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Government lowers budget numbers but claims it will meet growth target
Published On: February 13, 2020 08:13 AM NPT By: RAJESH KHANAL
KATHMANDU, Feb 13: The government on Wednesday expressed its firm determination to achieve its target of economic growth after revising the earlier announced budget size and expected expenditures allocated for development works.
NEA seeks to charge variable tariffs by output season, time of day
Published On: February 12, 2020 08:24 AM NPT By: RAJESH KHANAL
KATHMANDU, Feb 12: Nepal Electricity Authority (NEA), after a long hiatus, has again proposed seasonal tariff rates for power consumers.
India turns positive to allowing Nepali LPG trucks on Indian soil
Published On: January 23, 2020 08:09 AM NPT By: RAJESH KHANAL
KATHMANDU, Jan 23: The Indian government has struck a positive note on allowing LPG container bullets with Nepali license plates to transport cooking gas from India, asking the Nepali authorities to coordinate with Indian officials concerned.
Frequent power-trips mock govt call for more electricity use
Published On: January 9, 2020 07:47 AM NPT By: RAJESH KHANAL
KATHMANDU, Jan 9: Consumers have started facing recurring problem of power-trips at a time the government itself has been pushing the people to increase the use of electricity for daily household needs. This has left many consumers opting to buy electrical appliances for household use highly disappointed.
Gas bottlers flout govt safety regulations
Published On: January 5, 2020 07:15 AM NPT By: RAJESH KHANAL
KATHMANDU, Jan 5: As many as 15 bottlers of Liquefied Petroleum (LP) gas are yet to acquire the Nepal Standard (NS) certification, although the Nepal Bureau of Standards and Metrology (NBSM) directed these bottlers to comply with the safety norms some three years ago.
20 ways to help check climate change
Published On: January 1, 2020 11:10 AM NPT By: RAJESH KHANAL
Climate change is one of the burning issues that countries around the world, including Nepal, are currently facing. It is the abnormal variations to the climate, which is largely attributed to the increased levels of atmospheric carbon dioxide and other harmful gases produced as a result of various types of human activities. Global warming, a rise in average global temperature, is said to have resulted from climate change. Here are some tips to address this pressing issue.
Sugarcane farmers high and dry as mills delay payment since years
Published On: December 31, 2019 06:47 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 31: Sugarcane farmers, who have not been paid by the sugar mills for their crops, are staging a sit-in in the capital since the past four days. However, neither the government nor the sugar mills have done anything to address their grievance
Increasing dependence on foreign loans calls for prudent use of the fund
Published On: December 12, 2019 08:44 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 12: Nepal received foreign loans worth Rs 24.95 billion in the first four months of the current fiscal year, more than double the amount that the country took from foreign donors during the same period last year.
Debentures draw lukewarm response
Published On: December 4, 2019 10:35 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 4: A number of commercial banks have been issuing debentures to meet mandatory requirements forwarded by the regulator even though many of them are receiving poor response from investors.
India agrees to allow Nepali cargo vessels on the Ganges
Published On: November 28, 2019 09:09 AM NPT By: RAJESH KHANAL
KATHMANDU, Nov 28: Nepal and India have finalized the modality for allowing Nepal to operate its cargo vessels on three inland waterways of India.
Import bills for petroleum down by 16.6% despite 7% rise in quantity imported
Published On: November 25, 2019 08:54 AM NPT By: RAJESH KHANAL
KATHMANDU, Nov 25: Nepal spent 16.6% less in import of petroleum products in the first three months of the current fiscal year – FY2019/20 compared to the same period last year despite an increase in the import volume by 7%.
NEA mulls 15% power tariff hike
Published On: November 14, 2019 07:35 AM NPT By: RAJESH KHANAL
KATHMANDU, Nov 14: Nepal Electricity Authority (NEA) is mulling a hike in electricity tariff at a time when the government is trying to reduce fuel imports and check the ever-widening trade deficit through increased production and use of electricity.
Only 47% of FDI commitment materialized in 5 years
Published On: November 13, 2019 07:41 AM NPT By: RAJESH KHANAL
KATHMANDU, Nov 13: Nepal has seen less than half the pledged amount of foreign direct investment (FDI) materialize in each of the last five years. Data from the Department of Industry shows that Nepal received commitments for cumulative foreign investment of Rs 114.96 billion in the past five years.
Trade deficit shrinks by 12% in first quarter
Published On: November 2, 2019 07:50 AM NPT By: RAJESH KHANAL
KATHMANDU, Nov 2: Nepal’s trade deficit in the first three months of the current fiscal year declined by an impressive 12 percent, giving the country some respite from the ever-worsening balance of trade over the past several years.
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