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2015 June | Nepali Economy | Page 2
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Monthly Archives: June 2015

NZ aid organisations call on to push for debt cancellation for Nepal

Humanitarian aid organisations are calling on the New Zealand government to advocate for the immediate and unconditional cancellation of Nepal’s foreign debt after devastating earthquake on April 25 and May 12 and subsequent aftershocks. NGO Disaster Relief Form chair Ian

WFP does it again, distributes rotten rice in Gorkha

The UN food agency does it again, this time in earthquake-worst hit district of Gorkha. It has distributed rotten rice to the locals putting their health at risk. The rice distributed to earthquake survivors by the World Food Programme (WFP)

Planning commission to showcase resilient home designs

Department of Urban Development and Building Construction, in association with some non-governmental organisations (NGOs), is showcasing some 25 designs of earthquake-resilient houses suitable for rural areas during the donors’ conference on June 25. The houses will be constructed using local

CG opens high-end resort in China

CG Hotels and Resort – a subsidiary of Nepal’s multinational Chaudhary Group – has opened ‘Zinc Journey Arokhampa’, a high-end resort in Lijiang, China. “The resort has been opened with a motive of strengthening the company’s penetration in the global

FNCCI opens Innovation Hub

Federation of Nepalese Chambers of Commerce and Industry (FNCCI) today opened the Innovation Hub inside its headquarters. US Embassy Chargé d’ Affaires John Carwile, acting FNCCI president Pashupati Murarka and former president Suraj Vaidya officially opened the Innovation Hub, a

Some 237 children ‘suspected of being trafficked’ after earthquake

Some 237 children are suspected of being trafficked after devastating earthquake of April 25 as they are missing since the natural disaster, according to a government body that monitors children’s movement. “The whereabouts of some 237 children – from Gorkha

Some 32 districts face food deficit

Two more districts have been added in the list of food deficit districts – thanks to drop in cereal output also due to devastating earthquake on April 25 that destroyed food – however the country will witness food surplus of

Yeti Airlines makes emergency landing after bird-hit

A Yeti Airlines aircraft had to make an emergency landing at Biratnagar today after a bird hit it. Despite the damage, the crew of the plane safely landed the plane back to the airport. The flight 792 Jetstream-41 had just

Capital spending not more than 50 per cent: Minister Mahat

The government finds it challenging to spend budget rather than resource management. There are some challenges in budget spending though resource management is not a tough job,” according to Finance Minister Dr Ram Sharan Mahat. Addressing a programme jointly organised

South Asia receives largest chunk of climate finance

South Asia received the largest share of climate finance from the multilateral development banks last year, according to a report. Among the regions, South Asia received the largest share of total funding, at 21 per cent. Latin America and the

Government to request embassies to remove negative travel advisories

The government is going to request embassies of different countries in Kathmandu to modify or remove negative travel advisories. Speaking at a meeting of parliamentary Development Committee here today, minister for Culture, Tourism and Civil Aviation Kripashur Sherpa said that

AI refutes accusations over two particular cases in Nepal

Amnesty International (AI) today refuted allegation of its Nepal chapter members over its work on two particular cases in Nepal. “While respecting the opinion of individuals and their right to disagree with it, we refute the accusations,” stated a press

Cottage industries suffer loss of Rs 590 m loss due to earthquake

The cottage and small industries have suffered a loss of Rs 590 million due to devastating earthquake of April 25, and subsequent aftershocks. The cottage and small enterprises suffered a loss of Rs 590 million due to earthquake, according to

Ministry of Education directs to waive fee by 50 per cent

The government today directed educational institutions in earthquake-hit districts to waive monthly fee of Nepali month of Baisakh by half. Ministry of Education said that since the educational institutions were completely shut down for a month – from April 26

Earthquake pushes one million Nepalis down poverty line

The devastating earthquake of 7.8-magnitude on April 25 and susbquent aftershocks has pushed an estimated one million people below poverty line. Presenting the findings of the Post-Disaster Needs Assessment (PDNA) report here today National Planning Commission vice chair Dr Govinda

Country needs Rs 666 billion for reconstruction

The country needs more than the current fiscal year’s budget to reconstruct the damaged infrastructure by the devastating earthquake of 7.8-magnitude on April 25. The preliminary report of Post Disaster Needs Assessment (PDNA) has estimated some Rs 666.31 billion ($6,663.1

ADB joins US-led partnership to fight climate change in developing countries

The Asian Development Bank (ADB) today joined a global public-private partnership to provide the highest-quality scientific data and tools to help developing countries improve their climate change planning. “Asia is one of the world’s most vulnerable regions to climate change,”

KFC, Pizza Hut closure against Labour Act: Employees

Employees of KFC and Pizza Hut asked Devyani International – the local franchisee of the two international food chains – to resume operations of the food chain as soon as possible. Organising a press meet here in Kathmandu today, members