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Monthly Archives: January 2014

President awards 35 commercially important persons

President Dr Ram Baran Yadav today awarded some 35 Commercially Important Persons (CIP) for their contribution to the economy. The 35 people and institutions – under 15 category – have been selected on the basis of their performance by Trade

Security, economic issues key: Indian envoy

The South Asian nations India and Nepal should strengthen their bilateral relations with increased security and economic cooperation, according to Indian ambassador to Nepal Ranjit Ray. Speaking at an interaction, here today organised by the Reporters’ Club, he said the

Arun Valley gets Sebon nod to issue 1:1 rights share

Arun Valley Hydropower is going to increase its paid up capital to Rs 609.80 million from current 304.90 million as it got the green signal from the regulator to issue 1:1 rights shares. After Securities Board of Nepal has approved

NTB revises Tourism Service Fee after nine years, to be effective from March 1

Nepal Tourism Board (NTB) has revised Tourism Service Fee(TSF) revised from Rs 500 to Rs 1000 – excluding VAT – effective from March 1. The revised fee will be levied on the outgoing foreign travelers departing from all airports in

CAAN selects NEC to support modernisation of TIA

Civil Aviation Authority of Nepal (CAAN) has selected NEC Corporation to support modernisation of Tribhuvan International Airport (TIA). The project totaling approximately one billion yen for the modernisation of Tribhuvan International Airport is crucial as its a major hub for

Secretary directs department to take stern action against black marketeers

Though, secretary at the Office of the Prime Minister and Council of Ministers Krishna Hari Baskota today directed the officials of Department of Commerce and Supply Management to act tough against firms and individuals involved in market malpractices, the syndicate,

US government supports work on Avian Influenza

Two specialists from the US Department of Agriculture (USDA) led a weeklong workshop on how to effectively map the spread of diseases, like avian influenza, using Global Positioning Systems (GPS) and Geographic Information Systems (GIS) from January 20 to 24.

Bank account a must for EPS job aspirants

South Korea – the most preferred destination for Nepali migrant workers – has made it mandatory for the aspiring Nepali jobseekers – under the Employment Permit System (EPS) labour contract – to have an account in a commercial bank. According

Samrat Group expands hotel chain to Chitwan, to formally open from February 27

The country is witnessing huge investment in hotel industry lately. No sooner president of Non-Resident Nepali Association and one of the richest Australian-Nepali Shesh Ghale announced his plan to open a five-start hotel in Kathmandu, the business fraternity including Pokhara-Based

CG granted Commonwealth Business Council membership

Chaudhary Group (CG) has become the first Nepali company to be granted Corporate Membership of the Commonwealth Business Council (CBC). With the membership, the company can explore business opportunities in member countries, access to decision makers and influential policy shapers,

Foreign tourists can apply visa online

The foreign tourists wishing to visit Nepal can now apply online for visa. “In an attempt to offer better quality and smart services to the guest, we have launched Online Application system,” said the Department of Immigration, today. Since the

Investigation claims 185 Nepali migrant workers died in Qatar

A non-governmental organisation (NGO) has claimed that some 382 Nepali migrant workers died in Qatar in the past two years. Pravasi Nepali Co-ordination Committee (PNCC) also claimed that the number could rise as very less cases have been brought to

RBB, F1Soft join hands to provide mobile banking services

Rastriya Banijya Bank (RBB) and F1Soft International signed an agreement that will help the bank to provide mobile banking services to its customers. Chief executive of the bank Krishna Prasad Sharmaand chief executive of F1Soft International Subash Sharma signed the

‘Improve attitude, embrace technology to give positive message of customs’

Finance Minister Shankar Prasad Koirala today asked the customs officials to improve their attitude as the customs department has become a synonym for corruption. Addressing the 62nd International Customs Day, here in the valley, he said that the department must

Agriculture Assembly meets

Nepali Greens organised Agriculture Assembly, coinciding with first first meeting of Constituent Assembly (CA) on January 22 in participation with farmers of Pida VDC in Dhading district. Nepali Greens, on the occasion, discussed on agricultural policies and programmes, Agriculture Development

Nepal improves in Environmental Performance Index in last one decade, tops in agri-subsidy

Nepal has improved by 4.96 per cent in last one decade and ranks at 139 with a overall score of 37 – out of 100 – in the Environmental Performance Index (EPI) 2014. Nepal also betters than India (155), Pakistan

Incumbent government focused on economic agenda: Minister Koirala

The incumbent government was, though formed to manage political transition, it has also focused on economic agenda, according to finance minister Shankar Prasad Koirala. Addressing a meeting of newly elected members of Morang Trade Association here in Biratnagar today, he

Minister Koirala urges RBB to increase lending portfolio

Rastriya Banijya Bank (RBB) should explore market for itself and not wait for government decision, said finance minister Shankar Prasad Koirala, addressing the 49th anniversary of the RBB here today. The wholly state-owned bank should explore market and expand as