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ECONOMY

Government waits before raising gold import quota

KATHMANDU, Sept 15: The Ministry of Industry, Commerce and Supplies (MoICS) has been delaying to increase the quota of gold import, exacerbating shortage of the yellow metal in the market. The Nepal Rastra Bank (NRB) had written the ministry six months ago proposing to raise the daily import quota t...
Sep 15, 2018
ECONOMY

Menu of services along Manaslu trekking route set

GORKHA, Sept 15: Following complaints from trekking guides and porters of discriminating rates based on personal acquaintance, lodges and restaurants along the Manaslu trekking route have decided that they will charge them uniform rates from now onwards. Likewise, they will also charge the trekkers...
Sep 15, 2018
ECONOMY

NFC to bring 2000 goats, mountain goats for Dashain

KATHMANDU, Sept 15: The state-run Nepal Food Corporation (NFC) is planning to bring 2,000 goats and mountain goats from various parts of the country to the capital for the Dashain festival.
Sep 15, 2018
ECONOMY

No all-weather road and power line to Hongshi-Shivam Cement

KATHMANDU, Sept 15: Hongshi-Shivam Cement Pvt. Ltd., the largest cement factory in the country, started commercial operation in May but it's production remains below capacity due to lack of electricity supply and all-weather road access.
Sep 15, 2018
ECONOMY

Participants take interest in Nepal's natural beauty in PATA...

LANGKAWI, MALAYSIA, Sept 14:  "Wow naturally Nepal, such a beauty of paradise and diversity." Kumar Subramaniam, a representative from the United Arab Emirates participating in the 41st edition of the Pacific Asia Travel Association (PATA) Travel Mart-2018, complimented a Nepali community home-stay...
Sep 14, 2018
ECONOMY

Six int'l companies shortlisted for Nagdhunga-Dhulikhel metr...

KATHMANDU, Sept 14: The government has shortlisted six companies to prepare the detailed project report (DPR) of Nagdhunga (Kathmandu)-Dhulikhel (Kavre) metro rail project.
Sep 14, 2018
ECONOMY

Fake notes circulation in Gorkha, banks urged to use detecto...

GORKHA, Sept 14: The finding about the circulation of counterfeit currency notes in Gorkha has prompted the District Administration Office here to issue directives to district-based banks and financial institutions for preventive measures.
Sep 14, 2018
ECONOMY

Pilgrims and tourists stranded in Mustang

MUSTANG, Sept 14: The pilgrims and tourists visiting Mustang district have been left at lurch as the Beni-Jomsom road section was disrupted due to flood and landslide.
Sep 14, 2018
ECONOMY

Volkswagen to stop making iconic Beetle next summer

DETROIT, Sept 14: After selling it on and off in the U.S. for nearly seven decades, Volkswagen has decided to squash its iconic Beetle.
Sep 14, 2018
ECONOMY

Nepse closes week on a high

KATHMANDU, Sept 14: Stocks witnessed significant strength since the beginning of trading on Thursday. The benchmark Nepal Stock Exchange (Nepse) index gained more than 15 points in the first half of the day's trading.
Sep 14, 2018