KATHMANDU, May 22: The Ministry of Cooperatives and Poverty Alleviation has prepared first draft of the National Urban Poor Policy in an attempt to reduce the incidence of urban poverty by enhancing skills of the urban poor, providing them employment opportunities and raising their access to finance.
This is the first time the government has made an attempt to address the problem of urban poverty through policy intervention.
“The government´s approach to resolving issues related to the poor of the poor has thus far been scheme-based. The policy will put specific focus on primary issues pertaining to urban poverty such as skill enhancement, wage employment and self-employment opportunities,” says the draft document, a copy of which was obtained by Republica.
KATHMANDU, May 22: A consortium of seven banking institutions and a group of 80 businessmen have teamed up to invest Rs 6 billion in Mistri Khola (42 MW) hydropower project.
Robust Energy is developing the project located in Myagdi district. “Finally, we have arranged financial resources for the development of the project," Subrat Dhital, chairman of Robust Energy, said.
MANILA, May 22: Non-Resident Nepalis have urged for trilateral cooperation among Nepal, India and China for economic development of the country.
"There should be strong trilateral cooperation among the three countries in order to accelerate economic growth in Nepal," Upendra Mahato, founding president of the Non-Resident Nepali Association (NRNA) said at a regional meeting of NRNA here.
Highlighting the importance of large scale infrastructure projects in country´s development, Mahato said Nepal needs investment from both China and India to develop large scale infrastructure projects. He also said political situation can be made stable through economic growth.
KATHMANDU, May 22: The number of workers leaving for overseas destinations increased by 14 percent during the first ten months of the 2012/13 compared to the number recorded during the same period last year.
Data compiled by the Department of Foreign Employment (DoFE) shows a total of 357,707 workers, including 22,213 women, left for foreign jobs in the review period, compared to 313,034 workers that flew to international job markets during the first ten months of 2011/12.
KATHMANDU, May 22: The Mobi King has been appointed national distributor for sales and service of Cubit smartphones in Nepal.
Cubit Tech is yet another Indian smartphone maker to enter the Nepali market.
Mukesh Kumar Sharma, managing director of The Mobi King, said the company introduced Cubit phones in Nepal as the demand for smartphones is increasing. “Cubit smartphones have the best technology and are available at affordable price. It is in line with our mission of providing ´technology with quality and service at competitive prices,” Sharma said, adding, “That is why we partnered with Cubit Tech.”
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