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Only 32% capital budget spent in Province 1
Published On: March 18, 2020 09:30 AM NPT By: Binod Subedi
BIRATNAGAR, March 18: The Province 1 government has managed to spend only about 32% of development budget over the first eight months of the current fiscal year 2019/20.
Nepse continues bear market slide
Published On: March 18, 2020 09:01 AM NPT By: Republica
KATHMANDU: The index fell sharply since the beginning of the trading hour with the Nepal Stock Exchange (Nepse) index losing almost 50 points till the mid-session. The market failed to recover and continued to maintain a negative bias throughout Tuesday's session. At the close of trading, the benchmark index lost a total of 44.33 points to settle at 1,272.06 points.
Malaysian company to invest in Mygdi hydro project
Published On: March 17, 2020 01:30 PM NPT By: RSS
MYAGDI, March 17: The Malaysian Serba Dinamik Company is going to invest in the 57.3-megawatt Myagdikhola Hydroelectricity Project to be constructed in Dhaulagiri Rural Municipality.
Low big cardamom prices worry farmers
Published On: March 17, 2020 11:01 AM NPT By: Giriraj Baskota
PANCHTHAR, March 17: Til Bikram Nembang of Phaktep in Phalgunanda Rural Municipality has not sold his harvested in August last year. He has been storing the processed big cardamom waiting for the price of the cash crop to go up. But there is no sign of the price going up even though new harvesting season is approaching nearer.
Fuel prices down by Rs 2 per liter
Published On: March 17, 2020 10:58 AM NPT By: Republica
KATHMANDU, March 17: The Nepal Oil Corporation (NOC) has reduced the price of petrol and diesel/kerosene each by Rs 2 per liter.
Respite for investors as Nepse inches higher
Published On: March 17, 2020 10:46 AM NPT By: Republica
KATHMANDU: Stocks gyrated between gains and losses in the initial trading hour on Monday with the Nepal Stock Exchange (Nepse) swinging nearly 20 points toward either side of the spectrum before stabilizing at midday. Nonetheless, the market witnessed a choppy session in the latter trading hours with the index maintaining slightly positive bias throughout. At the close, the major average ended the day 3.35 points higher at 1,316.39 points.
Call to address economic impact of coronavirus outbreak
Published On: March 17, 2020 08:23 AM NPT By: Republica
KATHMANDU, March 17: Amid prevailing threat of the coronavirus, the government has expressed some concern, if not much, to check possible spread of the disease in the country. The much focus has been towards maintaining supply of essentials including preventive health kits.
Govt mulls tax rebate, subsidy for businesses hit by coronavirus
Published On: March 17, 2020 07:31 AM NPT By: Republica
KATHMANDU, March 17: The government is considering offering tax rebate and subsidy for some businesses and industries hit by the coronavirus pandemic.
Govt to extend all support to coronavirus-hit tourism industry: DPM Pokharel
Published On: March 16, 2020 10:00 PM NPT By: Republica
KATHMANDU, March 16: Deputy Prime Minister and Minister for Defence Ishwar Pokharel on Monday urged the tourism entrepreneurs to share their problems with the government which they are currently facing due to the coronavirus outbreak.
Bad roads, coronavirus fears take toll on tourism in Karnali
Published On: March 16, 2020 11:07 AM NPT By: Dhan Bahadur Budha
JUMLA, March 16: Prem Bahadur Khatri, local of Sinja Rural Municipality-2, said that in recent time the arrival of tourists has significantly declined in Nagma Rara Corridor. Earlier, in a single day 100 to 50 tourists vehicle used to pass but now transport of tourist vehicle have become completely stopped. The Nagma-Gamgadi road seems empty whole day. According to locals, bus which runs on local route and products loaded trucks only runs from the road.
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