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Monthly Archives: April 2014

Violence against women in politics rampant in South Asia

New Delhi: Violence against women in politics is rampant in South Asia according to a recent study. The study ‘Violence against Women in Politics’, conducted by Centre for Social Research and UN Women revealed that the insufficient implementation of laws,

India agrees to extend customs opening hours at Raxaul

India has agreed to open Raxaul customs for 12 hours and recruit an assistant commissioner at Panitanki customs office to facilitate movement of cargo to and fro Nepal. Currently, shipments are cleared through customs only on five days of the

Canada and UK new research consortia will tackle key adaptation issues in Asia

Canada’s International Development Research Centre (IDRC) and the UK’s Department for International Development (DfID) announced today the Asian institutions that would be part of four new multi-partner research consortia for tackling the impacts of climate change in Africa and Asia.

More students to be trained in Israel

Israel has offered to train some 360 Nepali students this year in advanced agricultural, according to the Embassy of Israel in Kathmandu. The embassy had trained some 205 students last year, the embassy informed in a press meet here today.

Mega projects are on cards, improve performance: Finance Minister

Finance Minister Dr Ram Sharan Mahat has asked the contractors to improve their capacity to international standards as the government is planning more mega projects. Addressing six secretaries – related to development – and private sector here today, he said

Urge to bridge job demand and supply gap

The labour experts urged the government to bridge job demand and supply gap by linking education and vocational training. Even though education is not a panacea and does not in itself create jobs, having higher level of education or skills

National Tourism Fair postponed

Nepal Tourism Board (NTB) today formally postponed National Tourism Fair scheduled for May 2 bowing to the demands of Joint Tourism Coordination Committee (JTCC). The JTCC – a forum of 19 travel trade associations – has today organised a sit-in

Saudi not interested in signing labour pact

Saudi Arabia is not interested in signing a labour agreement with Nepal. The agreement was aimed at protecting the interest of Nepali workers in the Gulf country, according to labour secretary Suresh Man Shrestha. The government had proposed Saudi Arabia

Per capita income Rs 71‚305; GDP growth 5.12 per cent

Though the average economic growth rate has not crossed four per cent in the last one decade, per capita income of a Nepali has been continuously increasing. Average income of a Nepali is expected to grow by 13.77 per cent

ICRA Nepal to evaluate credit worthiness of borrowers

ICRA Nepal is going to evaluate credit worthiness of borrowers from financial institutions to gauge their repayment capacity. Currently, financial institutions themselves appraise borrowers on the basis of financials submitted while applying for the loans to approve it by them.

Nepal Telecom to expand 3G, WiFi internet service

Nepal Telecom is planning to expand its services including 3G and WiFi services across the country, apart from starting a new Information technology Company as its subsidiary to work on development of software and local internet contents to diversify investment.

Prime Minister directs to complete National Pride Projects on time

Prime Minister Sushil Koirala directed the secretaries to complete the national Pride Projects on time. Addressing the evaluation meeting of progress on National Pride Projects, he asked the projects chieves and the secretaries of the concerned ministries to expedite the

Zero tolerance against financial crime: Central bank

The central bank is adopting a zero tolerance policy against financial crime. Addressing a programme organised by Nepal Rastra Bank Employees’ Association to mark its silver jubilee, central bank governor Dr Yubaraj Khatiwada said today that the central bank has

Minimum price for promoters’ shares of insurance companies fixed

Nepal Stock Exchange (Nepse) has fixed the threshold for transaction of promoters’ share of insurance companies. The front line regulator today notified all the listed life and non-life insurance companies that it will control possible evasion of capital gains tax,

Institutional reform key to growth: Finance Minister

Finance Minister Ram Sharan Mahat said that second tier reforms have become necessary to help achieve higher economic growth and lead the country to prosperity. “Since the peace process has largely completed and only constitution making is remaining, it’s high

Temporary listing provision on cards

Nepal Stock Exchange (Nepse) proposed temporary listing of companies before a permanent listing. According to a draft Listing Bylaws, Nepse can allow companies to be listed for the maximum period of two years, if they fulfil listing criterion. The companies

China-made aircraft for NAC finally lands at TIA

After a long wait the China-made aircraft of the national flag carrier finally landed at Tribhuvan International Airport (TIA) in Kathmandu today afternoon. The 58-seater MA60 aircraft is the first new aircraft to be added to Nepal Airlines Corporation fleet

Regulator will step in if market fails to function properly: NRB

The central bank has said that uncompetitive market practice has forced Nepal Rastra Bank to step in the market and fix spread rate. The central bank has asked the commercial banks to bring down their spread rate to below five