Money

Sacked NOC boss Khadka files writ

Post Report, Sep 21 2017

Sacked managing director of Nepal Oil Corporation (NOC) Gopal Bahadur Khadka on Wednesday moved the Supreme Court (SC) saying that the Cabinet’s decision to dismiss him was illegal and should be annulled.
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Alpine meat factory closed in just 5 mths

Harihar Singh Rathaur, Sep 21 2017

Alpine Livestock and Bio Trade, the company tasked to supply meat to Kathmandu, has been shut down.
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NFC sets goat prices

Post Report, Sep 21 2017

The state-owned Nepal Food Corporation (NFC) on Wednesday, fixed the prices of goats and mountain goats for the upcoming Dashain festival. It has fixed the price at Rs455 per kg for goats and Rs675 per kg for mountain goats.
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Raijin Energy claims Rs2.8b in compensation from NEA

BIBEK SUBEDI, Sep 21 2017

Raijin Energy Co has claimed Rs2.8 billion in compensation from the Nepal Electricity Authority (NEA) after it scrapped a contract to install solar plants at Devighat and Trishuli in Nuwakot district on orders from the parliamentary Public Accounts Committee.
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‘Expressway project will test army’s capability’

SANGAM PRASAIN, Sep 21 2017

The construction of a long-planned expressway linking Kathmandu and the Tarai will be a test of the Nepal Army’s capability as it will be an engineering achievement, experts said on Wednesday.
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Bad roads hinder Jumla apples’ potential

LP DEVKOTA , Sep 20 2017

Apple production in Jumla has increased slightly to 3,400 tonnes this year compared to the 3,000 tonnes recorded last year. But bad road’s in Nepal’s apple heartland have severely affected the transportation of apples to markets across the country.
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‘Financial crime risks must be mitigated by banks’

Post Report, Sep 20 2017

Standard Chartered Bank and Nepal Rastra Bank jointly held a correspondent banking academy workshop in the Capital, on Monday.
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Indian side ‘indifferent’ to repairing damaged bridge

LILA BALLAV GHIMIRE, Sep 20 2017

Nepali industrialists in Biratnagar have blamed Indian authorities for not taking the initiative in repairing a flood-damaged bridge at Mirjungghat in India. This has seriously affected Nepal-India trade via Biratnagar border point.
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Army to begin talks to buy fast track DPR

BIBEK SUBEDI, Sep 20 2017

The Nepal Army, which has been appointed by the government to build the Kathmandu-Tarai Fast Track, plans to start purchasing negotiations for the detailed project report (DPR) with the Indian consortium which prepared it.
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Dhading shopkeepers go on strike to protest raid

Harihar Singh Rathore, Sep 19 2017

Shopkeepers in Dhading pulled down their shutters on Monday in protest after a government market monitoring team led by State Minister for Supply Karna Bahadur Bishwakarma sealed a number of stores on the charge of overpricing.
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Samsung Electronics rolls out Galaxy Note 8

Post Report, Sep 19 2017

Samsung Electronics on Monday launched its new flagship smartphone Galaxy Note 8 in Nepal, around four weeks after its global launch.
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Upper Tamakoshi receives Rolwaling survey licence

Post Report, Sep 19 2017

The Department of Electricity Development has granted a survey licence for the 22 MW Rolwaling Hydropower Project to Upper Tamakoshi Hydropower Limited (UTHL). The company is a subsidiary of the Nepal Electricity Authority (NEA) and the developer of the 456 MW Upper Tamakoshi Hydropower Project.
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Ban on travel business lifted in Annapurna

Ghanashyam Khadka, Sep 19 2017

The government has scrapped restrictions on operating small businesses such as hotels, lodges, restaurants, teashops and campsites inside the Annapurna Conservation Area (ACA), a state-owned designated protected area.
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Radar at Bhatte Danda to come online in November

Post Report, Sep 19 2017

The Civil Aviation Authority of Nepal (Caan) and the US Federal Aviation Administration (FAA) have signed a memorandum of understanding to conduct flight inspection of the next generation Mode S Monopulse Secondary Surveillance Radar (MSSR) system that is installed on Bhatte Danda in Lalitpur.
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Mobile expos bloom in Kathmandu

ABHISHEK CHITRAKAR, Sep 18 2017

As the festive season descends upon us, many of us are feeling the itch to spend our hard earned money.
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