Foundation stone laid for bridge in Bhaktapur

A bridge linking Madhyapur Municipality-4 in Thimi and Suryabinayak Municiplaity-4 in Dhadhikot has been inaugurated here today. Lawmaker Mahesh Basnet laid the foundation stone for the bridge to be built over the Hanumante River. At the inauguration programme organized by Madhyapur Thimi Municipality and Suryabinayak Municipality, lawmaker Basnet shared around a dozen of bridges was
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RASTRIYA SAMACHAR SAMITI  The Nepal Electricity Authority (NEA) has, in the first five months of the current fiscal year, signed the power purchase agreement (PPA) with 52 hydropower projects. According to NEA Spokesperson Prabal Adhikari, the total capacity of such projects is 1,051 megawatts. All of the projects are private sector investments, and their promoters
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The Directorate of Revenue Intelligence, India, has arrested two Nepalis with 33 kilograms of undeclared gold from West Bengal, which Nepali authorities said could be the precious metal that had disappeared mysteriously. The DRI said, “On the basis of specific intelligence, its officers intercepted a Maruti Swift VXI car with two occupants — Nepali citizens
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Prime Minister KP Sharma Oli has unveiled the contribution-based social security scheme for formal sector workers amidst a special programme in the capital city today. According to the Ministry of Labour, Employment and Social Security, the scheme will compulsorily be applied for formal sector workers and the government will soon launch the scheme for informal
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A 4-kilometre-long tunnel of the under-construction Nyadi Hydropower Project at Marshyangdi rural municipality has been completed by the project’s contractor Zhejiang Hydropower Construction and Installation Company (ZHCIC). According to Project Chief Uttam Amatya, the tunnel was built over 16 months since the inception of the project. At present, a 776-metre-long pen-stock pipe is also being
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Industrialist Rakesh Agrawal has been arrested by the police on charges of not paying sugarcane farmers. He was arrested today by Kathmandu Police from Tripureshwor. Agrawal is the proprietor of the Indira Sugar Mill and Agro Pvt Ltd, Nawalparasi and the Annapurna Sugar Mill Pvt Ltd, Sarlahi. His Nawalparasi-based industry is yet to pay Rs
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The government’s expenditure in the first quarter of the current fiscal was less than the revenue collection. Inability to spend even the revenue that was collected has provided a cushion of the budget surplus to the government. As per the Financial Comptroller General Office, the government spent Rs 193.71 billion in the first quarter (mid-July
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A U.N.-backed fund has approved more than $1 billion for 19 new projects to help developing countries tackle climate change, officials said Sunday. During a four-day meeting in Bahrain that ended late Saturday, officials overseeing the Green Climate Fund also agreed to start seeking fresh money next year as its initial capital of about $6.6
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Asian markets were mostly higher Monday as Chinese benchmarks rallied after officials put a positive spin on the country’s slowing economy. KEEPING SCORE: The Shanghai Composite index jumped 4.2 per cent to 2,656.87 and the Hang Seng in Hong Kong surged 2.4 per cent to 267,178.16. Japan’s Nikkei 225 index reversed early losses, gaining 0.6
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China will build a railway connecting the western region of Tibet with Nepal, the China Daily reported on Friday, one of several bilateral deals signed during Nepali Prime Minister Khadga Prasad Sharma Oli’s visit to Beijing. The link will connect the Tibetan city of Xigaze with Nepal’s capital, Kathmandu, the China Daily reported. The two
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