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<span style="font-size:14px;"><strong> ‘Economic revolution responsibility of political parties’</strong></span></div>
<div>
Minister for Finance, Shanker Prasad Koirala has said that the responsibility to take the country towards economic revolution lies with the elected political parties, adding that the incumbent government had fulfilled its duty of holding election to the second Constituent Assembly (CA). Speaking at the 47th anniversary of the Agricultural Development Bank in the Capital on January 21, Minister Koirala said that the political parties should now address the agenda of economic growth and revolution. Stating that growth of the agriculture sector was necessary to improve the livelihood of the people by increasing economic growth, Koirala said the government has been working as the captain to transform the import-oriented economy into an export-oriented one.</div>
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<div>
<span style="font-size:14px;"><strong>Australia Unhappy over Nepal’s Inability to Utilize Aid</strong></span></div>
<div>
The Government of Australia has expressed dissatisfaction over Nepal’s inability to utilize the financial aid and support it extended to improve Nepal’s health sector. Australian Ambassador to Nepal, Glen White expressed his government’s concern in this regard during a meeting with Finance Minister Shankar Prasad Koirala at the latter’s office on January 22. He said that the inability of Nepal’s government to properly spend the aid provided by the Australian government to the country’s health sector will seriously affect future aid programmes. The Australian envoy further said that it was very unfortunate to see Nepal government’s inability to spend the Australian aid provided for such a sensitive topic as public health. On the occasion, Finance Minister Koirala expressed regret over the fact, and urged the Australian government to continue extending the same kind of help and support.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Leather Goods Exhibition 2014 Concludes</strong></span></div>
<div>
The Leather Goods Exhibition 2014 concluded successfully at Bhirkutimandap in the capital on January 19, recording a business transaction of around Rs 15 million. The five-day exhibition also witnessed over 60,000 footfalls, according to Leather Footwear and Goods Manufacturers’ Association of Nepal (LFGMAN), the organizer of the Exhibition. It is estimated that nearly 40 per cent of the visitors bought leather footwear and goods at the exhibition. The event featured some 60 stalls of various leather products including jackets, belts, bags and shoes, among others. Inaugurating the Exhibition on January 14, Minister for Industry Shankar Koirala had said that the government was preparing directives to use domestic products in government offices to promote domestic goods.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Govt Preparing to Privatise Nepal Drug Ltd</strong></span></div>
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The government has started preparations to privatise the state-owned Nepal Drug Ltd (NDL), a public enterprise which remains closed for more than past two years. In a meeting held at the Ministry of Finance (MoF) to review the performance of public enterprises on January 23, it was recommended that the NDL be handed over to the private sector, according to Janmejaya Regmi, chief of the Corporation Coordination Division under the MoF. Regmi said that preparation has been started to give voluntary retirement to the existing staff of NDL and then hand it over to the private sector.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>ADB’s Grant for Climate Resilience Project</strong></span></div>
<div>
The Asian Development Bank has decided to provide a grant assistance of Rs. 2.32 billion to Nepal for the execution of the project of building climate resilience of the watershed in mountain Eco-regions in Nepal. Madhu Kumar Marasini, Joint Secretary, International Economic Cooperation Coordination Division of the Ministry of Finance, and Kenichi Yokoyama, Country Director of Nepal Residence Mission, ADB, signed the grant assistance agreement on January 20 at the Ministry of Finance on behalf of Government of Nepal and Asian Development Bank, respectively. It is expected that by executing this project, the climate resilience in Nepal´s mountain communities would be improved. About 45,000 households are expected to be benefitted from improved water availability during the dry seasons to support domestic and agricultural uses. The spring or surface water sources are expected to become more reliable.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>New Match Box Industry</strong></span></div>
<div>
A new match industry has come into operation in Nepalgunj of Banke district. The Ratnalaxmi Group has invested Rs 50 million in the Ratnalaxmi Match Industry. The Industry has started producing match boxes of Teer brand with technical assistance from the multinational company, Surya Nepal Pvt Ltd, according to Prakash Adhikari, managing director of the Ratnalaxmi Group. “The supply of match boxes is still lower than the demand in the market,” said Adhikari, adding that the Industry is trying to produce skilled manpower. The industry has provided direct employment to 100 people. </div>',
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<span style="font-size:14px;"><strong> ‘Economic revolution responsibility of political parties’</strong></span></div>
<div>
Minister for Finance, Shanker Prasad Koirala has said that the responsibility to take the country towards economic revolution lies with the elected political parties, adding that the incumbent government had fulfilled its duty of holding election to the second Constituent Assembly (CA). Speaking at the 47th anniversary of the Agricultural Development Bank in the Capital on January 21, Minister Koirala said that the political parties should now address the agenda of economic growth and revolution. Stating that growth of the agriculture sector was necessary to improve the livelihood of the people by increasing economic growth, Koirala said the government has been working as the captain to transform the import-oriented economy into an export-oriented one.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Australia Unhappy over Nepal’s Inability to Utilize Aid</strong></span></div>
<div>
