Himal Lamsal

The contributor for Republica.
news@myrepublica.com

Nepal imports EVs worth Rs 15 billion in 7 months of current FY

Published On: February 26, 2024 09:20 PM NPT By: Himal Lamsal

KATHMANDU, Feb 26: In the seven months of the current fiscal year, the government has collected Rs 6.62 billion in revenue from the import of electric vehicles (EVs) worth Rs 15 billion.

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Govt struggles to turn two dozen tunnel plans into reality despite budget allocation

Published On: February 23, 2024 09:30 PM NPT By: Himal Lamsal

KATHMANDU, Feb 23: Despite making ambitious plans for expanding the tunnels in the country, the government is facing obstacles in implementation of the plans. Although the government has planned the construction of two dozen tunnels, only one such project is currently underway.

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Progress of road construction under National Pride Project lags behind target

Published On: February 15, 2024 08:15 AM NPT By: Himal Lamsal

KATHMANDU, Feb 15: The progress of road projects listed under the national pride project has been observed to be sluggish during the first six months of the current fiscal year. There are only seven road projects designated as national pride projects, but the physical advancement of all these projects has been slow.

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Demand for roses during Valentine's Day hits 350,000, generating business worth Rs 35 million in Nepal

Published On: February 14, 2024 08:20 PM NPT By: Himal Lamsal

KATHMANDU, Feb 14: About 350,000 units of roses (Dutch Rose) were traded across Nepal during Valentine's week.

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Inquiry committee commences work to resolve trunk line and dedicated tariff dispute after 15-day delay

Published On: February 6, 2024 10:30 AM NPT By: Himal Lamsal

KATHMANDU, Feb 6: The inquiry committee formed to resolve the dedicated feeder and trunk line tariff dispute has started its work 15 days late. The Council of Ministers had formed an inquiry committee under the leadership of former Supreme Court Justice Girish Chandra Lal on January 9.

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Gwarko flyover construction faces delays due to technical problems

Published On: February 5, 2024 08:30 AM NPT By: Himal Lamsal

KATHMANDU, Feb 5: The construction of the Gwarko flyover on the ring road section should be completed within February 24 as per the contract agreement reached with the builder.

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Will embossed number plates be installed to 2,400,000 vehicles within two years?

Published On: January 28, 2024 03:20 PM NPT By: Himal Lamsal

KATHMANDU, Jan 28: With the failure of the plan to install embossed number plates to vehicles as per the contract agreement, the government has extended the contract with the contractor company by two years. In order to install embossed number plates in the initial phase, an agreement was signed between the Department of Transport Management (DoTM) and Decatur Tiger IT of Bangladesh on May 30, 2016 to install embossed number plates to 2,500,000 vehicles within five years, i.e. by November 27, 2023.

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Lack of disaster preparedness causing severe damages to hydropower projects in Nepal

Published On: January 27, 2024 09:50 PM NPT By: Himal Lamsal

KATHMANDU, Jan 27: On June 14, 2023, the employees working in the under-construction Super Hewakhola hydropower project at Chainpur, Sankhuwasabha, went to sleep after having dinner. The heavy flood in Hewakhola at around 9:30 PM not only washed away 18 workers along with their tents built on the river bank, but also damaged more than half a dozen structures of the project.

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Govt introduces Green Hydrogen Policy to reduce dependence on petroleum products

Published On: January 26, 2024 01:37 PM NPT By: Himal Lamsal

KATHMANDU, Jan 26: The government has introduced the Green Hydrogen Policy, 2080 BS with an aim to promote the green hydrogen sector. The policy aims to advance the production and utilization of green hydrogen by using electricity produced from renewable sources such as hydropower to minimize the impacts of climate change.

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Challenges in embossed number plate project: Only 78,000 plates installed in eight years

Published On: January 23, 2024 01:39 PM NPT By: Himal Lamsal

KATHMANDU, Jan 23: The Department of Transport Management (DoTM) has installed 78,000 embossed number plates on vehicles in eight years amidst disputes and confusion.

