Stories By 'RUPAK D SHARMA'
Nepal’s energy sector, which is still feeling the pangs of this week’s cancellation of biggest hydropower development agreement, has received a much-needed shot in the arm with the signing of a major deal with a leading Chinese firm that would almost double the country’s electricity generating capacity.
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Nepal will need to fork out at least Rs73.2 billion to rebuild infrastructure and restore livelihood affected by the floods of mid-August, says a latest report prepared by the National Planning Commission (NPC), the apex body that frames the country’s development plans and policies.
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Imagine your air conditioners, washing machines or induction cookers came with chips or devices that could store electricity.
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The plan to institutionalise fiscal federalism has faced first big hurdle, as the Ministry of Finance is mulling over releasing the second tranche of grants to local bodies based on their fund utilisation capacity, a move that goes against the spirit of the constitution and may prevent formation of strong local governments.
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It is appalling that the Nepal Rastra Bank (NRB), the central monetary authority, is treating cyber heist at NIC Asia Bank lightheartedly.
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A day before cybercriminals hacked into the IT server of NIC Asia Bank to reportedly steal millions of rupees, another major commercial bank had witnessed suspicious activities of similar nature.
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