header banner

Economy

Latest

ECONOMY

Saudi Fund threatens to stop supporting Sikta if contractor...

KATHMANDU, June 27: The Saudi Fund for Development (SFD) has threatened to stop its financial support for the under-construction Sikta Irrigation Project in Banke as the contractor didn’t carry out the construction work as per the deadline.
Jun 27, 2018
ECONOMY

Nuwakot DAO asks oxygen industry to halt construction work

NUWAKOT, June 27: District Administration Office (DAO) Nuwakot has directed Siddhi Ganesh Oxygen Gas Industries to stop construction of its office and production plant.The office sent a letter to officials of the industry to stop all construction works, stating that industry was illegally extracting...
Jun 27, 2018
ECONOMY

Bilateral talks silent on West Seti, Budhigandaki

KATHMANDU, June 27: Works on two important hydropower projects -- West Seti and Budhigandaki-- have failed to gain momentum despite the government commitment to harness hydropower potentials by building reservoir-based plants.
Jun 27, 2018
ECONOMY

29 tons of coffee exported from Gulmi, Palpa

PALPA, June 27: Gulmi and Palpa districts have exported a combined 29 tons of coffee in the current fiscal year. Two companies alone -- Highland Coffee Promotion and Nepal Organic Coffee Product – collect coffee produced in these districts and exported them to countries like the US, South Korea, Jap...
Jun 27, 2018
ECONOMY

Nepse below 1,200 points as stocks extend losses

KATHMANDU, June 27: Nepal Stock Exchange (Nepse) fell below 1,200-point mark on Tuesday. Weakness was visible in the equity market since the beginning of Tuesday's trading with the benchmark index dropping 6 points early in the session.
Jun 27, 2018
ECONOMY

NRB to unveil monetary policy next week

KATHMANDU, June 27: Nepal Rastra Bank (NRB) is preparing to unveil monetary policy for the upcoming fiscal year next week. According to officials of the NRB, the central bank is at the final stage of preparing the draft of monetary policy for Fiscal Year 2018/19.
Jun 27, 2018
ECONOMY, WORLD

Brexit halves new investment in British car industry, auto i...

LONDON, June 26: Uncertainty over Brexit has halved new investment in the British car industry as Prime Minister Theresa May’s government current plans for trade after Britain leaves the EU are unrealistic, the biggest car manufacturing lobby said on Tuesday.
Jun 26, 2018
ECONOMY

Coliform found in 33 of 36 milk samples collected in capital

KATHMANDU, June 26: A microbiological test of samples conducted by Department of Food Technology and Quality Control (DoFTQC) showed that 33 of the tested 36 packaged milk brands had coliform bacteria. This shows that only three milk brands are safe to consume.
Jun 26, 2018
ECONOMY

Govt accepting Rs 25 billion off-budget foreign aid annually

KATHMANDU, June 26: The government is accepting an annual of Rs 24.63 billion ($225.87 million) annually in technical and other assistance from various bilateral and multilateral agencies that is not reflected in the annual budget.
Jun 26, 2018
ECONOMY

12-member team off to Toulouse to take delivery of wide-body...

KATHMANDU, June 26: A 12-member team has left for Toulouse of France to take delivery of the wide-body aircraft of Nepal Airlines Corporation (NAC).  According to Nepal Airlines Corporation, they team will take delivery of first of the two Airbus A330-200 aircraft ordered by the national flag carrie...
Jun 26, 2018