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Monthly Archives: November 2013

Nepalis consume Rs 12.60 million worth petroleum products in an hour

Nepalis consume Rs 12.60 million worth petroleum products per hour – which is around Rs 2 million more – from a year ago, when they used to consume around Rs 10.97 million worth fuel per hour. The consumption-led economy has

Nepali Congress to become largest party in second CA

Nepali Congress (NC) is going to be the largest party, as it has emerged as the largest party with 105 seats under the 240 First Past The Post seats and also leading in the 335 proportionate representation (PR) seats, in

CIB arrests Kist Bank higher officials; new acting chief appointed

The Central Investigation Bureau (CIB) under Nepal Police yesterday afternoon arrested three higher officials of Kist Bank on the charges of lending Jamko Publication without enough collateral. The CIB arrested acting chief executive of the bank Bal Narsimha Gharti, deputy

Ncell relaunches bonus scheme on international calls

Ncell, one of the leading mobile service providers, has re-launched its campaign ‘Call Ayo Paisa Payo’ that will enable the Ncell users to receive bonus every time they take international calls for more than a minute. The 90-day campaign effective

Ambassador Bodde swears in new Peace Corps volunteers

Twenty-four American Peace Corps Volunteers – the second group since the organisation suspended its operations in Nepal in 2004 – were were sworn in by the US ambassador to Nepal Peter W Bodde in a ceremony in Kavre district today.

Stock market plunges after profit booking

The market that has attracted three circuit breakers last Thursday and two circuit breakers yesterday, has plunged today due to selling pressure to book profit. The Nepal Stock Market (Nepse) index dropped down by 8.76 points today as the market

Book on ‘fundamental analysis of share’ out

Market analyst Rabindra Bhattarai has brought his new book ‘Fundamental Analysis of Share’ in the market. The book will help investors analyse relationships among market, economy and the company, according to the author. An intelligent and long-term investor anylises indicators

Excise duty fails to meet target but total revenue mobilisation exceeds target

Though the excise duty mobilisation failed to meet the target, total revenue mobilisation has exceeded the target for the fourth month of the current fiscal year 2013-14. The Inland Revenue Department has been able to mobilise Rs 31.32 billion revenue

Share market continue to rejoice election results, hoping for a stable liberal government

The first day of the share market for this week continued its winning streak of the last day of last week as it gained 22.45 points to close the market at 656.75 points today. The day saw some 476.14 million

Nepalis consume Rs 1.22 million worth sugar per day during festivals

Nepalis consumed around Rs 1.22 million worth sugar and over Rs 100,000 worth salt everyday during the Dashain, Tihar and Chhath festivals, according to the government data. The Salt Trading sold Rs 77.10 million worth sugar, Rs 6.8 million worth

Nepal-China BIPPA, DTAA soon

Nepal is preparing to sign Bilateral Investment Promotion and Protection Agreement (BIPPA) and Double Taxation Avoidance Agreement (DTAA) with China soon. Addressing a seminar ‘Nepal-China (Guangdong) Investment and Cooperation’ organised jointly by Federation of Nepalese Chambers of Commerce and Industries

Entrepreneurs urge parties to accept people’s verdict, not to disturb business environment

Entrepreneurs today urged the political parties to accept the people’s verdict and work unitedly for the economic prosperity of the country. Requesting to help create an investment-friendly environment, the business fraternity also asked them not to prolong the uncertainty. Addressing

Improved investment climate will help accelerate growth: ADB vice president

Maintaining stability and implementing reforms to improve the investment climate will help Nepal achieve much stronger growth than it has experienced in recent years,” according to a higher official at the multilateral development agency. “By achieving lasting peace, and staying

IMF suggests to tighten liquidity to tame inflation

International Monetary Fund (IMF) has  suggested to tighten liquidity conditions to guard against risks of rising inflation and reduce inflation expectations. Deputy Managing Director of the International Monetary Fund (IMF) Naoyuki Shinohara at the concluding ceremony of the South East

Kathmandu, Foshan agree to facilitate trade

Nepal-China Chamber of Commerce and Industry (NCCCI) and China Council for the Promotion of International Trade Foshan Committee (CCPIT Foshan) agreed to facilitate trade and business in the two places. NCCCI chairman Rajesh Kaji Shrestha and president of CCPIT Foshan

Rajan KC: The Man, who defeated Prachanda

Till yesterday, very few and that also Nepali Congress people only knew him, let alone the media that always chases some known faces. But from today, he will be everywhere in newspapers, and people will be talking of him. No

International observers claim the CA elections largely free, fair

The international observers – Carter Centre and European Union Election Observation Mission – said today that the second Constituent Assembly (CA) elections were held in a free and fair manner. The Carter Centre and EU Election Observation Mission organising a

US, China, India, UN welcomes peaceful CA election

The key partners of the country including the US, China, India and UN have hailed the November 19 Constituent Assembly (CA) elections claiming that it will bring in track the derailed politics and draft the Constitution that will guarantee democracy,