Minister for Industry, Commerce and Supplies, Damodar Bhandari, has said Nepal failed to secure expected benefits from international trade despite the completion of 20 years of its membership in the World Trade Organisation (WTO).
Under this policy, tax waiver is granted for the first 10 years of the hydropower project operation. For the five years after than, 50 per cent taxes are discounted. Regarding cerement factories, the government opens road access to the stone mines while access of electricity is provided to the industries. “These provisions have not changed over time,” Minister Pun said.
Stakeholders have urged the government to take initiatives for operating direct flights between Bhairahawa and Qatar from Gautam Buddha International Airport during the Qatari Emir's visit to Nepal.
Prime Minister Pushpa Kamal Dahal ‘Prachanda’ said that the message that the country is investment friendly needs to be imparted and stressed on taking the private sector into confidence.
Simkot Rural Municipality in Humla has bought 480 quintals of indigenous food crops from local farmers to sell to the Food Management and Trading Company Limited (FMTCL).
The Nepal Electricity Authority has started preparations to use Tunnel Boring Machine (TBM) to dig the tunnels of the 1,063 MW Upper Arun and 635 MW Dudhkoshi hydropower projects.
The government of India has handed over the Integrated Check Post (ICP) Nepalgunj to the government of Nepal on Monday. About a year after its inauguration, the government of India handed over the ICP to Nepal, which will help in smooth cross-border movement of goods. During his visit to India on June 3, 2023, Prime Minister Pushpa Kamal Dahal 'Prachand
Finance Minister Barshaman Pun has said that the continuation of the best policies taken by the government would help create an environment conducive for investment and repatriate the returns.
UNDP Resident Representatives of 35 countries including the Assistant Secretary General of the United Nations are coming to Nepal for the Asia Pacific regional meeting of the United Nations Development Programme (UNDP).
Banke National Park has made preparations to attract 2,000 tourists in the year 2081 BS. Banke National Park is the country’s younge
New York lawmakers passed a $237 billion state budget Saturday that includes plans to spur housing construction and combat unlicensed marijuana stores. The package also includes a raft of other measures such as expediting the closure of some state prisons, addressing a recent influx of migrants and continuing the pandemic-era policy of allowing people to buy takeout cocktails.