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India blocks Nepal trade route

Kathamndu,October 1 (CNS)----Nepal, a landlocked country that heavily depends on border trade with India for supplies, is facing severe shortages in essential supplies including petrol, diesel,...

200,000 KENYANS TO BENEFIT FROM WIND-GENERATED ELECTRICITY

Kathmandu, August 12 (CNS) -- More than 200,000 Kenyans living in marginalized areas far from the national electricity grid are set to benefit from cheap wind-generated...

STRONG QUAKE STRIKES FIJI ISLANDS REGION

Kathmandu, Nov 2 (CNS) -- A strong earthquake, measuring 6.6 on the Richter Scale, occurred in the Fiji Islands region early Sunday, the Malaysian Meteorological Department...

Australia bushfires rage out of control

There are fears in Australia that a number of bush fires will merge to form a "mega blaze" that could threaten Sydney itself. Forecasters say strong winds and rising temperatures...

Business 360 ̊

Whopping growth in imports shades Nepal's macroeconomic look

Whopping growth in imports shades Nepal's macroeconomic look

Kathmandu, August 16 (CNS) -- The soaring merchandise imports in the last fiscal year 2012/13 which accounted to almost one third of the total Gross Domestic...

Merger trims down BFIs, each branch covers 8475 people

Merger trims down BFIs, each branch covers 8475 people

Kathmandu, August 17 (CNS) --  Total number of bank and financial institutions licensed by Nepal Rastra Bank (NRB) dropped to 254 in mid-July 2013 from 266...

IPPAN bags Hydro Nepal- Excellency Award, 2013

IPPAN bags Hydro Nepal- Excellency Award, 2013

Kathmandu, November 27 (CNS) -- The Hydro Nepal-Excellency Award, 2013 is conferred upon the Independent Power Producers' Association, Nepal (IPPAN) in recognition of its outstanding and...

NEPSE INDEX

Nepal to allow local currency bond issuance by November 2013

Nepal to allow local...

Kathmandu, August 16 (CNS) -- Seeking the introduction of new fundraising instrument for infrastructure development, Government of Nepal is likely to bring a new policy by...

Investment Round-table

Corporate Nepal

HBL opens Betrawati branch

HBL opens Betrawati branch

Kathmandu, August 4 (CNS) -- Mr. Prachanda Bahadur Shrestha, Member of BOD of Himalayan Bank Limited today inaugurated Bank’s Betrawati Branch amidst a function.

Himalayan Bank Limited launches the Himalayan Bank American Express® Gold Credit Card

Himalayan Bank Limited launches...

Kathmandu, August 1, (CNS) -- Himalayan Bank Limited, Nepal’s leading commercial bank and American Express today announced the launch of Himalayan Bank American Express Gold Credit...

Video

Development

Infrastructure; Crux to Change

Infrastructure; Crux to Change

    ''Infrastructure investment spending will create about 18 thousand total jobs for every USD 1 billion in new investment spending, including direct, indirect, and induced jobs.'' ― Associate Research Professor James Heintz and et al. have found in their study, 'How Infrastructure Investments Support the U.S. Economy: Employment, Productivity and Growth' (Political Economy Research Institute: 2009).

Science & Tech

Entertainment

Bollywood's 'Chennai Express' smashes Indian box office records

Bollywood's 'Chennai Express' smashes Indian box office records

Mumbai, September 03 (CNS) -- Bollywood movie "Chennai Express", starring Shah Rukh Khan, has smashed box office records in just 21 days since it opened to become the most profitable movie in India, data showed Friday.

More News

CHINA TO SPEED UP ECONOMIC REFORMS IN NINE AREAS IN 2015

Kathmandu, December 12 (CNS) -- China will accelerate reform in nine areas next year, including the capital market and market access for private banks, according to the Central Economic Work...

SMART FUTURE TECHNOLOGY IN FIGHT AGAINST CRIME

  kathmandu,16 April(CNS)  -- INTERPOLWorld exhibition in Singapore on April 14, 2015. The concept of Connected First Responder by Motorola Solutions was revealed at the Interpol World Congress in Singapore.

