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Nepal fares badly even among LDCs: UN

Nepalmountainnews Report | |18 Jul 2008

un-green-logo.jpg A latest United Nations report has pointed out that Nepal has fared badly even among the 50 Least Developed Countries (LDCs). "Nepal itself continues to remain an outlier alongside other Asian LDCs that have enjoyed higher rates....

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Japan provides Rs 1.7b for road project

Nepalmountainnews Report | |17 Jul 2008

The government of Japan has agreed to provide Rs 1.77 billion in grants for improvement of the Kathmandu-Bhaktapur road. Japanese Ambassador to Nepal, Tatsuo Mizuno, and Secretary of the Ministry of Finance, Rameshore Prasad Khanal,.....

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'Full-fledged budget by fortnight after Maoist shape govt'

Nepalmountainnews Report | |15 Jul 2008

dev-gurung-single.jpg A Maoist central leader has claimed that that his party will bring a full-fledged budget within 15 days after it form the government. Speaking at a programme in capital today, Maoist leader Dev Gurung said that the Maoist budget would.....

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Maoists back off Gurkha issue 'at least' for now

Nepalmountainnews Report | |15 Jul 2008

british-gurkha.jpg The Maoist leaders, who opposing foreign imperialism in all its guises, threatened to end what they see as the humiliating recruitment of young Nepali men into the British armed forces had said that they will decide the issue after ......

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Advance expenditure bill to spend Rs 73b passed

Nepalmountainnews Report | |15 Jul 2008

convention_hall.jpg The Constituent Assembly, Monday, unanimously, passed the advance expenditure bill presented by the government as the full-fledged budget could not be presented due to delay in formation of new government. The passage of...

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Alternative arrangement for budget made

Nepalmountainnews Report | |9 Jul 2008

The cabinet, Tuesday, approved a seven-party decision allowing the government to make alternative arrangement for budget of the coming fiscal year, which begins from mid-July....

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3 firms interested in Kathmandu-Terai fast-track

Nepalmountainnews Report | |9 Jul 2008

highway.jpg Three multinational companies have shown keen interest in investing in the over Rs 60 billion fast-track highway linking the capital with the country's southern belt, in response to the recent invitation of the government.....

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NOC foresees vulnerable fuel crisis

Nepalmountainnews Report | |8 Jul 2008

petrol-queue.jpg The Nepal Oil Corporation (NOC) has warned that the long running fuel supply shortage can become worse as there is no concrete plan to address NOC's deepening financial crisis due to soaring global oil prices. The state-owned.....

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Govt unable to bring full-fledged budget this year: Official

Nepalmountainnews Report | |7 Jul 2008

ram-sharan-mahat-announcing-budget.jpg The affect of the prolonging political stalemate in the country that has a little hope to get final solution within few days has clearly been started viewing in country's economy. Not to talk of other difficulties that general....

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Government nods to set up 4 commercial courts

Nepalmountainnews Report | |3 Jul 2008

supreme_court-of-nepal.jpg The government has approved to set up four commercial courts in Patan, Biratnagar, Butwal and Nepalgunj. "The Supreme Court had planned to set up commercial benches in six major commercial cities and had demanded appoinment of.....

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Nepal-India trade talks deferred yet again

Nepalmountainnews Report | |1 Jul 2008

Delay in formation of the post election government in Nepal has once again postponed the bilateral trade talks between Nepal and India. The two countries have failed to hold the meeting for the last two years....

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Lack of skills hindering Nepali workers' overseas prospects

Nepalmountainnews Report | |1 Jul 2008

job-seekers.jpg Though the number of countries receiving Nepali workers has doubled over the year to 64 from only 38 last year, they are still concentrated in only four countries as attempts to diversify into other destinations have not burn fruit....

