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Don’t compromise on cement quality, PAC tells govt

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KATHMANDU, Dec 24: The Parliamentary Public Accounts Committee (PAC) on Monday asked the government to continue with the old standards in cement manufacturing, reversing the ministry's recent move to implement the new rule that allows the manufacturers to produce and sell the construction material i...
Dec 24, 2019
ECONOMY, Latest Updates

Auditors should be alert to detect frauds: FinMin

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KATHMANDU, Dec 23: Minister for Finance Yuba Raj Khatiwada on Sunday urged the auditors to take caution while sanctioning financial documents, which according to him, could help minimize the cases of financial frauds and corruptions.
Dec 23, 2019
ECONOMY, Latest Updates

‘Red tape, auditing malpractice major causes of corruption’

‘Red tape, auditing malpractice major causes of corruption’
KATHMANDU, Dec 23: The Commission for the Investigation of Abuse of Authority (CIAA) has filed 206 cases against individuals for their alleged involved in corruption and irregularities in the first five months of the current fiscal year – FY2019/20.
Dec 23, 2019
ECONOMY, Latest Updates

MCA-Nepal clarifies why parliamentary ratification is needed

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KATHMANDU, Dec 23: Millennium Challenge Account Nepal (MCA-Nepal) has clarified that a condition of ratification of the agreement for the grant of US$ 500 million from the Millennium Challenge Corporation, known as MCC Compact, by the Nepali parliament was a 'standard norm' used by the MCC to ensure...
Dec 23, 2019
ECONOMY, Latest Updates

Northern base camp of Annapurna to be promoted

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MYAGDI, Dec 23: Annapurna Rural Municipality of Myagdi is taking initiatives for promoting of a trekking trail to the northern base camp of Mount Annapurna (8,091 meters).
Dec 23, 2019
ECONOMY

Nepse ends in green in choppy trade

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KATHMANDU: Stocks witnessed some volatility on Sunday as the Nepal Stock Exchange (Nepse) index revolved between gains and losses throughout the day. At the end, the Nepal Stock Exchange (Nepse) index closed the day at 1,150.81 points with a minimal gain of 1.17 points.
Dec 23, 2019
ECONOMY, Latest Updates

Upper Bhotekoshi starts commercial production

Upper Bhotekoshi starts commercial production
CHAUTARA, Dec 22: The 45-megawatt Bhotekoshi Hydropower Project based in Sindhupalchowk has started commercial production. The project started commercial power generation following the two-week-long test transmission, said project chief executive officer Bikram Sthapit.
Dec 22, 2019
ECONOMY, Latest Updates

Upper Karnali project expected to resume after long hiatus

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SURKHET, Dec 22: Locals are elated with hopes that the impasse regarding construction of the proposed Upper Karnali Hydropower Project will end, as the Bangladeshi government has approved purchasing electricity produced by the Indian developer Grandhi Mallikarjuna Rao (GMR).
Dec 22, 2019
ECONOMY, Latest Updates

Re-entry work permit from abroad uncertain in ‘lack of insur...

Re-entry work permit from abroad uncertain in ‘lack of insurance’
KATHMANDU, Dec 22: Following a decision to provide work permit and re-entry work permit to Nepali migrant workers from provinces and destination countries, officials at the Ministry of Labor, Employment and Social Security were optimistic that the move would help address one of the major problems fa...
Dec 22, 2019
ECONOMY, Latest Updates

China ready to purchase electricity from Nepal

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RASUWA, Dec 22: The government of China has agreed to purchase electricity produced in Nepal. During a joint technical meeting between Nepal Electricity Authority (NEA) and State Grid Corporation of China (SGCC) on Saturday, the Chinese government has signed an agreement to purchase electricity from...
Dec 22, 2019