NEWS

Nepal has inched up five notches to 22nd position in the 2018 Inclusive Development Index (IDI) of World Economic Forum (WEF) among 74 emerging economies.Nepal, which was ranked 27th in last year's report, showed a remarkable improvement over the last five years in the index which is an annual assessment of economic performance of 103 countries…

More than 250 new users were connected to the internet every hour last year, the Nepal Telecommunications Authority (NTA) said. Thanks to a mobile phone boom, a vast majority of Nepalis now have access to a phone and internet connection.According to the NTA’s Management Information System (MIS), 2.25 million new users were connected to the…

Though Qatar is facing an economic blockade from a few neighbouring countries that have also cut diplomatic ties with the natural gas-rich nation, Nepali migrant workers have chosen Qatar as the top destination after seven months.A total of 8,595 Nepali migrant workers reached Qatar in the month between mid-November and mid-December. Similarly,…

The Nepal Electricity Authority (NEA) and Vidhyut Vyapar Nigam (NVVN) Limited of India signed a renewal agreement of power purchase up to 29 March 2018.NEA Executive Director Kulman Ghising and NVVN Chief Executive Officer AK Gorg signed the power purchase renewal agreement at Energy Ministry in New Delhi of India today.A high-level team…

Disputing claims of ‘undeclared load-shedding’ since the last few days, Nepal Electricity Authority (NEA) today said that the power utility has been supplying power as per demand.Issuing a press statement, NEA Managing Director Kulman Ghising, who is famed for eliminating load-shedding from the country, sought to assure Nepalis that there will…

Tribhuvan International Airport (TIA) witnessed robust passenger and aircraft traffic growth in the first nine months of 2017 despite infrastructure bottlenecks.According to TIA data, 2.74 million travellers passed through the country’s only international airport as of the third quarter of 2017, up 9.59 percent year-on-year.Aircraft movement…

Vivo, a Chinese cell phone manufacturer, unveiled a new member of its V series of phones, Vivo V7, in Nepal on Monday. The smartphone will be available in the domestic market from December 3.Although Vivo is yet to fix the price of the new phone for the Nepali market, one of the authorised distributors of the phone said it would cost less than…

Nepal's second aviation museum has officially opened its doors for visitors.Bed Upreti Trust officially launched the aviation museum in the presence of officials of the Civil Aviation Authority of Nepal (CAAN) on Sunday.The museum had organized a soft-launching ceremony on November 4, allowing students free entry to the second aviation museum…

Two dozen international airlines operating in Nepal have yet to pay around Rs 2.5 billion to  Tribhuwan International Airport (TIA) for using various services at Nepal's only international airport.The airlines have for a long time not paid TIA the service charges that they collect from air passengers and other fees, such as for airport…

Nepal’s energy sector, which is still feeling the pangs of this week’s cancellation of biggest hydropower development agreement, has received a much-needed shot in the arm with the signing of a major deal with a leading Chinese firm that would almost double the country’s electricity generating capacity.Nepal Electricity Authority (NEA), the…