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ECONOMY

FinMin says some time needed for fiscal federalism managemen...

KATHMANDU, Aug 30: Minister for Finance Yuba Raj Khatiwada has urged one and all to show patience, saying that it would take some time for management of fiscal federalism. He also said it won’t be wise to expect results from budget for the Fiscal Year 2018/19 now, as the second month of the fiscal y...
Aug 30, 2018
ECONOMY

Road disruption hits revenue collection at Rasuwahgadhi cust...

RASUWA, Aug 30: Revenue collection by Rasuwagadhi Customs Office has come to a grinding halt as recent floods and landslides have affected vehicular movement along the lone trade route between Nepal and China. According to Gopal Koirala, the chief customs officer at Rasuwagadhi Customs Office, the o...
Aug 30, 2018
ECONOMY

After over 6 yrs, Three Gorges walking away from West Seti

KATHMANDU, Aug 30: China Three Gorges International is on the verge of walking away from the 750-MW West Seti Hydroelectric Project.
Aug 30, 2018
ECONOMY, WORLD

Colombia to create fund to help coffee growers amid low pric...

BOGOTA, Aug 29: The Colombian government will place $34 million (100 billion pesos) in a fund to help coffee farmers hurt by low international prices, the finance minister and the head of the nation’s coffee growers’ federation said on Tuesday.
Aug 29, 2018
ECONOMY, WORLD

India's soybean output may rise 20 percent in 2018/2019 - in...

KUALA LUMPUR, Aug 29: India’s soybean output is set to jump about 20 percent to over 10 million tonnes in the 2018/2019 crop year that starts in October, an industry official said on Wednesday.
Aug 29, 2018
ECONOMY

38 stranded Nepali workers in Saudi Arabia to get new jobs

KHOTANG, Aug 29: Tinjure Employment Services Pvt Ltd and Empower Overseas Pvt Ltd have agreed to provide new jobs to 38 Nepali workers who were kicked out of their jobs in Saudi Arabia. Thirteen of these workers are from Khotang district.
Aug 29, 2018
ECONOMY

SAARC Agriculture Cooperative Business Forum kicks off

KATHMANDU, Aug 29: The 1st SAARC Agriculture Cooperative Business Forum kicked off in Kathmandu on Tuesday with the objective of organizing and strengthening family farmers' cooperatives in South Asian Association for Regional Corporation (SAARC) countries.
Aug 29, 2018
ECONOMY

Nepse snaps six-day losing streak

KATHMANDU: Stocks traded lower for most of the trading session on Tuesday. The benchmark Nepal Stock Exchange (Nepse) index came under pressure from the very beginning of the trading session. However, a pullback toward the final trading hour saw the Nepse index recoup all its intraday losses to clos...
Aug 29, 2018
ECONOMY

Govt distributing subsistence allowance to unemployed citize...

KATHMANDU, Aug 29: The government will provide unemployment allowance to jobless people if the bill to ensure people’s right to employment is enacted by the parliament.
Aug 29, 2018
ECONOMY

FNCCI calls for collaboration with World Bank

KATHMANDU, Aug 29: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has called for collaboration between the World Bank and the private sector in tourism, agriculture, education, health and infrastructure development sectors.
Aug 29, 2018