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Excavation of Siddhababa tunnel commences after 22 months of signing contract

Published On: January 20, 2024 09:45 AM NPT By: Himal Lamsal

KATHMANDU, Jan 20: After 22 months of signing the contract, the construction of the Siddhababa tunnel connecting Butwal and Palpa has commenced. The 1.126 km long Siddhababa tunnel has been under excavation since last week.

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Chinese contractor dilly-dallying Kanchanpur-Kamala road upgradation work

Published On: January 18, 2024 06:32 PM NPT By: Himal Lamsal

KATHMANDU, Jan 18: Only 41 percent of the work has been completed in 39 months due to the dilly-dallying of the Chinese contractor company.

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NEA reconnects electricity supply to industries after 22 days

Published On: January 15, 2024 07:55 AM NPT By: Himal Lamsal

KATHMANDU, Jan 15: The Nepal Electricity Authority (NEA) has reconnected electricity supply to all 23 industries that have not paid dues for trunk and dedicated lines. A meeting of the board of directors of the NEA on Friday decided to reconnect the electricity lines to the industries.

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Nepal’s public debt surges by Rs 1.3 trillion in five and a half years

Published On: December 26, 2023 07:45 PM NPT By: Himal Lamsal

KATHMANDU, Dec 26: In the period of five and a half years, the public debt liability of the Government of Nepal has surged by Rs 1.3 trillion.

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NPC targets to generate 11,769 MW of electricity in next five years

Published On: December 26, 2023 07:15 PM NPT By: Himal Lamsal

KATHMANDU, Dec 26: In the second draft of the 16th Plan (Fiscal Year 2024/25-2028/29), the National Planning Commission (NPC) has set a target of generating 11,769 megawatts of electricity in the next five years.

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Public debt increases by Rs 72 billion in first five months of current FY

Published On: December 21, 2023 09:00 PM NPT By: Himal Lamsal

KATHMANDU, Dec 21: In the first five months of the current fiscal year, the government's public debt liability has increased by about Rs 72 billion.

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NRB releases first quarter review of monetary policy

Published On: December 8, 2023 03:00 PM NPT By: Himal Lamsal

KATHMANDU, Dec 8: Nepal Rastra Bank (NRB) has, through the first-quarter review of the monetary policy for the current fiscal year 2023/24, decided to reduce the risk weight of real estate loans and maintain the risk weight for share mortgage loans exceeding 50 million at 125 percent.

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Axiata’s Ncell exit smacks of intention to evade capital gains tax

Published On: December 4, 2023 08:01 PM NPT By: Himal Lamsal

KATHMANDU, Dec 4: Axiata has carried out opaque transactions while selling the 80 percent stake it owned in Ncell. The shares were sold at a low price with the aim of evading taxes without informing the regulatory authorities of Nepal. Stakeholders have said that there was an attempt to evade capital gains tax in the purchase and sale of Ncell in 2016, and even now they are trying to evade revenue by buying and selling shares in an opaque manner.

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Delay in construction of Narayanghat-Butwal road: ADB warns termination of contract if 50 percent progress is not achieved by December 2023

Published On: November 24, 2023 05:30 PM NPT By: Himal Lamsal

KATHMANDU, Nov 24: The Asian Development Bank (ADB) project directorate has warned the contractor company of the Narayanghat-Butwal road section to terminate the contract if the overall physical progress of 50 percent is not achieved by December 2023.

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Cost of Nagdhunga-Naubise tunnel road projected to increase to Rs 17 billion

Published On: November 22, 2023 04:40 PM NPT By: Himal Lamsal

KATHMANDU, Nov 22: The cost of the Nagdhunga-Naubise tunnel road is projected to increase by Rs 4 billion due to unexpected geological challenges encountered during the excavation process and an extended construction timeline, leading to a projected increase based on 'price escalation.'

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