S.No. Names Operation Date (A.D.) Head Office Paid up Capital (Rs. '00 Thousands ) 1 Nepal Industrial Development Corporation 1959/06/15 Durbar Marg, Kathmandu 4158 2 Uddyam Development Bank Ltd. 1999/11/1 ...

The unbundling of Nepal Electricity Authority (NEA) has moved a step ahead with the Ministry of Finance (MoF) agreeing in principle to form a separate entity—National Grid Company (NGC)—to construct and manage transmission lines. According ...

The first finance related exhibition–Money Expo 2011–kicked off today at Army Officers Club. The expo is planned at being the largest finance and investment show in Nepal and the first ever event of its kind to focus on the promotion of in ...

Nepal Rastra Bank (NRB) has forbidden banks and financial institutions (BFIs) from taking any kind of service charge on deposits following complaints from depositors that their small savings are been reduced. An NRB circular issued on Mond ...

The World Bank has shown interest to invest in hydropower and transmission line development. During a meeting with the finance minister Barsha Man Pun here today at his office, representatives of the bank said that it is interested in inve ...

Here´s a good news for Kathmandu Valley commuters who are facing trouble in reaching to their destinations at night. The Kathmandu Metropolitan City (KMC) is all set to launch night bus service for Kathmandu and Lalitpur soon. The buses wi ...

The Ministry of Tourism and Civil Aviation (MoTCA) is studying possible ways to phaseout the casinos out of the Valley. “The ministry is forming a separate committee for a detailed technical and feasibility study of the shifting process af ...

A total of 38 percent of the country’s population now has bank accounts, up from 26 percent in 2006, the latest Nepal Rastra Bank (NRB) statistics have shown. The figure, however, does not represent the exact number of people having bank a ...

The Ministry of Energy (MoE) has decided to increase the capacity of the under-construction Upper Trishuli IIIA Hydropower Project to 90MW from the existing 60MW. However, the ministry has not held enough discussions with stakeholders, inc ...

The amount of Nepali money stashed away in Swiss banks has declined in 2011. According to ‘Banks of Switzerland 2011’ published by Swiss National Bank (SNB), Nepali deposits were worth Swiss francs 74.66 million (Rs 6.99 billion) in 2011, dow ...

China has agreed to provide two aircraft in grant for the Nepal Airline Corporation (NAC), while five others will be provided on soft loan basis. Chinese Ambassador to Nepal Yang Houlan, during his meeting with Finance Minister Barsha Man ...

Nepal Airlines Corporation (NAC) is working on its most ambitious plan yet to purchase six new aircraft worth $356 million to recapture its declining market share. As per the NAC new business plan that has been submitted to the Ministry of ...

KATHMANDU, Nov. 28 Tribhuvan International Airport (TIA) on Friday witnessed dark for an hour due to malfunctioning of the backup generator used during load shedding hours. Both domestic and international flights were disrupted as the gener ...

Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has proposed to observe the year 2012 as ‘Nepal Investment Year’. The federation proposed to introduce Nepal in the map of international investment, increase the investment i ...

Broadlink Network and Communication has launched the next generation Wi-Fi service (Broadlink Wi-Fi) and internet-based telephony service (Broadtel) for home and corporate customers. Both data and voice services will be available from Monday. ...