tag:blogger.com,1999:blog-91537206774460609402012-01-28T06:00:09.982+05:45Business and Economytowards the prosperous NepalKuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.comBlogger19041100tag:blogger.com,1999:blog-9153720677446060940.post-28054754274605196262012-01-18T23:58:00.002+05:452012-01-26T16:29:01.288+05:45Plan to attract Rs 500 billion worth investmentsThe government is planning to attract some Rs 500 billion worth investments under the ambitious Nepal Investment Year 2012-13 campaign."We are preparing a detail study of 50 mega projects," Investment Board chief executive Radhesh Pant, said here today.The Board — that looks after only mega projects of above Rs 10 billion — has been actively working out on policy reforms and harmonisation, and Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-9505955998293378162012-01-18T23:55:00.002+05:452012-01-26T16:25:52.842+05:45World Bank projects 3.6 per cent growthThe economy will expand by 3.6 per cent in the current fiscal year, says the World Bank in the newly-released Global Economic Prospects 2012.Though, the government has projected a growth rate of five per cent for the current fiscasl year, the report has reduced the growth forecast due to slower growth in the whole South Asian region.In the last fiscal year, the country had witnessed a growth of Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-45753023242861128772012-01-17T23:48:00.002+05:452012-01-24T16:50:54.208+05:45India agrees to simplify procedures at Kolkata PortIndia agreed to redesign and simplify customs declaration form at Kolkata port and introduce internationally accepted online system (automation) that is expected to help Nepali traders clear customs procedure without much delay and ultimately reduce their time and cost for third country trade via Kolkata port.In a joint secretary level meeting held in Kolkata between Nepali and Indian customs Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-3025728431862122442012-01-16T23:20:00.000+05:452012-01-23T22:05:32.839+05:45BIMSTEC ministerial meeting endorses Poverty Plan of ActionThe second Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation (BIMSTEC) ministerial meeting on poverty alleviation today endorsed the regional Poverty Plan of Action (PPA) through the Kathmandu Statement.They also pledged to incorporate the PPA in their respective plan and programme in fighting against poverty and and achieve Millennium Development Goals (MDGs) within Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-55494823923375491892012-01-16T23:00:00.000+05:452012-01-24T16:43:56.876+05:45SAFTA group of experts to meet in KathmanduThe Eighth Meeting of group of experts on SAARC Agreement on Trade in Service is beginning from tomorrow in Kathmandu.Nepal is planning to offer them to invest in some service sectors that are included in the Nepal Trade Integrated Strategy (NTIS).NTIS has highlighted 19 priority export potentials for Nepal including 12 goods and seven service sectors; tourism, labour, health, education, IT and Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-38384902652865123112012-01-16T22:05:00.000+05:452012-01-23T22:02:07.106+05:45World broadband lines grow by 17.4 millionThe number of broadband lines worldwide grew by 17.4 million in the third quarter of 2011 to a total 581.3 million, according to latest figures from Point Topic for the Broadband Forum.It is the highest quarterly additions since early 2009 and represents annual growth of 12.9 per cent in the total base. DSL remained the dominant access technology with 61.5 per cent of all lines, after adding moreKuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-76223179116468808152012-01-16T21:57:00.000+05:452012-01-23T22:00:23.984+05:45Cushion impact of global economic crisisThe International Monetary Fund (IMF) is looking to work ever more closely with Asia to lessen the impact of the global crisis on the region and to help promote sounder and stronger growth globally, IMF first deputy managing director David Lipton said today.In his first major speech since his appointment late last year to the IMF management position, Lipton told participants at Asian Financial Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-40092343080603784562012-01-16T20:44:00.000+05:452012-01-24T16:45:58.601+05:45Central bank directs to lend energy, agro projectsThe central bank has spelt out the sectors that will be prioritised under energy heading in order to direct more lending to the sector.The central bank has revised the category and added energy, hydroelectricity and renewable energies sub categories under the energy heading. Earlier, the loans to energy generation was categorised as electricity and gas or gas pipelines only.The recategorisation Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-23733310957382838992012-01-16T16:46:00.001+05:452012-01-24T16:47:59.442+05:45Bad weather forces international flights to divert, delayPoor visibility due to dense fog in the Kathmandu Valley diverted some and delayed other flight operations at the Tribhuvan International Airport today.According to Terminal Departure Office at the only international airport, bad weather since morning today created problem for the international flights and the overall flight operations as a flight of Oman has to be diverted to Lucknow whereas a Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-55889723419441808362012-01-15T22:54:00.000+05:452012-01-23T21:56:03.518+05:45Bangladesh to open new rail link to NepalBangladesh has decided to open Chilahati-Haldibari rail link by this year end for easier connectivity with Nepal and Bhutan.The route is likely to be the fifth route agreed upon as transit points between these two neighbouring countries.According to a Indian Railway Board official, Jogbani station in India is located only 40-km away from Haldibari and about 52-km away from Bangladesh's Chilahati.Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-76986155154950438502012-01-14T21:50:00.002+05:452012-01-23T21:53:49.241+05:45President inaugurates Visit Lumbini Year 2012President Dr Ram Baran Yadav inaugurated the Visit Lumbini Year 2012 formally from today.