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After 18 years, GMR proceeds with Upper Karnali hydropower works

Kathmandu, July 18 -- Nearly two decades after it was first proposed, Indian multinational conglomerate GMR has finally started the process for construction of the 900-megawatt Upper Karnali Hydropowe... Read More


Kailash pilgrims breathe new life into Nepal's mountain economy

Nepal, July 14 -- Kailash Patel had waited years for this moment. Standing at the edge of the windswept tarmac in Simkot, a remote airport in northwestern Nepal, he looked tired but elated. "After a ... Read More


Central bank cuts interest rates to boost credit, investment

Kathmandu, July 12 -- KEY POLICY ANNOUNCEMENTS Benchmark policy rate cut from 5 percent to 4.5 percent. Upper limit of the interest rate corridor reduced to 6 percent. Deposit collection rate lower... Read More


Nepal set for pilgrim influx as Kailash yatra resumes

Kathmandu, July 11 -- Nepali tourism entrepreneurs this year expect to cater to at least 25,000 Indian pilgrims embarking on the revered Kailash Manasarovar yatra in Tibet, China. After improved diplo... Read More


Ministry revises draft bill on airline liability and insurance

Kathmandu, July 5 -- The Ministry of Culture, Tourism, and Civil Aviation has revised the draft bill governing domestic airlines' liability and insurance responsibilities, and invited public feedback ... Read More


UK executive gets US probation in Nepal Airbus purchase scam

Kathmandu, July 4 -- based executive at AAR Corp-the aviation services firm that supplied two Airbus A330 jets to Nepal Airlines-has been sentenced to three years of probation for his role in a foreig... Read More


Gulmi turns the tide on sugarcane farming

Gulmi, June 24 -- In the quiet hills of Gulmi's Rurukshetra Rural Municipality lies Thorga, a village with a 150-year-old legacy of sugarcane cultivation. Here, Kamala Marasini tends to her five ropan... Read More


Forests, parks and ponds can help cool Capital by up to 1.6degC, study finds

Kathmandu, June 19 -- Urban forests, parks and ponds could reduce temperatures in the Kathmandu valley by as much as 1.6 degrees Celsius if they are strategically managed, according to a new study pub... Read More


Nepal's record Rs1.96 trillion budget makes bold promises amid a bleak outlook

Kathmandu, May 30 -- minute agreement with opposition parties, which decided not to disrupt the budget announcement, Finance Minister Bishnu Paudel presented a significantly expanded annual financial ... Read More


Everest in five days: British team's speed climb triggers probe

Kathmandu, May 22 -- Four former British special forces soldiers have set a startling new precedent on Mount Everest, reaching the summit in under five days without the traditional acclimatisation pro... Read More