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Deepak Bhatta

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…

Policies and programs: No cost reduction, nor production-oriented new plan

The policies and programs for the upcoming fiscal year 2023/24 have been announced. It seems that the policies and programs that are meant to guide the next year's budget try to satisfy all sectors since almost all the past programs are repea…

Bangladeshi party prioritizes import of Nepal’s hydropower in its election manifesto

A political party in Bangladesh has given priority to Nepal's hydropower in its election manifesto. Bangladesh is preparing to hold elections in January 2024. Sheikh Hasina, who is the incumbent prime minister from the Awami League,&n…

Preparation to seal deal on 3 mega hydro projects with India

Prime Minister Pushpa Kamal Dahal ‘Prachanda’ is making preparations to visit southern neighbor India. Prime Minister Dahal will go on an official visit to India after taking the vote of confidence and expanding the Council of Ministe…
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