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NRB says flood losses not as much as initially estimated
Source: RSS

NRB says flood losses not as much as initially estimated

The Nepal Rastra Bank, the central bank, has said losses triggered by floods and landslides in the second week of August will not hit the countrys economy as hard as initially feared. The country suffered record floods following torrential rain that continued from August 11-14. The floods killed over 150 people and left 31 districts awash in water. The natural disaster completely destroyed over...

Mumbai inundated for the second time in one monsoon season
Source: Reuters

Mumbai inundated for the second time in one monsoon season

Heavy rains battered Indias financial hub for the second time in weeks causing massive disruption at the countrys second busiest airport and forcing authorities to shut down schools and colleges. Monsoon rains that lashed Mumbai since Tuesday evening delayed services on the heavily-used suburban train network in a city that is home to Indias two biggest stock exchanges and the headquarters of s...

New record in 25 years, ADB forecasts 6.2 percent economic growth for Nepal
Source: RSS-NP

New record in 25 years, ADB forecasts 6.2 percent economic growth for Nepal

The Asian Development Bank (ADB) has projected that the countrys economic growth will be between 5.2 to 6.2 percent in 2017. The ADB shared this information organizing a news conference here today. It estimated that the GDP increase in terms of basic price in the Fiscal Year 2017/18 will be that much. The Bank also forecast that the inflation will remain be between 6.0 to 6.5 percent, less than th...

Japan plans world’s fastest computer

Japan plans to build the worlds fastest-known supercomputer in a bid to arm the countrys manufacturers with a platform for research that could help them develop and improve driverless cars, robotics and medical diagnostics. The Ministry of Economy, Trade and Industry will spend 19.5 billion yen ($173 million) on the previously unreported project, a budget breakdown shows, as part of a governmen...

Colder days indicate winter around the corner

Waves of westerly winds that started blowing in Nepal after the end of the monsoon period have brought colder climatic condition across the country, heralding a full-fledge winter in the coming days. The chilly westerly winds have brought down both the maximum and minimum temperature across the country, making mornings and nights colder, according to the Meteorological forecasting Division (MF...

Hurricane's blow was less than feared; 'We are blessed'
Source: BBC

Hurricane's blow was less than feared; 'We are blessed'

A weakening Hurricane Matthew lashed Georgia and the Carolinas on Saturday in what appeared to be the last leg of its march up the East Coast, leaving in its wake millions of Americans relieved that one of the most fearsome storms on record in the U.S. wasnt that bad after all. The hurricane was blamed for at least 10 deaths in the U.S., including that of a 68-year-old Georgia man who died when...

Migrant worker departures settle at new low post quakes

The overall departures of migrant workers have settled at a new lower level since the devastating earthquake in April last year, according to the recently published Nepal Development Updates report of the World Bank. From an average departure of 45,000 per month prior to April 2015, migrant worker departures have slowed and are now averaging 33,000 per month, the report stated. Experts say the...

The Latest: Jamaica lowers alert to tropical storm warning

The latest on Hurricane Matthew (all times local): 7:10 p.m. Jamaicas government has discontinued a hurricane warning and replaced it with a tropical storm warning as Hurricane Matthews center tracks closer to Haiti. Evan Thompson, director of the Meteorological Service of Jamaica, said late Monday afternoon that authorities believed the island had been spared a bit, considering forecaste...

Flooded roads in tourist town claim 4 lives so far

Downtown Pokhara is getting a dangerous place that can claim life! And the threat is flash floods on its street. These floods claimed four lives in the past three weeks, earning a terrifying image for the town, which otherwise is a favorite among national and international tourists. The floods triggered by incessant rainfall had swept away three pedestrians and a motorcyclist. According to pol...

Typhoon Meranti slams China after battering Taiwan

The super typhoon, with gusts of up to 227km/h (141 mph), killed one person and left half a million homes without power in Taiwan. It made landfall near Chinas south-eastern city of Xiamen on Thursday morning, having lost some power. Dozens of flights and train services in southern China have been cancelled and tens of thousands of people evacuated. It is the strongest typhoon to hit Taiw...

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