Oldest rosin industry closed

Posted on 2009-06-23
NEPALGUNJ: Laxmi Rosin and Turpentine Industry (LRTI), the first rosin industry of Nepal, closed down on Sunday. The management had laid off about 250 labourers on Saturday. The industry ...< learn more >

Govt to reimburse banks this year

Posted on 2009-06-23
KATHMANDU: The government is planning to pay within this fiscal year all the money it owes to government-owned banks for getting them to write off loans adding up to Rs. 5.1 billion taken by...< learn more >

Robust tomato variety getting popular

Posted on 2009-06-23
KATHMANDU: Dr Kedar Budhathoki, a agricultural scientist, had never thought that his contact with Shrijana Upadhya, a research fellow from Himachal Agriculture University of India, would bri...< learn more >

Developing countries´ GDP to slow to 1.2 percent: World Bank

Posted on 2009-06-23
The World Bank on Monday estimated economic growth in developing countries of 1.2 percent this year, and said that without China and India, output would shrink 1.6 percent. Amid the worst gl...< learn more >

New training course for foreign-bound workers

Posted on 2009-06-22
KATHMANDU: In a bid to increase the quality of orientation courses for Nepali overseas workers, the government has prepared a new course of study incorporating different aspects of foreign e...< learn more >

Exporters lobby for hire-and-fire policy, tax holiday for five years

Posted on 2009-06-22
KATHMANDU: Five associations of manufacturers and exporters of country´s key exportable items have decided to jointly push the government to introduce hire-and-fire policy and tax holiday fo...< learn more >

16-month fiscal year for remote districts

Posted on 2009-06-22
KATHMANDU: The government has decided to let the development budget allocated to six remote districts be available for 16 months. The unspent portion of the development budget normally gets ...< learn more >

WB gives $89m to ease energy crisis

Posted on 2009-06-22
KATHMANDU: The World Bank (WB) has approved US$ 89.2 million to support the Nepal government´s energy crisis management action plan. The bank´s new support is basically an additi...< learn more >

Engage with US diplomatically: GAN

Posted on 2009-06-22
KATHMANDU: The Garment Association of Nepal (GAN) has asked Prime Minister Madhav Kumar Nepal to take diplomatic initiatives to get the bill on providing duty-free access to Nepali rea...< learn more >

Lower CRR by one percentage point: Banks

Posted on 2009-06-19
KATHMANDU: Nepal Bankers´ Association (NBA), an umbrella organization of commercial banks, has officially asked the central bank to lower the Cash Reserve Ratio (CRR) -- mandatory cash depos...< learn more >