KATHMANDU, June 20: Five proposals seeking deduction in expenditure have been presented in course of ongoing deliberations on different topics of Appropriation Bill-2076 in today's meeting of the House of Representatives.

41 MW to be added to national grid by mid-September

Published On: June 20, 2019 11:19 AM NPT By: Republica

DOLAKHA, June 20: Three of six hydropower projects being developed by the private sector in northern Dolakha are starting generation before Dashain festival i.e. mid-September.

Hyatt Regency resumes operations

Published On: June 20, 2019 10:02 AM NPT By: Republica

KATHMANDU, June 20: Workers of Hyatt Regency Kathmandu have withdrawn their protest program with immediate effect.

KATHMANDU, June 20: The external sector position of the country continues to deteriorate in the tenth month of the current Fiscal Year 2018/19 with the balance of payment (BoP) slipping into a deficit of Rs 68.2 billion.

Stocks unchanged in range-bound trading

Published On: June 20, 2019 04:00 AM NPT By: Republica

KATHMANDU, June 20: Market opened for trading on an upbeat note on Wednesday and climbed higher initially. However, a sharp decline followed, dragging the index to red by midday.

Govt's plan to buy 300 electric buses in quandary

Published On: June 20, 2019 03:30 AM NPT By: Himal Lamsal

KATHMANDU, June 20: On December 24 last year, the council of ministers had decided to buy 300 electric buses to be run in the Kathmandu Valley. Five months later, there is no sign that the decision will be implemented.

Remittance up by 20 %

Published On: June 19, 2019 07:30 PM NPT By: RSS

KATHMANDU, June 19: Despite the declining number of people leaving for foreign jobs, the remittance into the country has increased by 20 percent, according to Nepal Rastra Bank report.

Flood causes damage to Arun Third project

Published On: June 19, 2019 10:01 AM NPT By: RSS

KHANDBARI, June 19: Flood triggered by rain at several places of Makalu rural municipality of Sankhuwasabha district on Monday evening has caused damage to the structures of the under-construction Arun Third Hydroelectricity Project.

Dev banks seek flexibility in prudential lending limit

Published On: June 19, 2019 08:25 AM NPT By: Republica

KATHMANDU, June 19: Development Bankers Association Nepal (DBAN) has urged the Nepal Rastra Bank (NRB) to allow 'B' class development banks to deduct loans floated to agriculture sector in excess to the regulatory requirement in the credit to core capital plus deposit (CCD) ratio.

KATHMANDU, June 19: The Ministry of Finance (MoF) has transferred Rs 84.51 million from one budget heading to another to finance foreign junkets of top-ranking functionaries and officials in the past two months alone.