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Paragliding firms stop operations in Pokhara
Source: RSS

Paragliding firms stop operations in Pokhara

Paragliding entrepreneurs of Pokhara on Sunday decided to shut their business following a dispute with Civil Aviation Authority (CAA). The annoyed businessmen halted all flights after the CAA accused them of not paying taxes. Nepal Airsports Association Vice-President Shovit Baniya informed all flights were cancelled after officials stopped tourists from paragliding in Sarangkot on Sunday. ...


Paragliding pilots protest against extra fees charged by CAAN

POKHARA: The paragliding pilots are protesting against extra fees charged by Civil Aviation Authority of Nepal (CAAN) in Pokhara of Kaski district on Sunday. ...


Revenue jumps as cargo movement improves
Source: RSS

Revenue jumps as cargo movement improves

Increased cargo movement through Dhangadi and Biratnagar customs points for the past week has boosted the governments revenue collection after a three-month slump. Customs officials said they were optimistic about meeting their annual revenue targets. Hari Prasad Poudel, chief of the Kailali Customs Office, said revenue collection for this month (mid-November to mid-December) jumped 170 percen...


Country records illicit financial outflow of $5.67bn in 10 years

Nepal is the fourth largest country in South Asia to witness illegal movements of money or capital, says a latest global report. Nepal recorded illicit financial outflows of $5.67 billion in between 2004 and 2013, or average of $567 million per year, shows the latest report, Illicit Financial Flows from Developing Countries: 2004-2013, released by Global Financial Integrity (GFI), a Washington,...


Summer cereal crops’ production projected to drop

The production of summer cereal crops is projected to fall by 5.63 per cent this year due to the unfavourable monsoon and the shortage of chemical fertilisers caused by the protest in the Tarai, which has hit the production of major cereal crop paddy. The production of summer cereal crops paddy, maize, millet and buckwheat is forecast to decline by 408,629 tonnes this fiscal as compared to t...


G2G talks with China will expedite commercial pact for fuel imports

Nepal is facing acute shortage of petroleum products as well as other essential commodities for the past last three months. The shortage has given birth to a thriving black market. Commercial agreement with China to import petroleum products, which is expected to normalize fuel crisis, is also being delayed. Sujan Dhungana of Republica talked with Minister for Commerce and Supplies Ganesh Man Pun ...


Govt to construct three more fuel depots in nation

The government is planning to construct fuel storage facilities in Panchkhal of Kavre, Trishuli of Nuwakotand Khaireni in Tanahun soon. Under Secretary at the Ministry of Commerce and Supplies Shiva Prasad Tripathi said each facility would have the storage capacity of 6,000 kilolitres of petrol. He added that the Chinese government has been approached for constructing the fuel storage faciliti...


Indian transporters start shipment to Nepal

Indian transporters have started shipping power transformers to Nepal from the Kolkata Port since Thursday, after a halt of more than a week due to payment issues. The transporters had been halting the shipments, citing Nepali importers failure to settle freight and other dues. They have now agreed to release containers of those importers who have regularly paid the charges. We had requested the...


Paddy production dropped by 20 percent in Mahottari

The paddy production in Mahottari district has been dropped by 20 percent in comparison to the last year. 75,000 metric tons of paddy was produced in 35,625 hectares of land this year in comparison to 93750 metric ton in 37,500 hectares of land last year, Chief of District Agriculture Office Sukeshwor Jha said. The production has been dropped by 20 percent in comparison to last year, he said...


Construction works of five hydropower projects obstructed for lack of petroleum products
Source: RSS

Construction works of five hydropower projects obstructed for lack of petroleum products

Construction works of five hydropower projects have been obstructed for lack of petroleum products following Tarai banda for the past three months and unannounced border blockade imposed by India. The construction works of 50-MW Upper Marsyangdi A hydropower project, 3-MW Lower Midim Hydropower project, 28-MW Super Dordi hydropower project, 49-MW Lower Dordi hydropower project and 25-MW Upper ...


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