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2015 April | Nepali Economy
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Monthly Archives: April 2015

Budget to shift focus to reconstruction, also to cross ceiling

The government – in the next fiscal year’s budget – is going to shift its priority to reconstruction, after the devastating earthquake on April 25. The government will have to add rescue, relief, reconstruction and rehabilitation in the next fiscal

Next budget to focus on reconstruction

The government is adding new dimension in the next fiscal year’s budget apart from concentrating more on reconstruction. The next fiscal year’s budget will focus on reconstruction as the earthquake on April 25 damaged lost of infrastructure including roads, buildings

Government, ADB sign $3 million grant for earthquake relief

The government and Asian Development Bank (ADB) today signed a $3 million grant agreement to finance relief efforts in the country following Saturday’s 7.8 magnitude earthquake. Finance secretary Suman Sharma and ADB country director Kenichi Yokoyama signed the agreement on

Relief aid flowing into Nepal, rebuilding could exceed Rs 1 trillion

The country needs around Rs 1 trillion to reconstruct the damaged infrastructure in the Saturday’s devastating 7.8-magnitude earthquake. The cost to rebuild Nepal after its most devastating earthquake, in eight decades, would exceed Rs 1 trillion ($10 billion) and take

Facebook adds free VoIP video calls to Messenger

Facebook has announced the launch of free video calling via its Messenger VoIP app in the US, Canada, UK and 15 other countries. The new feature allows users to start a video call within an existing Messenger conversation by tapping

Over 50,000 pregnant women affected from quake: UNFPA

United Nations Popultion Fund (UNFPA), a UN agency, has claimed that some 50,000 pregnant women and girls are affected from Saturday’s devastating earthquake. We have estimated that some 50,000 pregnant women and girls could be among the survivors, the Fund

Transport entrepreneurs charging three times more to desperate commuters

Transportation entrepreneurs have been charging three times the normal fare as the government agencies failed to monitor the transportation in and out of the Valley. Thousands of desperate commuters thronged Gongabu bus park and Kalanki – the main exit point

Earthquake strikes Nepal, hundreds dead, history crumbled

A powerful earthquake struck at 11.56 am today suspected to be killing hundreds and injuring thousands across the country. The quake epicentered at some 80-km northwest of Kathmandu had a depth of only 11-km, which is considered shallow in geological

Nepal requests US to hire Nepali workers

Nepal requested the US to hire Nepalis in agriculture sector. State Minister for Labour and Employment Tek Bahadur Gurung during the meeting – at his office in Singhadurbar today – asked the visiting deputy assistant secretary of the State in

Direct bus service from Karnali to Kathmandu marks Loktantra Day

The remote Karnali region is coming closer to the capital, as it is connected with a direct bus service from Jumla – a far western district – with Kathmandu. Karnali Transport Service started the direct bus service from today from

Government allows Nepali women migrant to work as domestic help abroad

The government has allowed Nepali migrant workers to work as domestic help in Gulf and Malaysia. Endorsing the guidelines on domestic migrant workers today – as part of its preparations to lift travel ban on Nepali housemaids – the government

Five donors pull out of Nepal Peace Trust Fund

Some five donors decided to pull out of Nepal Peace Trust Fund (NPTF). Denmark, Finland, Norway, Switzerland and UK’s Department for International Development (DfID) today decided to cease their financial support to the second phase of the fund that has

Nepal to give preferential treatment to 50 Bangladeshi products

Nepal agreed to provide preferential treatment to 50 Bangladeshi products including trout fish, catfish, carp potato and bamboo shoot. Though the bilateral agreement will be signed tomorrow at the end of two-day techinal committee meeting – led by joint secretaries

Prime Minister markets Nepal as an attractive investment destination

Nepal offers an attractive investment regime and ‘unprecedented opportunities for growth and development’ being wedged between India and China, according to Prime Minister Sushil Koirala. Addressing the New Asian-African Strategic Partnership (NAASP) Conference in Jakarta, the Indonesian capital, today, Koirala,

China asks Nepal to move forward to economic prosperity

China has urged UCPN-Maoist to focus on economic prosperity by completing the constitution writing process as soon as possible. A visiting Shaanix Province secretary of the Chinese Communist Party Zmnao Zxemgyong today – during the meeting – urged chairman of

Government to set up mountain tourism workers’ welfare fund

The government is planning set up a welfare fund for mountaineering tourism workers to help mountaineering and trekking workers at times of rescue and emergency. Speaking at a programme organised by Nepal Mountaineering Association (NMA) here today marking the first

Consultant to clarify stand on Tanahu hydropower

The consultant of Tanahu Hydropower Project is preparing to clarify Nepal Electricity Authority (NEA) on its position on 140-MW hydel project. Nepal Electricity Authority (NEA) has last week asked the consultant to clarify its position on signing the contract for

NOC seeks CIAA support to carry out cylinder verification

Nepal Oil Corporation (NOC) requested Commission for the Investigation of Abuse of Authority’s (CIAA) support in carrying out cooking gas cylinder verification. The state petroleum supply monopoly sought the anti-corpution watch dog’s help after the gas bottlers refused to cooperate