by Prithvi Man Shrestha in The Kathmandu Post, July 17, 2023India is subjecting the approval process for importing Nepali electricity to more bureaucratic hurdles despite its earlier announcement to buy 10,000MW from Nepal over the next 10 years. The southern neighbour, which has been refusing to grant export approval to hydropower projects involving China, has long been investigating whether there has been Chinese investment or any other involvement of the northern neighbour in the projects…
Posts tagged as “Nepal”
by Ramesh Kumar Paudel in The Kathmandu Post, July 16, 2023At 10 am on Saturday, 10 trucks were queued at a road near Hakim Chowk in Bharatpur. Senior government officials, including Deputy Prime Minister and Home Minister Narayan Kaji Shrestha, Minister for Agriculture and Livestock Development Beduram Bhusal, and Secretary of Ministry of Industry, Commerce and Supply Madhu Marasini had reached the Chitwan district to bid farewell to the trucks. Chinese Ambassador to Nepal Chen…
by Prakash Baral in The Kathmandu Post, July 6, 2023 Poaching of birds as well as animals and smuggling of wood and precious medicinal herbs have been going on unchecked in Dhorpatan, the only hunting reserve in Nepal, due to poor security presence. Spread over a total area of 1,325 square kilometres, the hunting reserve is in the Dhaulagiri mountain range and touches Baglung, Myagdi, and East Rukum districts. Sixty percent of the reserve lies…
by Nishan Khatiwada in The Kathmandu Post, July 6, 2023On Monday, Prime Minister Pushpa Kamal Dahal, while addressing a function to launch the book ‘Roads to the Valley: The Legacy of Sardar Pritam Singh in Nepal’, had said that Sardar Pritam Singh, referred to as the pioneer trucking entrepreneur in Nepal, has played a special and historic role in enhancing Nepal-India relations. “He [Singh] had once made efforts to make me the prime minister,” Dahal…
by Krishana Prasain in The Kathmandu Post, June 27, 2023Chinese digital payment service WeChat Pay and NMB Bank Nepal have partnered to make the mobile payment system available in Nepal. The service which launched on Thursday allows Chinese nationals visiting Nepal to pay for their purchases using their mobile sets. In February 2020, Nepal Rastra Bank had allowed NMB Bank to establish infrastructure and a mechanism to bring WeChat Pay to Nepal. But Covid-19 got…
by Anil Giri in The Kathmandu Post, June 27, 2023 .China’s unilateral announcement that the Pokhara International Airport was built under the framework of the Belt and Road Initiative (BRI) has finally reached Parliament. Two members of Parliament—Ram Hari Khatiwada of the Nepali Congress and Asim Shah of the Rastriya Swatantra Party—on Monday asked Foreign Minister NP Saud and Tourism Minister Sudan Kirati whether the Pokhara International Airport is a part of the BRI and…
by Prithvi Man Shrestha in The Kathmandu Post, Jue 26, 2023Nepal is all set to sell 200 megawatts of electricity to India under a five-year deal in what would be the first-ever longer-term trading of power between the two countries, according to a senior official of the Nepal Electricity Authority (NEA). “The state-owned power utility and NTPC Vidyut Vyapar Nigam Limited (NVVN) of India signed an agreement on May 23, paving the way for the…
By Prithvi Man Shrestha in The Kathmandu Post, June 25, 2023Nepal’s power generation capacity increased to 2,700 megawatts (MW) from 2,200 a year ago, but there has been no increase in the export quota that India has already approved for Nepal, which currently stands at 452.6MW. This has raised concerns over possible spillages of electricity as without urgent approvals by India for an increase in Nepal’s electricity supply quota, that is the most plausible outcome.…
by Sangam Prasain & Krishana Prasain in The Kathmandu Post, June 20, 2023Nepal is staring at stagflation, a scenario where an economy faces high inflation, low growth and high unemployment—all at the same time, economists said on Monday. Nepal’s efforts to stamp out a surge in inflation have slowed the economic growth rate sharply. At the start of the current fiscal year, the government had pompously declared that the economy would grow by an astounding…
By Anil Giri & Sangam Prasain in The Kathmandu Post, June 22, 2023On December 31 last year, on the eve of Pokhara International Airport inauguration by Prime Minister Pushpa Kamal Dahal, the Chinese Embassy wrote on its Twitter account that “This [Pokhara airport] is the flagship project of the China-Nepal BRI cooperation.” Six months after the airport’s opening, a Sichuan Airlines charter flight landed in Pokhara on Wednesday with 84 passengers on board the Airbus…
by Sangam Prasain & Krishana Prasain in The Kathmandu Post, June 20, 2023Nepal is staring at stagflation, a scenario where an economy faces high inflation, low growth and high unemployment—all at the same time, economists said on Monday. Nepal’s efforts to stamp out a surge in inflation have slowed the economic growth rate sharply. At the start of the current fiscal year, the government had pompously declared that the economy would grow by an astounding…