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Death toll caused by Sunkoshi blockage reaches six; Barabishe at risk of inundation
Dispute lingers despite SC order
Nepali golf eager to make a mark
IBN board to discuss Upper Karnali PDA template today
Call for more effective market monitoring
Biz community expecting a lot from Modi visit
Rupee weakens, gold price stable
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Page last updated at 2014-08-02 10:57:16 RSS
  BUSINESS & ECONOMY
  IBN Board To Discuss Upper Karnali PDA Template Today
       REPUBLICA  
 
    Cabinet endorsement to follow

KATHMANDU, Aug 1: The board of Investment Board Nepal (IBN) is holding discussion on the draft of Project Development Agreement (PDA) for Upper Karnali Hydropower Project on Saturday.

Highly-placed government sources said the cabinet is expected to endorse PDA on Saturday itself. IBN is preparing to sign PDA with GMR -- the Indian company which is developing the 900-MW project -- in the presence of Indian Prime Minister Narendra Modi.

 
  Call For More Effective Market Monitoring
       REPUBLICA  
 
    KATHMANDU, Aug 1: Consumer rights activists have urged the government to make market monitoring effective during upcoming festivals.

Speaking at an interaction in the capital on Friday, officials of the Forum for Protection of Consumer Rights (FPCR) alleged that the monitoring campaign of different government agencies had become ineffective. “There are various anomalies in the market. But monitoring activities have slowed down,” Jyoti Baniya, general secretary of FPCR, said.

 
  Rupee Weakens, Gold Price Stable
       REPUBLICA  
 
    KATHMANDU, Aug 1: Nepali rupee weakened against US dollar this week as the Indian currency, with which rupee is pegged, shed values against the greenback. Nepali rupee lost 72 paisa against US dollar over the week.

Gold price, on the other hand, remained unchanged this week as there was no change in the price of the yellow metal in the international market. 

 
  Nepse Snaps Four-week Gaining Streak
       REPUBLICA  
 
    KATHMANDU, Aug 1: Nepal Stock Exchange (Nepse) snapped four-week gaining run this week, losing 7.84 points to close at 1,066.09 points on Thursday -- the last trading day of the week.

Stock brokers say the market went into correction mode this week after posting gains for four straight weeks. Narendra Sijapati, president of Stock Brokers Association of Nepal (SBAN), told Republica that the market went down m+arginally this week as investors chose to book profits after the prolonged winning run. “As Nepal Rastra Bank (NRB) directed the commercial banks to extend loan repayment period for 15 days till July-end, investors repaid loans by selling their shares. This also pulled the benchmark index down,” he added.

 
  EScan Universal Security Suite Launched
       REPUBLICA  
 
    KATHMANDU, Aug 1: Phoenix Trading has launched eScan Universal Security Suite -- an all-in one security solution in Nepal.

According to the company, the newly launched security suite will ensure secured computing experience to multiple devices operating on multiple platforms such as Windows, Macintosh, Android and Linux with just a single license key.

 
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