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ECONOMY

Mountain Glory Forest Resort and Spa in Pokhara eyes affluen...

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POKHARA, April 19: Dense Nirmal Pokhari forest on the top, Seti River flowing beneath, and chirping of birds all around make the whole ambience magnificent. Machhapuchchhre and Annapurna in the distance give a spectacular view when the sky is clear. For an outsider who reaches Mountain Glory Forest...
Apr 19, 2019
ECONOMY

New Suzuki Wagon R arrives in Nepal

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KATHMANDU, April 18: CG Motocorp, the authorized distributor of Suzuki four-wheelers for Nepal, has launched the third generation Wagon R.
Apr 18, 2019
ECONOMY

PM inaugurates Soaltee West End Premier Hotel

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KATHMANDU, April 18: Prime Minister Khadga Prasad Oli on Tuesday inaugurated the Soaltee West End Premier Hotel in Nepalgunj.
Apr 18, 2019
ECONOMY

Two ‘sick’ NEA projects starting generation by mid-July

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KATHMANDU, April 18: Two 'sick' hydropower projects being developed by Nepal Electricity Authority (NEA) are on the last leg of construction. Nepal Electricity Authority (NEA) has said that Kulekhani III and Upper Trishuli 3A will start power generation by mid-July.
Apr 18, 2019
ECONOMY

NRB governor sees economy growing by 7% this fiscal year

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BIRATNAGAR, April 18: Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal has said that the economy will grow by more than 7 percent this fiscal year.
Apr 18, 2019
ECONOMY

Subsidized loan scheme fails to pick up

Subsidized loan scheme fails to pick up
KATHMANDU, April 18: Though it has been nearly six months that the government introduced concessional loan scheme for various groups, including workers returning from foreign employment, women entrepreneurs and people from the ‘Dalit’ community, the total amount of loans floated by bank and financia...
Apr 18, 2019
ECONOMY

India's Jet Airways to suspend operations after banks reject...

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MUMBAI/NEW DELHI, April 17: India’s embattled Jet Airways Ltd is set to temporarily halt operations from Wednesday onward after its lenders rejected the airline’s plea for emergency funds, three sources from inside the company said on Wednesday.
Apr 17, 2019
ECONOMY

Funds collected for social security schemes already spent

Funds collected for social security schemes already spent
KATHMANDU, April 17: Social Security Fund (SSF) has no cash to run social security programs immediately as the government has not provided it Rs 22 billion collected for the purpose over the last eight years.
Apr 17, 2019
ECONOMY

External sector position continues to worsen

External sector position continues to worsen
KATHMANDU, April 17: Balance of Payments (BoP) deficit widened in the eighth month of the current fiscal year, indicating the worsening external sector position of the country.
Apr 17, 2019
ECONOMY

Tea factories agree to pay laborers minimum wage

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ILAM, April 17: Tea factories in Suryodaya Municipality of Ilam have expressed commitment to implement minimum pay fixed by the government for the time being. Owners of tea factories, however, have said that they will launch protest against the government if their demands are not addressed.
Apr 17, 2019