Nepal to host Power Summit 2025 in September

By Shirish B Pradhan, KATHMANDU:- Nepal will host Power Summit 2025 in September here, said Ganesh Karki, president of Independent Power Producers’ Association of Nepal (IPPAN) on Tuesday. The..

NEA Rangeli distribution centre to install additional transformer

MORANG:- In response to increasing electricity demand driven by extensive use of irrigation motors, the Nepal Electricity Authority (NEA) Rangeli Distribution Centre in Morang is set to install an..

About 59% paddy plantation completed so far across country

KATHMANDU:- About 59 percent of this season’s paddy plantation has been completed across the country, according to the Ministry of Agriculture and Livestock Development. As of July 13, rice..

Monetary policy positive: Nepal Chamber

KATHMANDU:- A business entity has commented that the monetary policy unveiled by Nepal Rastra Bank (NRB) for the fiscal year, 2082/83 was positive, for it would facilitate financial..

Finance Minister insists on growth in power production for economic prosperity

KATHMANDU:- Deputy Prime Minister and Minister for Finance, Bishnu Paudel, has said economic prosperity could be achieved by increasing power generation. During his address to a programme..

Investigations and actions to be made effective to get out of FATF ‘grey list’

KATHMANDU:- Nepal Rastra Bank (NRB) has adopted a policy to effectively monitor, investigate, and take action against suspicious transactions in order to remove Nepal from the 'grey list' of the..

‘Around 260 megawatts electricity disconnected from NTS’

KATHMANDU:- Minister for Energy, Water Resources and Irrigation, Deepak Khadka, has said around 260 megawatt electricity has been disconnected from the national transmission system (NTS) due to..

Budget focused on giving impetus to economy: Finance Minister Poudel

KATHMANDU:- The government has presented its budget (income and expenditure) estimates for the upcoming fiscal year 2025/26 in the parliament. The government was expected to bring the budget with..

NSO estimates 4.8% GDP growth

KATHMANDU:- The gross domestic product (GDP) at basic prices is preliminary estimated to grow by 4.8 per cent in the third quarter of the current fiscal year 2024/25. In the preliminary..

Test production begins at Chimkhola-Rahughat transmission line

MYAGDI:- Test production of a 220-KV Chimkhola-Rahughat transmission line, constructed to connect power produced from hydropower projects at Rahughat basin of Myagdi district to central system, is..

Special Court granted ISO Certificate

KATHMANDU:- The Special Court has been granted the International Organization for Standardization (ISO) certification in recognition to the court’s ability in advancing accountability,..

Country’s total trade deficit reaches around 1400 billion

KATHMANDU:- In the first eleven months of the current fiscal year 2024/25, the country's total deficit has reached Rs 1397.23 billion with a 6.3 percent rise. Such a deficit had decreased..

Nepal receives Rs 1,532 billion remittances in 11 months

KATHMANDU:- Remittance inflow has reached Rs 1,532 billion in 11 months of the current fiscal year. As per the Current Macroeconomic and Financial report released Tuesday, the remittance..

Flights resume after three weeks in Taplejung

TAPLEJUNG:- Air services have resumed in Taplejung after three weeks. Flights had been suspended in Taplejung since June 13 due to bad weather. A Nepal Airlines plane arrived today from Kathmandu..

Problems in banks and financial institutions due to increasing bad loans: Governor Paudel

KATHMANDU:- Nepal Rastra Bank governor Dr Bishwanath Paudel has said that increasing bad loans in agriculture and small and medium enterprises have badly affected banks and financial..

Business