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Economic News

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

suresh-prabhu-7591

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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Japan funded community road in Ilam

By Our Reporter A community road constructed in Sakhejung, Ilam District with the support of the Japan government has been inaugurated amidst a function held in Sakhejung, Ilam on 21 February. The function was attended by Shinya Machida, Deputy Chief of Mission of Japan to Nepal, as well as Jhala …

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Sajha Yatayat night bus service

sajha-yatayat-new-buses

The Sajha Yatayat, a cooperative public transport limited, has launched night transport service. The night service is operated on five different routes in the Kathmandu Valley from 8 pm – 11 pm. “We have launched night transport service on five different routes from Tuesday evening taking into consideration the complaints …

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AIIB president and many more to take part in Nepal Investment Summit

AIIB

More than 100 foreign delegates from all over the world have confirmed their participation in the upcoming Nepal Investment Summit 2017 slated to be held from March 2-3. One of the high-profile participants is Asian Infrastructure Investment Bank (AIIB) President Jin Liqun, who attends the two-day event jointly organised by …

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