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NEA saves Rs 10b by reducing electricity leakage
Published On: February 17, 2020 10:33 AM NPT By: Republica
KATHMANDU, Feb 17: Nepal Electricity Authority (NEA) has reduced the electricity leakage by 9.75% in the first six months of the current fiscal year, down from 11.28% that persisted in the last fiscal year. The NEA set a target to reduce electricity leakage to 8.5% in this fiscal year.
Call to implement anti-money laundering measures in co-ops
Published On: February 17, 2020 10:30 AM NPT By: Republica
KATHMANDU, Feb 17: Nepal's cooperative sector that has remained largely unregulated faces the risk of being used for money laundering, an official of Department of Money Laundering Investigation (DoMLI) said on Sunday.
Veg prices moderate on improved supplies
Published On: February 17, 2020 10:06 AM NPT By: Republica
KATHMANDU, Feb 17: The price of vegetables has moderated over the past month mainly due to improved supplies of seasonal vegetables.
Land acquisition process begins at dam site
Published On: February 17, 2020 10:03 AM NPT By: Anil Bhandari
SINDHULI, Feb 17: Sunkoshi Marin Diversion Multipurpose Project is preparing to provide compensation to locals that will be affected by construction of dam and other infrastructures of the mega project.
Nepse rallies 20 points after Thursday’s correction
Published On: February 17, 2020 09:56 AM NPT By: Republica
KATHMANDU: Stocks witnessed slight gain in the initial trading hour on Sunday. The benchmark Nepal Stock Exchange (Nepse) index plateaued at mid-day before posting a steady advance in the latter trading hours. The Nepse index ended Sunday's trading on a firmly bullish note with a gain of 19.39 points at 1,363.97 points.
Inflation surpasses govt target to reach 6.41%
Published On: February 17, 2020 08:28 AM NPT By: Republica
KATHMANDU, Feb 17: Though the government had set a target to keep the consumer price rise below 6 percent, the average inflation has reached 6.41 percent in the first six months of the current fiscal year 2019/20.
How hydro companies are cheating shareholders
Published On: February 17, 2020 07:59 AM NPT By: Rudra Pangeni
BHATTEDANDA, LALITPUR, Feb 17: Anil Syangten, a farmer of Bhattedanda village in Lalitpur district, borrowed Rs 100,000 at 24 percent interest from a local moneylender three years ago and invested in shares of Khanikhola Hydropower Co Ltd (KKHC). He was one of the hundreds of investors who believed that investment in initial public offering (IPO) of a hydropower project was like buying gold.
EIB to provide Rs 12.4 billion grant to Nepal
Published On: February 16, 2020 06:10 PM NPT By: RSS
KATHMANDU, Feb 16: The European Investment Bank (EIB) will provide Rs 12.4 billion grant to the Government of Nepal for its electricity system upgradation project.
CIAA stresses need to revise public procurement laws
Published On: February 16, 2020 11:32 AM NPT By: Republica
KATHMANDU, Feb 16: The Commission for the Investigation of Abuse of Authority (CIAA) has stressed on the need for revising the existing Public Procurement Act to address the problems seen in the timely construction of the infrastructure projects.
Dhading women attracted to mushroom farming
Published On: February 16, 2020 11:25 AM NPT By: Sarita Shrestha
DHADING, Feb 16: Women from Damgade Batase-12, Nilkantha Municipality of Dhading have started group mushroom farming through cooperatives to generate income. The group's first harvest of mushroom has already found buyers in the district.
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