Residents of Indian bordering town of Raxaul have threatened to prevent Nepal-bound cargo trucks from passing through the Indian customs point beginning December 25 if concerned authorities fail to come up with a solution to manage pollution created by transportation of clinker, a key raw material used in production of cement.
Good governance. Jobs. Development. These are three areas the new government is likely to focus on if speech delivered by KP Sharma Oli on Monday is anything to go by.
Hydroelectricity production has taken a hit due to reduced water levels in the rivers with the dry season in full swing. Officials said energy output had shrunk up to 35 percent.
Nepal’s oil import bill for October-November jumped 40 percent due to a surge in demand during the federal parliament and provincial assembly elections with candidates hitting the campaign trail in motor vehicles, helicopters and airplanes.
Onion prices in Kathmandu have shot up because they have become dearer in India and not because of crooked middlemen, the Department of Supplies Management (DoSM) said. The southern neighbour is Nepal’s largest supplier of the indispensable vegetable.
Investment Board Nepal (IBN) has asked the Energy Ministry for the implementation rights for the Betan Karnali and Bheri-1 hydropower projects as it has the sole authority to execute schemes with a capacity of 500 MW or more.
The curtain has finally been drawn on Nepal’s most popular but unusual sport known as elephant polo, which is played every winter on a grass field in Meghauli, Chitwan, after 35 years.
The government has been toying with the idea of allowing the private sector to operate Gautam Buddha Airport in Bhairahawa under a public-private-partnership (PPP) model.
China Gezhouba Group Company (CGGC), the ousted contractor of the $2.5-billion Budhi Gandaki Hydropower Project, has called on the government to revisit its decision to terminate the contract, stating the process of its removal was “invalid”.
The government on Friday decided to develop the Budhi Gandaki Hydropower Project on its own, nearly two weeks after it terminated the contract agreement with the China Gezhouba Group Corporation (CGGC) to build the country’s largest hydroelectric project.
Nepal and Bhutan appear well on track towards achieving universal access to electricity by 2030, according to the latest report on transformational energy access of the Least Developed Countries (LDCs), which has reviewed 47 LDCs.
Nepal’s air traffic control (ATC) can now monitor the country’s entire airspace and keep track of aircraft from the Himalaya to the Indian border using an advanced radar system recently built on a hilltop in Lalitpur.
Wataniya Airways of Kuwait has decided to operate direct flights to Nepal as it moves to cater to growing travel demand with Nepali migrant workers rushing to the oil-rich country in larger numbers.
The Ministry of Finance has proposed to set up the Public Expenditure Review Commission, which will recommend ways to raise income generating capacity and reduce expenditure of the three tiers of the government,
The 15th Handicraft Trade Fair and 13th Craft Competition concluded on Tuesday, recording transaction of more than Rs80 million.
The Nepal Rastra Bank, the central bank, is floating foreign employment saving bonds worth Rs500 million on Sunday, as a part of the government’s plan to raise domestic debt worth Rs145 billion in the current fiscal year.
The private sector on Monday unveiled its wish list for the next administration, demanding that the government to be formed after the election formulate effective policies to check corruption, slash bank interest rates, prioritise promotion of small and medium enterprises and promote quality tourism.
There is bad news for new companies planning to enter the domestic aviation market and old players mulling over increasing fleet size, as a study has found that existing infrastructure of the country’s domestic airports will not be able to accommodate more aircraft for at least two years.
Paddy production in the eastern region, the country’s food basket, has been projected to swell 10 percent this year despite the damage caused to farms by the August floods, the regional Agricultural Development Office said.
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.
The long-held plan to expedite construction of $2.5-billion Budhi Gandaki Hydropower Project is unlikely to materialise anytime soon, as the government has scrapped an agreement signed with a Chinese company hired to build the 1,200-megawatt project.
The Public Service Commission (PSC) has poured cold water on the plan of the central bank to immediately scrap a provision that makes it mandatory for employees to retire after completing 30 years of service.
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.
Norvic International Hospital at Thapathali has been collecting 13 percent service charge which is illegal, the Department of Supplies Management (DoSM) said.
The Chinese government has shown interest in funding the second phase of the Kathmandu Ring Road Improvement Project which includes upgradation of a 17-km stretch linking Kalanki, Chabahil and Koteshwor.
The Aviation Safety Committee meeting of the European Commission (EC) will discuss Nepal’s aviation safety issue on November 13-15 in Brussels, Belgium, to assess the progress made by the country’s carriers and civil aviation authority.
