KATHMANDU, Dec 13: Expenditures for the two houses of parliament and the provincial assemblies will be at least three times that of the previous constituent assembly-turned parliament. The annual expenditure of the 601-member parliament was around Rs 1.40 billion, and this expenditure will now soar to Rs 4.25 billion, according to a study of all legislatures and their secretariats prepared in July by the parliament secretariat.
KATHMANDU, Dec 10: In what can be termed a landmark achievement in the country's hydroposer sector, Independent Power Producers (IPPs) are now at the same level with the Nepal Electricity Authority (NEA) in terms of installed capacity of hydrpower projects.
KATHMANDU, Nov 30: The government piled pressure on project managers to publish tender notices for 12 various road projects worth Rs 10 billion as part of the postal highway scheme just a month before the local level elections in Province 2 on September 18.
KATHMANDU, Nov 30: Alarmed by indicators such as whopping growth imports, slowdown in remittance growth, and downward trend of revenue collection on several products, the government’s chief revenue officer fears that the country is on the verge of financial crisis.
KATHMANDU, Nov 28: Contractors handling small road projects in several towns and rural areas are yet to receive payments for works completed in the last fiscal year. Some have not received payments for multi-year projects completed in the current fiscal year.
KATHMANDU, Nov 19: Works of Budhigandaki Hydroelectric Project have remained at a standstill for at least the last six months, particularly due to controversies over handing over the project’s contract to a Chinese company.
KATHMANDU, Nov 15: Among thousands of candidates vying for public offices in the upcoming elections are dozens of contractors who have won bids to build roads, bridges and other infrastructure projects. Major political parties have fielded them as both first-past-the-post (FPTP) and proportional representation (PR) candidates.
KATHMANDU, Nov 5: Japan International Cooperation Agency (JICA) had handed over relief materials to the Ministry of Home Affairs (MoHA) for distribution to the flood victims in the eastern and central tarai plains in mid-August. But those relief materials have not been distributed yet.
KATHMANDU, Oct 27: Several domestic and international firms were eying to build Tamakoshi-3, a hydroelectricity project of 650 MW capacity. They were hopeful for a call for competitive bidding, but a sudden move by Energy Secretary Anup Kumar Upadhyaya to award the project’s license to TBI Holdings left them utterly disappointed.
KATHMANDU, Oct 8: Transportation cost on Nepal's third country imports and exports via India has come down by at least Rs 15,000 per container after India waive Goods and Services Tax (GST) on all transit services provided to Nepal.
KATHMANDU, Sept 16: The issue of land purchase for Dharan airport is one of the reasons behind the annual budget of the Civil Aviation Authority of Nepal (CAAN) not being approved on Sunday, when a meeting of the CAAN board was scheduled.
KATHMANDU, Sept 12: Two sugar mills have signed initial agreements with the government to produce electricity. If it goes as planned, Indu Shankar Chini Udyoug Ltd will generate three megawatts of electricity from December by rotating an additional turbine by the steam of existing boiler. The mills use bagasse, a residue of sugar cane crushing, to heat the boiler.
KATHMANDU, Sept 5: Small contractors - of class 'C' and 'D' categories - have alleged office-bearers of Federation of Contractors Association of Nepal (FCAN) of being self-centered and forming a cartel to win contracts.
KATHMANDU, Sept 1: Nepal Oil Corporation (NOC) has been keeping infrastructure development fee, which it charges from the end customers, in its profit accounts. Such profits are directly allocated to the corporation’s staff bonus and other incentives, NOC balance sheet shows.
As per the balance sheet of 2015/16, NOC has put the fee into its profit accounts.