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Sushil Bhatta appointed IBN CEO

KATHMANDU: Sushil Bhatta, a member of the National Planning Commission, has been appointed as the chief executive officer of Investment Board Nepal (IBN). The Cabinet meeting on Monday decided to appoint Bhatta to IBN’s top…

82 per cent physical progress achieved in NEA projects amid COVID-19 pandemic

Power utility was able to fully electrify 11 districts in last fiscal Kathmandu, August 3 Nepal Electricity Authority (NEA) was able to achieve 82.29 per cent physical progress in its projects related to power generation,…

Industries operating at only 60pc capacity

Kathmandu, August 3 Industries have been operating at low capacity following lack of demand of industrial products in the domestic market. Though the government eased the nationwide lockdown a month ago encouraging industries to resume…

Airlines seek permission to resume flights

Airline companies have to resubmit their proposal for slots if flight operations are halted for more than 60 days Kathmandu, August 3 The government’s decision to resume domestic and international flights from August 17 has…

1,184 passengers, 18 bodies repatriated

KATHMANDU, AUGUST 2 A total of seven repatriation flights were conducted today to evacuate Nepalis stranded in Gulf countries due to the COVID-19 pandemic. According to Tribhuvan International Airport (TIA), a total of 1,184 Nepalis…

Paddy plantation completed in country

KATHMANDU, AUGUST 2 Paddy plantation for this year has been completed across the country. According to the Department of Agriculture (DoA), paddy has been planted over 96 per cent of arable land across the country…

Manakamana Cable to pay 100pc salary of lockdown period

KATHMANDU, AUGUST 2 Manakamana Cable Car, which has been closed for four months due to the lockdown imposed to stem the spread of coronavirus, has said it will pay its employees their full salaries for…

NRB indirectly pressuring BFIs for merger

KATHMANDU, AUGUST 2 Though the government and Nepal Rastra Bank (NRB) have been saying that banks and financial institutions (BFIs) will not be compelled for merger and acquisition, the central bank is seen indirectly pressuring…

Bullion price continues to surge

KATHMANDU, AUGUST 1 Gold price set a new record every other day during the trading week between July 26 and 31. Due to the impact of COV- ID-19 on the global economy the bullion price…

Share market investors wait for Monetary Policy implementation

KATHMANDU, AUGUST 1 Initially, when Nepal Rastra Bank (NRB) launched the Monetary Policy for fiscal 2020-21 the country’s sole secondary market went on a bull run as the policy announced various packages to revive the…