Category: Finance

Nine more suspension bridges to be built in Myagdi

3 April, Babiyachaur (Myagdi): The construction of nine more suspension bridges has been launched this year in Myagdi district at an estimated cost of more than Rs 50 million. The District Coordination Committee is spearheading the construction of the bridges with a goal to complete them within the next four months. Three bridges will be built at Raghunga, two in Dhaulagiri, Annapurna, Malika and one each at Mangala Village Council and Beni Municipality, Committee’s Assistant Sub Engineer, Bal Krishna Poudel said. Poudel added that the project with an estimated budget of Rs 51.1 million will benefit the locals of...

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Nepse clamps circuit breaker

2 April, Kathmandu: The Nepal Stock Exchange (NEPSE) index today witnessed a dramatic surge by 79.47 points, prompting the market regulator to apply circuit breaker two times. The NEPSE started from 1587 points and reached 1667. Increasing likelihood to hold local level elections and an improvement in credit crunch are said to be behind the increment. A total 1.67 million shares of the total 134 companies were traded involving a cost of Rs 964 million, said the NEPSE. The sensitive index also increased by 16.38 points. Trade of shares of Bank rose by 70.6 percent while hotel 87.13 percent...

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Teachers support Rs 500 thousand to National Invention Centre

28 March, Beni (Myagdi): Teachers working under the Adarsha Secondary School Resource Centre have supported Rs 500 thousand for establishing the National Invention Centre initiated by Mahabir Pun, a widely known figure of introducing wireless technologies in remote areas of the Himalayas. The resource person at the Centre Bharat Kumar Pun and headmaster at Tikot Secondary School, Pradip Pun handed the amount to the campaigner Pun. Pun has contributed to extending the internet facilities in the area. Campaigner Pun was awarded with the Magsaysay Award in 2007....

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Kabeli A Project construction kicks off

27 March, Taplejung: The construction of the 36.6 megawatt ‘Kabeli A Hydro Power Project’ has been launched with a set target of completion time of three years. The construction site is located at the Kabeli river that flows through the border of Taplejung and Paanchthar districts. With completion deadline set at 2020, the foundation stone of the project was laid on Friday amidst a ceremony held here. The project being developed at a cost estimate of Rs 10 billion is the biggest yet in eastern Nepal. The Butwal Power Company has 56 per cent shares in the hydro power...

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More than Rs 20 million collected from educational and religious festival

26 March, Khotang: More than Rs 20 million has been collected from educational and religious festival organised at Matikaure playground for the support of Diktel Multiple Campus. A total of Rs 21.731 million was collected till the last day of the week-long festival on Saturday, said Chairman of Campus Management Committee and Festival Main Organising Committee, Devi Rijal. The festival was organised with an objective to making the campus as the model campus of the country by providing quality education, said Campus Chief Dr Shukraj Rai. Master Degree classes of other subjects would be run from the amount collected...

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Energy Minister calls for youth involvement in hydropower development

25 March, Kathmandu: Minister for Energy Janardan Sharma has called upon all the youths to participate in the mega campaign of hydropower development with a vision of making the country self-sufficient. Inaugurating the second Kathmandu district-level convention of the Young Communist League (YCL), the youth wing of the CPN (Maoist Centre) here today, he said the slogan – Nepal’s Water People’s Investment – has been brought by the government with the goal of engaging all the youths in hydropower development. The Energy Minister stated that the government has forwarded the process of allocating shares of the Tila Karnali Hydroelectricity...

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Drinking water project of Rs 280 million in Besisahar

23 March, Lamjung (Besisahar): A mega drinking water project of Rs 280 million is to be implemented in district headquarters, Besisahar. The Besisahar Drinking Water and Sanitation Users Committee took the initiative for the project. The Committee shared that project was initiated on the co-funding of the Ministry of Drinking Water and Sanitation and the Department of Sewerage. Committee Chairperson Krishna Lal Pradhan said the users would invest 30 % of total project estimated costs along with their kind labour. He informed that the technical preparation of the drinking water project has been completed. The drinking water project would...

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Bhaktapur bus entrepreneurs warn of not allowing Sajha bus service

21 March, Bhaktapur: At a time when the Sajha buses have become popular with reliable service in the Kathmandu and Lalitpur cities, the transport entrepreneurs in Bhaktapur district threatened that they would not allow the Sajha buses to provide its service in the district. Warning of halting the transport service in all rural areas in the district if Sajha buses are allowed to provide in the district, the transport entrepreneurs tried to impose syndicate. At a news conference organised by the East of Koteshwor Transport Coordination Committee at Rafat Media Club on Monday, they said that they would shut...

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World Bank to provide additional support in reconstruction activities

14 March, Kathmandu: The World Bank has announced to provide additional support to Nepal for the post earthquake reconstruction activities. Executive Director of the World Bank, Dr Andin Hadiyanto, expressed commitment of assistance for skill development and capacity building for better livelihood and economic prosperity after reconstruction task. Hadiyanto after the meeting with Chief Executive Officer of the National Reconstruction Authority, Dr Govinda Raj Pokharel, said that support provided by the WB in reconstruction task would be utilized effectively. Inquiring about the challenges seen in reconstruction task, he stressed the need of more cooperation and collaboration among government mechanisms...

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NRA recommends Rs 200,000 for house construction in safer areas

12 March, Kathmandu: The National Reconstruction Authority (NRA) has recommedned to the government to provide Rs 200,000 each to the earthquake affected households to purchase land for the costruction of house in safer areas. A meeting of the NRA Executive Committee presided over by Chief Executive Officer Prof Dr Govinda Raj Pokharel on Friday recommedned to the Council of Ministers to provide the amount to 1,500 households as recommended by the taskforce to identify unsafe settlements for the purpose of shifting them to secured zones, shared NRA Spokesperson Yam Lal Bhusal. With this, the families living in earthquake-torn zones...

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