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ECONOMY, Latest Updates

Drop in rice production likely to hit national economy

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KATHMANDU, Jan 4: A noticeable fall in the rice production this year is likely to beat national economy. Experts predict that it would have its implications on the Gross Domestic Product.
Jan 04, 2020
ECONOMY, Latest Updates

IBN shortlists proposals for 14 projects worth $11.88 billio...

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KATHMANDU, Jan 4: The Investment Board of Nepal (IBN) has said that it has completed prequalification process of 14 out of a total of 50 projects showcased during the Nepal Investment Summit 2019 held in March.
Jan 04, 2020
ECONOMY, Latest Updates

Paddy output down 1% in current fiscal year from record high

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KATHMANDU, Jan 4: Paddy production in the current Fiscal Year 2019/20 has declined by one percentage point, or 59,000 tons, to 5.55 million tons, according to a government projection.
Jan 04, 2020
ECONOMY, Latest Updates

Electricity bill gives licensing authority for projects belo...

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KATHMANDU, Jan 4: The Electricity Act, 2076 Bill has proposed delegating the authority to issue license for the construction and operation of electricity projects up to the capacity of 3 megawatt to the local level governments.
Jan 04, 2020
ECONOMY, Latest Updates

Former prime minister Pushpa Kamal Dahal inaugurates Rs 120-...

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SINDHULI, Jan 4: Targeting Visit Nepal Year (VNY), Chetana Village Resort has come into operation at Khaniya Kharka in the district. Operator of the resort, Yadav Humagain said the total investment for the resort stood at Rs 120 million.
Jan 04, 2020
ECONOMY, Latest Updates

Gold hits new record of Rs 74,500 a tola

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KATHMANDU, Jan 4: The price of gold has hit a new record of Rs 74,500 per tola (11.664 grams) in the domestic market on Friday.
Jan 04, 2020
ECONOMY, Latest Updates

Govt inks deal to ensure clearance of all dues to sugarcane...

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KATHMANDU, Jan 4: The agitating sugarcane farmers have called off their protest following a five-point agreement with the government Friday.
Jan 04, 2020
ECONOMY, Latest Updates

34 domestic airport runways blacktopped

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KATHMANDU, Jan 3: Of the total 55 domestic airports currently in operation across the country, the runways of 34 airports have been blacktopped.
Jan 03, 2020
ECONOMY, Latest Updates

Govt, cane farmers ink five-point deal, farmers to receive d...

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KATHMANDU, Jan 3: Agitating sugarcane farmers and the government on Friday evening reached a five-point agreement regarding outstanding payments to be received by the farmers from the sugar mill owners.
Jan 03, 2020
ECONOMY, Latest Updates

Annapurna Sugar Mill pays Rs 5 million dues to farmers, vows...

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KATHMANDU, Jan 3: The owner of Annapurna Sugar Mill Rakesh Agrawal has informed the Ministry of Industry, Commerce and Supplies (MoICS) that a total of Rs 5 million due amount has been paid to the sugarcane farmers on Thursday and Friday.
Jan 03, 2020