FNNTE demands withdrawal of petroleum price hike

Published On: January 25, 2022 09:59 AM NPT By: Republica

KATHMANDU, Jan 25: The Federation of Nepalese National Transport Entrepreneurs (FNNTE) has demanded the government withdraw the recent hike in the price of petroleum products.

KATHMANDU, Jan 25: The Pashupati Area Development Trust (PADT) has decided to revoke the agreement reached earlier with Batas Group for the operation of 'Nepal-India Friendship Dharamshala'. The agreement was reached without the approval of the Board of Directors of the PADT.

KATHMANDU, Jan 25: Nepal imported 1,103 units of electric vehicles (EVs) in the first half of the current fiscal year.

Govt to build 4 hydel projects with capacity totaling 1,371.85 MW

Published On: January 24, 2022 07:07 PM NPT By: Republica

KATHMANDU, Jan 24: The Department of Electricity Development (DoED) is carrying out the feasibility studies of four hydroelectricity projects with an accumulative capacity of 1,371.85 MW.

Nepse sees landslide fall of 100.10 points on Monday trading

Published On: January 24, 2022 04:44 PM NPT By: Republica

KATHMANDU, Jan 24: Nepal Stock Exchange (Nepse) witnessed a landslide fall of 100.10 points to close at 2,820.41 points on Monday amid lower sentiment of investors due to possible increase in liquidity position of banks.

NOC pays over Rs 13 billion to IOC with govt’s help

Published On: January 24, 2022 12:29 PM NPT By: Sangay Sherpa

KATHMANDU, Jan 24: The Nepal Oil Corporation (NOC) has paid over Rs 13 billion to the Indian Oil Corporation (IOC) for the procurement of crude oil. The NOC, which states that it has no savings left,  had no other option but to ask the Nepal government for money to pay the IOC.

KATHMANDU, Jan 24: Nepal Rastra Bank (NRB) has cautioned the people against carrying out network marketing and making investments in ‘hyper funds’ saying there is a risk of being swindled out of one’s money and capital flight from the country through such transactions.

KATHMANDU, Jan 23: Nepal Electricity Authority (NEA) has been able to reduce electricity leakage in its distribution system to 9.10 percent during mid-July and mid-December this fiscal year.

KATHMANDU, Jan 23: Nepal’s trade deficit reached Rs 880.49 billion in the first half of the current fiscal year, which was 46.64 percent more than the value during the same period last year.

KATHMANDU, Jan 23: Nepal Stock Exchange (Nepse) index on Sunday fell 10.83 points to close at 2,920.51 points.