KATHMANDU, May 29: Nepal's economy has bounced back after two bad years punctuated by earthquake and the Indian blockade. Tabling the economic survey report in parliament on Sunday, Finance Minister Krishna Bahadur Mahara said that the economy, which contracted because of the earthquake and supply disruption in the boarder areas, has now fully rebounded. The survey is based on data for the first eight months of the current fiscal year.
KATHMANDU, May 25: Few months before the constitution was promulgated, the erstwhile government, through its policy and programs, had announced an incentive package for merger of village development committees (VDCs).
KATHMANDU, May 24: With Prime Minister Pushpa Kamal Dahal “all set to resign”, the Cabinet meeting on Tuesday decided to award the Budhigandaki Hydropower Project to a Chinese company. But the decision, according to government officials, to award the reservoir project to China Gezhouba Group Corporation (CGGC) has a rider - CGGC will have to come up with a technically and financially viable proposal within a year.
KATHMANDU, May 17: Two budgetary programs allocated for development projects directly picked by parliamentarians will be discontinued in the new budget, according to officials involved in preparation of budget for Fiscal Year 2017/18.
KATHMANDU, May 11: Candidates in the three provinces going to local polls in the first phase are using a different publicity modality than in past election campaigns. The use of pamphlets and brochures is sparse this time and the demand for paper for publicity purposes is very low, according to Nepal Printers Association.
KATHMANDU, May 10: Kulman Ghising, the managing director of Nepal Electricity Authority (NEA), on Tuesday said that the power utility was buying energy-efficient LED lamps from India to enhance its demand-side management.
JANAKPUR, May 3: On her way to school, fifth-grader Priti Kumari Yadav carries an empty sack to use as a mattress to sit on in her class. Yadav and her 33 classmates do the same because there is no furniture.
KATHMANDU, May 4: Changing the existing flat energy rates for dry months, Nepal Electricity Authority (NEA) has offered to pay developers better rate if the latter reserve water in the daytime and generate more energy during peak hour.
KATHMANDU, May 3: Two major political parties-Nepali Congress and CPN UML-- have unveiled their election manifestos for the local elections, and most of the promises made in those documents are unrealistic. The targets of high per capita income, double-digit economic growth, and generation of up to 15,000 MW hydropower in 10 years are far from achievable because these are not backed by concrete plans and identification of the 'engine of growth' that will drive economic activity.
KATHMANDU, April 17: Money disbursed by development agencies outside the government system increased significantly in fiscal year 2015/16, despite the government's effort to bring such spending into the government channel.
KATHMANDU, April 15: Delays and cancellations of domestic flights have lately become routine events at Tribhuvan International Airport (TIA), thanks to poor visibility due to increased levels of fine dust particles in the air, and a surge in air traffic.
KATHMANDU, April 14: Tablet personal computers (PCs) are different from smartphones. But tax officials have defined tablet PCs as smartphones and given value added tax (VAT) reimbursement to importers. “
KATHMANDU, April 12: Failure to recover capital gains tax (CGT) from telecom operator Ncell has put Ministry of Finance (MoF) at the top of the list of government agencies in terms of financial indiscipline in Fiscal Year 2015/16.