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Petroleum dealers withdraw strike 'for the time being'; smooth supply expected

Nepalmountainnews Report | |30 Jun 2008

Responding to a request from the Federation of oil-tanker-1.jpgNepalese Chamber of Commerce and Industry (FNCCI), the Nepal Petroleum Dealers Association (NPDA) has withdrawn its indefinite strike that lasts for a week. Shiva Prasad Ghimire, presi....

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Australia likely doubling aid to Nepal

Nepalmountainnews Report | |29 Jun 2008

Australian ambassador to Nepal, Graeme Lade, said on Saturday that Australian government is mulling to double its aid to Nepal in the next few years intending to focus on health, education, poverty alleviation and.....

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Nepalis going overseas for jobs go up by 22.44pc

Nepalmountainnews Report | |27 Jun 2008

job-seekers.jpg The number of Nepalis going overseas for jobs during the first eleven months of the current fiscal year has gone up by 22.44 percent compared to the figures recorded during the same period last fiscal year. According to an....

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Fuel crisis continue as talks between NPDA, NOC failed

Nepalmountainnews Report | |26 Jun 2008

petrolpump.jpg Despite the hike in price of the fuel, easy access to gasoline is still a far off dream for general customers. People have to queue for hours for few litres of petrol and diesel as Nepal Oil Corporation (NOC) the sole....

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$ 55 Million British aid for road constructions

Nepalmountainnews Report | |22 Jun 2008

malik.jpg The British government has agreed to provide financial help worth $55 million (Rs 3.74 billion) to Nepal for road constructions over the next four years. "The United Kingdom has agreed to provide $55 million over the next....

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First batch Nepalis selected to go Korea under EPS

Nepalmountainnews Report | |21 Jun 2008

nepal-korea-flag.jpg South Korea has selected altogether 140 names out of the 6,767 candidates, who have filled out the job application form to go to Republic of Korea for employment purpose under employment permit system (EPS). The Department....

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22 manpower agencies sealed

Nepalmountainnews Report | |21 Jun 2008

nepal-jhapa.jpg The district administration of Jhapa has sealed nearly 22 illegally-operated manpower agencies, and arrested two dozen promoters and employees in the district. “We closed 12 agencies in Birtamod and 10 in Damak in the past two.....

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Delay in govt formation impacts budget preparations

Nepalmountainnews Report | |18 Jun 2008

1govlogo.jpg Though only countable days are left for the government to announce its annual budget for the fiscal year 2007/ 2008, it has not yet been finalized as the parties are yet to reach consensus on the formation of new government......

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China to invest on Ring Road flyovers

Nepalmountainnews Report | |17 Jun 2008

jhala_nath.jpg China has agreed, in principle, to provide assistance for the construction of nine flyovers on the Ring Road and will take up construction of three flyovers to be built at Koteshwor, Kalanki and Maharajgunj in the first phase....

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Nepal to talk China to re-open border

Nepalmountainnews Report | |16 Jun 2008

Nepal-China.jpgAn all-party meeting held at the district administration office in Sankhuwasabha district on Sunday decided to initiate talks with Chinese border security officials to re-open Chinese border post at Kimathanka in.....

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"Country's economy will not improve unless Maoists quit extremism, change behaviour"

Nepalmountainnews Report | |14 Jun 2008

ram_sharan_mahat.jpg Stating that the Maoist’s behaviour were main cause behind the degrading economy in the country, Finance Minister Dr Ram Sharan Mahat said country would not catch the path of economic progress unless Maoists abided to....

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Agriculture GDP expecting record growth

Nepalmountainnews Report | |11 Jun 2008

ploughing.jpg The real agriculture GDP, one of the key sector for Nepali economy, is expected to record a growth of six per cent for 2007-08. The growth could push the gross domestic product (GDP) to four per cent. The growth in real agric....

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Fuel price hiked; protest begins

Nepalmountainnews Report | |10 Jun 2008

oil-tanker-1.jpgAs usual, the Nepal Oil Corporation (NOC) as per government nod hiked the fuel prices late Monday evening as to cope with the soaring prices in the international market, and student unions affiliated to various political....

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