Economy

Seek experts’ advice to formulate policies: former minister Pandey

Kathmandu, Aug 23: CPN (UML) leader and former Finance Minister Surendra Pandey has said the government must introduce a cooperative policy at the earliest for management of the cooperatives. At the 19th Annual General Assembly (AGM) of Biswash Multi-purpose Cooperative Ltd on Tuesday here, Pandey warned that formulation of policies by excluding the opinions of the experts would result in introduction of weak policies. He stressed on the fact that the cooperatives must seek alternate avenues of investment to avoid risking people's money. Stating that the cooperatives have had huge impact on nation's economy, Pandey argued that the people must become entrepreneurs and businessmen for the country's economic

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PM Deuba’s India Visit: Food control and development projects top the agenda

Kathmandu, Aug 22: Deputy Prime Minister and Minister for Foreign Affairs Krishna Bahadur Mahara has said the agenda have been set for the bilateral talks with a view to making the Prime Minister Sher Bahadur Deuba's state visit to India successful. PM Deuba is embarking on a five-day state visit to India from tomorrow at the friendly invitation of his Indian counterpart Narendra Modi. PM Deuba’s spouse Dr Arzu Rana, Deputy Prime Minister and Minister for Foreign Affairs Krishna Bahadur Mahara, Ministers, lawmakers, government secretaries and high-ranking officials would accompany the PM, according to the Ministry of Foreign Affairs. DPM Mahara shared that the issues relating to inundation in areas in the Terai area, flood control, bilateral trade and development projects would

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Chairman Dahal-Chinese Ambassador meet

Kathmandu, Aug 22: Chinese Ambassador to Nepal, Yu Hong, has called on Chairman of the CPN (Maoist Centre), Pushpa Kanal Dahal 'Prachanda' today. During the meeting held at Dahal residence in Lazimpat, they discusses on various dimension of Nepal-China relation and recent Nepal visit of Chinese Vice-Premier. They also discussed on past agreements signed between Nepal and China as well as progress in their implementation, according to Dahal's Secretarait. The discussion was also held on One Belt One Road initiative forwarded by Chinese government. Nepal has already signed the OBOR

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Govt. commits to bringing RJP-Nepal on board polls: Minister Mandal

Biratnagar, August 7: Minister for Supplies Shiva Kumar Mandal has said that it would be a big achievement for the government if the disgruntled Rastriya Janata Party-Nepal participated in the third phase of local level elections. He said the government was committed to bringing the RJP-Nepal on board the polls while continuing activities initiated by erstwhile government in a bid to increase ownership of the new constitution. He also said the government was serious in holding elections—provincial and federal—within the stipulated timeframe (January 21, 2018). The minister was speaking at a programme organised here today by Press Centre Nepal to congratulate the minister. On land purchase row involving Nepal Oil Corporation (NOC), he said it seemed that the NOC purchased the land

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No artificial shortages during festival season: Supplies Minister

Kathmandu, August 4: Supplies Minister Shiva Kumar Mandal has said black marketing and artificial shortages would not be allowed under any circumstances, especially during the festival period. Speaking in the face-to-face programme at Reporters Club here today, he said the process for amending the related laws and Acts have been initiated with the aim of removing the existing legal hurdles for checking such malpractices. "The food supply and distribution would be eased during the festival months and discussions are being held with Nepal Food Corporation for transporting food grains to the remote districts," the Supplies Minister said, adding that efforts were on to contain the market price of goods and petroleum products. The Minister said that he has been taking information on the

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Commerce Minister pledges to focus on addressing trade deficit

Itahari, July 31: Minister for Commerce Meen Kumar Bishwakarma has pledged to take measures to improve the nation's economic situation. Addressing a programme organised in his honour at Tarahara of Sunsari Sub Metropolitan City-2 today, the Minister said Nepal was incurring loss in the area of trade and commerce and the government would give its focus on addressing such deficit. Market promotion at home and abroad for local products like ginger, Rudraksha, cardamom, Akabare (round) chilly, tea, coffee and dairy products would also be the special focus of the government, he added. Stating that the country would not see prosperity until taxpayers paid the tax happily, he said the policy of honouring taxpayers was

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