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Gandaki CM threatens to shut down illegal crusher plants

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KATHMANDU, Nov 29: Chief Minister of Gandaki Province Prithvi Subba Gurung has warned to shut down crusher industries operating against set guidelines and standard.
Nov 29, 2018
ECONOMY

NRB allows BFIs to deduct subsidized loans in CCD ratio

NRB allows BFIs to deduct subsidized loans in CCD ratio
KATHMANDU, Nov 29: Nepal Rastra Bank (NRB) has taken a flexible policy for commercial banks in terms of calculation of their prudential lending limit known as credit to capital plus deposit ratio (CCD), amid a shortage of lendable fund in the banking system.
Nov 29, 2018
ECONOMY

PAC seeks further probe into wide-body aircraft purchase

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KATHMANDU, Nov 29: Public Accounts Committee (PAC) of the parliament directed the Public Procurement Monitoring Office (PPMO) Wednesday to investigate the alleged ‘misuse’ of fund in the procurement of two wide-body A330-200 Airbus planes by Nepal Airlines Corporation (NAC).
Nov 29, 2018
ECONOMY

Mahindra Powerol launches various ranges of new generators i...

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KATHMANDU, Nov 28: Mahindra Powerol Mahindra Group has announced its entry into the higher kVA diesel generators (DG) with the launch of its all new range of250/320kVA DGs powered by Mahindra mPower series engines.
Nov 28, 2018
ECONOMY

Govt committed to making NAC services effective, says Civil...

Govt committed to making NAC services effective, says Civil Aviation Minister
KATHMANDU, Nov 28: Minister for Culture, Tourism and Civil Aviation Rabindra Adhikari has said the government was committed to making the services of Nepal Airlines Corporation (NAC) effective and expanded the number of its destinations.
Nov 28, 2018
ECONOMY

PAC directs PPMO to investigate irregularities in wide body...

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KATHMANDU, Nov 28: The Public Accounts Committee of the Parliament on Wednesday directed the Public Procurement Monitoring Office (PPMO) to investigate the alleged ‘misuse’ of fund in the procurement of wide body aircraft and submit a report about it within a week.
Nov 28, 2018
ECONOMY

Nepal imports 86 per cent mobile sets from China

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KATHMANDU, Nov 28:  Nepal imported 86 per cent of the country’s total mobile sets from China as of the first quarter of the current fiscal year 2018-19 that began in mid-July, the Department of Customs (DoC) said.
Nov 28, 2018
ECONOMY

Ghalemdi Hydropower Project in final stage

Ghalemdi Hydropower Project in final stage
MYAGDI, Nov. 28: The construction works of Ghalemdikhola Hydropower Project have progressed around 90 percent of the total physical infrastructure. The project of 5.5-megawatt capacity is likely to come into operation within four months, the officials said.
Nov 28, 2018
ECONOMY

Nepse ends slightly higher after 3-day losing streak

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KATHMANDU, Nov 28: Following the sustained sell-off in the previous sessions, the benchmark Nepal Stock Exchange (Nepse) index took off with a positive start on Tuesday. The advance in the beginning hours saw the Nepse index recoup all of the previous day's losses adding more than 6 points by mid-se...
Nov 28, 2018
ECONOMY

New PAF vice-president assumes office

New PAF vice-president assumes office
KATHMANDU, Nov 28: Newly appointed vice-president of Poverty Alleviation Fund Nirmal Kumar Bhattarai assumed office on Monday. Immediately after assuming office, he pledged to get rid of corrupt people in the organization and vowed to work for the common people. Bhattarai, who hails from Terhathum d...
Nov 28, 2018