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Monthly Archives: July 2015

Spend budget sufficiently on time: Mahat

Finance Minister Dr Ram Sharan Mahat today directed secretaries of different ministries to sufficiently spend the allocated budget on time to get the desired result. Addressing the secretaries at the Finance Ministry, he urged them to make the ‘Budget Implementation

Cabinet endorses foreign junket directive

The government has introduced new criteria for foreign junkets for those in public positions. A Cabinet meeting today endorsed a directive concerning foreign visits and gifts of the government officials. A committee under secretary at the Prime Minister’s Office and

Kaski landslides claims 30 lives

The death toll from landslides and flooding – due to torrential Monsoon rains in various villages of Kaski district – has climbed to 30. Some 23 – including seven of a family – died while six others went missing at

President pardons Pandey

President Dr Ram Baran Yadav today pardoned former Federation of the Nepalese Chambers of Commerce and Industry (FNCCI) president Pradeep Jung Pandey. The President’s press advisor Rajendra Dahal confirmed that Pandey is among 21 persons granted pardon by the President

Nepal could lose funding, ADB warns

Asian Development Bank (ADB) today warned of cutting off the funds, if the government doesnot increase efficiency in spend on development projects. Addressing Tripartite Portfolio Review Meeting – between ADB headquarter, Nepal Resident Mission and governmet – director general Hun

Nepse surges by 50 points on Monetary Policy

Share market reacted positively on Monetary Policy – that directed banks and financial institutions to hike paid up capital to Rs 8 billion by next two year – as Nepal Stock Exchange (Nepse) today leaped by 50.57 points to close

Government to restart plastic-free campaign in Kathmandu

The government is again launching a campaign to make Kathmandu Valley a plastic-free. Department of Environment under the Science, Technology and Environment Ministry today said that the campaign – launched by the government to make the capital a beautiful city

After three months of devastating earthquake, children still express fears and insecurity

The children are – after three months of devastating earthquake – still feeling insecure “Nearly 2,000 children, who survived the earthquakes have expressed fear and insecurity at having to live in tents and overcrowded shelters, anxiety about the risks to

All-new sporty hatchback BOLT from Tata Motors launched

Tata Motors today launched its much-awaited sporty hatchback, the all-new Bolt, in Kathmandu. Manufactured at the Pimpri plant in Pune, Bolt is the latest car from the company – under its HorizoNext umbrella – that offers many segment-defining features for

Experts suggest government to enforce building code

A team of structural engineers recommended the government to strictly enforce building code as only preparing building code is not enough to save the lives in disaster. The team from the US with global expertise in disaster assessment analysing the

Rs 1.68 billion trade deficit per day

The country is witnessing trade deficit of Rs 1.68 billion per day as export receipt dropped by Rs 3.9 billion, while import bills soared by Rs 45 billion in the eleven months of last fiscal year 2014-15 compared to the

Central bank directs banks to hike paid-up capital

Central bank today directed the banks and financial institutions to hike paid up capital within next two years – to strengthen their balancesheet size – encouraging their further consolidation. The commercial banks need to increase their paid-up capital by four

Experts focus on resilient livelihoods

Policymakers said that reconstruction and rehabilitation works – post April 25 devastating earthquake – should focus on promoting resilient livelihoods. “Livelihood recovery strategy must not only redress the damage caused by the earthquake, but it must also help build the

UML forms team to discuss on budgetary dispute with NC

One of the coalition partners CPN-UML has formed a three-member talks team to negotiate on disputed issues on budget with the Nepali Congress (NC). The standing committee meeting of CPN-UML held at the Parliamentary Party Office in Singha Durbar today

Lower duty to reverse gold smuggling trend

The current trend of gold smuggling from Nepal to India is going to reverse. The budget for the next fiscal year 2015-16 – starting from July 17 – has lowered import duty of gold to stop smuggling from Nepal but

Mountaineering experts suggest ‘safety council’

Experts suggested a ‘safety council’ for coordinated efforts to encourage mountain activities, foster safety and promote quality standards in the mountaineering tourism. According to world expert on International Tourism advisor David Bamford enhanced safety condition in Nepal’s mountain tourism is

PATA to hold travel mart, bloggers meet

Pacific Asia Travel Association (PATA) Nepal chapter today announced Bloggers Conference 2015 and Himalayan Travel Mart 2016. To be organised in coordination with Tourism Ministry, Nepal Tourism Board (NTB), Nepal Airlines Corporation (NAC) and private sector, the conference and travel

Tara Air adds new Twin Otter to its fleet

Tara Air added a brand new Viking DHC6-400 Twin Otter aircraft to its fleet. The short take-off and landing (STOL) aircraft boasts cutting-edge avionics technology with an integrated full glass cockpit that features the enhanced ground proximity warning system, traffic