The construction of the new aviation museum at Sinamangal, Kathmandu, has completed and is ready to welcome visitors. The museum was built by the Bed Upreti Trust and Civil Aviation Authority of Nepal (Caan) after success of similar museum built by Captain Bed Upreti in the mid-western district of Dhangadi.
Imagine your air conditioners, washing machines or induction cookers came with chips or devices that could store electricity.
Nepali Congress, the oldest political party of Nepal, has started advocating for wealth redistribution programmes and social insurance schemes, as it introduces itself as a socialist party through its election manifesto, which envisages creation of a welfare state.
The owners of branded apparel stores on Durbar Marg who have been accused of overcharging customers have not reported to the Metropolitan Police Range, Teku despite repeated reminders.
Revenue collection during the first quarter of the current fiscal year was up 24 percent year-on-year, the Inland Revenue Department (IRD) said.
Nepal may face shortage of 3.6 million workers by 2030 if people continue to take up jobs in foreign labour markets, creating hurdles for nation’s transformation into a middle-income economy in the next 13 years as envisaged by the government, a latest report says.
It is appalling that the Nepal Rastra Bank (NRB), the central monetary authority, is treating cyber heist at NIC Asia Bank lightheartedly.
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.
The Nepal Electricity Authority (NEA) has been working to ensure that there is adequate and uninterrupted power during the Tihar festival when demand for energy spikes with everybody draping their houses with strings of lights.
Officials at Tribhuvan International Airport (TIA) are worried by frequent runway damage even though the monsoon has ended.
The Election Commission (EC) on Tuesday allowed the Ministry of Supplies to implement its decision to transfer controversial Nepal Oil Corporation Managing Director Gopal Bahadur Khadka to the ministry.
The Inland Revenue Department (IRD) has taken action against 615 businesses for tax evasion as it intensifies market monitoring to prevent noncompliance.
Melting glaciers have eroded huge swathes of land in the Annapurna Base Camp over the years, casting a shadow over the prospects of trekking in the world-renowned Annapurna circuit.
Ginger worth Rs5 million has been stranded in Mechi Customs Office after Indian customs officials imposed goods and services tax of 5 percent on the Nepali spice.
Nepal has held on to the top position among South Asian countries in the campaign to reduce hunger.
Controversial Nepal Oil Corporation (NOC) Managing Director Gopal Bahadur Khadka has moved to buy additional land in Chitwan despite still facing embezzlement charges in earlier land deals that recently led to his being fired from his post.
The Nepal Electricity Authority (NEA) has extended the completion deadline of the Kulekhani 3 Hydropower Project for the fifth time to January 2018 as construction has been running late due to its slowpoke contractor.
The International Monetary Fund (IMF) has come up with the most optimistic economic growth estimate for Nepal among multilateral institutions, projecting expansion of gross domestic product (GDP) by 5 percent in the current fiscal year.
The Ministry of Culture, Tourism and Civil Aviation has rolled back its decision to transfer Sanjiv Gautam, director general of the Civil Aviation Authority of Nepal (Caan),
In a major turn of events, the Supreme Court on Sunday reinstated Gopal Bahadur Khadka, who has been charged of embezzling over Rs800 million in land purchase deals, to the post of managing director of Nepal Oil Corporation (NOC).
The Tribhuvan International Airport (TIA) has witnessed a solid growth in the first half of 2017, setting the stage for receiving a record number of flyers this year.
The flood-damaged bridge at Mirjungghat, India is set to resume operation from Saturday after Indian authorities completed repair works. The bridge had seriously affected Nepal-India trade via Biratnagar border point.
The Metropolitan Police Range (MPR), Teku, is preparing to file cases against the unscrupulous traders of Durbar Marg, who have been accused of charging exorbitant prices for the goods they were selling.
The government has decided to retain the Chinese contractor for Gautam Buddha Airport in Bhairahawa as the company has started to show satisfactory progress.
The nine branded stores on Durbarmarg that were sealed by the Ministry of Supplies on the charge of overpricing have reopened for business after 20 days. They have been allowed to resume operations without facing any legal action under direct orders from Supplies Minister Shiva Kumar Mandal.
Sales of goats in the Kathmandu Valley are likely to increase by 8 to 10 percent this Dashain, the biggest festival of Hindus in the country. The Valley saw sales of around 50,000 goats during the last festive season, which lasts for 15 days.
