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Gas dealers withdraw strike, resume supply

Nepalmountainnews Report | |1 Jul 2009

gastruck.jpg Liquefied petroleum gas (LPG) companies, which are on strike for the last three days halting supply of gas, agreed to resume supply from Tuesday. The agitating suppliers withdrew their strike after Nepal Oil Corporation (NOC) agreed......

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Milk price to go high

Nepalmountainnews Report | |1 Jul 2009

nepali-milk-market Private dairies and dairy farmers have decided to request the Ministry of Agriculture and Co-operatives (MoAC) to take initiative toward raising the price of milk by 25 percent. The demand if fulfilled will put the farmers' selling price.....

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Nepal to renew labor pact with Korea for EPS

Nepalmountainnews Report | |29 Jun 2009

eps-agreement The government is preparing to renew existing labor agreement with South Korea to send workers under the Employment Permit System (EPS). The Ministry of Labor and Transport Management (MoLTM) has sent a proposal to renew the Memorandum.....

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Japan extends construction aid by 348 million rupees

Nepalmountainnews Report | |23 Jun 2009

banepa-bardibas-sindhuli-road The government of Japan has agreed to extend a grant aid of approximately Rs 3,483,732,000 to Nepal in the fiscal year 2009. The extended amount would be implemented in the Project for Construction of the Sindhuli Road......

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60 more trainee workers in process to fly Japan; EPS demand up

Nepalmountainnews Report | |18 Jun 2009

eps-signing The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has said that it was in the process of sending 60 more industrial trainee workers to Japan. The apex body of the country's business community has been....

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Newly appointed Attorney General assumes office

Nepalmountainnews Report | |17 Jun 2009

Professor Bharat Bahadur Karki who has been appointed as the new Attorney General of Nepal has assumed the office Wednesday. President Dr Ram Baran Yadav has appointed Professor Karki as the new Attorney General of.....

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No new tax policy before new constitution: FNCCI to govt

Nepalmountainnews Report | |17 Jun 2009

fnccibuild.jpg Stating that only stable tax policies encourage businessmen for more investment, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI)- the umbrella organisation of business community in the country- said it opposes any....

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Oil cost price hiked but govt denies to rise consumer price

Nepalmountainnews Report | |17 Jun 2009

oil-tanker-1.jpg The price of the petroleum oil products have gone up in the Indian market which is sole supplier of that in Nepal. But government is unlikely hiking the local market price at any time soon. Though Nepal Oil Corporation (NOC) reasoning.....

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World Merchant Bank CEO nabbed

Nepalmountainnews Report | |15 Jun 2009

Police have arrested Chief Executive Officer (CEO) of World Merchant Banking and Finance Company Binit Mani Upadhyaya on charges of fraud, Sunday. Upadyaya and the finance company have been charged.....

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Nepalis among others protest of deducting salary in Bahrain

Nepalmountainnews Report | |14 Jun 2009

bahrain Nepalis are among the 75 workers from different South Asian nations who are on strike protesting pay cuts in their company, reported the Bahrain based Gulf Daily News on Sunday. The workers from Nepal, India and Pakistan accused.....

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UAE pledges Nepal all help; establish consulate office in Nepal

Nepalmountainnews Report | |12 Jun 2009

uae-foreign-minister-with-fm-sujata-koirala Minister for Foreign Affairs of the United Arab Emirates Sheikh Abdullah bin Zayed has pledged Nepal with full commercial, economic and technical cooperation of his country. In his meeting with Nepali counterpart Sujata.....

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Ban on poultry farming filted as bird flu controlled

Nepalmountainnews Report | |9 Jun 2009

bird-flu-survelliance The government has lifted an over three month-long ban on farming and transportation of poultry products in Mechi Municipality in eastern Nepal, where the first case of bird flu was detected.....

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Nepal, India sign four MoUs under SARRC cooperation

Nepalmountainnews Report | |8 Jun 2009

Nepal and India signed four Memoranda of Understanding (MOU) aimed at fostering cooperation under the South Asian Association of Regional Cooperation (SAARC) framework in Kathmandu on Monday....

