KATHMANDU: The Alternative Energy Promotion Centre (AEPC) and Nepal Electricity Authority (NEA) have initiated the construction of a mini-grid connecting micro and small hydroelectricity projects unreached by the national transmission grid. The NEA Engineering Company…
KATHMANDU, OCTOBER 29 The Asian Development Bank (ADB)’s venture capital arm ADB Ventures has provided the Good Bricks System, a non-fired brickmaking solution in Nepal, a $125,000 (equivalent to Rs 14.7 million) grant to reduce…
Asian shares declined Thursday and US futures turned higher after the S&P 500 slid 3.5% overnight for its biggest drop since June. The selling in US markets followed broad declines in Europe, where the French…
TOKYO: The dollar held gains against a basket of major currencies on Thursday as escalating coronavirus cases in Europe stoked fears across markets that fresh lockdowns would further hit the already fragile economic recovery. The…
As the coronavirus pandemic continues to hammer the world economy, lower income countries like Nepal are in a quandary about whether to allow all business activities to resume while risking a spread of the infection…
KATHMANDU, OCTOBER 21 The government has decided to provide subsidies to the cooperatives that buy paddy from farmers. A Cabinet meeting held on Monday decided to provide subsidy worth of Rs 112 per quintal to…
NEW YORK: Banks and aid agencies have been warning of a pandemic-related plunge in the amount of money sent by migrants to family back home who rely on the income. In a typical year, more…
KATHMANDU: Upendra Prasad Poudyal, the newly appointed chairman of Nabil Bank, took the oath of secrecy on Wednesday with Governor of Nepal Rastra Bank, Maha Prasad Adhikari. The ceremony was carried out virtually on digital…
KATHMANDU, OCTOBER 21 While the adverse impact of coronavirus has been witnessed on various sectors of the economy, it was more pronounced on external trade and credit expansion of banks and financial institutions (BFIs) in…
KATHMANDU: The macroeconomic update unveiled by the Nepal Rastra Bank on Wednesday showed that the consumer price inflation (CPI) in the country accelerated to 4.52 per cent in the second month of this fiscal year…
