HETAUDA: Government of State 3 is set to organize an investment conference to attract domestic investors in Chitwan from April 19.

The State government said it would request entrepreneurs of private sector to make investment in various sectors. The two-day state-level conference is expected to see a participation of around 200 people, including investors and experts, according to Chief Minister Dormani Poudel’s Press Coordinator, Prakash Dahal.

According to Member of Policy and Planning Commission of the State, Shyam Kumar Basnet, a broad discussion would also be held with the private sector with the objective of opening ways of investment keeping a five-pillar policy in priority.

KATHMANDU: Prime Minister KP Oli has said that the government was always ready to support the private sector for import substitution and promoting export.

Stating that a policy has been adopted for forging partnership with the private sector for industrial progress, PM Oli said the government will facilitate in formulating the necessary acts, laws and rules, and in constructing physical infrastructure for the country’s economic development.

Inaugurating the 16th annual general meeting of the Confederation of Nepalese Industries (CNI) in the capital today, Prime Minister Oli said that the investors have been encouraged to invest in industrial sector in a transparent way.

He also said it is high time that fake transaction, sale of fake VAT bill and non-transparent activities are discouraged. Prime Minister Oli maintained that the government was equally determined to encourage and protect domestic industries while urging the business communities not to carry out illegal activities.

The Prime Minister also expressed commitment to support the private sector in all sectors, including the technology, and raw materials.

KATHMANDU: German Embassy in Kathmandu is organizing a 16-day exhibition on “The German Energiewende: Transforming Germany’s energy system” in Lalitpur from 12-26 April.

The exhibition illustrates the German economy’s transformation towards reusable energy sources, it was shared at a press conference organized by the German Embassy in Kathmandu.

Ambassador Ronald Schafer informed that since Germany is leading the movement with an objective of achieving carbon neutrality in 2050, Nepal too has huge potential in generation of renewable energy through tapping in to various sources such as hydro-power and solar energy, but also working towards energy efficiency, among others.

The exhibition, according to Ambassador Schafer, will be an occasion to discuss challenges, and show appreciation for the efforts of the Government of Nepal to create a conducive environment towards climate-friendly energy in the country.

A statement issued on the occasion said the interactive exhibition has already toured more than 80 locations in more than 30 countries and has been seen overwhelmingly across the world.

The exhibition will be accompanied by a photo story about 60 years of friendship between Nepali and German citizens.

Germany, through GIZ, is supporting Alternative Energy Promotion Center (AEPC) in promotion and development of renewable energy technologies in various municipalities and rural municipalities, the statement said.

KATHMANDU: Sajha Yatayat has brought 20 new city buses to operate in Kathmandu Valley. Mahendra Raj Pandey, manager at Sajha Yatayat said that the new buses have been bought from the amount of share of the organization purchased by Kathmandu Metropolitan City and Lalitpur Metropolitan City.
The buses have been brought from India and have now arrived at Raxaul. He said the buses would reach Kathmandu within few days and they would demand route permission from the government as per the need and demand.

The KMC had purchased the share of Rs 50 million and Lalitpur Metropolitan city bought share of Rs 10 million of the organisation.

The Sajha Yatayat had started its service first from 2019 BS. The service of Sajha Yatayat was closed due to various reasons in the intervening period. However, Sajha Yatayat has resumed it service since 2070 BS after purchasing new buses.

KATHMANDU: Mega Bank Ltd has begun a new service called ‘Mega Remit’ remittance service from Australia.

Mega Bank started this service in partnership with Aziz Forex and Finance Company, Australia.

The bank said money can be transferred to and from Australia within a few minutes through Mega Bank and its more than 2,300 agents across the country.

The non-resident students would be benefited from this service, the bank has said.

KATHMANDU: Prime Minister KP Oli secured 20 unit shares of the Trishuli III B hydropower project.

The project has been launched under the government’s ‘People’s Hydropower Program’.

His spouse Radhika Shakya secured 20 units. PM Oli and Shakya had applied for 10,000 units of share each.

The Ministry of Energy, Water Resources and Irrigation announced the decision to allocate the project’s shares to the applicants.

Similarly, Energy Minister Barsha Man Pun secured 20 units, while his spouse and former Speaker Onsari Gharti received 20 shares. Secretary of the Ministry, Dinesh Kumar Ghimire got 20 units.

Of the total applicants, 50,267 received 30 units of shares each, and 145,559 received 20 units of shares, according to Paras Mani Dhakal, chief executive officer of Global IME Capital.

The Coca-Cola Company has launched the 5by20 program to empower 5 million women entrepreneurs in 200 countries by 2020. The company has initiated 5by20 program in 2010 to enable the economic empowerment of the targeted number in the esteemed time.

“In collaboration with our partners, we aim to help women entrepreneurs overcome the barriers they face to business success”, Coca-Cola said.

The company is helping women who produce ingredients, supply goods, distribute beverages, own shops, recycle packaging and create products from packaging. “Women are a powerful global economic force, but they are consistently undervalued.

We wanted to do something to change that, so we made a global commitment to enable the economic empowerment of five million female entrepreneurs by 2020”, the company informed.

The company is helping women overcome the barriers they face when trying to succeed in the marketplace offering training, financial services and connections with peers and mentors.

The program is currently working in more than 40 countries including Brazil, South Africa, Philippines, India, China, Mexico, Nigeria, Kenya, Uganda, Haiti and Egypt.

The empowered women aspire to own their own businesses, provide a good education for their children, and create the best life possible for their families. The company aims to provide the tools and skills needed to act on those dreams.

KATHMANDU: Nepal government is all set to buy two trains  for Rs 846.5 million from Konkan Railway Corporation Limited of India, a report in Naya Patrika said.

The process will be initiated through G2G process following the approval by the cabinet. The government had allocated Rs 500 million for the procurement of trains in the fiscal year 2018-19.

The process to procure trains will be initiated within two weeks, said Balaram Mishra, director general of the Department of Railways.

BANKE: Indian Custom Office has intercepted as many as 140 Kathmandu-bound fuel tankers at Rupaidiya checkpoint, citing technical glitches with online service.

According to Sharad Kumar KC, custom officer at Nepalgunj Custom Office, 140 fuel tankers as well as a dozen trucks laden with vegetables have been stranded on the Nepal-India border checkpoint for the last two days.

Even though the Indian Custom Office agreed to release the trucks ferrying vegetables, they are not going to release the tankers until the online service comes into operation, KC told Khabarhub.

“We are coordinating with Indian Custom Office since yesterday. They said they are facing server problem with the online service. They are trying to fix it,” he said.

KC said transport disruption started occurring time and again at the border checkpoint since online service was brought into operation.

KATHMANDU: The Nepal Oil Corporation (NOC) today clarified that there has been no change in the pricing of petroleum products now.

The decision has been made keeping in mind the interest of the people although the price of petroleum products has gone up in the international market.

NOC Spokesperson Birendra Goit said as per the new price list received on March 16 from the Indian Oil Corporation (IOC), the price of petrol has increased by Rs 2 per liter.