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Yearly Archives: 2018

Nepal and China finalize protocol on trade and transit

Kathmandu, 8 September: Nepal and China finalised the much-hyped protocol of Nepal-China Transit and Transportation Agreement on Thursday, 7 September, ending the country’s sole dependence on Indian ports for overseas trade, reports Annapurna Post vernacular daily. China has given access in all her seaports to Nepal. The two-day long third …

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Bangladesh to purchase electricity from Upper Karnali

Kathmandu, 8 September: Bangladesh is to buy electricity produced from Upper Karnali. The recently held cabinet meeting of Bangladesh has decided to buy 500 MW energy produced by Indian company GMR from Upper Karnali, reports Ratopati news portal. Nashrul Hamid, state minister for Electricity, Energy and Mining informed the decision …

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Missing helicopter located in Dhading

Kathmandu, 8 September: The Altitude Airlines owned helicopter flying to Kathmandu from Gorkha, which had gone out of contact, is located in Dhading. The missing helicopter is located near Batshala Middle High School in Sattyabati Rural Municipality, according to the District Police Dhading, reports Onlinekhabar news portal. The helicopter with …

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China agrees to provide transit route to Nepal

Kathmandu, 7 September: Both Nepal and China have agreed on the protocol of the Nepal-China Transit Agreement, according to Onlinekhabar news portal. The third consultancy meeting held in Kathmandu from Wednesday has become ready to finalize the draft of the protocol. Along with endorsement of the transit agreement, Nepal’s dependency …

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Former Queen inaugurates school building in Gorkha

Kathmandu, 7 September: Former Queen Komal Rajya Laxmi Shah, patron of the Himani Trust, has inaugurated newly constructed building for Sree Bhawani Middle School in Palungtar, Gorkha on Thursday, 6 September. Himani Trust and the Japanese Buddhist Organisation have jointly built the school building at the cost of 49.5 million …

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Kathmandu BIMSTEC: No major breakthrough

By Our Political Analyst Although the government is highly satisfied and encouraged by successfully concluding the BIMSTEC summit in Kathmandu, intellectuals are found not so encouraged from the summit. Modi domination: Intellectuals, academicians and Nepal’s former diplomats believe that BIMSTEC is India’s strategic demonstration rather than a regional organization for …

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Nepal following footsteps of Venezuela?

By Pushpa Raj Pradhan Last week, the US dollar price had established a new record of above 114 rupees per unit. Nepal’s currency is tied-up with the Indian currency at 100:160 ratio. As Indian currency has become weak, it has affected our money market. Due to the fixed exchange rate …

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Trade deficit increases high

By Our Reporter The country’s trade deficit has further widened in the first month of the current fiscal year. The growing trade deficit clearly suggests that all is not well with the country’s financial health.  And the significant growth in import and weakening rupees against the US dollar are blamed …

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Will Nepal benefit from Modi-dominated BIMSTEC?

By Our Reporter The fourth Summit of the Bay Of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) concluded in Kathmandu last week by issuing an 18-point declaration. Although Nepal may not derive the desired fruit from the regional body immediately, the government managed to win the hearts of …

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Nepal-India ink railway feasibility study agreement

By Our Reporter As expected earlier, Nepal and India signed a bilateral agreement on the feasibility study of Kathmandu-Raxaul railway during Indian Prime Minister Narendra Modi’s recent Nepal visit to attend the 4th BIMSTEC Summit. The agreement was signed in the presence of the Prime Minister KP Sharma Oli and …

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