KATHMANDU, Aug 1: Members of a tripartite plus task force on quality tea have stressed the need to implement the recently announced minimum wage for workers.

International Education Representative's Initiative of Nepal (IERIN) in association with Educational Consultancy Association of Nepal (ECAN), FECON, NAAER and JALSAN organized a press meet regarding Foreign Direct Investment (FDI) in educational consultancy sector on Sunday at Indreni Food Land, New Baneshwar.

KATHMANDU, July 30: Hamro Samman Project under United States Agency for International Development (USAID) has joined hand with its development partners and private sectors to counter trafficking in persons in Nepal.

KATHMANDU, July 30: Israeli Ambassador to Nepal Benny Omer paid a courtesy call on Minister for Energy, Water Resources and Irrigation Barshaman Singh Pun here today.

KATHMANDU, July 20: Minister for Energy, Water Resources and Irrigation, Barshaman Pun, and Australian Ambassador to Nepal, Peter Budd, held discussion on the matters of collaboration in energy and hydropower sector.

KATHMANDU, July 13: Nepal Rastra Bank (NRB) introduced Monetary Policy for Fiscal Year 2018/19 in Kathmandu on Wednesday.  The monetary policy unveiled a week before the new fiscal year begins has drawn positive responses from bankers, business leaders and economic analysts, as it focuses on reining in the runaway interest rates that has dampened confidence of the private sector which was increasingly finding credit from the banking industry unaffordable.

KATHMANDU, July 12: The Nepal Rastra Bank (NRB) has introduced a provision in the Monetary Policy for Fiscal Year 2018/19 which allows banks to count loans against academic certificates, and higher education loans for students of marginalized and Dalit community, among others, as deprived sector lending.

KATHMANDU, July 8: Minister for Education, Giriraj Mani Pokhrel has urged Dr. Govinda KC to end his hunger strike and fly to Kathmandu to discussion with the government.

KATHMANDU, July 8: Prime Minister Khadga Prasad Oli has reaffirmed his commitment to work with the private sector for bringing economic prosperity to the country.

KATHMANDU, July 2: The government has urged the Japanese government to provide support in Nepal's energy sector.

KATHMANDU, June 22: Minister for Culture, Tourism and Civil aviation, Rabindra Prasad Adhikari, has said that International Civil Aviation Organisation (ICAO) has removed Nepal's aviation sector from Significant Safety Concern (SSC) list.

KATHMANDU, June 17: Prime Minister KP Sharma Oli's China visit is expected to take the country's economic sector to a new height by strengthening mutual relations between the two countries.

BANEPA, June 15: Minister for Communications and Information Technology Gokul Prasad Baskota has said it should be demarcated if the media was industry or service sector based on the changed technology and investment.

‘Some key issues remained unaddressed’

A one-day national consultation, “Roles and Responsibilities of Private Sector in Public Services for Achieving SDGs in Nepal” was held in Kathmandu on Wednesday. The program, which was jointly organized by Resource Center for Primary Health Care (RECPHEC), LDC Watch and South Asia Alliance for Poverty Alliance (SAAPE) had the speakers discussing on potential areas for Nepali private business fraternity to contribute in achieving the national SDGs 2030 goal.

Budget disappoints private sector

May 31, 2018 09:50 am

KATHMANDU, May 31: The provincial heads of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and businesspeople across the country have termed the new budget  underwhelming. Though apparently  grand, it lacks substance, they said.

KATHMANDU, May 31: The government is anticipating a massive industrial and agricultural expansion this year as it has set growth target for these sectors at 12 percent and 4.5 percent, respectively, in Fiscal Year 2018/19.

KATHMANDU, May 30: Minister for Culture, Tourism and Civil Aviation, Rabindra Adhikari, has said the tourism sector has the potentiality of offering jobs to some 200,000 people in a year.

KATHMANDU, May 30: In contrary to expectations, the budget of Fiscal Year 2018/19 has just given continuity to the old plans and programs for the development of tourism sector of the country. Presenting the Rs 1.315 trillion budget for the FY2018/19, finance minister Yuba Raj Khatiwada said that a total of Rs 5.20 billion has been allocated for the tourism sector of country.

KATHMANDU, May 25: Commercial banks are found to be struggling to meet the directed sector lending requirement set by the Nepal Rastrsa Bank (NRB).

ITAHARI, May 21: Investment is pouring in hospitality sector in Itahari which is emerging as a commercial hub in the eastern region.

KATHMANDU, May 18: Both current account and balance of payment (BoP) of the country slipped into deficit in the third quarter of the current fiscal year 2017/18, posing risk to external sector stability.

ROLPA, May 13: In the last academic year, Grade Eight results of 24 community schools in Rolpa Municipality of the district were really disappointing.

BUTWAL, May 6: Flourishing of commercial agriculture in Rupandehi district has boosted up the potentiality of agro tourism in the district. Commercial farming of Ostrich, country’s largest cow farming & research center, commercial fish farming, bee-keeping as well as expanding pocket area of organic vegetables and mushroom are some of the attractions for tourists in the district. Locals are enthusiastic with the rising prospects of agro tourism.

