Monthly Archives: February 2014

Nepal Standard certification to be internationally recognised soon

Nepal Standards (NS) certification is going to receive international recognition. Nepal Bureau of Standards and Metrology issued certification for the domestic products is soon getting international recognition, said the bureau’s director general Ram Adhar Sah, here today. Speaking at a

Nepal to be air transit route, accoding to revised ASA with China

Nepal is going to be the air transit route for international airlines, according to the revised Nepal-China Air Service Agreement (ASA) signed here today. China has also approved the access of new Trans-Himalaya 1 (Bangkok-Kolkata-Nepalgunj-Indek in Pakistan), 2 and 3

Nepal attractive destination for investment: Mahat

Nepal is an attractive destination for investment, according to the minister without portfolio Dr Ram Sharan Mahat. The country offers huge potential for agriculture, tourism and hydropower development, with second tier economic reforms on cards to make economy vibrant, dynamic

Bankers asks central bank to let them decide on additional service charges

Bankers have urged central bank to let them decide on either to charge additional service fees or not. Nepal Bankers’ Association (NBA), responding to the central bank’s 14-point provision on draft proposal of Financial Consumer Protection and Financial Literacy guidelines,

Kathmandu to host fourth BIMSTEC meeting

The country will be hosting Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) meeting. The fourth BIMSTEC Summit – an inter-regional economic bloc of Bangladesh, Bhutan, India, Nepal, Sri Lanka, Myanmar and Thailand – is going to

Contract farming guideline on cards

Ministry of Agriculture Development is introducing — Contract Farming Guideline under the Agricultural Business Promotion Act and Farm Mechanisation Policy — soon to promote sustainable agriculture growth. The draft policy paper is expected to commercialise agriculture that is at present

Government to impose strict measures against Mt Everest climbers

The government is going to adopt strict measures for Mt Everest climbing aspirant from this spring – March, April and May – due to repeated breaches of rules and guidelines while climbing the highest mountain of the world. The government

CIAA files case against 14 ex-NEA officials

The anti graft body today filed case against 14 ex-Nepal Electricity Authority (NEA) staffers charging them of irregularities in procurement of transformers from China, demanding a fine of Rs 79.10 million and a compensation equivalent to the amount in line

Indian budget to widen trade deficit, fuel inflation

The Indian budget is going to impact Nepali economy as it has continued huge subsidy to the agriculture sector and slashed taxes on export items. Finance secretary Shanta Raj Subedi – during a discussion today at the ministry on possible

Nepse orders postponement of Nepal Bangladesh Bank annual general meeting

Finally, Nepal Stock Exchange – the front line regulator – has directed Nepal Bangladesh Bank to postpone its annual general meeting (AGM) scheduled for March 11 due to the ongoing row regarding its share transfer. The stock exchange has told

New grant to aid businesses creating jobs, services for poor

The Asian Development Bank (ADB) and development partners will use a new $3.6 million grant to support around 20 private sector businesses in Asia targeting poor and low-income communities. “Economic growth has been high in Asia but that hasn’t trickled

Nepal proposes SAARC summit in November

Nepal has formally proposed to host 18th SAARC Summit in Kathmandu in November during the 35th session of SAARC Council of Ministers at Bandos Island in Maldives today. However, the date will be fixed by the government after consultation and

Commercial fish farming urged

The country can be self dependent on fish production in five to seven years, if traditional ways are commercialised. Presently, more than 70 per cent of the country’s fish demand is met by imports from India. Addressing the inauguration of

Nepal Economic Summit on February 24-26

The private sector in association with the government is organising Economic Summit on February 24-26 and Business Conclave on March 23-25 to make Nepal a lucrative destination for investment. As the country is planning to graduate to developing country from

Nepal, India plans to sign tourism deal

Nepal and India are going to sign a landmark tourism deal that is expected to boost tourism bilaterally. The deal is also expected to create an environment for injecting more investment in a big way. The draft for the proposed

TeliaSonera trials Huawei’s G.Fast platform

Huawei announced that TeliaSonera is the first network operator in the Nordics to perform a field trial using Huawei copper broadband technology. The platform has been deployed in the TeliaSonera network in Helsinki, Finland with live customers and is

Facebook to buy WhatsApp for $19 billion

Facebook has agreed to buy the mobile messaging app WhatsApp for $19 billion. Facebook will pay $4 billion in cash and $12 billion in Facebook shares, and WhatsApp’s founders and employees will also receive $3 billion in options on Facebook

National workshop on the implementation of Biological Weapons Convention on February 20-21

The United Nations Office for Disarmament Affairs (UNODA) – through the United Nations Regional Centre for Peace and Disarmament in Asia and the Pacific (UNRCPD) and the UNODA-Geneva Branch, and with financial support from the European Union (EU) with the