“I declare 2012 as the Visit Lumbini Year and the end of the Nepal Tourism Year 2011,” said the President lighting a peace torch.More 5,000 people, diplomats, government officials and stakeholders were present at the official inauguration of the Visit Lumbini Year 2012 that aims at attracting one million Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-62678798673222500702012-01-13T23:41:00.001+05:452012-01-20T16:43:51.116+05:45BIMSTEC ministerial meeting to approve Poverty Plan of ActionThe country is ready to host seven-member Bay of Bengal Initiative for Multi-Sectoral and Economic Cooperation (BIMSTEC) second ministerial meeting on Poverty Alleviation on Monday."The meeting will discuss on Poverty Plan of Action (PPA) draft and finalise the strategy to fight against poverty regionally," said vice chairman of National Planning Commission (NPC) Deependra Bahadur Kshetry, who Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-652636247528689572012-01-13T21:38:00.001+05:452012-01-20T16:40:15.383+05:45FDI must to develop hydel projects: FNCCI chiefPresident of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Suraj Vaidya stressed on foreign investment for the large scale hydropower projects in the country."To be self-reliant in power, the country has to lure foreign investment for the construction and operation of big hydropower projects," he said at a programme in Chitawan's Narayangadh.Stating that industries and Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-31137909009749468242012-01-12T23:58:00.000+05:452012-01-20T16:41:22.538+05:45Marginal improvement in economic freedomAt a time, when the country is preparing to observe Nepal Investment Year to woo foreign investors, a report showed that the country has witnessed a marginal improvement in economic freedom and ranked as the 147th freest in the 2012 Index.Nepal's economic freedom score is 50.2 — an improvement by 0.1 — from last year, with an improvement in investment freedom offset by deterioration in business Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-36156594301792902332012-01-12T22:36:00.001+05:452012-01-20T16:37:46.664+05:45Mauritius eighth freest countryMauritius’s ranked eighth in the economic freedom by scoring 77 in the 2012 Index and became the first Sub-Saharan country to rank among the top 10, out of the 179 economies in the world."Its overall score is 0.8 point higher than last year, with improvements in property rights, monetary freedom, and the management of government spending," according to the 18th annual Index of Economic Freedom, Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-30700396468009489282012-01-12T20:29:00.001+05:452012-01-19T17:30:39.671+05:45Global PC shipments fallWorldwide PC shipments totaled 92.7 million in the fourth quarter of 2011, down by 0.2 per cent from a year earlier due to shortages in hard disc drives, the weak economic climate and competition from other devices such as tablets, according to the International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-55044823988244951562012-01-11T23:56:00.002+05:452012-01-19T17:28:55.236+05:45BEL receives IRs 6.63 billion for hydel project joint ventureBhilwara Energy Ltd (BEL) — the flagship entity of LNJ Bhilwara Group in Indian power sector business — announced that its 120 MW Likhu IV Hydro Electric Project has received thumbs up from a consortium of Indian and Nepali banks that have pledged IRs 6.63 billion.IDBI Bank Ltd is the lead bank with other — Oriental Bank of Commerce, Punjab and Sind Bank, Exim Bank, PTC Financial Services and Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-35244024421148430512012-01-11T23:23:00.000+05:452012-01-19T17:25:52.214+05:45Banks and finance companies can continue interest earning accountsThe central bank today extended the timeframe for six months for the development banks and finance companies to continue their interest earning accounts in others banks and financial institutions after the class B and C financial institutions repeated requested to let them maintain the account for the time being.The development banks and finance companies can continue their interest-earning Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-24551286089617081682012-01-10T23:30:00.004+05:452012-01-16T22:16:23.947+05:45Over leverage on land hurts housing sectorShortsightedness of banks and financial institutions fuelling over leverage for short term gain on land, coupled with government's faulty policy on housing sector and land management led housing sector from bad to worse.According to the bankers, the current problem in housing sector is due to over leveraging on land as earlier housing and realty — especially on land buying and selling — were Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-19328586370034572452012-01-10T22:08:00.000+05:452012-01-16T22:10:24.806+05:45Government plans to propel economic growthThe economic advisory council of the Prime Minister today discussed on how to propel economic growth despite current constraints like power shortage and poor infrastructure.The council discussed on some of the sectors that could help economy grow, if they are incentivised, according to the Prime Minister's economic advisor and former finance secretary Rameshwor Prasad Khanal.They discussed on howKuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-78078864508646910042012-01-10T22:00:00.001+05:452012-01-19T17:22:51.460+05:45Central bank declares Nepal Share Market and Finance a troubled financial institutionNepal Rastra Bank (NRB) has declared Nepal Share Market and Finance(NSMF) a 'troubled financial institution' after it failed to follow the central bank’s directives.The central bank imposing prompt corrective action in May has also asked the class C financial institution to take corrective measures within the three months.It has restricted the finance company — yet another example of bad Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-54035692906582846042012-01-09T23:02:00.000+05:452012-01-16T22:04:21.203+05:45Nepal to host second BIMSTEC ministerial meeting on poverty alleviation next weekNepal is all set to host the second Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) ministerial meeting on poverty alleviation in the capital next week."Preparations for the meeting on January 15-16 have been finalised,” said officiating spokesperson for the Ministry of Foreign Affairs (MoFA) Tirtha Raj Wagle.Besides Nepal, Thailand, India, Bhutan, MyanmarKuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-59103347035672740612012-01-09T22:55:00.001+05:452012-01-16T22:01:01.292+05:45PATA appoints Ivy Chee as regional director for AsiaThe Pacific Asia Travel Association (PATA) has appointed Ivy Chee as PATA Regional Director-Asia, effective January 16.Chee, a Malaysian national, will be responsible for promoting PATA's progressive Next Gen range of membership benefits to travel and tourism industry companies and organisations, and engineering opportunities for the Association and its members in Asia (excluding Greater China).Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-68510587326820771112012-01-09T22:05:00.000+05:452012-01-16T22:07:47.907+05:45Government stares at revenue shortfallThe overall revenue mobilisation will fall short by at least Rs 3 billion to Rs 4 billion by the first half of the current fiscal year."If the ministry meets the revenue mobilisation growth by 20 per cent in the current month (mid-December to mid-January), it would be around Rs 3 billion shortfall," joint secretary at the Finance Ministry Shanta Raj Subedi said.The ministry is optimistic on Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-19460240887023552442012-01-08T23:54:00.002+05:452012-01-15T17:26:42.318+05:45Central bank gives breathing space to banks, realtorsCentral bank has finally relaxed the property base line for housing loan and extended time period for the banks and financial institutions to bring their exposure to the realty sector down by one-and-a-half year.The property base line for home loan has been raised to Rs 10 million — from Rs 8 million — and banks and financial institutions can now bring down their exposure to real estate