHMANDU, June 10: Nepali rupee gained 96 paisa against US dollar this week as the Indian currency, with which rupee is pegged, gained value against the greenback. Gold price, on the other hand, went up by Rs 515 per 10 grams over the week.  CURRENCY Nepal Rastra Bank (NRB), the central regulatory bank, had opened currency trading on Sunday with value of dollar fixed at Rs 108.07.

John Players launches summer collection

Published On: June 10, 2016 08:25 PM NPT By: Republica

KATHAMNDU,June 10: John Players, the premium men's wear from Surya Nepal Pvt Ltd has launched new collection from spring and summer. "This collection offers vibrant wardrobe essentials spanning across formal wear, casual wear, and party wear. Denims are a sublime blend of trendy styling, comfortable fitting and excellent textures and everything that appeals to the new generation," the company said in a statement.

Minister Rai says 4G service to start soon

Published On: June 10, 2016 06:20 PM NPT By: Republica

KATHMANDU, June 10: Minister for Information and Communications Sherdhan Rai has said that the '4G' service would be soon brought into operation in the telecommunication sector. The communications minister said this today in a press meet organized at the Tribhuvan International Airport upon his arrival home after participating in the '4G' conference of telecommunications service providing bodies of the Asia Pacific Region. The conference was held in Bangkok, the capital of Thailand.

CIAA hurdle could prove costly: NT official

Published On: June 10, 2016 06:48 AM NPT By: Republica

KATHMANDU, June 10: ‘BSNL-like situation if expansion plans delayed further’ Nepal Telecom (NT) is now in the same situation that India’s Bharat Sanchar Nigam Ltd (BSNL) was in between 2007 and 2012.

POKHARA, June 5: The Ministry for Finance and the Civil Aviation Authority of Nepal (CAAN) on Sunday signed an agreement on loan for the construction of a regional international airport in the lake city.

Kate Upton announces engagement to Justin Verlander

Published On: May 4, 2016 11:26 AM NPT By: Republica

NEW YORK, May 3: Kate Upton has announced her engagement to baseball star Justin Verlander. She tells E! News that the 33-year-old Detroit Tigers pitcher asked her just before the baseball season started and she's "excited to finally be able to share it with the world."

IME announces 'Ghar Jane Harsha' winner

Published On: April 25, 2016 12:00 AM NPT By: Republica

KATHMANDU, April 22: IME Ltd has announced the third week's winner of its 'Ghar Jane Harsha' scheme that it launched in partnership with Kyodai Remittance in Japan.