NRI tries to fleece Nepal King
Indian Abroad
April 13, 2006
The cash-strapped Nepal government is becoming the target of overseas conmen. A dubious Britain-based organisation, headed by a Non-Resident Indian (NRI), is trying to snare the royalist government by offering to lend high sums of money at ridiculously low interest rates. (more...)
Between global economic giants, Nepal is a misery
DNA World
April 14, 2006
KATHMANDU: Nepal probably is a unique economic story. Caught between two of world’s fastest growing economies China and India, the Himalayan Kingdom is a tale of missed chances and miserable growth. What a senior western diplomat in the Nepal capital calls a “sorry state of affairs.” (more...)
Nepal Sees Drop in Tourism, Foreign Aid
AP
KATMANDU, Nepal (AP) -- Spiraling rebel violence and political chaos have taken a toll on Nepal's ailing economy, leaving many grappling with sharp drops in the country's two economic mainstays -- tourism and foreign aid. (more...)
Nepal-India transit pact renewed
The Rising Nepal
KATHMANDU, Mar. 31: After three months of its expiry, the Transit Treaty between Nepal and India has been finally renewed for the next seven years with no significant changes in the existing provisions, according to the Ministry of Industry Commerce and Supplies. (more...)
Nepal could achieve UN goal of reducing poverty
The Hindu
Kathmandu, April 2 (AP): Growth has slumped in Nepal and a violent insurgency is strangling resources, but the country is still on track to halve the number of people in absolute poverty by the United Nations deadline of 2015, experts say. (more...)
Visitors to Nepal in March records 26.9 pct growth
People's Daily Online
Visitors arriving by air route to Nepal during March 2006 recorded 26.9 percent growth compared to the same period of last year, Nepal Tourism Board (NTB) said on Sunday. (more...)
Sweden withdraws funds for Melamchi
eKantipur.com
KATHMANDU, April 4 - What had been feared for a long time has come true: The Swedish government has withdrawn its $25 million aid commitment for the diversion tunnel of the multi-million dollar Melamchi Water Project, which could prove to be ominous to the project. (more...)
Nepal hotel rooms going for $1
DailyIndia.com
Kathmandu, April 4 (IANS) If you want to spend a memorable holiday in a five-star hotel, it will cost you $150 in India, $100 in Thailand, $80 in Sri Lanka and $150 in the Maldives for a night. But in Nepal, it will cost you only $1. (more...)
Foreign Trade Goes up by 20%
eKantipur.com
KATHMANDU, April 5 - Nepal's total foreign trade has grown by 20.4 percent, reaching Rs 120.42 billion during the first six months of the current fiscal year. (more...)
