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Economic News

Monitory crisis in offing

By Our Reporter Commercial banks have increased interest rates to attract deposits as they have seen liquidity crunch in the offing. The Banks had expected liquidity flow after the elections. Money came in the market during the elections but that money didn’t reach to the Banks as expected. This means, …

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Left alliance to give stable government and economic development

By Our Reporter The UML and Maoist Center have already managed two-thirds majority in the House of Representatives and Province Parliament elections. If both the parties will get better results in proportional election, in that case, the Left alliance will be able to manage two-thirds majority dominance. However, the UML …

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Nepal identifies three potential projects to be implemented under Belt and Road Initiative

Xinhua : Nepalese Officials have identified three potential infrastructure projects to be implemented under the framework of China-proposed Belt and Road Initiative. The projects discussed by officials on Sunday include a cross-border railway project connecting China’s bordering town Kerung with Nepal’s capital Kathmandu, electricity transmission line connecting Kerung with Nepal’s …

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Budhigandaki project to hand over to India?


By Our Reporter After strong reaction against scrapping the deal with the China Gezhouba Group Corporation (CGGC) for construction of Budhigandaki hydropower project producing 1200 MW electricity, the government on Friday, 24 November, decided to develop the Project on its own. DPM and Energy Minister Kamal Thapa informed that the …

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Construction works of Pokhara International Airport beings quietly

Pokhara Airport

By Our Reporter When the entire country has been in the election mood, construction of the much-talked-about Pokhara Regional International Airport has begun quietly. The locals of Pokhara came to know that the construction works have begun only when they saw heavy equipment including dozer, excavators, loader and tipper being …

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Three Gorges and NEA signs deal to construct West Seti project

By Our Reporter At a time when the CPN-UML and Maoist leaders have been criticizing the government for scrapping the decision to grant the Chinese company Gezhouba Group Corporation to build the Kaligandaki Hydro project, China Three Gorges Corporation (CTGC) and Nepal Electricity Authority (NEA) recently signed an agreement to …

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Melamchi’s water: Waiting for Godot


By Our Reporter Getting Melamchi water has been a mere dream for the people of Kathmandu for the last two and a half decades. Still, they are not sure whether the dreams of drinking water of the MelamchiRiver will be fulfilled as the works in its tunnel and the pipe …

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NOC officials are likely to be in the soup

Gopal Khadka

By Our Reporter The Nepal Oil Corporation and its boss Gopla Khadka are now in the soup after the media exposed their irregularities amounting to  Rs 670 million  in the procurement of  pieces of land  in Rupandehi, Chitwan, Sarlahi and Jhapa districts for Rs 1.61 billion. The corrupt officials have …

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Japanese assistance for mentally challenged children in Kavrepalanchok


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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