loans Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-19949059638964747622012-01-05T23:55:00.002+05:452012-01-15T17:23:27.457+05:45Government plans to buy accommodations to civil servants to rescue housing sectorThe government is planning to purchase housing units and apartments for residential purpose of civil servants to help boost the confidence of ailing real estate sector.The High Level Financial Sector Coordination Committee meeting today decided to form a committee to conduct a comprehensive study on the plausibility of purchasing housing units and apartments with soft loans for civil servants, Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-38336525528124827512012-01-05T23:09:00.000+05:452012-01-15T17:11:10.099+05:45Foreign aid should make country independent: ExpertsExperts today claimed that foreign aid should make a country independent rather than dependent on donors."Aid effectiveness can be gauged by not only how transparent it is, rather it should be measured by how is it helping a country reduce dependency," said ActionAid country director Bimal Phuyal addressing at an launching of a book 'Changing Paradigm of Aid Effectiveness in Nepal' published by Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-91656823717916810592012-01-05T20:20:00.000+05:452012-01-15T17:23:03.360+05:45Accomplice in the biggest banking fraud heldThe Central Investigation Bureau (CIB) of Nepal Police on Thursday arrested former loan chief of Nepal Share Market and Finance Bita Tuladhar for working in collusion with her boss to help him embezzle Rs 2.54 billion, the biggest fraud in the banking history of Nepal.Tuladhar (46) of Kathmandu, who was at large in connection with the Banking Offence and Punishment Act- 2008, was arrested from Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-21777920742898776192012-01-04T23:57:00.000+05:452012-01-15T17:09:00.382+05:45Central bank relaxes inter-bank loan purchaseThe banks and financial institution can now buy loans of another bank or financial institution that have failed to pay back the loans taken under inter-bank lending as a measure to rake up the outstanding amount, according to the central bank."The bank that has lent against the defaulted loan can purchase the loans at not less than double the outstanding amount that the borrowing bank need to payKuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-50487333948876067362012-01-04T23:05:00.000+05:452012-01-15T17:06:50.566+05:45Bangladesh wants Nepal use Mongla, Chittagong portsBangladeshi Foreign Minister Dipu Moni has said her country is keen to see Nepal using Mongla and Chittagong ports of Bangladesh for trade.While meeting with newly appointed ambassador of Nepal to Bangladesh Hari Kumar Shrestha on Tuesday, Moni also mentioned Dhaka’s interest to import 1,000 MW electricity from the Saptakosi high dam project to meet her country’s ever increasing demand for Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-63752063323513874092012-01-03T23:57:00.001+05:452012-01-11T16:59:48.751+05:45BB Airways gets ministry's green signal to start international flights to seven destinationsThough the national flag carrier has been on a death bed, the country is having a new domestic airlines that will start international flight from September.Bhagwan Buddha (BB) Airways today got the operating licence from the ministerial decision to start international flights on seven destinations New Delhi, Bangkok, Kuala Lumpur, Hong Kong, Tokyo, Doha-Qatar and Singapore."The airlines is Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-34707728742011214952012-01-03T23:53:00.001+05:452012-01-15T17:05:06.414+05:45NOC to ask IOC for tax reductionNepal Oil Corporation (NOC) during the talks with its sole petroleumproducts’ supplier Indian Oil Corporation (IOC) planned the end of this month is focusing on reducing unwarranted tax burden on import.During the talks for revision of agreement between NOC and IOC, we will focus on reduction of tax burden, said commerce and supplies secretary Purushottam Ojha. “Price Adjustment Factor between Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-23511206258070418112012-01-02T23:59:00.001+05:452012-01-11T16:56:46.009+05:45NCHL, CIAA discuss electronic cheque clearing controversyThe government’s anti graft body, deputy governors of the central bank and Nepal Clearing House Ltd (NCHL) officials today held discussion on the alleged 'corruption' in the software purchasing for the electronic cheque clearing system.After a complaint, the Commission for the Investigation of Abuse of Authority (CIAA) on Thursday has halted the operation of NCHL that has just started its Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-58451049889827262442012-01-02T23:52:00.000+05:452012-01-11T16:54:05.262+05:45Investment Board starts preparations for Nepal Investment YearA meeting of the Investment Board steering committee today officially decided to announce the fiscal year 2012-13 as Nepal Investment Year.The meeting chaired by the Prime Minister Dr Baburam Bhattarai also formed various sub committees and planned to bring uniformity in the regulations in the remaining months before the fiscal year 2012-13 starts on July 16.Last week, the Investment Board has Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-5504857371612318892012-01-02T22:51:00.001+05:452012-01-11T16:52:23.875+05:45Cabinet continues incentives for tourism promotionEncouraged by increasing Meetings, Incentives, Conventions and Exhibitions (MICE) tourism in the country, the government has decided to continue incentives to the tourism entrepreneurs.The cabinet on Monday decided to provide cash incentives of Rs 500,000 to tourism entrepreneur or agency, which brings more than 100 tourists by air for a conference, meeting, conventions or exhibitions.The then Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-43714790635355855082012-01-02T22:49:00.001+05:452012-01-11T16:50:42.072+05:45China sets new internet competition regulationsChina's Ministry of Industry and Information Technology has released new regulations covering competitive practices in the internet industry, saying they will help protect the rights of both companies and users.The new rules bar companies from infringing on the 'legal rights and interests' of other online service providers, such as by 'maliciously' interfering with services from other companies Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-3058270674142621712012-01-01T22:59:00.001+05:452012-01-08T16:07:56.783+05:45Nepal Tourism Year wraps up with a record annual visitor arrivalsThe year 2011 concluded with a record annual visitors by air, though the total arrivals will fall short of above 200,000 to meet target of hosting one million visitors under the national campaign Nepal Tourism Year 2011 (NTY 2011).From January to December, the country saw some 544,985 arrivals by air, only 96,216 more than a year ago. Last year, some 448,769 visitors arrived by air and 154,067 Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-38978105519917695622012-01-01T22:49:00.001+05:452012-01-10T17:10:11.718+05:45Prince Harry 'to climb Mt Everest' Prince Harry — the third-in-line to the British throne — is all set to realise his long-held ambition of conquering Mt Everest this year, according to reports.The 27-year-old Prince had dropped a broad hint about scaling the world's highest mountain in May this year at the end of his trek to the North Pole last year to raise money for 'Walking With the Wounded', a charity for wounded soldiers. Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-633360919082226012012-01-01T21:52:00.001+05:452012-01-10T16:58:02.929+05:45Trade deficit Trade deficit increases by four timesRemittance inflow posts Rs 103.20 billion, BoP surplus at Rs 46.31 billionThe country witnessed over four times increase in trade deficit in the four months of current fiscal year.From Rs 26.62 billion deficit in the first month, the trade deficit has gone up to Rs 111.80 billion during the four months, according to the central bank.Merchandise exports rose by 10.7 per cent to Rs 23.69 billion, Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-53909148079058933732012-01-01T20:58:00.000+05:452012-01-10T17:02:51.413+05:45Real estate loans still vulnerable: NRB studyFollowing the volatile situation in the real estate, the loans floated to realty have remained static at Rs 139 billion in the recent months.At the beginning of the fiscal year, the real estate loans including personal home loans up to Rs 8 million stood at Rs 139.8 billion that has gone down to Rs 139 billion by the four months into the fiscal year.In the four months, the lent amount showed Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-43761108675731248422011-12-31T23:59:00.005+05:452012-01-08T16:04:40.417+05:45Economic indicators fail countryThe year that started with the contraction in the economy due to liquidity crunch ended with liquidity surplus resulting mainly from low borrowing capacity of private sector that is certain to contract the economy further.The low credit demand from the private sector will pull economic growth down, though the year witnessed a good harvest, one of the key propellers of the economic growth.Apart Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-91715408623115623542011-12-29T22:48:00.000+05:452012-01-05T22:50:21.609+05:45Former bankers arrested for misappropriating Rs 600 millionThe Central Investigation Bureau (CIB) of Nepal Police on Thursday arrested two former bankers for misappropriating tens of millions of rupees deposited by the clients of the banks they worked for.The bank fraudsters slipping into the CIB net are Shivaram Joshi (53) of Kathmandu and Shambhu Bahadur KC (53) of Kabhre, respectively. They were arrested from their separate hide-outs in the Capital Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-87465742770726807152011-12-29T22:46:00.001+05:452012-01-05T22:48:17.610+05:45Investment Board gets full shapeA meeting of the Investment Board (IB) held today decided to nominate more members in the Board.The meeting held at the Prime Minister´s Office decided to nominate entrepeuners and FNCCI vice president Bhawani Rana, former president Kush Kumar Joshi, Basanta Chaudhary and Krishna Acharya in the board representing private sector.The meeting also appointed bankers Anil Shah and Chandra Dhakal as Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-79785064921748082482011-12-27T22:50:00.000+05:452012-01-05T22:52:21.096+05:45Microfinance institutions get registered on MIX MarketThe joint UNCDF-UNDP project ‘Nepal Rastra Bank-Enhancing Access to Financial Services (NRB-EAFS) project has recently registered and uploaded information of all its partner microfinance institutions on MIX Market.The major aim of the NRB-EASF project is to strengthen the capacity of microfinance institutions and enable them to reach 300,000 unbanked individuals. The project’s total budget is Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-34151284511629588502011-12-25T22:53:00.001+05:452012-01-05T22:54:37.126+05:45Hotel Vaishali reopens after two weeksHotel Vaishali resumed its operation after two weeks days as management-workers disputes came to end with mutual agreement.After the agreement, hotel management finally resumed its operation today. “We are pleased with the decision that reopen hotel after 20 days of closure,” said managing director of the hotel, Bishal Kumar. Workers who wanted to rejoin the work starts their service immediately Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-7181825060915153502011-12-23T22:41:00.000+05:452012-01-04T15:43:40.814+05:45Nepal contracts Airbus Quovadis for RNP-AR navigation systemThe Civil Aviation Authority of Nepal (CAAN) is to deploy the satellite-based Required Navigation Performance-Authorisation Required (RNP–AR) for air safety from February.“We are working on the legal aspect and developing regulations for the implementation of RNP-AR at the Tribhuvan International Airport (TIA),” said deputy director general of the authority Dinesh Shrestha.The authority has set Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-80168638104488795302011-12-22T23:52:00.000+05:452012-01-04T15:36:02.210+05:45Finance Minister paints rosy picture of economyFinance Minister Barsha Man Pun, though, painted a rosy picture of the economy, though people have not got any respite from price hike; electricity tariff is increasing from January 15 and petroleum products prices are rising in a couple of days, making a deep hole in their pocket.Neither the government has been able to create employment, nor has it been able to spend on development activities, Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-23622436035545132732011-12-22T23:36:00.002+05:452012-01-04T15:38:34.677+05:45NRB relaxes institutional promoters shares’ ceilingThe institutional savers can now own large promoter stakes of more than one financial institution, the move that is expected to boost the share market.The central bank has lifted the provision barring institutional savers from investing up to 15 per cent of paid up capital in more than one financial institutions and paved the way for Employees Provident Fund (EPF), Citizen Investment Trust (CIT) Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-45623265010977111002011-12-22T22:31:00.000+05:452012-01-04T15:32:25.102+05:45EU gives additional support to 36 countriesThe European Commission announced additional funding for projects targeting the most off-track Millennium Development Goals (MDGs) in 36 African, Caribbean and Pacific countries. The additional funding will focus on reducing hunger and child mortality and securing better maternal health and drinking water and sanitation facilities.With today’s decision the EU is delivering on its one billion Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-85249261407473329742011-12-22T21:38:00.000+05:452012-01-04T15:40:35.323+05:45Government plans to rescue housing sectorThe Finance Ministry has pointed out the price adjustment as a way out for the housing developers from the current dumps.Talking to the media at his office today, finance minister Barsha Man Pun said that the government is planning to bring a rescue package to the housing, if the developers are ready to lower the price down."The price should come down and the government will think of helping themKuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-22026130694912539812011-12-21T23:50:00.002+05:452012-01-03T14:58:59.757+05:45Metamorphosis of a Maoist ideologue Three years ago, when he was finance minister in the Puspa Kamal Dahal 'Prachanda'-led government, he used to think share market as a gamble, though his own comrades have already invested in the market heavily taking advantage of open market economy.But after three years, Dr Baburam Bhattarai as the fourth Prime Minister after the country is declared republic, has taken a 180 degree turn in his Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-43005707778604384892011-12-19T14:47:00.001+05:452012-01-03T14:49:02.607+05:45Saudi prince invests $300m in TwitterSaudi Prince Alwaleed bin Talal and his investment company agreed to buy a $300 million stake in Twitter.The agreement to acquire a 'strategic stake' in Twitter followed 'several months of negotiations', Kingdom Holding said in a statement to the Saudi bourse reported by Bloomberg.Alwaleed bin Talal visited Nepal last year and was planning to invest in Nepal too.The company is controlled by Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-4651014078435622682011-12-18T23:53:00.000+05:452012-01-01T14:56:13.152+05:45Country to lose billions due to bandhThe country is going to lose another couple of billions due to bandh.A day of bandh costs the country Rs 1.98 billion, according to the figures of Livable Nepal, a campaign that advocates for economic freedom. "Even an hour of bandh will cost the country around Rs 83 million."The criminalisation of politics and politicisation of criminal activities have cost the country dearly in the last one Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-14923191562854006112011-12-18T22:50:00.000+05:452012-01-01T14:52:50.694+05:45Hotel Vaishali closes, finallyDue to continuous disturbance of workers’ union in the Hotel Vaishali, the management finally has decided to close the hotel but it has not yet notified Department of Industry.However, Hotel Association Nepal (HAN) releasing a press statement has supported the management's decision to close the hotel. The trade union at the hotel started its protest programme over salary adjustment since the Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-77909529571039270872011-12-17T22:47:00.001+05:452012-01-01T14:50:18.468+05:45IMM lures foreign, domestic tourists alikeInternational Mountain Museum (IMM) has become one of the most popular destinations for the tourists and locals in the lake city of Pokhara."Since its establishment eight years ago, the museum has seen about 667,019 visitors, including domestic and foreigners," the chief of International Mountain Museum Bal Prasad Rai said, adding that the museum has also been able to generate revenue of Rs 43.5 Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-15365038967069576722011-12-16T23:54:00.001+05:452011-12-22T21:56:16.797+05:45Accessibility to energy helps reduce povertyNawalparasi village gets first Wind-Solar hybrid renewal energy project in Asia Improving energy accessibility helps reducing poverty, according to the experts."The pilot project that has been operational in Nepal from today will be replicated in five other countries," said director general of the Asian Development Bank (ADB) Sultan Hafeez Rahman, during the wind-solar hybrid power inauguration Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-14166023999788114142011-12-16T22:52:00.000+05:452011-12-22T21:53:37.142+05:45EU provides Rs 400.8m to promote agriculture, nutritionThe European Union (EU) funded 'Agriculture and Nutrition Extension (ANE) project launched on Friday aims at improving the food security and nutrition of 20,000 households identified as the poorest and vulnerable in Nawalparasi, Rupandehi, Rukum and Surkhet districts of Nepal including 40,000 additional households in the Barisal district of Bangladesh.International Development Enterprises Nepal (Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-66070636190938995052011-12-16T21:50:00.000+05:452011-12-22T21:51:31.206+05:45Nepal selected for MCC programmeThe Millennium Challenge Corporation (MCC) in Washington DC, yesterday announced that Nepal has been selected as eligible to develop a Threshold Programme due to recent landmark agreements on the Comprehensive Peace Accord.“We welcome the MCC’s decision, which recognises the progress that Nepal has made to advance peace and increase prosperity for its people. We look forward to Nepal’s leadershipKuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-53284621969098297112011-12-15T23:59:00.002+05:452011-12-21T22:40:30.390+05:45Nepal lost between $5.92 billion and $6.04 billion in last one decadeNepal lost between $5.92 billion and $6.04 billion over the last one decade due to illicit financial outflows, according to a study by Global Financial Integrity (GFI) published today.Rather than the discrepancy in Balance of Payments (BoP) like unrecorded leakages, trade mispricing is the primary contributor to illicit financial outflows from Nepal. Between 2000 and 2009, approximately 82 per Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-44780144704087053152011-12-15T23:50:00.002+05:452011-12-20T22:52:52.287+05:45Corruption makes economy more expensive, less competitiveCorruption is making economy more expensive and less competitive, according to a former bureaucrat."Public procurement, public post 'auction', revenue cheating and policy level corruption hurt the economy making it expensive, whereas petty corruption and rent seeking mentality help create public perception about the corruption and government employee," said former finance secretary and economic Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-7088237867122999842011-12-14T23:50:00.000+05:452011-12-20T22:43:50.984+05:45Revenue mobilisation slows downThe government may fail to meet revenue mobilisation target for the current fiscal year, if the current rate of revenue mobilisation continues.The government has been able to mobilise Rs 60 billion revenue in the first four months of the current fiscal year, which is 17 per cent increment compared to the same period last fiscal year," according to the Finance Ministry that held the evaluation Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-47720774559214221342011-12-14T22:39:00.001+05:452011-12-20T22:41:38.408+05:45IMF concerned over low lending by banksThe visiting International Monetary Fund (IMF) team has suggested increasing lending as the banks have enough liquidity at present, control recurring expenses and increase capital expenditure, and improve revenue administration to meet the revenue target.During the meeting with the team in his office on Wednesday, finance minister Barsha Man Pun informed them that the government is encouraging Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-18207679898320851952011-12-14T21:44:00.003+05:452011-12-20T22:49:43.341+05:45Nepali garments to benefit from Indian duty waiverThe garment industry is likely to benefit with India’s decision to end levying of additional customs duty on 162 Nepali export items, including those belonging to textile and garment industry.In 2006, India had imposed an additional customs duty of four per cent