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Cement makers say denial of IS mark will hurt exports

Kathmandu, Feb. 1 -- Nepali cement makers are worried that they won't be able to sell their products in India as it has stopped issuing the IS mark to Nepali cement. The stamp certifies that the cemen... Read More


85 percent of flour mills shut after India restricted wheat export

Kathmandu, Jan. 27 -- The eight-month-long ban on the export of wheat by the Indian government has forced 80-85 percent of flour mills in Nepal to shut down. Flour producers said that the ban has als... Read More


Finance Minister to implement startup guidelines soon

Kathmandu, Jan. 24 -- Finance Minister Bishnu Prasad Paudel, on Monday, said he would soon implement the startup guidelines abandoned by the previous government. "We had provisioned Rs1 billion fund ... Read More


Auto dealers see rough road ahead despite end of curbs

Kathmandu, Jan. 23 -- Car dealers see a rough road ahead even though the central bank has made life easier by cancelling the margin amount provision. This provision requires importers to keep 100 per... Read More


Fewer farmers growing sugarcane because of payment hassles

Ka, Jan. 20 -- Sugarcane farmer Ashok Yadav of Rautahat used to plant the cash crop on 10 bighas till a few years ago, but now he does it on 1 bigha only. The constant hassle of getting payment from ... Read More


Sugarcane farmers suffer due to delayed minimum support price announcement

Kathmandu, Jan. 18 -- Sugarcane farmer Ashok Yadav got tired of waiting for the government to fix the minimum price for this year's crop, and decided to sell his harvest at last year's rate. Yadav ha... Read More


Government body proposes new standards for rolled oats

Kathmandu, Jan. 16 -- The Department of Food Technology and Quality Control has proposed new standards for rolled oats to protect public health amid growing consumption of the cereal in recent years. ... Read More


Kerung border reopening brings little joy to traders

Kathmandu, Jan. 15 -- Nepali traders had cheered when China allowed two-way trade to resume at the Rasuwagadhi-Kerung border last month, but they are finding out that the joy may have been premature. ... Read More


Interest rate on fixed deposits slashed to 11 percent

Kathmandu, Jan. 13 -- Nepali banks will be paying 1 percentage point less interest on fixed deposits from January 15. "Depositors will get 11 percent interest on their money," said Sunil KC, CEO of NM... Read More


Nepal opens door to foreign investment in digital payment system

Kathmandu, Jan. 9 -- The government has opened the door to foreign investors to participate in Nepal's digital payment system under a newly amended policy. The revised guideline issued on January 5 b... Read More