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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…

Hydropower sector incurred losses of Rs 8.4 billion to recent disaster: IPPAN

Hydropower sector incurred losses amounting to Rs 8.4 billion in flooding and landslides in Eastern districts on June 16-17. The flooding and landslips swept away power plants in Taplejung, Sankhuwasabha, Panchthar and Bhojpur district causing th…

15,000 entrepreneurs put up the shutters in 10 months

More than 15,000 entrepreneurs have officially shut down their businesses in 10 months. As many as 15 thousand 716 people have officially closed their business permanent account numbers (PAN). According to the Ministry of Finance, new 123 thou…

NEPSE down 39.26 points

The Nepal Stock Exchange (NEPSE) fell by 39.26 points on Wednesday, the second last trading day of the week. The bench mark index fell by 39.26 points to reach at 2049.44 points. With the decline in the share prices, the business has also shru…

Green signal noticed for vibrant economy: FinMin Mahat

Finance Minister Dr Prakash Sharan Mahat has said green signals are noticed for a vibrant economy when a new fiscal year is commencing very soon.  In a meeting of the Finance Committee of the House of Representatives today, the Finance Minis…

NOC slashes price of petroleum products

Nepal Oil Corporation (NOC) has reduced the price of petroleum products to be effective from Tuesday. The price of diesel, petrol, kerosene and aviation fuel has been decreased. According to NOC, the price has been adjusted by dividing country…

Deposits in banks and financial institutions hit Rs 5.599 trillion

Deposits in banks and financial institutions have reached 5 trillion 599 billion rupees. During the same period last year, banks and financial institutions were facing the liquidity crunch. Since the beginning of the year, banks and financial ins…

All flights of Shree Airlines grounded today

All flights of Shree Airlines scheduled for today (Sunday) have been canceled. According to the press note issued by Anil Manandhar, corporate manager of the airlines, all flights have been grounded. On Saturday (yesterday) at 3:30 pm, a&…

Shree Airlines aircraft bound for Dhangadhi diverted to Kathmandu

Shree Airlines plane flying to Dhangadhi from Kathmandu has returned to Kathmandu after noticing a problem in the engine. Spokesperson Teknath Sitaula informed that the plane that flew from Tribhuvan International Airport to Dhangadhi at 3:30 pm …

This was why Jack Ma's meeting with PM and FinMin canceled at eleventh hour

Jack Ma, a Chinese billionaire, who came to Nepal on Tuesday, left for Pakistan by a chartered flight after holding business meetings and visiting some heritage sites in Nepal. Jack Ma, who landed in Kathmandu at 1:30 pm on Tuesday, fle…
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