on 331 Nepali items. Subsequently in 2008, the duty was waived off on 169 items. However, the duty continues to be levied on the Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-30098121433183320332011-12-13T23:59:00.001+05:452011-12-20T22:38:46.228+05:45Growth with employment is my dream: PM Dr BhattaraiThe country needs growth with employment, said Prime Minister Dr Baburam Bhattarai in an interaction with entrepreneurs at his official residence Baluwatar in Kathmandu today evening."My dream is to make Nepal a prosperous country," he said, asking the private sector to cooperate in making the country prosperous by achieving double digit growth, "which is not possible overnight."This country has Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-85626598499000502382011-12-13T23:55:00.000+05:452011-12-20T22:36:07.100+05:45Nepali rupee drops to another historic low versus dollarThe weakening Indian rupee has once again brought the Nepali rupees to historic low against strengthening US dollars.Today, exchange rate of Nepali rupee crossed Rs 85 for a dollar on an average as per exchange rate fixed by different commercial banks. Indian rupee with which Nepali currency is pegged had reached historic low today at Indian Currency 53.40 per dollar.However, the Indian foreign Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-23251704329226909642011-12-13T23:29:00.000+05:452011-12-20T22:31:55.563+05:45Bhatta to take part in WTO meetingMinister for Commerce and Supplies Lekh Raj Raj Bhatta has reached Geneva leading the Nepali delegation to take part in the eighth Ministerial Conference of the World Trade Organisation (WTO).The three-day Conference will kick off on Thursday.Ambassador and Permanent Representative of Nepal to the United Nations and Other International Organisations Dr Dinesh Bhattarai and other officials of the Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-55195195696748206602011-12-13T23:26:00.000+05:452011-12-20T22:29:49.621+05:45Amnesty International asks government to protect migrant workers from ‘false promises’Amnesty International (AI) has blamed some rogue recruitment agencies for trafficking Nepalis for exploitation and forced labour in the Gulf States and Malaysia.The report, 'False Promises: Exploitation and forced labour of Nepalese migrant workers' published here today by the Amnesty International, also called on the government to improve protection of its migrant workers.The migrant workers areKuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-27630591832684640682011-12-12T22:22:00.003+05:452011-12-20T22:26:03.724+05:45Electronic cheque clearing most likely from next weekThe much-hyped Electric Cheque Clearance (ECC) is going to start most likely from next Monday."We are planning to start operation of Electric Cheque Clearance (ECC) from coming Monday," said the chief executive of the Nepal Clearing House Ltd (NCHL) Nilesh Pradhan."We are ready with the required infrastructure and have also applied for the operation approval at the central bank," he said, adding Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-12271834382408031822011-12-10T23:17:00.002+05:452011-12-20T14:23:31.458+05:45NOC hikes price of diesel for industriesNepal Oil Corporation (NOC) has decided to provide petroleum products directly from its depots to industries and big consumers but at Rs 95 per litre.But the market price is Rs 76 per litre in Kathmandu valley.The NOC board meeting today decided to sell diesel in dual price also to provide relief to industries from prolong energy crisis– load shedding up to 16 hours. NOC estimates its loss from Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-89743904584905286132011-12-09T23:49:00.000+05:452011-12-20T14:10:49.051+05:45Nepal, India to review railway agreementNepal and India is going to review the Railway Service Agreement in January next year. The Railway Service Agreement was done in May, 2004.“The agreement was to be reviewed in every five years but due to some reasons the agreement failed to get revised during 2009,” joint secretary at the Ministry of Commerce and Supplies Toya Narayan Gyawali said, adding that this time both the countries was Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-18240529379167975312011-12-09T23:20:00.000+05:452011-12-20T14:04:45.579+05:45Namje features in CNN's never heard listThe Cable News Network (CNN) listed Namje, a village in eastern Nepal in its ‘12 best places you have never heard of'.Namje’s isolation has been its saving grace, commented the network. "It is along a series of footpaths with views of Mt Makalu, world’s fifth-tallest peak."The destination was recommended by founder and president of Odegard Inc Stephanie Odegard. Namje does not have a single road.Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-77066141837894911392011-12-09T22:59:00.002+05:452011-12-20T14:02:12.888+05:45Realtors ask to revise ceiling to home loanThe realtors want the central bank to revise the ceiling of Personal Home Loans to Rs 10 million from current Rs 8 million.“If the Personal Home Loans ceiling is jacked up by additional Rs 2 million then the demand for apartments and houses can be expected to grow reviving the market," according to general secretary of Nepal Land and Housing Development Association (NLHDA) Min Man Shrestha.The Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-57771289795150527002011-12-09T22:29:00.000+05:452011-12-19T17:31:17.200+05:45Nepal to get more support from Asian Development FundBased on the previous history of proper usages of resources, Nepal is eligible to receive more financial support from Asian Development Fund (ADF).“Nepal is working towards minimising corruption and misuse of funds through different mechanisms like e-tendering and similar tools that will ensure the grants reach the targeted groups,” assured finance secretary Krishna Hari Baskota, addressing the Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-79381970810835703072011-12-08T23:26:00.000+05:452011-12-19T17:29:06.505+05:45SAFA Award for Nepali corporate housesCredit Information Bureau (CIB) bagged the second runner-up award in Best Presented Accounts (BPA) amongst the public sector in the South Asia Federation of Accountants (SAFA) Awards in Dhaka on November 29.Similarly, Nabil Bank, Standard Chartered Bank Nepal, NIC Bank were awarded with Certificate of Merit under the Banking Sector, while Ace Development Bank and Butwal Power Company were also Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-91819588004499082812011-12-08T22:15:00.001+05:452011-12-19T17:17:03.767+05:45Asia-Pacific visitor arrivals up by six per cent in SeptemberWith highest South Asian arrival, international visitor arrivals into Asia-Pacific destinations for September showed a collective year-on-year increase of 5.7 per cent, a decline of half a percentage point from the previous month’s growth rate, according to the Pacific Asia Travel Association (PATA) today released its preliminary results.For the first nine months of 2011, all Asia Pacific Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-85778818509910043552011-12-08T21:17:00.002+05:452011-12-19T17:20:03.916+05:45Global investors still optimistic on