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Page last updated at 2014-04-23 22:28:01 RSS
  NOC Pays Rs 5.82 Billion To IOC
    KATHMANDU, April 23: Nepal Oil Corporation (NOC) released Rs 5.82 billion to Indian Oil Corporation (IOC) over the past two days.

The amount was released to clear the petroleum import bill for the month of February, according to NOC officials.

  Slow Capital Expenditure Worries Donors
    KATHMANDU, April 23: Country´s development partners have expressed dissatisfaction over slow capital expenditure and the government´s weak performance in executing development projects.

The government is losing absorption capacity because of weak institutional capacity of implementing agencies, according to Johannes Zutt, country director of the World Bank. He further argued that Nepal´s economy is suffering from long political transition and that it needs to go on high growth as post-conflict dividend.

  French Delegation In Kathmandu
    KATHMANDU (REPUBLICA): A delegation of French businessmen is in Kathmandu to hold talks with the government officials for exploring trade and investment opportunities in Nepal.

The team comprises of top officials from different companies of France specializing in sectors like transportation, construction, information technology and hydropower, among others.

  Lords Hotels And Resorts Enters Nepal
    KATHMANDU, April 23: Indian hotel chain Lord Hotels and Resorts has started operation in Nepal.

Lord Hotels and Resorts has invested Rs 200 million in Battisputali-based Mirage Lords Inn.

  Investment Board Meeting Ends Inconclusively
    KATHMANDU, April 23 : The meeting of Investment Board Nepal (IBN) ended inconclusively on Wednesday, as officials of both IBN and the Ministry of Energy (MoE) staked claim to implement four mega hydropower projects and some transmission lines project.

The meeting was chaired by Prime Minister Sushil Koirala.

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