Page last updated at 2014-10-30 17:50:38 RSS
  BUSINESS & ECONOMY
Nepal-Korea Sign Framework Agreement For Grant
Myrepublica
KATHMANDU, Oct 30: The government of Nepal and the government of the Republic of Korea have signed a Framework Agreement for Grant at the Ministry of Finance on Thursday.

The objective of the agreement is to specify terms and procedures of grant aid programs of Korea to Nepal.
Acting CEO Of NTB Nirola Suspended
KRITI BHUJU
KATHMANDU, Oct 30: Subash Nirola, acting CEO of Nepal Tourism Board (NTB), has been suspended. The executive board meeting of NTB on Thursday suspended Nirola.

The meeting of the executive held under the chairmanship of Tourism Secretary Suresh Man Shrestha took the decision to suspend Nirola. 
CIAA Instructs Govt To Scrap 4 Hydro Licenses
REPUBLICA
KATHMANDU, Oct 29: The Commission for the Investigation of Abuse of Authority (CIAA) has directed the Ministry of Energy (MOE) to scrap survey licenses of four hydropower project for failing to sign power purchase agreement and attaining financial closure within the set deadline.

Issuing a press statement, CIAA on Wedesday said that Kabeli-A (37.6 MW), Lower Balefi (20 MW) and Upper Ingwakhola (9.7 MW) hydropower projects have failed to meet the conditions of survey license so their licenses should be scrapped.
Skoda Octavia Ambition To Hit Nepali Roads In Nov
REPUBLICA
  • The new car from Skoda stable has been designated as one of the most structurally sound vehicles available in the market.
KATHMANDU, Oct 29: MAW Enterprises, the sole authorized distributor of Skoda vehicles in Nepal is introducing a new sedan Skoda Octavia Ambition within a month.

According to Suraj Manandhar, business head of MAW Enterprises, the vehicle will be launched in Nepal within November. Of the two different models, Ambition and Elegance, the company is launching Ambition in November and plans to launch Elegance in the near future.
Nepal 2nd In Doing Business Rankings In South Asia
REPUBLICA
KATHMANDU, Oct 30 : Nepal is the second easiest country for doing business in South Asia, according to Doing Business 2015 released on Wednesday.

According to the bank´s report released on Wednesday, Nepal progressed by one point to 108th in doing business rankings by initiating regulatory reforms. World Bank officials said regulatory improvements in electronic building permit system endorsed by the Kathmandu Metropolitan City and construction permission of apartments, colonies and group-housing by the Department of Ubran Development and Building (DoUDB) are attributed for improvements in doing business indicators.
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