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Nepali national killed in Malaysia

Nepalmountainnews Report | |7 Jun 2009

A Nepali migrant worker, Meghnath BK, has been killed mysteriously recently in Euro Company, Rawangma of Malaysia, national news agency RSS reported. BK had remained absent all of sudden from 29 May in the office....

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WB to provide $782 million to Nepal

Nepalmountainnews Report | |5 Jun 2009

world-bank.jpg The World Bank has decided to provide Nepal with financial aid worth $782 million dollars for the next two years. The meeting of the board of directors of the bank held Thursday decided to allot the amount under the interim.....

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World Trade Centre closed indefinitely over management dispute

Nepalmountainnews Report | |22 May 2009

United World Trade Centre (UWTC), one of the biggest shopping malls of capital Kathmandu has been shut down from Thursday for an indefinite period due to disputes between the management and the shopkeepers.....

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NRB stops printing polymer notes, No Rs. 25, Rs. 250 notes

Nepalmountainnews Report | |19 May 2009

Nepal Rastra Bank (NRB) has stopped printing polymer notes after two press runs as they didn't prove very popular with the public. The central bank had introduced polymer notes of Rs. 10 denomination on Sept. 30, 2002 and again on.....

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FNCCI flies first batch trainee workers to Japan

Nepalmountainnews Report | |15 May 2009

fnccibuild.jpg The six Nepali women trainees will fly to Japan this Sunday. Thanks to an agreement made between the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Japan Industrial Training Cooperation Organization (JITCO)......

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NOC signs agreement with IOC to build 41-km oil pipeline

Nepalmountainnews Report | |15 May 2009

india-nepal.jpg Nepali Oil Corporation (NOC) and India Oil Corporation (IOC) have agreed to build a 41-km oil pipeline between Raxaul of India and Amlekhgunj of Nepal. A joint meeting of the officials of NOC and IOC held in the capital......

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Another ATR-42 aircraft in Buddha Air's fleet

Nepalmountainnews Report | |11 May 2009

Buddha Air has added another ATR-42 aircraft to its fleet. According to the company, a new 47-seater ATR landed in Kathmandu on Saturday. ATR is a regional aircraft built in France and Italy by ATR Company....

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Govt appoints attaches in four major labour destinations

Nepalmountainnews Report | |7 May 2009

1govlogo.jpg The Ministry of Labour and Transport Management (MoLTM) has proposed Amal Kiran Dahal, Prakash Mohan Joshi, Parbati Aryal and Hire Devi Paudel as labour attaches for Malaysia, Saudi Arabia, the UAE and Qatar respectively, according to media reports. The four countries...

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Govt busts business firms for evading tax

Nepalmountainnews Report | |1 May 2009

The government has initiated action against business firms evading tax by not declaring their income under the Voluntary Declaration of Income Source scheme. The Inland Revenue Department (IRD) on Thursday raided about a dozen business firms.....

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Buddha Air, Alliance Francaise sign MoU

Nepalmountainnews Report | |25 Apr 2009

Buddha Air, Nepal's leading domestinc airline company, will hand over US$5 from the sales of each air ticket sold to French nationals - both expatriates and tourists - to Alliance Francaise, a Nepali-French cultural organisation in Kathmandu....

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MoneyGram meets with its Nepali agents

Nepalmountainnews Report | |17 Apr 2009

MoneyGram International, Inc., a global money transfer company, met with its Nepal agents on Thursday as part of its efforts to continue its global expansion. According to MoneyGram, it has taken Nepal as a......

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Govt sets rehabilitation centers for women workers in labour destinations

Nepalmountainnews Report | |8 Apr 2009

1govlogo.jpg The government has decided to set up rehabilitation centers in different countries where a sizable number of Nepali women are working. In the preliminary phase of the government initiatives taken to address the plight of women......

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