KATHMANDU, May 6: All assets of over 300 Bus Entrepreneurs Committees and their federations, which won't exist by the end of Mid July, will come under ownership of government automatically as per law. Such assets which will come under government ownership includes the money deposited in the banks, office buildings and other movable assets owned by those committees, which are registered at the district administration offices under  Association Registration Act 1977.

KATHMANDU, April 29: Five student unions affiliated to different political parties submitted a two-point memorandum on Sunday to Finance Minister Dr Yuba Raj Khatiwada, demanding allocation of at least 20 percent budget to the education sector for the upcoming fiscal year.

KATHMANDU, April 29: Lending of bank and financial institutions (BFIs) to service industries jumped by 14 percent in the first eight months of the current Fiscal Year 2017/18.

KATHMANDU, April 27: Agriculture and Forestry sector is estimated to contribute 27.10 percent to Gross Domestic Product (GDP) of the country in the current fiscal year.

KATHMANDU, April 26: Gross Value Added (GVA) by hotel and restaurant sector has increased significantly over the past one and half decades, the National Accounts Statistics of Nepal (2017/18 Annual Estimates) shows.

Is financial sector safe?

April 22, 2018 00:30 am

According to the IMF study, most banks could have weathered the crisis effectively if 15 cents of every dollar of funding had come from equity

KATHMANDU, April 20: Of the complaints that the Commission for the Investigation of Abuse of Authority (CIAA) received last year, charges relating to the education sector and local level outnumbered other sectors.

KATHMANDU, April 11: Minister for Education, Science and Technology (MoEST) Giriraj Mani Pokharel on Wednesday unveiled a seven-page roadmap for the education sector.

CHITWAN, April 8: Minister for Home Affairs Ram Bahadur Thapa has said that the Home Ministry was committed to providing security to the industry and business sector.

KATHMANDU, April 8: Minister for Law, Justice and Parliamentary Affairs Sher Bahadur Tamang has announced to come up with a comprehensive proposal to develop the art sector.

KATHMANDU, March 28: Country’s private sector will have something to cheer about if a proposal of the Ministry of Home Affairs to slash public holidays is endorsed by the cabinet, business leaders have said.

KATHMANDU, March 29: Country's private sector will have something to cheer about if a proposal of the Ministry of Home Affairs to slash public holidays is endorsed by the cabinet, business leaders have said.

KATHMANDU, March 27: A total of US $ 70 million has been disbursed by the European Union (EU) for various ongoing projects but there are hardly any infrastructure projects that can help in capital formation.

KATHMANDU, March 22: Two ministers have abstained from a program, which was organized to felicitate them by CPN-UML’s sister organization Nepal Sports Federation (NSF) on Wednesday.

KATHMANDU, March 21: There has been a steep rise in import of construction materials and industrial raw materials over the past two years. This indicates the construction and man ufacturing sector of the nation has at least been vibrant. A report published by Nepal Rastra Bank (NRB) suggests that the import of these materials has increased by more than double in the past two years.

DHULIKHEL, Mar 17: Minister of State for Information and Communications Gokul Prasad Baskota has said that measures should be taken to create employment in the communications sector.

POKHARA, March 16: Turkish Airway's airliner had an accident at Tribhuvan International Airport (TIA) about three years ago.  All the passengers in the aircraft were unharmed. However, as the plane remained grounded at TIA for a few days, larger aircraft could not approach the runway, which affected the tourism sector greatly as the tourist season in Nepal was approaching.

KATHMANDU, Mar 13: Minister for Industry, Commerce and Supplies, Matrika Prasad Yadav, has urged Nepali private sector to focus on increasing production capacity rather than holding a discussion on increasing exports.

KATHMANDU, Feb 21: Credit growth of the BFIs toward agriculture sector nearly doubled in the first half of FY2017/18, a recent data of Nepal Rastra Bank shows.

KATHMANDU, Feb 17: Engagement of private sector in promoting climate smart agriculture can be beneficial for both farmers and private sector if the results of a pilot program for climate resilient agriculture are something to go by.

KATHMANDU, Feb 12: The UK-based Global Policy Forum has announced to extend support for quality education under the federal structure in Nepal.

KATHMANDU, Feb 6: The Metropolitan Police Sector (MPS), New Bus Park has launched a 'Harek Din Naya Kaam Suru' (start new work each day) campaign under its drive to make the Bus Park area a fully peaceful zone.

KATHMANDU, Jan 27: President Bidya Devi Bhandari has stressed the need for developing infrastructures to promote economic development. Harnessing hydropower was an infrastructure development and also constitutes a base for prosperity, she added.

HETAUDA, Jan 10: Vice President Nanda Bahadur Pun has underlined the need of systematizing the transport sector as per the need of time with the use of developed technology.

KATHMANDU, Dec 29: Chinese investors have registered 17 companies in Nepal in the first four months of Fiscal Year 2017/18 to operate hotels and restaurants in different parts of the country.

KATHMANDU, Dec 26:  Life-saving drugs supplied to the health facilities and to the market by both the government and the private sector have been found substandard and a danger to public health.