IFC, a member of the World Bank Group, has released the first in-depth analysis of Nepal’s innovative benefit sharing policy that allows communities to invest in hydro power projects through the purchase of ‘local shares’. The report recommends more community education and improved regulation to maximize opportunities for investors while protecting them from undue risk.
Federation of Nepalese National Transport Entrepreneurs has demanded rollback of the decision to hike petro product price. Issuing a press release on Tuesday evening, Federation Chairperson Yogendranath Karmacharya called for the government to withdraw price hike in view of festive season.
Finance Minister Dr Yuba Raj Khatiwada has said the economic indicators of the first two months of the current fiscal year were positive.
Vice President Nanda Bahadur Pun has insisted on collective efforts among the State, government and the stakeholders concerned to economically empower women.
Nepali Congress (NC) President Sher Bahadur Deuba has said the recent fourth BIMSTEC (Bay of Bengal Initiative for Multi- Sectoral Economic and Technical Cooperation) Summit was concluded successfully.
Prime Minister KP Sharma Oli has said prosperity in the Bay of Bengal Initiative for Multi Sectoral Technical and Economic Cooperation is possible through combined efforts and collaborations among the member states.
Prime Minister KP Sharma Oli has said that the vision, commitment and action of the BIMSTEC will have an impact on global political and economic order. Inaugurating the fourth BIMSTEC Summit in the capital on Thursday, he said the summit brings together a resolve of their leaderships -- a resolve for progress and prosperity; and for sustainable development.
SAARC Secretary General Amjad Hussain B Sial said agricultural cooperatives can be an effective instrument in tackling the formidable challenge of poverty in the SAARC region.
The Nepali Congress has begun interaction with mayors and deputy mayors elected on the party ticket about taxes levied by the local government and other issues.
A meeting of the senior officials, including the Foreign Secretaries, of the member countries of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is taking place here on Tuesday in preparation for the regional group's 4th Summit conference.
In its bid to promote self-employment and entrepreneurship development in the country, the government is to provide investment opportunities to some youth even by providing collateral free amount in loan investment.
The Fourth Summit meeting of the Heads of State/Government of Member States of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) will be held in Kathmandu on August 30 and 31. Nepal has assumed the Chairmanship of BIMSTEC after its Third Summit meeting held in Nay Pyi Taw, Myanmar in March 2014.