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Economic News

Japanese assistance for mentally challenged children in Kavrepalanchok

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The Government of Japan and Samaj Sewa Samuha, under the Grant Assistance for Grassroots Human Security Projects (GGP) scheme, are collaborating for the construction of a Care Home for Mentally Challenged Children in Kavrepalanchok District. On 3rd May, 2017, the Cornerstone Laying Ceremony was held in Kharelthok, at the site …

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Silk Road Tourism between China and Nepal

Minister for Culture, Tourism and Civil Aviation Dil Nath Giri said that Silk Road tourism cooperation between Nepal and China could boost bilateral relations and people-to-people friendship between the two countries. Addressing an interaction on “Silk Road Tourism between China and Nepal “, organized by China National Tourist Office (CNTO) …

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KMC to buy 10 broomer machines to sweep dusty roads

By Our Reporter Dust emanating from the pipe laying works of the Melamchi Drinking Water Project has alreday posed a health risk to the people. The level of air pollution has alreday crossed the limit and the Kathmandu Metropolitan City as well as other stakeholders are doing nothing to improve …

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Significance of ‘OBOR’ in Nepal’s development endeavor

Sarachchandra Bhandary

By Sharachchandra Bhandary Of late, the One Belt One Road (OBOR) or ‘Belt and Road’ initiative of China has become a buzz phrase amongst media, academia and think-tanks of Nepal and they have been arguing that such idea would open up avenues to Nepal’s socio-economic development opportunities. Development experts view …

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Transportation syndicate continues

By Our Reporter Though the government has decided to replace all 20 year old vehicles in the Kathmandu valley from 28 February with the new vehicle, the new entrepreneurs have not been able to get permission from different syndicates to run their vehicles. If such a trend will continue, only …

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ADB to augment investment on development projects

Sarachchandra Bhandary

By Sharachchandra Bhandary The Asian Development Bank (ADB) has said it would increase investment substantially in the development projects that Nepal government has attached utmost priority. Lauding the better performance in implementing projects ADB publicly announced that it would augment the assistance amount for the year 2017-2019. During a Tripartite …

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Donors – ADB, WB unhappy with politicizing development projects

By Our Reporter In response to the criticism from the officials of the World Bank and the Asian Development Bank for the increasing politicization in the development works funded by them the concerned officials involved in implementing the development projects running with support from the Asian Development Bank (ADB) have …

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Japan to help reconstruction of school buildings in two districts

By Our Reporter Japan government is extending financial assistance of 495,197 US dollars to Shanti Volunteer Association (SVA) under the Grant Assistance for Japanese NGO Projects Scheme. Shanti Volunteer Association, an international NGO based in Japan, will work with a Nepalese partner NGO, Community and Rural Development Society Nepal (CARDSN), …

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Infrastructure Summit 2017 concludes

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By Our Reporter Nepal Infrastructure Summit 2017 concluded here Monday stressing need for creating a better investment environment by formulating favourable policies and reforming the existing policies. The two-day summit, organised by Confederation of Nepalese Industries (CNI) in partnership with the government and other organisations brought together nearly 500 participants, …

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