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ECONOMY

Gwarko flyover completion delayed by three months, construct...

As the construction of the flyover at Gwarko, Lalitpur, is unlikely to be completed within the extended deadline, the construction company will face a penalty of Rs 88,000 per day.
3 days ago
ECONOMY

DoTM yet to print about 2.2 million driving licenses

The backlog of licenses which the DoTM is yet to print is about 2.2 million. However, the DoTM only has cards available to print about 1.2 million licenses.
3 days ago
ECONOMY

LMC honors Ncell for being largest institutional taxpayer in...

The Lalitpur Metropolitan City (LMC) on Tuesday honored Ncell on being recognized as the highest taxpayer under the institutional taxpayer category in the last fiscal year.
3 days ago
ECONOMY

Foreign investment commitment of Rs 20 billion expected to g...

Between mid-July and mid-December, foreign investors pledged to bring in investments worth Rs 20.78 billion. The Department of Industry (DoI) reported commitments of Rs 2.11 billion in mid-December alone.  
3 days ago
ECONOMY

River flow declines, power cuts to hit industrial areas duri...

NEA Spokesperson Chandan Kumar Ghosh said that the situation has been critical since November 19.
3 days ago
ECONOMY

Govt partners with private sector to build transmission line...

Previously, transmission line projects were solely constructed by the state-owned Nepal Electricity Authority (NEA). The agreement follows new policy arrangements enabling private sector involvement in the development of transmission infrastructure.
4 days ago
ECONOMY

Sanjen Hydropower Project starts commercial production

The power from the project has been transmitted to the national grid from Monday evening after completing all the technical and associated tests. The project had been continuing test production from its first unit since November 23. 
4 days ago
ECONOMY

SEBON Executive Director Pokharel resigns

Krishna Raj Pokharel, the executive director of the Securities Board of Nepal (SEBON), has resigned. His resignation will take effect from mid-January.
4 days ago
ECONOMY

Koirala unanimously elected president of Nepal Bankers' Asso...

The current president, Sunil KC, is set to be succeeded by Koirala, who previously served as the NBA’s vice-president.
4 days ago
ECONOMY

US Dollar and other foreign currencies rise, while European...

The Nepal Rastra Bank (NRB) has brought forth the exchange rate for foreign currency for Tuesday. According to today's exchange rate, the value of the US dollar appears to be steadily rising.
4 days ago