Nepal Airlines Corporation (NAC) has begun work to bring the remaining two Chinese aircraft of the six on order as now it has pilots to fly them. A NAC technical team is scheduled to leave for China after the Dashain festival to inspect the planes.
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.
The government has planned to distribute relief money to farmers in the 30 districts where crops were destroyed by the August floods before the Dashain festival which begins next week.
Many newly-formed local bodies in the country may not be able to deliver public services effectively and efficiently, as they have limited independent income sources to cater to people’s needs, says a latest World Bank (WB) report.
Nepal Stock Exchange (Nepse) index shed 24.24 points, or 1.6 percent, last week to close at 1530.31 points on Thursday, the last trading day of the week, as demand for shares of banks, hydropower companies and insurers fell.
Nepal Electricity Authority (NEA), the state-owned power utility, is mulling a six-month deadline extension to one of the contractors of the Kulekhani 3 Hydropower Project to complete all the construction works.
Nepal has signed an agreement with the US government on Friday to secure a grant of $500 million (approximately Rs51.5 billion) at Washington DC, USA on Thursday.
Tunnel boring machine to dig under Chure hills
The Bheri Babai Diversion Multipurpose Project has become the first project in the country to import a tunnel boring machine. The equipment will be used to dig a 12-km tunnel under the Chure hills to transfer water from the Bheri River to the Babai River.China Overseas Engineering Group, the contractor hired to develop the project, brought the tunnel boring machine manufactured by Robbins Company of the US to the project site on Tuesday.
Importers of liquefied petroleum gas (LPG) have warned that they will launch a protest from September 17 if the government does not take decisive steps to obtain explosive licences for Nepali gas bullets from Indian authorities.
Supplies Minister Shiva Kumar Mandal on Friday said the government would take stern action against stores on Durbar Marg found cheating customers.
Tribhuvan International Airport (TIA) has failed miserably to utilise over Rs5.3 billion collected from air passengers for development of its crumbling infrastructure.
A delegation from the Asian Infrastructure Investment Bank (AIIB) is visiting Nepal as early as this month to appraise the rural electrification project in the western region and a hydropower project, which the government is planning to build using soft loan provided by the China-funded multilateral lender.
The parliamentary Public Accounts Committee (PAC) has decided to launch a formal investigation into delays in the upgradation of airport project in Bhairahawa as uncertainty over completion of the project within the extended deadline looms large. The project completion deadline has already been extended twice.
The exposure of commercial banks to overdraft, a loan product considered highly risky by the banking sector regulator, is increasing rapidly, with the credit making a contribution of as high as 37 percent to the total loan portfolio of a bank.
Prime Minister Sher Bahadur Deuba has directed the Tourism Ministry to pay the money due to the Korean company for preparing a detailed feasibility study report of Nijgadh International Airport planned to be built in Bara, 175 kilometres south of Kathmandu.
China has listed the Budhi Gandaki Hydropower Project in central Nepal as one of the components of its Belt and Road Initiative (BRI) which envisages greater trade and connectivity and supports varied infrastructure projects.
Nepal will sign an agreement with the US government on September 14 to secure a grant of $500 million (approximately Rs51.5 billion) for construction of transmission lines and maintenance of various road sections.
The hilly areas in the Farwest region of Nepal are getting connected to the national power grid for the first time, as Nepal Electricity Authority (NEA), the state-owned power utility, is launching operation of the 132kV Blanch-Attariya Transmission Line Project very soon.
The five-star Fulbari Resort and Spa in Pokhara has remained closed for more than six months due to a dispute between management and employees over pay and other facilities.
Nepal is bracing for its annual festival rush when people return home in the hundreds of thousands to party with their families. This coincides with the peak tourism season and sends transportation systems haywire.
The United States Agency for International Development (USAID) has launched Kisan II with the aim of facilitating the value chain of farm products of Nepal’s rural areas. The $32.7 million project will be implemented for the next five years in 20 districts.
The biggest automobile extravaganza NADA Auto Show 2017 kicked off at Bhrikutimandap in Kathmandu on Tuesday.
Trekkers and mountaineers in the Everest region will be able to call a doctor directly through Hello Doctor, an online emergency medical service slated to be unveiled next month by Everest Link, a wireless internet service provider in high altitude regions.
The government on Sunday announced a Rs1.25-billion relief scheme for farmers in 30 districts who lost their crops to the recent floods.
