Kathmandu, October 6 The Nepal Stock Exchange (NEPSE) index rose 11.96 points to close at 2,578 points on Tuesday. Trading turnover, however, declined slightly. Shares worth Rs 3.13 billion were traded on Tuesday, down from Rs 3.27 billion on the previous trading day. The prices of 169 companies increased, while those of 95 companies declined. […] The post NEPSE gains 11.96 points, turnover declines appeared first on OnlineKhabar English News.

Kathmandu, October 6 The Matatirtha-Chobhar section of the Thankot-Chapagaun-Bhaktapur 132 kV transmission line project has been completed, a key development aimed at strengthening and improving the reliability and quality of electricity supply in Kathmandu Valley. The approximately six-kilometre 132 kV transmission line from the Matatirtha substation to the Chobhar substation will be charged from Friday. […] The post Matatirtha-Chobhar 132 kV transmission line completed appeared first on OnlineKhabar English News.

Kathmandu, October 6 The World Bank has projected that Nepal’s economic growth will slow in the current fiscal year due to the Rasuwa floods on August 26. It has estimated that disruptions in the industrial and services sectors caused by the floods will bring economic growth down to 3.7 per cent. According to the World […] The post Rasuwa floods to cut Nepal’s economic growth to 3.7 per cent: World Bank appeared first on OnlineKhabar English News.

Kathmandu, October 6 Infrastructure Development Minister Sunil Lamsal has said bids will be invited before Dashain to rebuild structures damaged in the Bhotekoshi–Trishuli flood, and that efforts will be made to rehabilitate displaced people. He also said the process of amending existing laws is moving ahead so that infrastructure is built in a way that […] The post Tenders for flood-damaged structures before Dashain, efforts to rehabilitate displaced people, says Minister Lamsal appeared first on OnlineKhabar English News.

Kathmandu, October 6 Recent floods, landslides and climate-related disasters have caused preliminary damage worth Rs 227 billion to the country’s infrastructure. Padma Kumar Mainali, secretary at the Ministry of Infrastructure Development, gave the figure at a meeting of the Parliamentary Special Committee on the Impact of Climate Change in the Himalayas, Climate Justice and the […] The post Disaster damage to infrastructure Rs 227 billion, Rs 63 billion sought immediately for reconstruction appeared first on OnlineKhabar English News.

Kathmandu, October 2 Kamalesh Kumar Agrawal, president of the Nepal Chamber of Commerce, has said necessary legal and policy reforms are needed by prioritising infrastructure development to enhance Nepal’s competitiveness and promote economic development. Agrawal made the remarks at a workshop on legal reforms for investment and development organised by the Ministry of Infrastructure Development […] The post Legal reforms, clear policies needed for infrastructure development: Chamber appeared first on OnlineKhabar English News.

Kathmandu, October 2 Under the Taxpayer Incentive Gift Program, the government on Friday announced the prizes for 1 to 15 Asoj. According to the new announcement, Lal Babu Sah Kanu of Parsa has won the 15-day bumper prize of Rs 1 million. Kanu was selected based on a Rs 21,000 lube oil purchase. At an […] The post Lal Babu Sah Kanu wins Rs 1 million in taxpayer incentive draw appeared first on OnlineKhabar English News.

The stock market fell in double digits on Friday, the week’s final trading day. NEPSE said the market fell 11.90 points to close at 2,587.25. The market fell 0.45 percent today. Friday’s turnover exceeded Rs 4 billion. A total of 1,19,12,550 shares were traded through 43,685 transactions across 356 listed securities. These transactions amounted to […] The post Stock market falls double digits, turnover tops Rs 4 billion appeared first on OnlineKhabar English News.

Kathmandu, October 2 Minister for Industry, Commerce and Supplies Deepak Kumar Sah has clarified that market monitoring is not intended to intimidate businesses. Speaking at a discussion of the National Assembly’s Development, Economic Affairs and Good Governance Committee on Friday, Sah said businesses would be fined if irregularities were found during market monitoring, regardless of […] The post Market monitoring not aimed at intimidating businesses, says Minister Sah appeared first on OnlineKhabar English News.

Mustang, October 2 Containers laden with goods imported from China have been halted at Nhechung Customs in Lomanthang Rural Municipality-4, Korala, with the Beni–Jomsom–Korala road, a national pride project, blocked at various points after heavy rainfall. The floods, landslides and river erosion caused by heavy rainfall since last Saturday night inflicted damage to the Beni–Jomsom–Korala […] The post 50-plus containers halted at customs after Korala road disruption appeared first on OnlineKhabar English News.