Department of Customs and its Indian counterpart Central Board of Excise and Customs (CBEC) signed an 18-point agreement to curb unauthorized trade and boost legal trade between the two countries. India is the largest trading partner of Nepal.
Showing posts with label Economic. Show all posts
Showing posts with label Economic. Show all posts
Thursday, May 1, 2014
The most preferred int’l degree at home
As thousands of students wind up their post-School Leaving Certificate (SLC) celebrations, they have started to focus on the bigger challenges that lie ahead: they need to select the right course and right college at the higher- secondary level. The pre-university options available for them are the Plus-Two courses under the Higher Secondary Education Board, the American International Baccalaureate and the A Levels. By around this time, the students and their parents become increasingly concerned about choosing the courses that best suit their career motives.
By:
Unknown
On 1:03 AM
Tuesday, April 29, 2014
Dealers slash cell phone price as competition grows
As the competition among mobile phone brands intensifies, dealers of different mobile brands have been slashing the price of different models under their flagship.
By:
Unknown
On 12:48 PM
Economic growth rate highest in six years
The country’s economic growth is projected to grow by over 5 percent in the fiscal year 2013/14, the highest after six years citing rise in agriculture production due to favourable monsoon.
The Central Bureau of Statistics (CBS) on Monday estimated that the country’s economic growth rate will stand at 5.15 percent in the current fiscal year. This is the highest since fiscal year 2007/08.
Meanwhile, the World Bank and Asian Development Bank have estimated the economic growth rate at 4.5 percent.
The Central Bureau of Statistics (CBS) on Monday estimated that the country’s economic growth rate will stand at 5.15 percent in the current fiscal year. This is the highest since fiscal year 2007/08.
Meanwhile, the World Bank and Asian Development Bank have estimated the economic growth rate at 4.5 percent.
By:
Unknown
On 12:31 PM
Police arrest 21 NOC staff for attempting to hide 17,000 litres of petrol
Police have detained 21 staff of Nepal Oil Corporation (NOC), when they were attempting to steal and conceal 17,000 litres of petrol exported from India in Rupandehi on Tuesday.
By:
Unknown
On 12:21 PM
Monday, April 28, 2014
Hawkers picket KMC office
Street vendors picketed the Office of the Kathmandu Metropolitan City (KMC) calling for ensuring designated area for the self-employed entrepreneurs (street vendors) while constructing and expanding new roads in the city.
By:
Unknown
On 12:25 PM
Saturday, April 26, 2014
100k visit ICT electronics exhibition in two days
Around 100,000 visitors have seen ICT Electronics and Branding Expo 2014 in the two days since it opened on Thursday at Exhibition Hall, Bhrikuti Mandap. The organiser, the Information Communication and Technology (ICT) Association of Nepal, said that most of the attendees were SLC-appeared students.
By:
Unknown
On 6:26 PM
Chinese-made MA60 to land tomorrow
Chinese-made MA60 aircraft is scheduled to land at Tribhuvan International Airport at 12:10 pm on Sunday, a day behind schedule.
The arrival of the first of the two 56-seater turboprop-powered airliner Modern Ark 60 means the national flag carrier will have a new plane for its domestic fleet after 28 years. “Due to documentation process, the delivery was pushed back by a day,” said Ram Hari Sharma, spokesperson for NAC.
The arrival of the first of the two 56-seater turboprop-powered airliner Modern Ark 60 means the national flag carrier will have a new plane for its domestic fleet after 28 years. “Due to documentation process, the delivery was pushed back by a day,” said Ram Hari Sharma, spokesperson for NAC.
By:
Unknown
On 6:25 PM
NTB misusing resources by amending Financial Bylaws
The Nepal Tourism Board (NTB), which has been entrusted with the task of promoting the country’s tourism in the national and international arenas, has been found to be misusing resources by amending its Financial Bylaws.
By:
Unknown
On 6:23 PM
Cabinet okays Rs 2.5b in bailout money to NOC
A Cabinet meeting on Friday okayed bailout funds amounting to Rs 2.5 billion to help Nepal Oil Corporation (NOC) pay its import bills and ease the fuel crisis that has continued for more than two weeks.
By:
Unknown
On 6:22 PM
IMF projects Nepal’s growth rate to touch 4.5%
The International Monetary Fund has projected Nepal’s growth rate to pick up from 3.5 per cent in 2012-2013 to 4.5 per cent in 2013-14, attributing it to the recovery in agriculture, strong services, and rising public spending underpinned by timely budget approval.
By:
Unknown
On 6:17 PM
Friday, April 25, 2014
Proposed Industrial Act includes micro-enterprises
The government has been stepping up efforts to introduce an Industrial Enterprise Act (IEA) which has for the first time included micro-enterprises among the types of enterprises and contains provisions to promote them.
By:
Unknown
On 6:05 PM
Govt to provide Rs 2.5 billion to NOC
The government has decided to provide loan assistance of Rs 2.5 billion to Nepal Oil Corporation (NOC) in order to ease the supply of petroleum products.
By:
Unknown
On 5:56 PM
Thursday, April 24, 2014
Sajha Yatayat earns over Rs 40 million in first year
The Sajha Yatayat has made an income of more than Rs. 40 million from sales of tickets in 2070 BS after resumption of services after a long interval.
By:
Unknown
On 11:21 AM
Wednesday, April 23, 2014
Investment Board meeting ends inconclusively
The meeting of Investment Board Nepal (IBN) ended inconclusively on Wednesday, as officials of both IBN and the Ministry of Energy (MoE) staked claim to implement four mega hydropower projects and some transmission lines project.
By:
Unknown
On 1:17 PM
NOC pays Rs 5.82 billion to IOC
Nepal Oil Corporation (NOC) released Rs 5.82 billion to Indian Oil Corporation (IOC) over the past two days.
The amount was released to clear the petroleum import bill for the month of February, according to NOC officials.
The amount was released to clear the petroleum import bill for the month of February, according to NOC officials.
By:
Unknown
On 1:16 PM
World Bank, IMF voice concern
Global institutions including the World Bank and the International Monetary Fund (IMF) have expressed reservations at the recent directives of Nepal Rastra Bank (NRB) related to the spread rate and directed lending.
By:
Unknown
On 1:02 PM
Twenty travel agencies to boycott NTB programmes
Twenty travel trade organisations have decided not to get involved in any national and international programmes organised by the Nepal Tourism Board (NTB), accusing NTB officials of engaging in massive irregularities of funds collected from tourists.
By:
Unknown
On 1:00 PM
Revenue collection up by 120 percent to over Rs 97 billion
The revenue collection of the government has increased by 120 percent during the first nine months of the current fiscal year 2013/14 compared to the same period last fiscal year.
According to the Department of Inland Revenue, the revenue collection stood over Rs 97.55 billion during the review period while the target was Rs 95.91 billion.
According to the Department of Inland Revenue, the revenue collection stood over Rs 97.55 billion during the review period while the target was Rs 95.91 billion.
By:
Unknown
On 12:46 PM
Focus on politics has 'crowded out' focus on economic issues in Nepal: World Bank
World Bank (WB)’s country director for Nepal Johannes Zutt said the heavy focus on politics and political discourses in the country has “crowded out” the focus on its pressing economic issues, adding that this could be a factor that is holding Nepal back.
By:
Unknown
On 12:41 PM
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