The foundation stone for the Jalpadevi Cable Car in Sudur Paschim Province was laid by Foreign Minister Dr. Arzu Rana Deuba. Chandra Prasad Dhakal, President of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) and Chairman of IME Group, is in the final stages of constructing cable cars in all provinces
By A Correspondent Jan 12, 2025
Tourist arrivals in Nepal surpassed the one million mark, despite the temporary shutdown of Tribhuwan International Airport for 10 hours daily in the first week of November for emergency expansion work. This led to a sudden increase in airfare prices, making Nepal one of the more expensive destinations. However, this did not deter tourists from booking trips to Nepal, as the country saw a good number of visitors in November and December. In 2024, Nepal received over 1.1 million tourists, marking a positive turnaround for the tourism sector after being heavily impacted by COVID-19. With the announcement of reduced shutdown hours at TIA from February, there is expected to be an increase in international flights and tourist numbers.
By A Correspondent Jan 10, 2025
Challenging the belief in Nepal that India is not interested in buying Nepali electricity,the Nepal Electricity Authority (NEA) has demonstrated that India is a significant market for Nepal's hydropower by exporting electricity worth Rs. 13.04 billion to India in just five months.
By A Correspondent Dec 31, 2024
Nepal benefits from a significant amount of foreign currency sent by Nepalese workers abroad, bolstering the country's foreign currency reserves. However, there is a downside to this trend, as reports indicate a loss of young Nepali migrants working in foreign countries.
By A Correspondent Dec 31, 2024
Nepal is currently experiencing a significant shortage in electricity supply due to a decrease in domestic production, limited imports from India, and the ongoing challenges in the power sector. The 456 MW Upper Tamakoshi plant, which has been delayed due to a recent landslide, is expected to begin generating electricity soon. Despite efforts to remove Kul Man Ghising, the Managing Director of Nepal Electricity Authority (NEA), he continues to oversee the reconstruction work and preparations for the plant's operation. If all goes smoothly, the Upper Tamakoshi plant is projected to reach full capacity by the first week of January.
By A Correspondent Dec 29, 2024
Nepalese political leaders always have difficulty in balancing the relations with Nepal’s both the neighbors. Instead of Nepal’s core national interest, political leaders’ personal ego and interests are guiding factor in conducting the foreign relations in the last 15 years. Despite several controversy and pressure from ruling alliance Nepali Congress, Prime Minister K.P Sharma Oli visited China from 2 to 5 December breaking with tradition and made efforts in a bid to add new momentum to diversify its connectivity to the outside world
By A Correspondent Dec 16, 2024
Chandra Kumar Ghimire, a seasoned bureaucrat with extensive expertise in trade, investment, and public policy, has been appointed as the ambassador to the United Kingdom, the first nation to establish diplomatic relations with Nepal. He has prioritized economic diplomacy as a key focus of his tenure.
By A Correspondent Nov 30, 2024
Prime Minister KP Sharma Oli has asserted that his forthcoming visit to China will not negatively impact Nepal's relations with India. However, there is an increasing level of skepticism in India regarding this visit, particularly in light of Oli's previous actions that have raised concerns among neighboring countries. Given his history of anti-India sentiments, India is monitoring Oli's trip closely, despite reassurances from his coalition partner, the Nepali Congress. As the leadership in Nepal appears to be losing confidence in India, the context surrounding Oli's visit becomes increasingly complex from a geopolitical standpoint.
By A Correspondent Nov 19, 2024