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Deepak Bhatta

WB, ADB to invest US $4 bln in Upper Arun and Dudhkoshi hydro projects

The two major donor financial institutes -- World Bank (WB) and Asian Development Bank (ADB) -- are jointly making investments in the Upper Arun hydroelectricity project with the capacity of 1,063-megawatts and Dudhkoshi hydropower project. This …

Govt to showcase 21 projects worth Rs 891 bln for PDA in investment summit

With only 19 days to go before the Nepal Investment Summit 2024, the preparations have reached the final stage. The committee formed to select and showcase projects led by chief secretary Baikuntha Aryal has said the work has reached the final st…

Adani Group representative in Kathmandu, discusses Nijgadh Airport investment

The representatives of billionaire Gautam Adani, chairman of Adani Group, who is considered close to the Prime Minister of India, Narendra Modi, have arrived in Nepal. This group, which has been investing in large infrastructure in…

Red Bull production begins in Nepal 4 yrs after import ban

The Red Bull production has started in Nepal from today (Tuesday) four years after the government put a ban on its import. The production of energy drinks has started with the investment of 2 billion rupees by Khetan Group. Finance Minister …

Revenue Allotment: Department of Customs- 600.5 bln, IRD-600 bln

The Ministry of Finance has set targets for the Department of Customs and the Department of Inland Revenue (IRD) to collect revenue for the fiscal year 2023-24. The ministry has informed that the revenue target presented through the budget for th…

Nepal under money laundering scanner: Review underway in Canada, report in 2 months

Nepal's assessment in the case of money laundering is being reviewed in Canada. The final review is currently being done in Canada and the report will be published in the next two months. Many countries including Nepal are undergoing an asses…

Deal to procure 10,000 MW electricity from Nepal enters India's Cabinet

A historic understanding reached between Nepal and India during Prime Minister Pushpa Kamal Dahal's four-day official visit to the southern neighbor has entered the cabinet of India. During the official visit to New Delhi, a preliminary agree…

IPPAN needs to be steered with vision of generating 25,000 MW in 10 yrs: Ganesh Karki (interview)

Born in Kamal Rural Municipality-1 Jhapa, Ganesh Karki did his School Leaving Certificate (SLC) from Dharan. Karki came to Kathmandu in 2041 BS and has been involved in business for the last 39 years. He started his business by spinning carpet ya…

Adani Group in Nepal, to invest in 3 projects in collaboration with Chinese company

Gautam Adani Group, one of the richest conglomerates in the world, has started discussions about investing in Nepal. The group has initiated discussions with Nepali companies to invest in various projects. The Adani Group has no investment in Nep…

Budget 63 bln bigger than ceiling despite low estimate of revenue collection

Finance Minister Dr. Prakash Sharan Mahat has presented a budget of 63 billion more than the ceiling given by the National Planning Commission (NPC) in the fiscal year 2023/24. The NPC had said that resources of 16 trillion 88 billion rupees coul…
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