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Nepal

World Bank expects 5.1% growth for Nepal

World Bank expects 5.1% growth for Nepal

Wed, Oct 02, 2024

The World Bank on Wednesday projected a growth of 5.1 per cent for Nepal in the current 2024-25 fiscal year starting in mid-July, below the Nepali government's 6 per cent target.

Nepal to export additional 251 MW of power to India

Nepal to export additional 251 MW of power to India

Mon, Aug 19, 2024

Nepal is set to increase its power exports to India by 251 MW, sourced from 12 hydropower projects, following India's approval for cross-border trade. This expansion raises the total allowed export capacity to 941 MW across 28 projects. The move marks Nepal's first power export to Bihar and highlights its growing role as a key hydropower exporter in South Asia.

KP Oli appointed as Nepal's PM for fourth time

KP Oli appointed as Nepal's PM for fourth time

Mon, Jul 15, 2024

Chairperson of the Communist Party of Nepal (Unified Marxist-Leninist), KP Sharma Oli, was appointed the Prime Minister of Nepal for the fourth time on Monday at the President's office in Sheetal Niwas.

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NHPC keen on $2.5 billion Nepal power project after Chinese deal scrapped

NHPC keen on $2.5 billion Nepal power project after Chinese deal scrapped

Fri, Nov 17, 2017

Indian state power company NHPC Ltd is interested in bidding for a $2.5 billion power project in Nepal, its chairman told Reuters, after Kathmandu cancelled a deal with China Gezhouba Group Corp.

Nepal scraps $2.5 billion hydropower plant deal with Chinese company

Nepal scraps $2.5 billion hydropower plant deal with Chinese company

Tue, Nov 14, 2017

"The cabinet has cancelled the irregular ... agreement with Gezhouba Group to build the Budhi Gandaki hydroelectric project," Energy Minister Kamal Thapa, who is also the country`s deputy prime minister, said on Monday in a twitter post in Nepali after a cabinet meeting. He did not give further details.

State Bank of India eyes profitable expansion outside home

State Bank of India eyes profitable expansion outside home

Thu, Nov 09, 2017

State Bank of India (SBI) will open more branches in Nepal and consider options to re-enter Vietnam under a three-year goal to grow its international operations to as much as 15 percent of total business, a senior executive said.

Bajaj Auto hopes to rev up sales in FY18 after bumpy ride

Bajaj Auto hopes to rev up sales in FY18 after bumpy ride

Sun, May 21, 2017

After a rough ride last fiscal, Bajaj Auto spokesperson has said that the company hopes to improve its sales in fiscal year 2017-18 (FY18) on back of recoveries in both domestic and export markets.

BSIII ban: Commercial vehicle makers are set to suffer more than two-wheelers

BSIII ban: Commercial vehicle makers are set to suffer more than two-wheelers

Fri, Mar 31, 2017

Automobile industry experts have said the Supreme Court's recent decision to ban BS III vehicles has resulted in commercial vehicle and two-wheeler makers to offer heavy discounts on their vehicles.

Indian Oil to supply fuels to Nepal for five years

Indian Oil to supply fuels to Nepal for five years

Tue, Mar 28, 2017

India was discussing plans to supply gas to Nepal, Indian oil minister Dharmendra Pradhan said at the same news conference.

Danone to double India business by 2020, lines up 10 new products

Danone to double India business by 2020, lines up 10 new products

Mon, Jan 16, 2017

French nutrition and dairy major Danone plans to double its business in India by 2020 for which it will bring in more global brands into the country and has lined up ten new launches for this year.

Nepal to get Rs 1 billion in 100 rupee notes from India

Nepal to get Rs 1 billion in 100 rupee notes from India

Sat, Jan 07, 2017

The NRB`s plan to import Rs 100 denomination notes was delayed due to the Indian government`s move to demonetise Rs 500 and Rs 1,000 currency notes on November 8, reports said, adding the RBI had earlier told the Nepali counterpart to wait till the situation normalises.

NRIs can exchange old specified bank notes till June 30, other Indians till March 31: RBI

NRIs can exchange old specified bank notes till June 30, other Indians till March 31: RBI

Sun, Jan 01, 2017

The Reserve Bank of India (RBI) on Saturday said that it will introduce a facility for exchange of old specified bank notes (SBN) for Indian residents and non-residential Indians (NRIs), who were abroad from November 9 to December 30.

India's demonetisation drive drags down Nepal's economy

India's demonetisation drive drags down Nepal's economy

Thu, Dec 15, 2016

India`s scrapping of high-value bank notes last month has dragged down economic growth in neighbouring Nepal with trade, remittances and tourist numbers all down, BMI Research, a group company of the Fitch rating agency, said on Wednesday.

5.5 magnitude earthquake hits Nepal

5.5 magnitude earthquake hits Nepal

Mon, Nov 28, 2016

A moderate intensity earthquake measuring 5.5 on the Richter Scale shook Nepal in the early hours of Monday . According to the National Centre for Seismology, a unit of Ministry of Earth Sciences, the quake occurred at 5:05 am at a depth of 10 km.

Nepal's banking system holds banned Indian currency notes

Nepal's banking system holds banned Indian currency notes

Fri, Nov 11, 2016

Nepal`s banking system has held banned Indian currency (IC) Rs 500 and Rs 1,000 notes worth Rs 35 million ($524,737).

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