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Monthly Archives: August 2014

Experts urge to boost trade in services

Experts suggested the government to take benefits from service trade as it has competitive edge against our neighbours. Addressing an interaction organised by Ministry of Commerce and Supplies, here today, director general of the Federation of Nepalese Chambers of Commerce

Opposition parties obstruct House over HLPC

The opposition today obstructed the House accusing the ruling parties for being irresponsible. Today’s session was adjourned in 15 minutes, following the obstruction of lawmakers from the UCPN-Maoist and Madhes-based parties after opposition leader Pushpa Kamal Dahal ‘Prachanda’ addressed the

Nepali traders ask Chinese envoy to ease visa rules

Nepali traders today asked Chinese ambassador to help ease visa for business people. A delegation of Nepal Foreign Trade Association led (NFTA) by its president Ramesh Gupta met with Chinese ambassador to Nepal Wu Chuntai and asked him to help

Committee submits report on Upper Karnali PDA to premier with more recommendation

A high-level committee submitted its report on revised draft Project Development Agreement (PDA) for Upper Karnali Hydropower Project to Prime Minister Sushil Koirala. The report has added some more recommendations for the proposed 900 MW-Upper Karnali Hydropower Project. The government

Cabinet nominates 17 lawmakers

The government has finally nominated 17 lawmakers – out of 26 vacant seats – today, after nine months of Constituent Assembly (CA) elections and seven months after the second CA first met on January 22. A cabinet meeting this afternoon

Kathmandu to be plastic-free from 2015 mid-April

The government has decided to declare Kathmandu Valley polythene bag-free zone from mid-April 2015. “The decision has already been taken in line with the Parliamentary Environment Protection Committee directive to declare the valley polythene bag-free zone,” said spokesperson of Ministry

Truck, tipper operators warn of nationwide transport strike

Truck and tipper operators today threatened to strike across nation, if the government tries to suppress their peaceful protest programmes. Organising a press meet here in the Valley today they also criticised the government for its suppress, in their own

Nepse asks short-listed firms to submit request for proposal

Nepal Stock Exchange (Nepse) called today for request for proposal from the three short-listed firms to become consultant and recommend business requirement specifications to implement its planned online trading system. Daiwa Institute of Research, The International Securities Consultancy and Korea

Six more Nepalis arrested in Malaysia

Malaysian police today arrested some seven more suspects – six Nepalis and one Vietnamese migrant worker – involved in the arson and rioting at a factory of JCY International in Johor state of Malaysia on Wednesday. Some 40 Nepali and

Tipper operators protest obstruct Koteshwor road

The tippers operators disturbed the Valley traffic today, as they blocked Koteshwor road. They blocked Koteshwor-Baneswhor and Koteshwor-Gaushala road section protesting the government ban on crusher industries. The protesting operators demanded lifting of the ban on crusher plants. The agitating

IFC, GAFSP to invest $3.8m in Probiotech

Private sector lending arm of World Bank Group International Finance Corporation (IFC) and private sector window of Global Agriculture and Food Security Programme (GAFSP) are investing $3.8 million in Probiotech Industries to enhance poultry farm productivity and boost incomes in

Nepal to be completely literate by the end of current fiscal year

The government has claimed that the country will be ‘total literate’ by the end of the current fiscal year. Currently, Nepal’s literacy rate stands at 65.9 per cent, according to National Census 2011 by Central Bureau of Statics. However, over

Rising number of cooperatives poses systemic risk to financial sector

The latest Financial Stability Report published by the central bank has warned of systemic risk to the financial sector due to ballooning cooperatives in recent years. The cooperatives, unlike their basic norms, have earned bad name in Nepal due to

New Consulate General office in Jeddah to boost Saudi ties

Nepal has opened its consulate general office in Jeddah. Nepal’s ambassador to Saudi Arabia Udaya Raj Pandey inaugurated the new mission in the Mohammediya district in Jeddah yesterday in the presence of a large number of Nepali expatriate. Sudhir Bhattarai

Ministry claims air safety improvement

Ministry of Culture, Tourism and Civil Aviation today wrote International Civil Aviation Organisation that Nepal has been working hard to improve air safety standards in recent months. A letter dispatched today also claimed that the ministry has been taking slew

Finance Ministry says Nepal needs to learn from China

Nepal needs to learn a lot from China’s economic progress, according to a minister. Inaugurating Nepal-China Contemporary Studies Council, here today, finance minister Dr Ram Sharan Mahat said that China achieved notable progress in a short period due to its

Finance Minister assures smooth supply of construction materials

Finance Minister Ram Sharan Mahat has assured to smoothen supply of sand and crushed stones as the shortage has hit the development workers. “The government will take adequate measures to smoothen the supply,” he said, adding that the shortage of

Kamata WB’s country manager for Nepal

Takuya Kamata has been appointed World Bank’s country manager for Nepal. Kamata, a Japanese national, joined the World Bank in 1990, said the World Bank. He has since held various positions in the infrastructure sector, country and corporate units in