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Farmers urge government to continue chemical testing on imported farm produce

Kathmandu, July 14 -- Farmers on Saturday urged the government to continue checking imported vegetables and fruits for pesticide residues, saying that the move will safeguard consumers and help boost ... Read More


Court orders government to continue pesticides test on imported farm produce

Kathmandu, July 11 -- The Supreme Court on Wednesday issued a stay order against the government move to revoke the testing of pesticide residues on agriculture produce imported from India. The court ... Read More


Government capital spending dismal yet again

Kathmandu, July 11 -- The government has spent only 57 percent of the budget allocated for development purposes as the current fiscal year draws closer. Like usual, the last hour spending has also con... Read More


Nepal Oil Corporation to construct fuel storage plant in Surkhet

Kathmandu, June 30 -- Nepal Oil Corporation has stepped up to construct a fuel storage plant in Surkhet, giving momentum to its plan to a construct storage holding 90 days worth of fuel in all seven p... Read More


Investors doubt central bank's ability to introduce effective monetary policies

Kathmandu, June 30 -- Nepal Stock Exchange last week shed 7.2 points to close at 1,257.16 points, as investors continued to lose confidence in the central bank and their upcoming monetary policy. Inve... Read More


Two traders charged with tax evasion

Kathmandu, June 28 -- The Department of Revenue Investigation has filed cases against two traders for tax evasion. The department has accused Lumbini Pan Masala and Surti-Gutkha Udhyog for not using ... Read More


Trade deficit surges 17.4 percent year-on-year to Rs1.21 trillion

Kathmandu, June 28 -- Nepal's trade deficit in the first 11 months of the fiscal year 2018-19 reached Rs1.21 trillion on soaring import bills. The statistics of the Department of Customs show that th... Read More


Government scrambles to speed up spending as fiscal year end nears

Kathmandu, June 26 -- The government has transferred more than Rs5 billion to new budgetary headings as it scrambles to speed up spending at the tail end of the fiscal year. Expenditure usually gets b... Read More


Gasoline could start flowing through the new pipeline next month, say officials

Kathmandu, June 25 -- Gasoline could start flowing through the newly-built cross-border pipeline next month. Nepal's first oil pipeline is likely to become operational as soon as next month since the ... Read More


Investors in wait-and-watch mode

Kathmandu, June 23 -- Nepal Stock Exchange shrank 5.27 points to close at 1,264.36 points last week, as investors remained in a wait-and-watch mode, expecting the market to surge with the beginning of... Read More