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Bilateral treaties cannot function fully without stability in Nepal: Li

Chinese Primier Li Keqiang has emphasized the need for political stability in Nepal for its sustainable economic and social development. During his meeting with Deputy Prime Minister Krishna Bahadur Mahara in Beijing Wednesday, Li underlined that agreements and treaties between Nepal and China could not fully function without political stability in Nepal. Mahara had called on the Chinese premie...


China is willing to increase investment in Nepal: Mahara
Source: RSS

China is willing to increase investment in Nepal: Mahara

What is your assessment after meeting Chinese Foreign Minister Wang Yi? My visit to China is yet to be complete as there are a couple of other important meetings lined up. I will be in a better position to talk about the assessment after meeting Chinese Premier Li Keqiang and the leaders of communist Party of China. My meeting with Foreign Minister Wang Yi has made it clear that both the cou...


Fifty percent factories defunct
Source: RSS

Fifty percent factories defunct

A huge bulk of the industries registered with the Cottage and Small Industry Development Committee Ilam have shutdown. Of the total of 2837 industries registered with the Committee, only 1452 are found to be still functioning. The rest of the industries have closed down, Committee said. The industries still running include 79 tea factories, 262 rice mills, 63 computer labs, 170 dairies, 10...


Despite Saudi slump, Nepalis keep flocking to Gulf kingdom

At a time when thousands of migrant workers have been laid off and stranded in Saudi Arabia, the number of Nepali migrant workers leaving for the Saudi has not declined. According to the Department of Foreign Employment (DFE), as many as 13,227 people have left for Saudi Arabia over the past one month (since July 1 to August 12). The number of outbound workers to Saudi Arabia was 13,553 during...


Despite big losses, Banijya Bank issuing bonus to staff
Source: RSS

Despite big losses, Banijya Bank issuing bonus to staff

Rastriya Banijya Bank has decided to distribute Rs 870 million in bonuses to its employees despite its accumulated losses amounting to Rs 4.12 billion. The banks board meeting last week took a decision to this effect by way of implementation of a Supreme Court order last December to pay out bonuses from profits earned in the last seven years. The bank, which is 100 percent government-owned, ...


Transport entrepreneurs' representatives call on PM
Source: RSS

Transport entrepreneurs' representatives call on PM

Representatives of the Federation of Nepalese National Transport Entrepreneurs Associations on Wednesday called on Prime Minister Pushpa Kamal Dahal at the latters official residence in Baluwatar. The delegation led by Acting Chairman of the Federation Dolnath Khanal apprised the PM of problems in transport sector. They also demanded that the transport sector should be managed by amending ...


Remittance to be mobilized to build two hydro projects

Remit Hydro Ltd (RHL) is mobilizing remittances sent by migrant Nepali workers to develop two hydropower projects -- Ghunsa Khola (71.5 MW) and Sinbuwa Khola (53.7 MW) projects. This is possibly the first time that remittance is being used in infrastructure development. Energy Secretary Suman Prasad Sharma issued survey license to RHL last week. The decision has paved the way for RHL to dev...


Vizag port ‘ready’ for Nepali cargos

Indian officials have said the Vishakhapatnam port is now ready to serve Nepal-bound cargos, with the authorities concerned fixing the tariff rate and allotting space for setting up a Nepali Consulate General office. During former Prime Minister KP Sharma Olis visit to India in February, the southern neighbour had agreed to allow Nepal to use the deep-sea port in southern India. Speaking at ...


Nepal-China railway ‘technologically and economically feasible’
Source: RSS

Nepal-China railway ‘technologically and economically feasible’

Chinese experts have said the much-touted railway link between Nepal and China through the Himalayan highland is economically and technologically feasible. A report carried by China Daily on Friday says the country has accumulated technology and experience to build a rail link between the Tibet autonomous region and the South Asian subcontinent. According to the newspaper, a Himalayan train ...


India's river linking project is a huge disaster for Nepal

The ambitious river-linking project of India has turned out to be a huge disaster for Nepal, causing erosion of large chunks of land, loss of soil fertility and loss of habitat because of the subsequent flooding. As a consequence of the Laxmanpur dam built on the Rapti river just across the border and the 22-km Kalkalawa embankment in the Bagauda area of India, over 2500 bigha of land in Nepal ...


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