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PPA will be signed on the basis of market certainty: Energy Minister Bhusal

Published On: September 29, 2021 01:21 PM NPT By: Republica

KATHMANDU, Sept 29: Minister for Energy, Water Resources and Irrigation Pampha Bhusal has said that power purchase agreements (PPAs) will be signed on the basis of market certainty from now onward. Talking to a delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), she said that the new PPAs would be taken forward only after studying the balance of supply and demand.

Manang welcomes foreign tourists, health protocols compliance mandatory

Published On: September 29, 2021 12:00 PM NPT By: RSS

MANANG, Sept 29: The Manang District Administration Office has allowed the entry of foreign tourists into the district amid COVID-19. But the DAO has made it mandatory for the visiting tourists to strictly follow health safety protocols.

UML objects to the provision that does not require disclosing investment source

Published On: September 29, 2021 10:51 AM NPT By: Dilip Paudel

KATHMANDU, Sept 29: The main opposition party, the CPN-UML, has raised serious objections over the government’s decision to allow investment in areas other than the liquor and tobacco industries without disclosing source of income. The party alleged that the government had tried to legalize black money as it amended the Income Tax Act, 2002 and made it impossible to find an income source of investment in some areas.

Birgunj customs collects Rs 40 billion in revenue in over two months

Published On: September 29, 2021 09:10 AM NPT By: RSS

BIRGUNJ, Sept 29: The country's biggest Birgunj Customs Office has collected the total Rs 40.6 billion in revenue so far since the fiscal year that began on August 16.

Nepal imported automobiles worth around Rs 22 billion in first two months of current FY

Published On: September 29, 2021 07:25 AM NPT By: Republica

KATHMANDU, Sept 29: Nepal imported automobiles worth Rs 21.84 billion in the first two months of the current fiscal year, mainly with an increasing purchase of electric vehicles.

Commercial banks lending aggressively despite facing liquidity crunch

Published On: September 28, 2021 07:10 PM NPT By: Republica

KATHMANDU, Sept 28: The commercial banks in the country issued loans to their clients almost four times the deposit collection last week despite facing a liquidity crunch in recent days.

Nepse ends lower but finds support at 2,600

Published On: September 28, 2021 07:08 PM NPT By: Republica

KATHMANDU, Sept 27: The Nepal Stock Exchange (Nepse) index fell around 40 points in the morning before climbing back in positive territory within the first trading hour. However, stocks continued its downfall in the latter trading hours. A steady decline saw the index reach almost 2,600 mark before a small recovery helped the benchmark close at 2,615.40 – down 70.01 points against the session earlier.

Lending to wholesalers and retailers swells

Published On: September 28, 2021 02:00 PM NPT By: Republica

KATHMANDU, Sept 28: The amount of loans provided by the banks and financial institutions (BFIs) has increased compared to the last fiscal year. Most loans have been flown to wholesalers and retailers.

Lumbini hotels announce discount offers in hopes of reviving tourism

Published On: September 28, 2021 01:14 PM NPT By: Republica

KATHMANDU, Sept 28: Tourism entrepreneurs in Lumbini have decided to resume their businesses by announcing various offers for tourists. The move is aimed at reviving the tourism sector which has been hit hard by the COVID-19 pandemic. According to the Lumbini Hotels Association, hotels in the region have announced various discounts on their accommodation and food services to attract domestic tourists.