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Economic News

Will Khasha pass be resumed?

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By Our Reporter The Chinese side is seeking the government’s commitment against use of Nepali soil by the anti-Chinese activists. According to a source in the Home Ministry, the Chinese side has expressed concern over the use of Tatopani route by the free-Tibet activists. Not to forget, in 2008, China …

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Nepal’s trade deficit doubles

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By Our Reporter All is not well with Nepal’s economy. The trade deficit that doubled in the first four months of the current fiscal year is a testimony to this. If necessary measures are not taken to reduce the widening trade deficit, the national economy may collapse one day.  However, …

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Ban on IC notes affects Nepal

Hand with Indian thousand rupee notes

The ban imposed on the use of high denomination notes of 500 and 1000 IC notes has also affected the Nepalese, mostly in Tarai and the Karnali zone, form where many Nepalese go to India to work. Many Nepalese working in India were also unable to exchange the notes. These …

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Millennium Challenge Corporation Program in Nepal Moves Forward

Kathmandu – The U.S. Government’s Millennium Challenge Corporation (MCC) – an independent U.S. Government agency working to reduce global poverty through economic growth- announced the launch of feasibility studies of various power sector projects proposed by the Office of the Millennium Challenge Nepal (OMCN), a Government of Nepal office which …

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Japan extends Grant Aid of Rs 1.832 billion

Visiting Japanese State Minister for Foreign Affairs Nobuo Kishi (left) holds a meeting with Nepal PM Pushpa Kamal Dahal, in Kathmandu on Wednesday, August 31, 2016. Photo: PM's Secretariat

The government of Japan has decided to provide a grant assistance of 1.832 billion rupees to the government of Nepal for upgrading aviation safety facilities and supporting school sector development program in Nepal. Masashi Ogawa, Japan’s ambassador to Nepal, and Lok Darshan Regmi, secretary at the Ministry of Finance, signed …

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Journalist Shakya bereaved of his wife

By Our Reporter Noted journalist, editor and publisher of Rajmati Newari weekly newspaper and the first president of the Federation of Nepali Journalists, Lalitpur Branch, Dharmaratna Shakya has been bereaved of his wife Nucshemaya Shakya. Late Shakya, 83, passed away on 19th June. People’s Review family extends heartfelt condolences to …

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Pokhara’the cheapest tourist destination

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The world famous Forbes Magazine has published list of 20 best value cities for budget travellers that cost less than $30 per day, where Pokhara has topped list with a daily total of only $15.84. It was followed by Hanoi and Ho Chi Minh City (Saigon) in Vietnam with daily …

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