Money

DoR waits on China to begin 2nd phase of road project

Jul 15 2018

The Department of Road (DoR) is mulling to start the second phase of the Kathmandu Ring Road Improvement Project from October which includes upgradation of a 8.2-km stretch linking Kalanki with Maharajgunj.
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Tea farmers expect govt to fix floor price

Post Report, Jul 15 2018

Many tea producing farmers are expecting the government to fix the floor price of the Nepali tea as their products fetch low prices due to the cartel of traders.
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Goat farming brings joy to farmers in Salyan

BIPLAV MAHARJAN, Jul 15 2018

The farmers of Salyan are becoming economically independent via commercial goat farming as they are earning good income from the activity.
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Monetary policy drags Nepse down

Post Report, Jul 15 2018

Nepal Stock Exchange (Nepse) shed 32.43 points to close at 1,191.98 points last week, as the Monetary Policy 2018-19 unveiled on Wednesday by the Nepal Rastra Bank shook investor confidence.
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IHG declared 9th best company to work for

Post Report, Jul 14 2018

The Soaltee Crowne Plaza held a celebration on Friday after its operator Intercontinental Hotels Group (IHG) secured the ninth position in the list of the best companies in India to work for in 2018.
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Bheri Babai tunnel halfway through

Post Report, Jul 14 2018

The Bheri Babai Diversion Multipurpose Project has finished digging almost half of the 12-km tunnel in the past eight months using a tunnel boring machine (TBM). The equipment is being used in the country for the first time.
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SC issues interim order against Monetary Policy

Post Report, Jul 14 2018

The Supreme Court on Friday issued an interim order against the implementation of the Monetary Policy 2018-19 issued by Nepal Rastra Bank (NRB) in response to a writ filed by advocate Swagat Nepal arguing that the provision allowing banks to obtain loans in Indian currency should be removed.
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Local apparels riding rising wave of sales

KRISHANA PRASAIN, Jul 13 2018

With Nepali clothing brands becoming increasingly fashionable of late, the domestic apparel industry is riding the rising wave of sales. Increasing demand for Nepali garments in the local market has made Nepali apparel manufacturers upbeat about the business.
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Nepse tumbles after monetary policy

Post Report, Jul 13 2018

The Nepal Stock Exchange (Nepse) greeted Nepal Rastra Bank’s monetary policy with a 13.66-point drop. When the market opened on Thursday right after the central bank unveiled the monetary policy, the Nepse closed at 1,191.98 points.
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Power output soars due to rain-swollen rivers

Post Report, Jul 13 2018

Incessant rain in the last few days has raised the water levels in the rivers, allowing domestic hydropower plants to boost production and help the Nepal Electricity Authority (NEA) slash power imports from India.
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China slaps restrictions on Kailash tour guides

Post Report, Jul 12 2018

Chinese authorities have imposed restrictions on the number of Nepali guides and kitchen staff who can accompany pilgrims going on the Kailash Manasarovar tour in Tibet. The new regulations came into force in June, tour operators said.
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Nalsing Gadh hydro project likely to secure int’l financing

Post Report, Jul 12 2018

Nalgad Hydropower Company, the subsidiary of state-owned Vidhyut Utpadan Company and the developer of much talked about Nalsing Gadh Hydropower Project is likely to secure international financing for the development of the 410MW reservoir type project.
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Trout farming becomes big business in Helambu

ANISH TIWARI, Jul 11 2018

The Bhandari brothers of Kiul Pati village of Helambu Rural Municipality started raising trout in March 2014. During their first year as fish farmers, they incurred losses as they learned the business.
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NAC to loosen purse strings to recruit foreign pilots

Post Report, Jul 11 2018

Nepal Airlines Corporation (NAC) will be offering huge pay packages to tempt foreign pilots as the growing shortage of cockpit crew is likely to put the corporation at risk of keeping its new planes grounded. The corporation is adding new planes aggressively but there are no cockpit crews to fly them.
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