KATHMANDU, Dec 25: Chief Minister of the Indian state of Uttar Pradesh, Yogi Adityanath, has said he would put in maximum efforts on his behalf to transform the centuries-old cultural and social relations between Nepal and India into trade relations.

The UP chief minister said so during a meeting with a 19-member delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) in Lucknow on Monday. The FNCCI delegation was led by its president Bhawani Rana.

Stating that the UP government has prioritized infrastructure development on the Nepal-India border areas for increased trade between the two countries, he reiterated the commitment for the continued support of the central government and the UP government of India in Nepal’s development endeavors.

According to FNCCI, the Chief Minister stated during the meeting that the UP government would immediately start works regarding upgrading the Gauriphanta and Aligadhawa border transit points. He also gave assurances of support for the promotion of the Nepalgunj-Kailash Mansarovar pilgrimage and religious tourism.

FNCCI president Rana, while welcoming the priority attached by the UP government for the development of customs and roads between the two countries, expected continued cooperation in the promotion of Nepal’s religious tourism also.

“We expect the active cooperation of the UP government in the development of the Mid and Far-Western Region of Nepal,” she said.

The FNCCI delegation had visited Lucknow, the capital of Uttar Pradesh of India to scope the areas of collaboration between Nepal and UP regarding expanding economic and trade relations, investment promotion and tourism development. RSS

Source: Republica

Corporate News

Country’s forex reserves slump to 32-month low

Kathmandu, December 24- Nepal’s foreign exchange reserves have slumped to a 32-month low despite robust growth in remittance income and downward revision in foreign exchange facility for Nepalis visiting overseas, raising the spectre of the country facing a balance of payments crisis if the problem continues to grow.

Read more ...

Doha Bank opens representative office in Nepal

Kathmandu, December 19 - Doha Bank, one of the largest commercial banks in Qatar, has opened its liaison office in Nepal as per the permission granted by the central bank about six months ago.

Read more ...

Parliament body asks govt to solve problem of multiple taxation

KATHMANDU, Aug 15: Parliament’s Finance Committee on Tuesday issued directions to the government to take the lead in solving the chronic problem of multiple taxation by the three tiers of government, as well as the exorbitant hike in tax rates.

Read more ...

Trade deficit surged five-fold in last decade

Kathmandu, August 5 - The country’s trade deficit jumped five folds in the last decade as imports have been skyrocketing and exports have slowed to a crawl in the review period.

Read more ...
Symbol % Change Last Price Turnover
NBBL 3.3898 610.0 129,958.0
SLBSL 3.2078 740.0 1,120,390.0
CHL 2.9703 104.0 14,538.0
RLFL 2.5862 119.0 339,371.0
IGI 2.2113 416.0 224,710.0
Symbol % Change Last Price Turnover
UPCL -10.0000 270.0 65,860.0
SHIVM -9.9138 418.0 1,737,870.0
AMFI -4.7546 621.0 57,140.0
NSEWA -3.6893 496.0 354,830.0
AKJCL -3.6585 79.0 70,010.0
Symbol % Change Last Price Turnover
ALBSL -3.5294 492.0 15,575,910.0
SBLPO 1.8519 165.0 10,510,995.0
CIT -1.5038 2,620.0 10,342,811.0
UPPER -0.4167 239.0 9,872,309.0
NLIC -0.0932 1,072.0 8,405,577.0