Page last updated at 2014-09-23 11:25:00 RSS
  BUSINESS & ECONOMY
Nepal's New Longest Bridge Links Over 200,000 Cut Off By Monsoon
RUDRA PANGENI
KATHMANDU, Sept 22: Being cut off from the rest of the country was routine for the residents of Rajapur and 10 other VDCs in Bardiya district during rainy season due to the swollen Karnali river. However, there is now good news for them thanks to a newly constructed concrete bridge,which is also of record length.

The villages, destined to live like an on island, no longer have to worry about being cut off from supplies or interrupted movement, following completion of the Kothiyaghat Bridge over Karnali.
'Economic Progress Must For Institutionalizing Outcomes Of Peace Process'
REPUBLICA
KATHMANDU, Sept 22: Leaders of major political parties have said economic progress is vital for institutionalizing the achievements of the peace process.

Speaking at a program entitled ´´Nepal´s peace process: Eight years on….´ organized by the Society of Economic Journalists Nepal (SEJON) and United Nations Development Program (UNDP) on Monday, architects of peace process -- Krishna Prasad Sitaula of Nepali Congress (NC), Pradeep Gyawali of CPN-UML and Krishna Bahadur Mahara of UCPN (Maoist) -- said political parties have common vision for economic development despite differences in political ideology.
'PTA Has Paved Way For Big Investment In Hydro Projects'
REPUBLICA
KATHMANDU, Sept 22: Minister for Finance Ram Sharan Mahat has said the country has started the journey on the path of economic prosperity.

 Inaugurating Bharatpur Festival on Monday, Mahat said Nepal has already started its march toward economic progress. “Now political parties should be responsible and play a supportive role for the development of the country,” Mahat said. He also said the government was committed toward uplifting the living standard of people by creating economic opportunities within the country.
Tourists Stranded As Locals Block Beni-Jomsom Road
SANTOSH POKHAREL
POKHARA, Sept 23: Citing transport entrepreneurs´ monopoly, people residing along the Beni-Jomsom road leading to the famous Hindu shrine of Muktinath Temple in Mustang have blocked the road on Monday.

According to agitating locals, they were compelled to take to the street against the jeep entrepreneurs after the notorious transport syndicate in the region started neglecting them.
NRB Mopping Up Another Rs 10b Through 'deposit Auction'
SAGAR GHIMIRE
KATHMANDU, Sept 23: With liquidity problem showing no sign of subsiding, Nepal Rastra Bank (NRB) is collecting deposit of Rs 10 billion from different banks and financial institutions (BFIs).

The central regulatory bank is absorbing excess liquidity from the banking system through the new monetary instrument called ´deposit auction´ after its short-term instruments, including reverse repo, failed to address the problem.
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