emerging market prospectsHeightened global risk perceptions in the aftermath of the financial crisis, fueled by sovereign credit risk in the developed world and political crises in the Middle East and North Africa, have increased investors’ concerns, according to a new report by the World Bank’s Multilateral Investment Guarantee Agency (MIGA).However, the report, World Investment and Political Risk, notes that investors Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-344376866283912882011-12-07T22:52:00.000+05:452011-12-18T15:53:53.985+05:45Counter employment consequences of global economic turmoilRepresentatives of governments, workers and employers from the Asian, Pacific and Arab states have concluded a four-day meeting at which they discussed ways the region could prepare to counter the consequences of the current economic uncertainty.In conclusions adopted at the close of the ILO’s 15th Asia and the Pacific Regional Meeting (APRM), delegates agreed that employment and support for Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-50587958210804801292011-12-07T22:46:00.001+05:452011-12-18T15:48:44.643+05:45Nepal to lift ban on Indian IRs 500, IRs 1,000 notesNepal is looking at the possibility of lifting the ban on use of Indian Currency (IC) notes of denomination of IRs 500 and IRs 1,000.The issue came up for discussion between India's commerce secretary Rahul Khullar and his counterpart Purushottam Ojha in New Delhi yesterday."The Nepali side noted the possibility that notes of IRs 500 and IRs 1000 denomination may be rendered legitimate for use inKuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-27723924354251806092011-12-06T23:55:00.000+05:452011-12-18T15:57:02.935+05:45Nepal-India to share information on flow of dirty moneyNepal Rastra Bank (NRB) Financial Information Unit (FIU) and Financial Intelligence Unit-India entered into an agreement to check the flow of dirty money between the two countries.Central bank's FIU chief Dharma Raj Sapkota and Financial Intelligence Unit-India's Pravin Kumer Tiwari signed a Memorandum of Understanding (MoU) on behalf of their respective institutions on November 17.The move is Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-24292589143314481952011-12-06T22:38:00.001+05:452011-12-18T15:41:48.258+05:45Nepal-India review progress on oil pipeline projectNepal and India today reviewed the progress on the proposed IRs 1000-million pipeline project for supply of petroleum products from Raxaul in Bihar to Amlekhgunj in Nepal.The issue came up for discussion between India's commerce secretary Rahul Khullar and his visiting counterpart Purushottam Ojha in New Delhi.“Currently Nepal Oil Corporation (NOC) is getting petroleum products from Indian Oil Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-73849341014847990632011-12-06T17:41:00.000+05:452011-12-16T15:43:22.181+05:45Rising risk of deep Eurozone-US recessions poses threat to AsiaEconomic growth in emerging East Asia will continue to moderate into 2012 as growing sovereign debt problems in Europe and an anemic US economy raise the spectra of a deep global economic downturn, says the Asian Development Bank’s (ADB) latest Asia Economic Monitor.In the event that both the Eurozone and the US economies contract sharply, the impact on emerging East Asia would be serious yet Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-61752965711574340652011-12-05T23:49:00.000+05:452011-12-16T15:40:30.459+05:45Dispute over salary adjustment leads to closure of Vaishali HotelThe dispute between workers' union and management of Hotel Vaishali in Thamel over salary adjustment has led to the closure of the hotel yesterday. The union claims that it is ready to resolve the misunderstanding with the management, if it agrees to fulfil their demands on salary adjustment, whereas the management claimed that the union is not serious.According to the managing director of the Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-56881296856716990552011-12-05T23:37:00.001+05:452011-12-16T15:39:15.425+05:45Strong IPR laws help attract FDI, stops brain drainStrong Intellectual Property Rights (IPR) laws will help attract Foreign Direct Investment (FDI) and create employment at home stopping brain drain, opined the experts."Strong IPR law is one of the three key issues that the American companies wishing to invest in any country look for," first secretary at the US embassy, who looks after Intellectual Property for the sub-continent, Kalpana Reddy, Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-77971757592619119272011-12-05T22:32:00.001+05:452011-12-16T15:34:52.797+05:45Government to have relook in privatisation?Government brings Public Enterprises Direction Board (Formation and Working Procedure) DirectiveThe government is going to evaluate the current situation of privatised public entities to get the clear picture of privatisation and its impact, The government has brought the Public Enterprises Direction Board (Formation and Working Procedure) Directive released today.However, lawmakers are not clearKuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-79883393733827868352011-12-05T15:35:00.001+05:452011-12-16T15:37:29.863+05:45ILO regional meeting to focus on employmentGovernment agencies and employers' organisations started discussion on co-coordinating macroeconomic, employment and social protection policies, supporting productive employment, sustainable enterprises and skills development and rights at work and social dialogue from yesterday in the 15th Asia and the Pacific Regional Meeting of the International Labour Organisation (ILO) that is taking place Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-73827254909350634102011-12-04T23:58:00.000+05:452011-12-14T00:55:00.699+05:45Donors under scanner for lack of transparency in aidThe donors that are forcing government to be transparent are themselves 'not really' transparent, according to the International Aid Transparency Initiative's (IATI) pilot Aid Transparency Index 2011."None of the 58 donors agencies surveyed made it into the ranking's top category 'good', it said, adding that only nine agencies achieved a score of over 60 per cent, earning the classification 'fairKuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-10380253351268631212011-12-04T22:30:00.000+05:452011-12-16T15:31:51.746+05:45Nepal-India IGC meeting on December 5Nepal-India Secretary level Inter- Government Committee (IGC) meeting is to begin in New Delhi from tomorrow.Discussion will be held in the two-day meeting, on waiver of four percent additional duty customs (ADC) on all export items, implementation of provision of treaty of trade signed in October 2009, trade related technical assistance and exports of waste and scrap under the new rules of Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-34654519270580278672011-12-04T17:27:00.001+05:452011-12-16T15:29:29.701+05:45FICCI to open office in NepalThe Federation of Indian Chambers of Commerce and Industry (FICCI) today said it would open an office in Kathmandu and set up an India-Nepal strategy forum to boost economic ties between the two neighbouring countries."Confederation of Nepalese Industry (CNI) has