myRepublica - The New York Times Partner, Latest news of Nepal in English, Latest News Articles

Budget for tourism sector slashed by 51%

Published On: June 1, 2019 09:03 AM NPT By: Nikeeta Gautam

KATHMANDU, June 1: The government has slashed the budget for tourism sector by 51% to Rs 2.68 billion for the next fiscal year. The budget cut may hit the priority sector, including the ambitious plan of doubling the inflow of foreign tourists in the next fiscal year.

Global shares mostly fall on trade worries on Trump tariffs

Published On: May 31, 2019 06:30 PM NPT By: Associated Press

TOKYO, May 31: Global shares were mostly lower Friday as trade worries continued after U.S. President Donald Trump announced additional tariffs on imports from Mexico.

China factory activity falls contracts in May amid dispute

Published On: May 31, 2019 02:57 PM NPT By: Associated Press

BEIJING, May 31: China’s factory activity fell into contraction territory in May amid an ongoing trade dispute with the U.S. that has seen higher tariffs slapped on Chinese exports.

Renowned industrialist Prabhakar Sumsher Rana passes away

Published On: May 31, 2019 12:11 PM NPT By: Samriti Maharjan

KATHMANDU, May 31: Renowned industrialist Prabhakar Sumsher Rana passed away in the United States on Thursday. He was 84.

Access to finance biggest obstacle to growth for private sector

Published On: May 31, 2019 07:49 AM NPT By: Sagar Ghimire

KATHMANDU, May 31: Access to finance has emerged as the biggest obstacle to Nepali firms after the country headed toward political stability and stable supply of electricity, a recent survey carried out jointly by Nepal Stock Exchange (Nepse) and The Milken Institute (MI) shows.

Federal budget receives mix reaction in provinces

Published On: May 31, 2019 07:40 AM NPT By: Republica

May 31: The budget unveiled Wednesday for the fiscal year 2019/20 has drawn a mixed reaction from the seven provinces. Some provinces have welcomed the budget for allocating funds for projects prioritized by the provincial governments while others have criticized it for failing to introduce any new programs or to understand the needs of the respective provinces.

Finance minister defends funds for lawmakers

Published On: May 31, 2019 06:00 AM NPT By: Sagar Ghimire

KATHMANDU, May 31: Amid widespread criticism of the government decision to hike the development fund for lawmakers, Finance Minister Yuba Raj Khatiwada on Thursday defended the 'distributive' budget saying that the government cannot ignore voices of elected representatives in a democratic system.

'Implementation will be challenging'

Published On: May 31, 2019 04:30 AM NPT By: Republica

KATHMANDU, May 31: Minister for Finance Yuba Raj Khatiwada unveiled budget for Fiscal Year 2019/20 in parliament on Wednesday.

Nepse closes higher as budget lifts investor sentiment

Published On: May 31, 2019 04:00 AM NPT By: Republica

KATHMANDU, May 31: The benchmark Nepal Stock Exchange (Nepse) opened the day on a firmly bullish note starting the day's trading more than 10 points higher.

Asian Resilience Summit opens tomorrow

Published On: May 30, 2019 07:00 PM NPT By: RSS

KATHMANDU, May 30: The First Asian Resilience Summit 2019 is opening in Kathmandu on June 31. The two-day summit is co-hosted by the Nepal Tourism Board, the Global Travel and Tourism Resilience Council (GTTRC), the Pacific Asia Travel Association (PATA) and the United Nations World Tourism Organization (UNWTO).