NEWS

Nepal’s only international air passenger gateway Tribhuvan International Airport (TIA) is in the final stages of installing common user terminal equipment (CUTE) that will enable integrated passenger check-in and e-ticketing for all online airlines. According to the Civil Aviation Authority of Nepal (CAAN), construction of counters has begun…

State-owned Dairy Development Corporation (DDC) has asked for the government’s go-ahead to expand its ongoing Gai Mai programme to 60 districts. Following the success of the pilot project launched in nine districts last year, the dairy regulatory body has sought a budget of Rs 50 million from the government to expand the scheme. Gai Mai is a…

In the history of last one hundred years of the country's electricity generation, an average electricity generation stands at a mere 6.44 Mega Watt per year, whereas according to traditional estimation of Nepal Electricity Authority (NEA), demand for consumption has been increasing by 12 per cent every year, according to the experts.…

After two years of successful operation at City Centre, Kamal Pokhari, Mega Mart, has opened the Big Mart Department Store in Lazimpat, Kathmandu. The new outlet has been opened in the space previously occupied by the Bluebird Department Store. The company has invested Rs 50 million in the project. The store is spread over 19,000 sqft in a…

Despite the economy not faring well, the country has achieved some success in social sectors in the fiscal year (FY) 2010-11. The Economic Survey 2011, presented in the Legislature-Parliament on Thursday, shows the average income of a Nepali has increased this year. It says Nepal’s per capita income jumped to $645 (Rs 46,020) this FY, up from…

World renowned brand in denims Levi Strauss has opened an authentic branch in in Durbar Marg, Kathmandu today. “We are the exclusive Levi’s store in Nepal and are franchising from India,” said Director of Roots Fashion Sunil Dangol guaranting only authentic Levi’s products in the store. The price ranges from Rs 2,500 to Rs 9,000 for the more…

Domestic drug manufacturers have cast their eyes overseas for growth and four of them have received the certificate of pharmaceutical product (CPP), one of the pre-requisites for obtaining an export licence from the Department of Drug Administration (DDA). According to the DDA, Lomus Pharmaceuticals, Deurali-Janata Pharmaceuticals, Elder…

Minister for Tourism and Civil Aviation Khadga Bahadur Bishwakarma on Monday said that construction of the second international airport at Nijgadh will start from the next fiscal year. The government has given top priority to the construction of the airport in the next fiscal year’s budget, Minister Bishwakarma said. "The government is thinking…

The World Bank (WB) has approved a $99 million package for the Nepal-India Electricity Transmission and Trade Project (NIETTP) to help Nepal mitigate the ongoing energy crisis. The project will provide Nepal at least 100 MW of additional electricity to supplement its current electricity generation capacity of 698 MW and help minimise power…

Cultivable land has been decreasing in Kathmandu Valley owing to growing population in Bhaktapur, Kathmandu and Lalitpur. Rapidly growing urbanisation in all the three districts of Kathmandu Valley has converted tillable land into housing area, posing a big challenge to infrastructural-development. According to District Agriculture Development…

Collection of vehicle taxes has increased despite a slowdown in auto sales and registrations. According to the Department of Transport Management, tax collection in the first seven months of the fiscal year rose 16.51 percent to Rs 1.87 billion from Rs 1.61 billion in the same period last year. The department has attributed its increased…

The Annapurna Area, which used to be one of the main attractions for foreign tourists in Nepal, has now also started attracting internal tourists with increased numbers of Nepalis visiting different tourist destinations on the Annapurna trekking route. Ghandruk, Annapurna Base Camp, Ghodepani and Birethanti, among others, have witnessed a good…

Nepal Telecommunications Authority (NTA), the regulatory body of telecom sector, has prepared a 10-year long-term plan to develop, expand and regulate telecom services effectively. The ten-year plan has incorporated a wide range of issues including service quality, service availability, and spectrum management to introduce efficient, equitable…

In a major development, India has agreed to allow Nepal to import LPG (cooking gas) from third country and scrap the Duty Refund Procedure (DRP). India has also agreed to allow Nepal to use its facility at Haldiya port near Kolkata to mix essential hydrocarbons that is propane and butane from third country to prepare LPG. The facilities at…

Nepal Telecommunications Authority (NTA) is mulling to utilise digital dividend for the operation of fourth generation (4G) mobile service, said NTA director Ananda Raj Khanal. “The dividend is being used and purposed for the 4G mobile,” Khanal said, adding that Ministry of Information and Communication (MoIC) has formed a committee to study the…

The Direction Exhibition and Convention Centre (DECC) and Alpabiram in association with the Advertising Association of Nepal (AAN) are scheduled to hold Ad & Media Expo 2011 from April 8-10 at DECC at the United World Trade Centre, Tripureshwor. According to the organisers, the event aims to create awareness among people associated with…