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Govt lifts ban placed on import of luxury vehicles
Published On: March 23, 2021 06:30 AM NPT By: Republica
KATHMANDU, March 23: The government has lifted a ban on import of the luxury vehicles that had been in place since the government enforced a nationwide lockdown on March 24 last year.
Govt waives electricity demand charges for hotels to help them recover losses during peak COVID-19 period
Published On: March 22, 2021 12:25 PM NPT By: Republica
KATHMANDU, March 22: The government has decided to waive the electricity demand charges of the lockdown period for the hotel and restaurant industry that are hard hit by the COVID-19 pandemic. A cabinet meeting held recently took a decision to this effect.
Nepal imports goods worth Rs 1.25 billion in single month as economic activities start rebounding
Published On: March 22, 2021 10:04 AM NPT By: Republica
KATHMANDU, March 22: Imports have risen as economic activities, which slowed down due to COVID-19, have resumed in the country. The import has increased as the consumption has increased in the country.
NTB to lead 25 companies at SATTE to promote domestic tourism
Published On: March 21, 2021 07:35 PM NPT By: RSS
KATHMANDU, March 21: Nepal Tourism Board (NTB) has geared up preparations to revive domestic tourism hit hard by the coronavirus pandemic. The NTB will be taking part in the South Asia Travel and Tourism Exchange (SATTE) to be organised by the International Tourism Promotion Board in India.
Tiger Palace Resort accused of misusing bank loans
Published On: March 21, 2021 07:25 PM NPT By: Republica
KATHMANDU, March 21: Tiger Palace Resort, which has been falling into a number of controversies ever since its inception, has been of late accused of misusing bank loans.
Stocks rally backed by improved volumes
Published On: March 21, 2021 06:45 PM NPT By: Republica
KATHMANDU, March 21: Local equities stretched its prior week gaining spree as Nepse kicked off week with a substantial advance. The index climbed as high as 2,511 points in the morning but saw a pullback at mid-day. Nonetheless, the market remained firmly in control of bulls in latter trading hours. The index rose around 60 points in the afternoon and plateaued thereafter. A closing minutes’ rise saw the benchmark end with a gain of 63.38 points at 2,538.47.
NAC in final stage of selling its Boeing 757-200 aircraft to American company
Published On: March 21, 2021 01:05 PM NPT By: Minraj Bhandari
KATHMANDU, March 21: In order to sell its Boeing 757-200 aircraft, the national flag carrier Nepal Airlines Corporation (NAC) has sent a final agreement to the American company CSDS Aircraft Sales and Leasing Company. Stating that the sale process could not be taken forward earlier due to the long lockdown, the NAC said that the process would be completed soon.
India expresses concerns over growing export of soybean oil from Nepal to India
Published On: March 21, 2021 06:30 AM NPT By: Republica
KATHMANDU, March 21: India has expressed concern over growing export of soybean oil from Nepal to India even as Nepal has extremely low production of its raw materials.
Govt body starts feasibility study to set up mobile phone assembling plants in Nepal
Published On: March 20, 2021 06:00 PM NPT By: Republica
KATHMANDU, March 20: Nepal Telecommunications Authority (NTA) has started a feasibility study to install assembling and refurbishing plants of mobile phone sets inside the country.
Rural Electrification Project worth Rs 4 billion to start in Province 2
Published On: March 19, 2021 07:30 PM NPT By: Republica
KATHMANDU, March 19: A contract agreement has been signed to improve the electricity transmission and distribution system of eight districts in Province 2. The Nepal Electricity Authority (NEA) and Tata Project Limited on Wednesday signed a contract worth around Rs 4 billion for the implementation of Province 2 Rural Electrification Project.
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