Category: Finance

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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Cooking gas price dearer by Rs 25

11 March, Kathmandu: The state-owned Nepal Oil Corporation (NOC) has hiked the price of LP gas cylinder. NOC spokesperson Sitaram Pokharel shared that the increase of Rs 25 per cylinder would come to force from this mid-night. After the fresh NOC move, the price of a LP gas cylinder reached Rs 1375. Spokesperson Pokharel said that the NOC is still facing loss of Rs 291 in each LP gas cylinder. The price of petrol, diesel and kerosene however, remains the same, the NOC...

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‘Modern Nepali Food Festival’ in the offing

8 March, Kathmandu: Hospitality Foundation of Nepal is set to hold ‘Modern Nepali Food Festival’ beginning this Saturday. The Foundation, which has been working to promote tourism for the past five years, on Tuesday organized a press conference to disclose information on the upcoming event. The Foundation stated that it was organizing the festival with an aim to promote Nepali food and taste in the international market. The festival will be held at Event Samrat Garden Restaurant at Samakhusi....

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Power production from Sanjen Hydro likely within 20 months

6 March, Rasuwa: The under-construction 14.8 Megawatt upper Sanjen Hydropower Project in Rasuwa is likely to go into the production phase within the next 20 months. The project is based at Simbu VDC-4 in the north part of the district. The dam for the project is constructed at Tilochebagar of Chilime VDC which is at an altitude of 2,350 meters above the sea level and the construction of a 1387-meter long tunnel meant for supplying water from the dam site to the power house got completed Sunday, according to Kiran Kumar Shrestha, Chief Executive Officer of Sanjen Hydro Power...

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Nepali businesspersons based in India to invest Rs 1 billion in Nepal

5 March, Kathmandu: Nepali businesspersons in India have showed their interest to invest in Nepal in various sectors. As part of their plan, they informed that a well-equipped resort at Bardiya National Park would be built at the cost of Rs 1 billion under the Federation Everest Chamber of Commerce and Industries (FECCI). The information was shared at a press conference organised in the Capital today by the FECCI. The FECCI representatives were in the Capital to take part in the recently-held Nepal Investment Summit. Addressing the meet, FECCI President Yubraj Baral said Bardia has been prioritised for investment...

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Chameliya project gains momentum following minister’s instruction

5 March, Baitadi: The tunnel construction of the 30 – megawatt Chameliya Hydro Power Project at Balanch village of Shikhar VDC in Darchula has been completed. The project construction work, which had slowed down, gained momentum following an instruction from Minister of Energy, Janardan Sharma. Minister Sharma on February 11 had made an onsite visit to the construction site of the project and issued the directive for its completion at the earliest. Of the total of 4.6 km tunnel, the construction of 843 meters had been too narrow. This prompted the project management to expand the narrow stretch of...

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Japan extends financial assistance of 80,532 US dollar to NESPEC

5 March, Kathmandu: The government of Japan has decided to extend financial assistance of 80,532 US dollar to Nepal Social Development and People Empowerment Centre (NESPEC) under the grant assistance for Grassroots Human Security Project (GSP) scheme of the government of Japan. NESPEC, a local NGO in Udayapur district, will work with Small Farmer Women Agriculture Cooperative Society, Rampur Thoskila, to implement the project for the construction of Training Centre for Women’s Cooperatives in Udaypur district. A grant contract relating to this project was signed and exchanged between Ganga Rai, President of Nepal Social Development and People Empowerment Centre...

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