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Pizza Hut & KFC arrive in Nepal |
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KATHMANDU, November 23:Devyani International, under the umbrella of Ravi Kant Jaipuria’s RJ Corp, here today announced the arrival of Pizza Hut & KFC restaurants here, marking the first multinational chain of restaurants coming to Nepal.
RJ Corp is the biggest bottler of Pepsi brands in India and Nepal and also largest franchisee for YUM brands in India namely, Pizza Hut and KFC. Devyani International along with YUM Brands, the world’s largest restaurant company with five dynamic global brands and 35,000 outlets across 105 countries, is excited to make the ..
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Finance Minister
Dr. Ram Sharan Mahat presents Rs 169.88b Annual Budget |
Agriculture and Rural Infrastructure: Foundation of the Economy
For the purpose of conducting research on sugarcane farming,
working as resource centre for enhancing capacity of the sugar
factories and coordinating the sugarcane farmers and factories, a
Sugarcane and Sugar Board will be established with the
representation from among sugarcane producers and sugar factory
owners. .. more»
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Minister Dr. Ram Sharan Mahat presenting the budget estimate of 2007/08 |
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Govt promises ´half-hearted´ reforms
KATHMANDU: Finance Minister Surendra Pandey´s budget for 2009/10 featured numerous programs to enhance public service delivery. Still, it was weak in terms of giving impetus to reforms long pushed on the sideline.
So much so, reforms commitment expressed in policies and programs such as petroleum sector liberalization did not feature in the budget.
“Reforms initiated in two large public bank .. more>> |
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Hydropower gets huge budget boost
KATHMANDU: The government has decided to formulate programmes to develop 25,000 MW in the next two decades. The previous government led by UCPN (Maoist) had projected development of 10,000 MW in the next ten years.
The allocated budget for hydropower is Rs. 14 billion 690 million for this fiscal year. This marks a 131 percent rise compared to the revised estimates of the previous fiscal year.
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Govt waives FM, TV license renewal fee
KATHMANDU: The government has decided to continue with the decision of the previous government to waive license renewal fees for television channels and FM radio stations operating across the country, according to Minister for Information and Communications Shankar Pokhrel. A Cabinet meeting -- which also passed the new annual budget tabled by the finance minister before the special Parliamentary .. more>> |
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NRB warns wayward banks of action
Pokhara: Governor of Nepal Rastra Bank (NRB) Dipendra Bahadur Chhetri said the central bank will punish financial institutions flouting its directions.
The NRB has initiated action and inspection against financial institutions disobeying financial discipline, he said talking to journalists in Pokhara this morning.
"We took action against the Nepal Development Bank for refusing to comply with .. more>> |
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Budget for sports up
KATHMANDU: The Ministry of Finance has allocated a budget of Rs 273.2 million for the sports sector for the coming fiscal. Finance Minister Surendra Pandey made this announcement during the budget speech in the parliament on Monday. This is an increment by 32.94 per cent from the current fiscal´s budget.
Of the budget allocated for sports, Rs 223 million will be spent on regular expenditures an .. more>> |
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Hoarding fuels shortage of cigarette, beer
KATHMANDU: The local market has started experiencing shortages of some of brands of cigarettes and alcoholic beverages, as the government is preparing to announce the budget for the upcoming fiscal year.
A snap survey conducted by myrepublica.com found that Surya ´hard´ brand of cigarettes and Tuborg beer are not being released to the retail market in sufficient amounts, giving leeway for some .. more>> |
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Govt mulls branding hand-knotted carpets
KATHMANDU: After successful international trade mark registration for pashmina, the governing is mulling over branding the Nepali hand-knotted woolen carpet to assure buyers of quality and strengthen the product image in the international market.
The step is being pushed as international buyers have recommended quality accreditation and labeling for this premium Nepali export. It also comes as .. more>> |
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NRB fails to meet IC demands
JANAKPUR: The Indian Currency (IC) here costs more than the exchange rate due to short supply of IC.
People of bordering villages and Janakpur are in want of more IC notes as they need to go to the nearby Indian cities to purchase daily consumer goods. People have had to pay more for IC as Nepal Rastra Bank has failed to provide enough Indian notes.
The NRB has fixed commission at 40 paisa f .. more>> |
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