offered an office space in the Trade Tower, where its office is located, in Kathmandu," it said, adding that a memorandum of Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-62247089122177311292011-12-03T23:51:00.000+05:452011-12-14T00:52:25.462+05:45Simplification of licensing policy reduces cost, timeSimplification of licensing policy reduces cost and time for business and attracts investment, according to a study of International Finance Corporation (IFC).However, the simplification of licensing policy is the first step to attract more investment as it is the entry point of any business, said secretary at the Prime Minister Lilamani Poudyal during an interaction on 'Unleashing Private SectorKuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-83007659020896069922011-12-02T23:45:00.001+05:452011-12-14T00:47:17.840+05:45Non-economic hurdles hit growthChallenging security situation and continuing tensions between employers and employees hit the business and economic environment in the country, according to the entrepreneurs.Introducing the programme as a platform to identify the root causes of conflict and possible solutions from among stakeholders, president of NBI Padma Jyoti said, welcoming the participants in the interaction organised by Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-59644462177768267052011-12-02T22:48:00.000+05:452011-12-14T00:50:49.768+05:45Powering development with renewablesEnergy poverty remains the key issue in the interface of climate change and development.According to the UNCTAD's Technology and Innovation Report 2011, Renewable Energy Technologies (RETs) offer a distinct possibility of tackling the dual challenges of climate change and energy poverty. According to estimates from the International Energy Agency (IEA), over 20 per cent of the global population —Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-88397350396266290852011-12-01T23:59:00.001+05:452011-12-13T16:15:30.510+05:45Remittance inflow to increase, to be equal to 20 per cent of GDPSmall and low-income countries like Nepal, Tajikistan, Lesotho, Samoa and Tonga tend to receive more remittances as a share of their gross domestic product (GDP), according to the latest issue of the World Bank’s Migration and Development Brief, released today at the fifth meeting of the Global Forum on Migration and Development in Geneva.However, India is expected to lead as the highest Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-59378936368138104112011-12-01T23:58:00.000+05:452011-12-13T16:03:02.224+05:45Tourist arrivals record historic high, crosses half-a-million mark in 11 monthsThe country recorded over half-a-million tourist arrivals in the eleven months in this year."The last eleven months have seen consistent healthy growth of international tourist arrivals to Nepal at an average of 21.5 per cent — around 1,518 visitors a day — to a record a historic high of 501,264," according to the Immigration Office at the Tribhuvan International Airport (TIA)."In November, some Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-54009057623652227532011-12-01T23:53:00.000+05:452011-12-13T15:55:27.428+05:45Gender inequality in wages highest in Nepal, reports ILOWomen are paid almost half the wages compared to their male counterparts, according to International Labour Organisation (ILO) report."In Nepal, male-female inequality in wages is among the highest (40.5 per cent) but among the lowest when it comes to labour force participation (7.4 percentage points)," said the Asia-Pacific Labour Market Update published by the ILO Regional Office for Asia and Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-16968418811781017592011-12-01T23:47:00.001+05:452011-12-14T00:49:56.280+05:45Nepal second most corrupt country in South Asia: TINepal is the second most corrupt country in South Asia after Afghanistan, with Bhutan being the least corrupt in the region, if one goes by the Corruption Perception Index- 2011 released by Berlin-based Transparency International (TI) today.According to TI, the world’s most credible measure of domestic and public sector corruption, Nepal is ranked 154th with a score of 2.2. It was ranked 146th Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-10189141068686212552011-12-01T23:30:00.001+05:452011-12-13T16:04:26.249+05:45Gold touches new record high of Rs 55,800, trading dropsGold in the domestic market today witnessed a rise by Rs 300 to scale a new high of Rs 55,800 per tola (11.664 gram).The weakening Nepali rupee vis-à-vis US dollar has pushed the price of gold to a new height, though there has been no huge gain in the international market, where the precious yellow metal surge by $25 per troy ounce from yesterday, according to president of Nepal Gold and Silver Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-44364804845764834102011-12-01T17:55:00.001+05:452011-12-13T15:56:55.062+05:45Change to sustainable energy provides great opportunitiesRaising living standards in poor countries can and should be done at the same time as the world shifts to ‘green’ energy use, and such a feat is possible if global efforts are well-designed and implemented, high-level officials told a conference today morning.“Green growth should be inclusive,” UNCTAD secretary-general Supachai Panitchpakdi said in opening a day’s debate on the topic of ‘How Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-75302253029858434962011-11-30T23:58:00.001+05:452011-12-06T22:31:51.210+05:45BoP posts whopping Rs 33.89 billion surplusEconomists suspect foul play as trade credit, miscellaneous accounts surgeThe overall Balance of Payment (BoP) recorded a whopping surplus of Rs 33.89 billion in the three months of fiscal year 2011-12, compared to a deficit of Rs 6.88 billion in the same period last year, according to the central bank.The central bank contributed surplus current account and bulging service account for the BoP Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-4691864593393720422011-11-30T22:18:00.001+05:452011-12-06T22:25:24.585+05:45Mobile phone users growing by 10 people everydayAlmost 10 people are getting the mobile phone facility in a day, according to Nepal Telecommunications Authority (NTA) report.The number of mobile phone users increased by 1.5 million — an increment of 13 per cent — in last six months, the latest Management Information System (MIS) report of the Authority stated, adding that the number of mobile phone users stood at 12.5 million by mid-October Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0tag:blogger.com,1999:blog-9153720677446060940.post-63013092312308699502011-11-30T22:00:00.000+05:452011-12-13T15:51:36.480+05:45Bankers ask NRB to lower deposit insurance premiumCentral bank has directed the commercial banks to get their small deposits insured as soon as possible but Nepal Bankers Association (NBA) is lobbying to get deposit insurance premium lowered.The banks have difficulty in paying the deposit insurance premium, said NBA's president Ashoke Rana in an official meeting with the governor Dr Yubaraj Khatiwada at the central bank today.The Nepal Rastra Kuvera Chalise (Print name)http://www.blogger.com/profile/11959214075746367420noreply@blogger.com0