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ECONOMY

Nepal’s electricity generation capacity reaches 4,200 MW

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Data from the Nepal Electricity Authority (NEA) show that 23 power projects were added during the review year, including both hydropower and solar energy installations.
19 hours ago
ECONOMY

Department of Commerce again orders importers to label MRP,...

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The Department of Commerce, Supplies and Consumer Protection has issued a public notice giving importers a 15-day deadline to implement the rule without fail.
20 hours ago
ECONOMY

Commercial banks fix interest on fixed deposit at 4.40 perce...

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Nepali commercial banks have reduced their interest rates on individual deposits by an average of 0.09 percent for the first month of the Nepali New Year 2083 starting Tuesday.
1 day ago
ECONOMY

NEPSE slides 4.18 points as daily turnover decreases to Rs 8...

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Nepal Stock Exchange (NEPSE) on Monday slid 4.18 points to close at 2,833.60 points. 
1 day ago
ECONOMY

Madhesh province leads real estate transactions, large plots...

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In its first-ever quarterly data on real estate trends, the central bank reported that Madhesh Province ranks highest in terms of the number of transactions. It is followed by Lumbini Province and Koshi Province.
1 day ago
ECONOMY

NEA warns of action against unpaid electricity dues

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Issuing a notice, the NEA has asked consumers with pending dues from mid-January 2016 to mid-May 2018 to clear their payments within the stipulated time.
1 day ago
ECONOMY

Government moves to hold project officials accountable via p...

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The Public Procurement Monitoring Office has prepared a preliminary draft of the amendment bill on April 8. In line with Section 6(2) of the Legislation Act, 2021, which requires draft bills to be made public for feedback, the office has sought public opinions and suggestions until April 14.
1 day ago
ECONOMY

SC issues directive order to government to establish coopera...

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However, the justices clarified, “cooperatives cannot be made functional like the banks.”
1 day ago
ECONOMY

Govt moves to amend Public Procurement Act 2007, draft open...

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In line with Section 6(2) of the Legislation Act 2021, which requires draft bills to be made public for feedback, the Office published the initial draft of the “Public Procurement (Amendment) Bill” on April 8. Public opinions and suggestions are being collected until April 14.
2 days ago
ECONOMY

Tourism entrepreneurs hopeful two-day weekend will promote d...

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he government’s decision to grant a two-day public holiday during the weekend effective from April 1 is expected to promote domestic tourism. Previously, a similar two-day weekend provision introduced by the government for a short period had led to some positive improvements, tourism entr...
2 days ago