Money

Defaulting sugar mills to face stern action

SANTOSH SINGH, Jun 21 2018

The Home Ministry has promised stern action against sugar mills that have defaulted on payments to sugarcane farmers. The move follows a number of complaints from farmers and civil society.
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Indian delegation discuss ways to boost trade

Post Report, Jun 21 2018

A delegation of PHD Chamber of Commerce and Industry (PHDCCI) that recently visited Nepal discussed ways for promoting priority sectors in the country and bringing investment to support the identified sectors.
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China flexes loan muscles in SAsia

RAJESH KHANAL, Jun 21 2018

South Asian countries including Nepal received ever increasing bilateral loans from China, in order to boost their economies and ultimately reduce the widening trade imbalance between China and these countries.
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Tourist arrivals in May reach 68,825

Post Report, Jun 21 2018

Foreign tourist arrivals to Nepal in May were up 9.6 percent year on year, the Department of Immigration said. According to the stats, 68,825 international tourists visited Nepal in May, with arrivals from China, India and several European countries showing a robust growth.
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Roads Dept readying to invite tender for tunnel

Post Report, Jun 21 2018

The Roads Department is preparing to invite a global tender to select a contractor to build a tunnel linking Nagdhunga and Naubise which lie on a major highway linking Kathmandu with the southern plains.
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India agrees to open two quarantine posts in Nepal

SURESH RAJ NEUPANE, Jun 20 2018

India on Tuesday agreed to open two quarantine posts in Vittamod, province 2 and Gauriphanta in province 7 in a bid to facilitate better implementation of quarantine measures and reduce hassles faced by traders, during a meeting with a Nepali high-level delegation led by Chakra Pani Khanal, Minister for Agriculture, Land Management and Cooperatives, in New Delhi , India.
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NEA set to charge Dhalkebar substation this month

Post Report, Jun 20 2018

The Nepal Electricity Authority (NEA) plans to start charging the Dhalkebar substation this month. The Indian contractor Telmos Electronic has almost completed the construction of the 220 kV substation which converts high voltage electricity to lower voltage electricity for distribution to customers.
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Ilam tea becoming a popular drink in Japan

BIPLAV BHATTARAI, Jun 20 2018

Ilam tea is becoming a popular choice of drink for Japanese people so much so that Maykhwa Thachuwa, a Japanese national, has been exporting the organic tea to Japan for the last few years.
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Border hopping shoppers increase after budget

MOHAN BUDAYER, BHAWANI BHATTAJun 20 2018

Residents of border towns are hopping across the frontier into India in increasing numbers to buy daily household goods following a sharp price hike after the federal budget statement was issued.
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Milk holiday declared amid excess supply

Post Report, Jun 19 2018

The country witnessed a milk holiday after almost nine years as dairies stopped buying milk from farmers amid a supply glut.
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NEA cuts power imports as domestic output rises

BIBEK SUBEDI, Jun 19 2018

The Nepal Electricity Authority (NEA) has slashed energy imports from India as domestic hydropower projects have increased their output following a rise in the water levels in the various rivers where the power plants are located.
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Nepal lands best travel booth award

Post Report, Jun 19 2018

Nepal won the Best Booth Operation Award for ‘its outstanding booth operations with the warmest hospitality and excellent display’ at the Korea World Travel Fair (Kotfa) 2018.
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E-scooters struggle to make the mark in Nepal

KRISHANA PRASAIN, Jun 19 2018

Despite rising oil prices, benefits to the environment and tax subsidies, buyers are showing little interest in buying electric scooters, dealers said.
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Nepal, Japan likely to sign revised ASA today

SANGAM PRASAIN, Jun 18 2018

Nepal and Japan are all set to sign a revised bilateral air services agreement (ASA) on Monday, as part of Nepal Airlines' preparatory works to re-launch flights to the ‘land of the rising sun’ after a 10-year long wait.
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3rd generation Swift launched in Nepal

Post Report, Jun 18 2018

The third generation of the iconic Swift has been launched by CG Motocorp, authorised distributor of Suzuki four wheelers in Nepal. The all-new Swift comes with an exciting design, enhanced performance and advanced safety features.
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