Asian Development Outlook launched with projection of economic growth

Asian Development Outlook launched with projection of economic growth
Kathmandu, March 30: The Asian Development Bank (ADB) today released the Asian Development Outlook 2016, in which Nepal's economic growth in the coming Fiscal Year is projected to reach 4.8 per cent. The ADB in the Outlook states that the economic growth slowed down and was limited to three per cent due to the occurrence of the devastating earth...

Preparation underway to extend deadline for Melamchi tunnel construction

Preparation underway to extend deadline for Melamchi tunnel construction
Kathmandu, March 21: Preparations have been initiated to extend the deadline for the construction of much-awaited Melamchi Drinking Water Project, as it was unlikely to be completed as per schedule. An agreement was signed with an Italian contractor, CMC, to complete the tunnel construction by mid-October 2016. Project's Executive Director Ghanashy...

Do not close industries in name of movement: FNCCI president Murarka

Do not close industries in name of movement: FNCCI president Murarka
Janakpurdham, March 19: President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Pashupati Murarka has called for ending the trend of targeting the industrialists and business community in the name of agitation movement. Addressing the 49th annual general meeting of the Janakpur Chamber of Commerce and Industry here today,...

Agreement on fuel import with China will take place: Minister Pun

Agreement on fuel import with China will take place: Minister Pun
Kathmandu, March 18: Minister for Supplies, Ganesh Man Pun, today said an important base would be prepared during Prime Minister KP Sharma Oli's visit to China starting Sunday in regards a bilateral agreement for importing fuel products. During an interaction programme at the Reporters' Club, Minister Pun claimed the agreement on importing fuel fro...

Government bans Birat Petroleum to import, supply petroleum

Government bans Birat Petroleum to import, supply petroleum
The government has decided that no petroleum dealer except the state-owned Nepal Oil Corporation would now be allowed to import and supply petroleum products in the country. The meeting of the Council of Ministers took this decision on Thursday, said Minister for Information and Communications and Spokesperson of the government, Sherdhan Rai. Earli...

MPs want concrete deal on West Seti project during PM’s China visit

MPs want concrete deal on West Seti project during PM’s China visit
Kathmandu, March 14: Lawmakers from the Farwestern region have suggested on reaching a concrete agreement on pushing the West Seti Hydroelectricity Project ahead during Prime Minister KP Sharma Oli's upcoming visit to China. Although a memorandum of understanding has been reached between the Investment Board Nepal and a subsidiary of the Chinese in...