Money

Ministry to keep close watch on online stores

Rajesh Khanal, Dec 11 2018

The Ministry of Industry, Commerce and Supplies is creating a guideline to keep tabs on online shopping platforms amid concerns over possible fraud and business misconduct.
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E-commerce platforms cash in on winter

KRISHANA PRASAIN, Dec 11 2018

Of late, the trend of online shopping is gaining momentum in the country. According to e-commerce traders, e-commerce businesses in Nepal conduct transactions worth $25 million a year.
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Oppo R17 Pro to redefine night photography

AJEEJA LIMBU, Dec 10 2018

Oppo is set to bring early Christmas cheer to customers in Nepal with the launch of their premium segment smartphone, the R17 Pro, on Saturday.
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A local group is illegally setting up booths and charging fees to foreigners near Everest, and the government hasn't done anything about it

KUMBHA RAJ RAI, Dec 10 2018

A group of youth have been “illegally” collecting Rs500 as an accommodation fee in the Khumbu Pasang Lhamu Rural Municipality from foreign trekkers visiting the Everest region in the name of Khumbu Hotel Association.
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Individual stock investors allowed to trade online

Rajesh Khanal, Dec 10 2018

The Nepal Stock Exchange (Nepse) from Sunday permitted individual stock investors to access its platform using their personal ID and password and conduct online trading without having to go through a broker.
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Tribhuvan International Airport runway contract in limbo

Post Report, Dec 10 2018

Officials of the Civil Aviation Authority of Nepal are confused over awarding the contract to lengthen the runway of Tribhuvan International Airport to a Nepali joint venture Kalika-Tundi after one of the partners became engulfed in a corruption case.
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‘Interest rate war’ sinks Nepse

Rajesh Khanal, Dec 09 2018

Nepal Stock Exchange (Nepse) last week shed 27.52 points to close at a three-year low of 1,120.84 points, as banks geared up for an ‘interest rate war’ to address the shortage of loanable funds.
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18 in race for key posts in Electricity Regulatory Commission

BIBEK SUBEDI, Dec 09 2018

Eighteen individuals, including two former energy secretaries, are vying for the top posts in the Nepal Electricity Regulatory Commission, a powerful body to regulate the country’s energy sector.
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‘Bill to split civil aviation body to go to Parliament’

SANGAM PRASAIN, Dec 09 2018

The Tourism Ministry has claimed that a bill to split the Civil Aviation Authority of Nepal (CAAN) into two entities—a regulatory body and service provider—will be introduced in the upcoming winter session of Parliament, as pressure is mounting on the government to lift Nepal from the “air safety list” of the European Commission.
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Supply glut drops veggie prices in Kathmandu

KRISHANA PRASAIN, Dec 08 2018

Vegetable prices in the Kathmandu Valley have dropped up to 28 percent due to increased supply in the market. Tomato small, potato red and white, onion, cabbage, broccoli, green pea, barela and green leafy items have become cheaper by up to 28 percent in the past two weeks.
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Sebon to issue licences to securities dealers

Rajesh Khanal, Dec 08 2018

The Securities Board of Nepal (Sebon) asked the Nepal Stock Exchange (Nepse) to start work to issue licences to securities dealers in a bid to revitalise the stock market which has been wallowing in a bear market.
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India opens door wider to electricity exporters

BIBEK SUBEDI, ANIL GIRIDec 08 2018

India opened the door wider to power exporters by removing a discriminatory provision in the Guidelines on Cross Border Trade of Electricity under which Nepali-based hydropower projects which are owned by the Indian government or have a majority Indian share are only allowed to export power to India.
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