ECONOMY
Energy minister to tap state-owned firms, employee-benefit funds
Energy minister to tap state-owned firms, employee-benefit f...
KATHMANDU, Aug 26: When Employees Provident Fund (EPF) agreed to a loan-finance of Rs 800 million to build 22 MW Chilime Hydropower Project two decades ago, it took many by surprised and was seen as a high risk decision.
Aug 27, 2016
ECONOMY
Remittance growth slows
Remittance growth slows
KATHMANDU, Aug 26: The number of people going abroad to work fell last year, pushing the growth rate of remittance inflow down in Fiscal Year 2015/16.
Aug 27, 2016
ECONOMY
Rupee up marginally against US dollar, gold prices down
Rupee up marginally against US dollar, gold prices down
KATHMANDU, Aug 26: After losing value early in the week, the Nepali rupee gained 3 paisa against the US dollar this week as the Indian currency, with which the rupee is pegged to, gained in value against the greenback.
Aug 27, 2016
ECONOMY
Nepse rides out volatility to rise 8 points
Nepse rides out volatility to rise 8 points
KATHMANDU, Aug 26: The Nepal Stock Exchange (Nepse) benchmark index rose 8.19 points this week despite volatility in the market throughout the week.
Aug 27, 2016
ECONOMY
We’re selling four Cretas a day: Laxmi Intercontinental
We’re selling four Cretas a day: Laxmi Intercontinental
KATHMANDU, Aug 27: Laxmi Intercontinental, the authorized distributor of Hyundai vehicles for Nepal, said Friday that it is selling an average of four units of Hyundai Creta a day in the country.
Aug 27, 2016
ECONOMY
Special general meeting approves Civil Bank-ILFLC merger
Special general meeting approves Civil Bank-ILFLC merger
KATHMANDU, Aug 27: A special general meeting of shareholders of Civil Bank Ltd has approved a proposal for its merger with International Leasing & Finance Company Ltd (ILFCL).
Aug 27, 2016
ECONOMY
NIC ASIA announces rights issue, stock dividend
NIC ASIA announces rights issue, stock dividend
KATHMANDU, Aug 27: NIC Asia Bank Ltd has announced that its board of directors has proposed distributing 26 percent stock dividend and 1.37 percent cash dividend to its shareholders.
Aug 27, 2016
SOCIETY
VVIP rooms at Bir, TUTH empty while millions spent on checkups abroad
VVIP rooms at Bir, TUTH empty while millions spent on checku...
KATHMANDU, Aug 27: Bir Hospital renovated its VVIP cabin spending around Rs 3 million some two years, but the VVIPs go to hospitals abroad even for general checkups and minor treatment, incurring millions in costs to the state coffers..
Aug 27, 2016
POLITICS, SPECIAL
Women's representation in cabinet declining
Women's representation in cabinet declining
KATHMANDU, Aug 27: The new Constitution, which was promulgated last year, has provisioned under Article 38 that women shall have the right to proportional, inclusive participation as part of their fundamental rights.
Aug 27, 2016
SOCIETY
Road accidents mainly a man-made crisis
Road accidents mainly a man-made crisis
KATHMANDU, Aug 27: Road accidents are primarily a man-made crisis, with human error especially drivers' negligence accounting for over 80 percent of accidents, according to spokesperson for Nepal Police, DIG Madhav Prasad Joshi.
Aug 27, 2016