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Outer Ring Road project in limbo

By Our Reporter The Development and Technology Committee (DTC) of the Federal Parliament recently directed the Ministry of Urban Development to continue the Outer Ring Road Project proposed in 2005. The project was almost shelved after the government could not find ways to acquire the land in the way of …

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PM Oli concludes Vietnam, Cambodia visit

By Our Reporter Prime Minister K.P. Sharma Oli has paid a visit to Vietnam and Cambodia. Although Foreign Minister Pradeep Kumar Gyawali termed the visit as a high-level visit taking place after a long time, suspicions had been there as to why the Prime Minister Chose to visit the two …

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CPN unification works unlikely to be completed by tomorrow

By Our Reporter The unification process in the ruling CPN is unlikely to complete tomorrow as promised by its leaders earlier. It has already been a year since the then CPN-UML and the Maoist-Centre announced their unification a year ago. But the unification process is yet to complete. Although the …

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20 percent works on Arun III completes

By Our Reporter About twenty per cent of the Aurn III Project work has been completed following the completion of a year of the project’s inauguration. Prime Minister KP Sharma Oli and Indian Prime Minister Narendra Modi had jointly inaugurated the construction of project, last year on May 13th by …

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How will be the new budget?

By Our Reporter The government is now preparing the budget for the fiscal year 2019/20. Lawmakers in the House of Representatives and National Assembly have suggested the government to introduce the budget by narrowing down the priorities during the budget discussion in the parliament. Finance Minister Dr Yub Raj Khatiwada …

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When Janakpur-Jainagar railway resume its service?

By Our Reporter The much-talked about Janakpur-Jayanagar rail service was to come into operation by Wednesday (May 15). But it did not clearly hinting that that development projects in Nepal hardly complete within the deadline. About two months back, the government had announced that the Rail purchase process had reached …

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SCO as a guarantor of Nepal’s stable development

BY RUPAK ARYAL In October 2018, the Secretary General of the Shanghai Cooperation Organization (SCO) Rashid Alimov said that the SCO countries were planning to create a unified transit system for development of the logistics potential of the partner states. To this end, the SCO member states are going to …

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German establishes new record in FDI

By Our Reporter 2,062 foreign companies opened up businesses in Germany in 2018 establishing a new record. That is the result of the FDI Report drawn up by Germany Trade & Invest (GTAI). The EU is the most important source of Greenfield and expansion projects in Germany. The US holds …

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Indo-US backing for Yadav-Bhattarai unification

By Our Reporter The Upendra Yadav led Federal Socialist Forum and Baburam Bhattarai led Naya Shakti Party have been merged into a new party, Socialist Party Nepal. Yadav is known as a pro-West leader, whereas, Bhattarai is known as close to the Indian Congress and RAW. Furthermore, Yadav is very …

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Policy and programmes: No more but an easy imagination

By Our Economic Observer “Steamers have already started to run in our rivers, soon, we will operate ships”, this is no more than the imagination of Prime Minister KP Sharma Oli. The government policy and programmes presented by President Bidya Devi Bhandari in the Federal Parliament on 3 May is …

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