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ECONOMY

New base rate formula to lower lending rate

KATHMANDU, Dec 27: Nepal Rastra Bank (NRB) has revised the base rate calculation formula for bank and financial institutions (BFIs) that will lower interest rates on loans by at least 0.75 percentage point.
Dec 27, 2018
ECONOMY

Army seeks Rs 680 million as incentive for staff

KATHMANDU, Dec 27: Nepal Army has sought a total of Rs 680 million as incentive payment for staff deployed to build the Kathmandu-Tarai Expressway or fast-track.
Dec 27, 2018
ECONOMY

More investment needed to boost farm production: Agri secy

KATHMANDU, Dec 27: Secretary of the Ministry of Agriculture and Livestock Development, Yubak Dhoj GC, on Wednesday said that the country's agricultural sector is lagging behind other sectors of the economy due to lack of investment.
Dec 27, 2018
ECONOMY

NTA chairperson Jha resigns

KATHMANDU, Dec 26: The chairperson of Nepal Telecom Authority Digambar Jha has resigned from the post.
Dec 26, 2018
ECONOMY

Equal pay for equal labor to implemented: Minister Bista

KATHMANDU, Dec 26: Minister for Labour, Employment and Social Security Gokarna Bista has stated that the government was committed towards effective implementation of the equal work and equal pay.
Dec 26, 2018
ECONOMY

Nepal to purchase own rail from India: Transport minister

KATHMANDU, Dec 26: Minister for Physical Infrastructure and Transport Raghubir Mahaseth has said that the government has started process of purchasing its own passenger train instead of using Indian train on lease.
Dec 26, 2018
ECONOMY

‘No changes in Fast Track starting point’

KATHMANDU, Dec 26: “Khokana of Lalitpur district will be the starting point of the Kathmandu-Tarai Expressway, and this won’t be changed,” Minister for Physical Infrastructure and Transport Raghubir Mahaseth said.
Dec 26, 2018
ECONOMY

Tourism minister says not involved in wide-body jets procure...

KATHMANDU, Dec 26: Minister for Culture, Tourism and Civil Aviation Rabindra Adhikari has made it clear that he was not involved in wide-body aircraft procurement process.
Dec 26, 2018
ECONOMY

Lumbini hosting Buddhist Int'l Travel Mart from January 10

KATHMANDU, Dec 26: Nepal Association of Tour and Travel Agents (NATTA) is organizing 1st Buddhist International Travel Mart (BITM) in Lumbini in the second week of January.
Dec 26, 2018
ECONOMY

CMC’s vendors seek govt assurance on payment

KATHMANDU, Dec 26: Local suppliers and vendors of CMC claim that the Italian contractor owes them around Rs 1.5 billion in payments.
Dec 26, 2018