KATHMANDU; The government's decision to impose a five percent Value Added Tax (VAT) on household electricity consumption is expected to add only Rs 4.27 billion to the government revenue while increasing the financial burden on consumers and potentially undermining the country's energy trans...}
KATHMANDU; Jobs in high-income countries are more than three times as likely to be at risk of automation by generative Artificial Intelligence (AI) than those in low and middle-income countries.
Developing economies have a unique opportunity to accelerate economic progress through Artificial Int...}
KATHMANDU; The recommendation committee formed to appoint the next managing director of the Nepal Oil Corporation (NOC) has shortlisted three candidates, with the final appointment now resting with the Council of Ministers.
The committee has forwarded the names of Kaushal KC of Naubahini Rural Mu...}
KATHMANDU; Despite repeated assurances from the Nepal Oil Corporation (NOC) that there is no shortage of liquefied petroleum gas (LPG), consumers across the country continue to face severe difficulties obtaining cooking gas, with many waiting in long queues for weeks—and in some cases, months&...}
KATHMANDU; Kathmandu's long-idle Waste-to-Energy project in Teku is set to return to operation, marking a significant step toward sustainable waste management and the promotion of a circular economy in Nepal.
The Kathmandu Metropolitan City (KMC) and the Alternative Energy Promotion Centre (A...}
KATHMANDU; Oil price fell more than US $4 a barrel on Monday, a one week low, after the US President Donald Trump held off a fresh attach on Iran seeking a quick deal that would halt Tehran’s nuclear ambitions and reopen the Strait of Hormuz.
According to Reuters, an international media, b...}
KATHMANDU; Sixteen listed hydropower companies are awaiting approval from the Securities Board of Nepal (SEBON) to issue rights shares worth a combined Rs 20.21 billion, aiming to strengthen their capital base and reduce outstanding debt.
According to SEBON, the companies have submitted applicati...}
KATHMANDU; The Initial Environmental Examination (IEE) report for the proposed 13.18-kilometre transmission line of the 5.575 MW Upper Junbesi Khola Hydroelectric Project in Solukhumbu district has been made public.
The Department of Electricity Development (DoED) on Sunday issued a 35-day public...}
KATHMANDU; The construction of the 400/220 kV Lapsiphedi Substation, a strategic project aimed at making electricity supply to the Kathmandu Valley more reliable, high-capacity and sustainable, has entered its final phase, with around 90 percent of the work completed.
The substation is expected t...}
KATHMANDU; The Nepal Insurance Authority (NIA) is preparing to introduce separate insurance guidelines for electric vehicles (EVs) and petroleum-powered vehicles, a move that could result in higher insurance premiums for EV owners.
The insurance regulator has begun reviewing international practic...}