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Govt committed to create investment friendly environment: DPM Mahara
Source: RSS

Govt committed to create investment friendly environment: DPM Mahara

Deputy Prime Minister and Minister for Finance Krishna Bahadur Mahara has stressed on the effective role of economic journalists to strengthen the national economy. While addressing the 17th annual general meeting of the Society of Economic Journalists of Nepal (SEJON), Mahara said that long struggle requires to bring take the national economy to the reach of the common people. He said that ...


Nepal drops two notches in economic freedom

Nepal has ranked 108 out of 159 countries and territories included in the Economic Freedom of the World: 2016 Annual Report, released on Thursday by Samriddhi Foundation in conjunction with Canadas Fraser Institute. Samriddhi Foundation is releasing the report in Nepal for the ninth consecutive year. Last year, Nepal was at the 106th position with a score of 6.56. With an overall score of ...


Asian markets sink after Wall Street sell-off

Asian markets mostly fell on Wednesday as uncertainty over the future of central bank monetary policy weighed on buying interest while warnings of an extended oil glut sank energy firms. The regions traders were given a rocky lead from Wall Street where all three main indexes ended more than one percent lower after a plunge in crude prices shredded already tender nerves. Investors are trying...


New Nepali envoys take stock of economic priorities
Source: RSS

New Nepali envoys take stock of economic priorities

Nepals new ambassadors to the United Kingdom, Germany, Brazil and Austria -- as a group -- are busy these days holding discussions and interactions with industrialists and people in the private sector seeking their view on economic priorities and interests to promote the same abroad. Private sector executives say they have never before been approached by this number of ambassadors at the same...


Timbu Pokhari drawing more tourists
Source: RSS

Timbu Pokhari drawing more tourists

Timbu Pokhari, the famous touristic destination in eastern Nepal, attracts thousands of trekkers annually. There has been a significant increase in the number of tourists visiting the place, of late. The place also holds a high religious significance. A beautiful pond on the lap of the Himalayas that lies on the border of Taplejung and Panchthar districts is grabbing staggering number of t...


Indian ban leaves Nepali ginger rotting

Indian governments decision to impose a ban on import of ginger from Nepal has left the future of Nepals ginger farming highly uncertain as the southern neighbor is the main market for the product. Sunday marked the sixth consecutive day of disallowing entry of Nepals gingers in to Indian markets. Indian side has claimed that gingers being imported from Nepal contain high pesticide residue. The...


LPG price slashed by Rs 50 per cylinder
Source: RSS

LPG price slashed by Rs 50 per cylinder

The government has reduced the price of cooking gas by Rs 50 per cylinder effective from Thursday midnight. The meeting of Nepal Oil Corporation (NOC) management on Thursday afternoon took the decision to this effect. Following the price cut decision, a cylinder of Liquefied Petroleum Gas (LPG) will cost Rs 1,325 in the domestic market. LPG price has been reduced by Rs 50 per cylinder...


India puts a ban on ginger imports from Nepal
Source: RSS

India puts a ban on ginger imports from Nepal

India has put a ban on import of gingers from Nepal, arguing that they have high pesticide residue and that Chinese ginger was being exported in the name of Nepali product. Not a single consignment of ginger from Nepal has entered India since Tuesday. The decision has come in the middle of the harvesting season. Exporters say local farmers will lose their major international market following re...


Japan to provide grant assistance of Rs 1.832 b to Nepal
Source: RSS

Japan to provide grant assistance of Rs 1.832 b to Nepal

The government of Japan has decided to extend grant assistance up to a total of 1.832 billion rupees to the government of Nepal for the improvement of aviation safety facilities and school sector development program in Nepal. Masashi Ogawa, Ambassador of Japan to Nepal, and Lok Darshan Regmi, secretary at the Ministry of Finance, signed and exchanged two separate sets of notes on Wednesday on b...


Govt endorses SAARC Power Trade Agreement

The government has endorsed the SAARC Power Trade Agreement (PTA) signed among the South Asian Countries. The agreement titled SAARC Framework Agreement for Energy Cooperation (Electricity) was signed during the 18th SAARC summit held on November 26 and 27th in 2014. This agreement has already been endorsed by India and Bhutan, apart from Nepal. The remaining five countries are yet to endorse the ...


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