Nepal and Oli are competing for party’s chairmanship

Kathmandu,July 10 ( CNS) -- Chief Election Commissioner Neel Kantha Uprety said the Election Commission is ready to train the representatives of the CPN-UML which is set to hold the...

HONG KONG AUTHORITIES CLEAR PART OF ADMIRALTY PROTEST SITE

HONG KONG AUTHORITIES CLEAR PART OF ADMIRALTY PROTEST SITE

Kathmandu,November 19(CNS)-- Pro-democracy protesters and police clash near Hong Kong's Admiralty, the main occupation site where government headquarters are located, early on Nov 19, 2014.

List of new and extended train services introduced in Rail Budget

Kathmandu,July 8 (CNS)-- As many as 58 new trains, including five new 'Jansadharan' trains and an equal number of premium group of trains have been proposed in the Rail Budget...

HIROSHIMA MARKS 69TH ANNIVERSARY OF ATOMIC BOMBING

Kathmandu,August 6 (CNS)--- People offer prayers at the Peace Memorial Park in Hiroshima, western Japan at 8:15 a.m.

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Cartoon

E-Paper

Opinion

Politicians shine brighter than gold in India

New Delhi, May31--Move over Warren Buffet. The Indian politician is here to give you a run for your money with his ability to grow his net worth despite a weak economy.

Will Capitalism Continue ?

Will Capitalism Continue ?


The future of capitalism is again in question – will it survive amid the ongoing crisis in its current form ? If not, will it transform itself to some extent or will government take the lead ?

How South Asia can be a fulcrum of growth ?

SAARC is the only regional organization at the governmental level for the 8 member countries to chalk out their differences and promote welfare of the people, to improve quality of their life and accelerate economic growth.

Analysis: Disney goes to Infinity to turn around gaming unit

Analysis: Disney goes to Infinity to turn around gaming unit

Los Angeles, June 11 (REUTERS) -- When Walt Disney Co introduced its latest video game, Infinity, to the gaming faithful this week at the annual E3 gaming conference, it rented a Los Angeles movie theater to show 30-minute clips of upcoming films and hosted a party with the glitz it usually reserves for its blockbuster movie wannabes.

Pakistan’s electricity crisis : Long, hot summer

The first task for Pakistan’s new prime minister is to keep the lights on

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Interview

Why proposed new FITTA is essential for Nepalese economy ?

Why proposed new FITTA is essential for Nepalese economy ?

 
Shankar Prasad Koirala
Minister for Finance, Industry, Commerce and Supplies

Why proposed new FITTA is essential for Nepalese economy?

Why proposed new FITTA is essential for Nepalese economy?

Binod Kumar Chaudhary
President Emeritus
Confederation of Nepalese Industries (CNI)

What are the measures Nepal should adopt to curb ever-increasing trade deficit ?

What are the measures Nepal should adopt to curb ever-increasing trade deficit ?

Rajendra Kumar Khetan
Chairperson, Khetan Group
An Expert on International Trade Relations

‘'Insurance has not benefited impoverished people yet Needy people are not insured'’

‘'Insurance has not benefited impoverished people yet Needy people are not insured'’

Beema Samiti, one of the major financial regulators in Nepal is though mulling over strengthening and expansion of insurance sector, it is often criticised for ineffectual role in promoting corporate good governance and public awareness as it should be. While the process of amendment in the existing insurance law is underway, Talking to The Economic System, Dr. Phatta Bahadur KC, chairperson, Beema Samiti has explained how he will act necessarily to benefit the deprived sector through insurance. Excerpts are presented here ‒

We will offer dividends by the end of  2015/16

We will offer dividends by the end of 2015/16

"Our key focus area will be trade financing and branchless banking using more and more point of sales lowering the cost of fund alongside. We will be one of the best Nepalese financial service providers in a first half of the coming decade."

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