Renault's Test Drive

Renault's Test Drive
Published on: 2017-02-22         61 views

February 22: Advance Automobile, the authorised distributor of Renault vehicles for Nepal has organised Renault test drive in various cities in Nepal. Issuing a press statement, the company informed that the visitors can get experience of Renault cars in the test drive program which was kicked off on February. . . Read More »


Amendment in Monetary Policy: Relief to Industries; Tightens Trade

Amendment in Monetary Policy: Relief to Industries; Tightens Trade
Published on: 2017-02-22         76 views

February 22: Nepal Rastra Bank has attempted to provide relief to the productive sector of the country through the amendment of monetary policy of the current FY. The big industrial projects were in problem due to the abnormal increase in interest rate of loans caused by lack of liquidity in banking system since last few months. Moreover, credit to core. . . Read More »


Insurance Companies Record 60% Raise in Net Profit

Insurance Companies Record 60% Raise in Net Profit
Published on: 2017-02-22         95 views

February 22: In the second quarter of the current FY, the 17 insurance companies have logged 60.12 per cent increase in their net profit. According to the unaudited second quarter financial report of the companies, the net profit of the companies reached Rs 1.28 billion. Such profit was Rs 799.8 million during the corresponding period of the last. . . Read More »


Don't Stop Banking Investment in Heavy Equipment: FCAN

Don't Stop Banking Investment in Heavy Equipment:  FCAN
Published on: 2017-02-22         64 views

February 22: The representatives of Federation of Contractor's Association of Nepal (FCAN) have met the officials of Nepal Bankers Association (NBA) on February 21. In the meeting, FCAN members discussed the banking problems faced contractors and solutions of those problems with the. . . Read More »


Nepal Logs Trade Surplus with 48 Countries

Nepal Logs Trade Surplus with 48 Countries
Published on: 2017-02-22         76 views

February 22: During the period, when Nepal is having deficit trade balance with most of the countries, it has logged profit in foreign trade with few countries. According to the statistics of Trade and Export Promotion Centre (TEPC), Nepal logged profit with a total of 48 countries in foreign trade during the last FY. . . Read More »


Simrik Air Special Flight Package to Gosaikunda on Shivaratri

Simrik Air Special Flight Package to Gosaikunda on Shivaratri
Published on: 2017-02-22         115 views

February 22: Simrik Air is making flight to Gosaikunda by providing special discount on the occasion of upcoming Maha-Shivaratri. Issuing a press statement, the company informed that the Airlines is making flight from Surya Chaur of Nuwakot to Gosaikunda which will take around 15 minutes of time for up and down totaling to 30 minutes of. . . Read More »


Colors Slashes Price of Elite E15 and E20

Colors Slashes Price of Elite E15 and E20
Published on: 2017-02-22         49 views

February 22: Colors Mobile has offered a heavy price drop on their two smart phones Elite E15 and Elite E20. Issuing a press statement, the company informed that the price has been reduced to Rs 10,495 from Rs 12,495 on E15 and Rs 11,995 from Rs 13,995 on E20.. . . Read More »


Mahindra's New Showroom in Charikot

Mahindra's New Showroom in Charikot
Published on: 2017-02-22         55 views

February 22: Agni Group, the authorized distributors of Mahindra vehicles for Nepal, has inaugurated its new showroom, Karki Multimedia Concern at Charikot on February 20. Ashish Joshi, Country Manager for Nepal from Mahindra, India along with Dinesh Basnet, the Vice Chairman of FNCCI, Dolkha inaugurated the showroom amid a. . . Read More »


Mid-term Analysis of Budget: Formulation of Project Bank in the offing

Mid-term Analysis of Budget: Formulation of Project Bank in the offing
Published on: 2017-02-21         75 views

February 21: The government conducting mid-term analysis of budget has figured out tasks to be completed in remaining period of current FY and challenges that may arise while performing. The mid-term budget report presented by Finance Minister Krishna Bahadur Mahara on February 20 in the Ministry evaluated the tasks that were completed and. . . Read More »


6th National Leather Footwear and Products Expo from February 22

6th National Leather Footwear and Products Expo from February 22
Published on: 2017-02-21         79 views

February 21: The '6th Grand National Leather Footwear and Products exhibition' is being held at Bhrikutimandap, Kathmandu from February 22 to March 2. The exhibition is being organised by Leather Footwear and Goods Manufacturer's Association of Nepal. As per Jivan Nepali, Chairman of the association, the fair is being organised. . . Read More »


ADB to Increase Support to $1.2 Billion to Nepal in 2017-19: ADB Vice President

ADB to Increase Support to $1.2 Billion to Nepal in 2017-19: ADB Vice President
Published on: 2017-02-21         86 views

February 21: Asian Development Bank (ADB) is set to grant USD 843.8 million to Nepal in next three years. The bank will provide the support during the year 2017-2019, informed Vice-President of ADB, Wencai Zhang. Zhang is on a 3-day official visit to Nepal. During the visit, he met with Nepal’s Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara, and other senior officials to discuss the overall direction of development partnership between ADB and. . . Read More »


Nepal Infrastructure Summit Concludes: Increase in Infrastructural Investment Stressed

Nepal Infrastructure Summit Concludes: Increase in Infrastructural Investment Stressed
Published on: 2017-02-21         85 views

February 21: Nepal Infrastructure Summit 2017 has stressed on requirement of building big infrastructure for the economical development of the country. The summit that was organised by Confederation of Nepalese Industries (CNI) concluded on Monday, February 20. The summit interpreted that the current investment of the country in infrastructure is. . . Read More »


Choice's 5 Liters Pet Bottle in the Market

Choice's 5 Liters Pet Bottle in the Market
Published on: 2017-02-21         75 views

February 21: Able Perfect SDN BHD, a Malaysian edible oil producer company has launched sunflower oil in five liters pet bottle in the Nepali market. Shiva Traders, the authorised importer of the company for Nepal has brought the new product in the domestic. . . Read More »


HBL Itahari Branch in its Own Building

HBL Itahari Branch in its Own Building
Published on: 2017-02-21         89 views

February 21: Himalayan Bank has constructed a new building in Itahari. Manoj Bahadur Shrestha, Chairman of the bank's board of directors inaugurated the newly constructed building amid a program organised February 20. In the program, Ashok Samsher Jabara, CEO of the bank highlighted about the activities of the. . . Read More »


Sipradi's Contractors' Meet

Sipradi's Contractors' Meet
Published on: 2017-02-21         64 views

February 21: Sipradi Earthmovers, the authorised distributor of TATA for Nepal organised contractors' meet and interaction program on February 20 in Kathmandu. Rajan Babu Shrestha, CEO of the company inaugurated the. . . Read More »


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While You Rule the Roost…

While You Rule the Roost…

By Madan Lamsal

When the issue of who should be appointed the new chairman of the Insurance Board (IB) cropped up in a Cabinet meeting a few weeks ago, the Finance Minister took out a name-list from one of the pockets of his . . . read more »