Buddha Air begins Ktm-Varanasi flight

Jul 1, 2018-Private carrier Buddha Air on Friday started scheduled commercial flights to Varanasi of India in a bid to cash in on growing religious tourism market between the two countries. Varanasi lies in the Indian state of Uttar Pradesh and is regarded as a holy city by Hindus, Buddhists and Jains. The flights will
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The Nepal Electricity Authority (NEA) on Friday signed its first ever power purchase agreement (PPA) with a storage type hydropower project. The state-owned power utility sealed a deal with its subsidiary Tanahu Hydropo- wer Limited (THL) which is developing the 140 MW Tanahu Hydropower Project. The reservoir type project is being built on the Seti
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Jul 1, 2018-Heritage buildings, jungle safaris, adventure trekking and mountaineering are major tourist attractions in Nepal, but now, the government has piloted an agro tourism village offering vacations in farms to attract more tourists. Few private firms like Banana Resort in Tikapur, Ostrich Nepal in Rupandehi and some tea farms in Ilam have been successful
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Investors in the country’s only stock market lost Rs174.19 billion in the last two months due to a sharp fall in market capitalisation at the Nepal Stock Exchange (Nepse) after share prices went into free fall. On Wednesday, market capitalisation stood at Rs1,419.99 billion, down from Rs1,592.62 billion on April 26, according to Nepse. Market
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Finance Minister Yubaraj Khatiwada refuted charges that market prices had gone up because of the budget. The price increases seen recently in the market are artificial, and have nothing to do with the government budget, he said Thursday. Prices of essentials shot up following the release of the annual financial plan on May 29 ostensibly
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The Nepali rupee plunged to a record low on Thursday, with the Nepal Rastra Bank (NRB) — the country’s central bank, fixing the exchange rate at Rs110.37 per US dollar for Friday. The Nepali rupee’s freefall is an effect of the steady depreciation of the Indian rupee with which it is pegged. Earlier, the rupee
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Nepal Airlines Corporation (NAC), the national flag carrier, has purchased a wide-body aircraft for the first time. The airbus A330-200 landed at the Tribhuvan International Airport (TIA) from France on Thursday morning. The airbus having a seat capacity of 274 has 18 business class seats. The airbus with registration number 9N ALY has been named
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Apr 10, 2018-The Melamchi Water Supply Project is poised for a major breakthrough with the 27.5-km tunnel digging work likely to be completed soon. Only a 7.5-km Sindhu-Gyalthum stretch—the last leg of the tunnel—remains to   be dug in the multi-billion project. The tunnel will deliver water from Melamchi River in Sindhupalchok to Kathmandu. Information Officer
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SYDNEY – The Commonwealth Bank Monday agreed to the largest civil penalty in Australian corporate history to settle claims it breached anti-money laundering and counter-terrorism financing laws. The Aus$700 million (US$530 million) fine — which is subject to court approval — comes after mediation between the nation’s biggest lender and the country’s financial intelligence agency
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Mahendranagar, Dhanusa – Police have shut three petrol stations in Mahendranagar on the charge of creating artificial scarcity of petroleum products and overcharging customers. The petrol stations that faced action are Vi Oil at Zero Mile, Baba Petrol Pump at Mujeliya and Janakpur Diesel Centre. The shutdown follows a raid on Monday night by Minister
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