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Karnali Development Bank in problem, NRB takes over

Kathmandu, Dec 25: Nepal Rastra Bank (NRB), the central bank of Nepal, has declared Karnali Development Bank as a problematic financial institution. The decision was made during a meeting of NRB's Board of Directors. Following this declaration, NRB has assumed the management responsibilities of the bank, which has its head

Upper Tamakoshi
Power generation from Upper Tamakoshi restarts partially

The Upper Tamakoshi Hydropower Project which witnessed a halt in production following the damage caused by the rains-induced flood and

‘Honey Festival’ to take place in Chitwan from tomorrow

Chitwan, Dec 25: The Prime Minister Agriculture Modernization Project Implementation Unit is organizing a ‘honey festival’ here from Thursday for

Import of four-wheel motor vehicles down at Birgunj customs

The import of four-wheel drive vehicles through the Birgunj customs check point has decreased in the first five months of

Public debt reaches Rs 2,500 billion, interest payment exceeds development…

With the growing size of public debt each year, the expenditure for servicing its interest has also increased, now surpassing

Lawmakers sought private sector’s role in electricity sector

Lawmakers have called for encouraging the participation of private sector in development of electricity sector.

US Agency found AAR paid bribes to Nepali official on…

AAR’s participation in corrupt schemes to pay bribes to government officials in Nepal and South Africa.

Betel nut plant with fruit (file)
Lawmakers stress on promotion of betel nut production and export

Lawmakers have stressed the need to promote betel nuts farming and increasing its export.

52 MW of electricity produced at Rasuwagadhi

The Rasuwagadhi Hydropower project in Timure, northern Rasuwa, has successfully completed its test production.

Department of Customs Nepal.
Export rise in first five months in current FY

Data released by the Customs Department shows that imports increased by 3 percent, while exports rose by 16.5 percent in