On August 15, the Nepal Rastra Bank, the banking sector regulator, barred banks and financial institutions from factoring in deposit collected from other banking institutions to gauge their lending capacity.
The flow of money into the economy surpassed outflows in the last fiscal year as well, albeit the growth rate of balance between inflow and outflow squeezed due to deceleration in money sent home by Nepalis working abroad and failure to raise exports.
The government has made a foray into lucrative bottled-water business by commencing production of packaged drinking water from its own plant in Panauti Municipality of Kavrepalanchowk district.
Nepal earned a record Rs58.52 billion in foreign exchange from the tourism industry in the last fiscal year 2016-17 ended mid-July, according to the latest figures released by Nepal Rastra Bank (NRB).
Annual inflation cooled down to 12-year low of 4.5 percent in fiscal year 2016-17, as prices of food and non-food items went up moderately.
The government will start replacing hand-painted vehicle licence plates, which are in use for more than century, with embossed registration number plates from Monday.
Nepal Stock Exchange (Nepse) dipped 23.78 points to close at 1,629.75 points last week, as demand for shares fell outside Kathmandu Valley due to floods in Terai.
The defiant chief of Nepal Oil Corporation (NOC), who is embroiled in a corruption case worth millions of rupees, has challenged journalists to prevent him from wrapping up controversial land purchase deals.
Air traffic controllers (ATCs) and pilots are bracing themselves for the upcoming peak travel season which begins in September as record high aircraft movements have been projected.
Nepal has achieved another key milestone in securing a grant of $500 million (approximately Rs51.5 billion) from the United States, as the board of the Millennium Challenge Corporation (MCC), an independent US government agency working to reduce global poverty through economic development, has approved the proposal to extend financial support to the country.
The Tourism Ministry has postponed the Visit Nepal Year 2018 campaign to 2020 due to the slow pace of road and airport upgradation projects and reconstruction of historical monuments and cultural heritage sites.
Power has been restored in almost all districts in eastern Nepal as most of the damage caused to the distribution system by floods resulting from last week’s torrential rains has been fixed, the Nepal Electricity Authority (NEA) said.
The farm sector is expected to suffer losses to the tune of Rs2.86 billion due to flash flood triggered by heavy rainfall in the Tarai districts since last Thursday, according to preliminary estimates of the Ministry of Agricultural Development.
Parts of East Nepal crippled by floods
Massive flooding and landslides triggered by a continuous downpour since Thursday have knocked out power to many parts of east Nepal and crippled normal life.
A sub-committee under the parliamentary Bill Committee has concluded that Nepal Oil Corporation (NOC) violated procedure when buying land to build fuel storage plants.
Nepali traders have started shunning the Bhairahawa border crossing point to conduct trade with India due to lengthy security checks on the Indian side which have led to higher transportation costs, delayed deliveries and deterioration in the quality of goods.
Gasoline stations have launched a protest by stopping to receive deliveries of fuel over a dispute with Nepal Oil Corporation (NOC) regarding compensation for shrinkage loss.
The Commission for the Investigation of Abuse of Authority (CIAA) has suspected foul play in deals sealed by Nepal Oil Corporation (NOC) at the time of buying land to build oil storage facilities at four locations.
India has agreed to reduce the price of electricity that is exported to Nepal.Electricity from India is imported from different Indian states via cross-border transmission lines.
‘NOC deliberately ignored procedure’
The parliamentary Industry, Commerce and Consumer Welfare Committee has declared that Nepal Oil Corporation (NOC) decided unilaterally and ignored procedure when buying land to build storage plants at four locations.
The parliamentary Public Accounts Committee (PAC) has ruled that there have been irregularities in Nepal Oil Corporation’s (NOC) controversial land purchase deal and directed the Commission for the Investigation of Abuse of Authority (CIAA) to investigate and take action against those involved.
The four-decade-old dream of Pokhara residents to build an international airport in their city is coming closer to fruition, with the construction of the project formally beginning on Wednesday.
Nepal Oil Corporation (NOC), which is under investigation over alleged embezzlement of hundreds of millions of rupees while buying land for construction of fuel storage facilities, has submitted documents related to controversial land purchase deals to the probe panel of the parliamentary Finance Committee.
Newly appointed Irrigation Minister Sanjaya Kumar Gautam visited the construction site of Sikta Irrigation Project, a national pride project which aims to irrigate 80 percent of the arable lands in Banke district, within a week of taking office and directed concerned authorities to expedite construction works.