Nepse clamps circuit breaker after trading falls unexpectedly

Nepse clamps circuit breaker after trading falls unexpectedly
Kathmandu, Nov 28: Nepal Stock Exchange (Nepse) today clamped circuit breaker after the Nepse Index witnessed a fall of more than three per cent in the first 40 minutes of the trading. The benchmark index, which opened at 1,468, plunged by 52.76 to rest at 1,415, compelled Nepse to halt the operation for today. The circuit breaker was clamped for ...

60 percent of tunnel digging of Ghalemdi Khola Hydel project completes

60 percent of tunnel digging of Ghalemdi Khola Hydel project completes
Babiyachaur (Myagdi), Nov 28: More than 60 percent of the construction of the tunnel of Ghalemdi Khola Hydropower Project at Narchyang-1 in Myagdi has been completed, said the project director Ananda Raj Pokhare. Of the total 1,685 meters long tunnel, 1,025 meters have been dug so far, Pokharel said, adding that the remaining task would be complete...

Construction of Upper Trishuli – III A hydropower project likely to resume soon

Construction of Upper Trishuli – III A hydropower project likely to resume soon
Kathmandu, Nov 25: The reconstruction of the upper Trishuli -III A hydropower project that has been halted since the Gorkha Earthquake last year is likely to take place soon. The 60-megawatt project had to be completed last year if the earthquake-triggered landslides had not damaged the project infrastructure and the roadway linking Simle, where th...

Hydropower Production Company registered, opening door for public investment

Hydropower Production Company registered, opening door for public investment
Kathmandu, Nov 21: The government has formally set up the Hydropower Production Company with the provision of allowing the Nepali citizens to investment in the hydropower projects. The Ministry of Energy registered the company at the Company Registrar's Office on Sunday. The company has been registered based on the 37-point plan of action that the ...

Absence of sub customs offices serves as dream vacation for smugglers

Absence of sub customs offices serves as dream vacation for smugglers
Ilam, Nov 20: The sub customs offices in Ilam that were displaced during the armed conflict are yet to be reinstated resulting in uncontrolled revenue leakages. The traders are using the advantage of the open border in absence of the sub customs offices as the situation has served as a dream vacation for the smugglers. The Memeng, Chyangthapu, C...

FNCCI urges government to manage Indian currency

FNCCI urges government to manage Indian currency
Kathmandu, Nov 14: The Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has urged the government to manage the Indian currencies of 500 and 1,000 denominations owned by Nepalis. A delegation of industrialists led by FNCCI Chairperson Bhawani Rana met Prime Minister Pushpa Kamal Dahal at his office in Singha Durbar on Monday and urg...

45 MW to be added to the central transmission line

45 MW to be added to the central transmission line
Kathmandu, Nov 12: The national grid is to get an additional 45 MW in the next 18 months. Of it, 25 MW is to be received from the Madi A hydropower project, which will start production from next month. Likewise, 6 MW will be added from the Daraundi project, according to Energy Secretary Anup Kumar Upadhyay. Similarly, 14.9 MW will be added from ...

NRB issues directive not to use Rs 500 and Rs 1000 Indian currency notes

NRB issues directive not to use Rs 500 and Rs 1000 Indian currency notes
Kathmandu, Nov 9: Nepal Rastra Bank (NRB) today issued directive to the concerned banks, financial institutions and money transfer companies not to use Indian Currency (IC) Rs 500 and Rs 1000 notes effective immediately. The NRB issued the directive after the announcement of the Indian Prime Minister Narendra Modi in his televised address to the na...

Government gives production permission to 19 hydel projects

Government gives production permission to 19 hydel projects
Kathmandu, Nov 8: The government has issued permission for production to different 19 hydroelectricity projects in the last seven months this year. The Electricity Development Department under the Ministry of Energy provided the permission to these projects with the combined production capacity of 848 Megawatts power, urging them to start the const...

Gold price surges by Rs 800

Gold price surges by Rs 800
Kathmandu, Nov 4: The hallmark gold price surged by Rs 800 per tola (11.66 grams) as compared to last week in the Nepali market. Nepal Gold and Silver Dealers Association Chairman, Mani Ratna Shakya, said the gold price hiked due to the increase in the price of the yellow metal in the international market. The gold which was transacted at 56,700...