Category: Finance

Kathmandu: A narrow-body aircraft of Nepal Airlines Corporation (NAC) has been grounded due to technical problems. According to NAC narrow-body A320 aircraft 9N-AKW has been grounded. The plane landed on a flight from Kathmandu to Doha and had an engine problem while being taken to the parking lot. The problem has been identified in the… Continue reading NAC grounded narrow body aircraft

Baitadi (Rashtriya Samachar Samiti): Civil Aviation Authority of Nepal (CAAN) has allocated Rs 15 million to upgrade Baitadi airport. A meeting held on chairmanship of Tourism Minister Prem Bahadur Ale, the CAAN has allocated budget to upgrade domestic airports across the country.The meeting has decided to allocate Rs one billion for Dhangadhi airport, Rs 26.5… Continue reading CAAN allocates Rs 15 mn to upgrade airport

Kathmandu: Nepal Electricity Authority (NEA) has reduced the leakage in the system to 14.35 percent in the first four months of the current Fiscal Year 2078/07. NEA has managed to reduce the leakage of system from 17.18 percent in the last fiscal year by 2.83 percentage points to 14.35 percent in the last four months… Continue reading Electricity leakage dropped to 14.35 percent in four months

Kathmandu: Prime Minister and Nepali Congress President Sher Bahadur Deuba has said that those who say that the US aid project is treasonous have not read the agreement properly. Extending his message during the inauguration of the eighth general convention of the CPN (Maoist Center), Prime Minister Deuba said that MCC is not a traitor… Continue reading PM Deuba claims MCC is not against the country’s welfare

Kathmandu: In partnership with Nepal’s online payment service provider ‘Khalti’, Tilathi Koiladi Rural Municipality is providing agricultural meter tariff and household electricity tariff to about 4,500 farmer families in its area for using electronic equipment for irrigation and agricultural purposes. Located at the south-eastern part of Saptari District, Tilathi’s farmers used to be engaged in… Continue reading Tilathi Koiladi Rural Municipality to distribute financial grant to farmer jointly with Khalti digital wallet

Kathmandu: The Nepal Army has decided to provide concessional loans for the construction of houses to its employees who have served for at least 10 years. On Wednesday, Chief of Army Staff Prabhuram Sharma inaugurated the program at the Army Headquarters. So far, 20 people have applied for home loan under this facility and 7… Continue reading Nepal Army to provide home loans to army personale

Kathmandu: The Joint Trade Union Struggle Committee has objected to the addition of unnecessary employees in the contract of the Nepal Airlines Corporation (NAC), which is collapsing financially. The committee has objected that some people have been recruited in the passenger service department, operations department, general service and property management department in the corporation on… Continue reading Trade union warns NAC not to hire unnecessary staff

Kathmandu: The domestic demand for electricity has skyrocketed during the winter season . According to the Nepal Electricity Authority, the peak demand for electricity this year has increased by an average of 300 MW as compared to last year. Consumption is increasing on a daily basis due to the increase in the use of electric… Continue reading Electricity demand increases

Kathmandu: Minister for Energy, Water Resources and Irrigation Pampha Bhusal has appealed to all sectors to increase electricity consumption. Speaking at the inauguration ceremony of the Oxygen Plant constructed by Chhetrapati Hospital on Saturday she said that electricity is now sufficient to alleviate the crisis in the energy sector and urged all sectors to contribute… Continue reading Energy Minister Bhusal urges to increase electricity consumption

Kathmandu: As the capital (development) expenditure is becoming depressing, the Ministry of Finance has started discussions with the concerned ministries. Finance Minister Janardan Sharma on Friday called on the concerned development ministry ministers at the finance ministry to increase capital expenditure. On the occasion, Finance Minister Janardan Sharma urged the ministries to spend 30 percent… Continue reading Finance Minister directs all the ministries to make budget plan till Jan 14