The Government of Australia has expressed dissatisfaction over Nepal’s inability to utilize the financial aid and support it extended to improve Nepal’s health sector. Australian Ambassador to Nepal, Glen White expressed his government’s concern in this regard during a meeting with Finance Minister Shankar Prasad Koirala at the latter’s office on January 22. He said that the inability of Nepal’s government to properly spend the aid provided by the Australian government to the country’s health sector will seriously affect future aid programmes. The Australian envoy further said that it was very unfortunate to see Nepal government’s inability to spend the Australian aid provided for such a sensitive topic as public health. On the occasion, Finance Minister Koirala expressed regret over the fact, and urged the Australian government to continue extending the same kind of help and support.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Leather Goods Exhibition 2014 Concludes</strong></span></div>
<div>
The Leather Goods Exhibition 2014 concluded successfully at Bhirkutimandap in the capital on January 19, recording a business transaction of around Rs 15 million. The five-day exhibition also witnessed over 60,000 footfalls, according to Leather Footwear and Goods Manufacturers’ Association of Nepal (LFGMAN), the organizer of the Exhibition. It is estimated that nearly 40 per cent of the visitors bought leather footwear and goods at the exhibition. The event featured some 60 stalls of various leather products including jackets, belts, bags and shoes, among others. Inaugurating the Exhibition on January 14, Minister for Industry Shankar Koirala had said that the government was preparing directives to use domestic products in government offices to promote domestic goods.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Govt Preparing to Privatise Nepal Drug Ltd</strong></span></div>
<div>
The government has started preparations to privatise the state-owned Nepal Drug Ltd (NDL), a public enterprise which remains closed for more than past two years. In a meeting held at the Ministry of Finance (MoF) to review the performance of public enterprises on January 23, it was recommended that the NDL be handed over to the private sector, according to Janmejaya Regmi, chief of the Corporation Coordination Division under the MoF. Regmi said that preparation has been started to give voluntary retirement to the existing staff of NDL and then hand it over to the private sector.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>ADB’s Grant for Climate Resilience Project</strong></span></div>
<div>
The Asian Development Bank has decided to provide a grant assistance of Rs. 2.32 billion to Nepal for the execution of the project of building climate resilience of the watershed in mountain Eco-regions in Nepal. Madhu Kumar Marasini, Joint Secretary, International Economic Cooperation Coordination Division of the Ministry of Finance, and Kenichi Yokoyama, Country Director of Nepal Residence Mission, ADB, signed the grant assistance agreement on January 20 at the Ministry of Finance on behalf of Government of Nepal and Asian Development Bank, respectively. It is expected that by executing this project, the climate resilience in Nepal´s mountain communities would be improved. About 45,000 households are expected to be benefitted from improved water availability during the dry seasons to support domestic and agricultural uses. The spring or surface water sources are expected to become more reliable.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>New Match Box Industry</strong></span></div>
<div>
A new match industry has come into operation in Nepalgunj of Banke district. The Ratnalaxmi Group has invested Rs 50 million in the Ratnalaxmi Match Industry. The Industry has started producing match boxes of Teer brand with technical assistance from the multinational company, Surya Nepal Pvt Ltd, according to Prakash Adhikari, managing director of the Ratnalaxmi Group. “The supply of match boxes is still lower than the demand in the market,” said Adhikari, adding that the Industry is trying to produce skilled manpower. The industry has provided direct employment to 100 people. </div>',
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<span style="font-size:14px;"><strong> ‘Economic revolution responsibility of political parties’</strong></span></div>
<div>
Minister for Finance, Shanker Prasad Koirala has said that the responsibility to take the country towards economic revolution lies with the elected political parties, adding that the incumbent government had fulfilled its duty of holding election to the second Constituent Assembly (CA). Speaking at the 47th anniversary of the Agricultural Development Bank in the Capital on January 21, Minister Koirala said that the political parties should now address the agenda of economic growth and revolution. Stating that growth of the agriculture sector was necessary to improve the livelihood of the people by increasing economic growth, Koirala said the government has been working as the captain to transform the import-oriented economy into an export-oriented one.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Australia Unhappy over Nepal’s Inability to Utilize Aid</strong></span></div>
<div>
The Government of Australia has expressed dissatisfaction over Nepal’s inability to utilize the financial aid and support it extended to improve Nepal’s health sector. Australian Ambassador to Nepal, Glen White expressed his government’s concern in this regard during a meeting with Finance Minister Shankar Prasad Koirala at the latter’s office on January 22. He said that the inability of Nepal’s government to properly spend the aid provided by the Australian government to the country’s health sector will seriously affect future aid programmes. The Australian envoy further said that it was very unfortunate to see Nepal government’s inability to spend the Australian aid provided for such a sensitive topic as public health. On the occasion, Finance Minister Koirala expressed regret over the fact, and urged the Australian government to continue extending the same kind of help and support.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Leather Goods Exhibition 2014 Concludes</strong></span></div>
<div>
The Leather Goods Exhibition 2014 concluded successfully at Bhirkutimandap in the capital on January 19, recording a business transaction of around Rs 15 million. The five-day exhibition also witnessed over 60,000 footfalls, according to Leather Footwear and Goods Manufacturers’ Association of Nepal (LFGMAN), the organizer of the Exhibition. It is estimated that nearly 40 per cent of the visitors bought leather footwear and goods at the exhibition. The event featured some 60 stalls of various leather products including jackets, belts, bags and shoes, among others. Inaugurating the Exhibition on January 14, Minister for Industry Shankar Koirala had said that the government was preparing directives to use domestic products in government offices to promote domestic goods.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Govt Preparing to Privatise Nepal Drug Ltd</strong></span></div>
<div>
The government has started preparations to privatise the state-owned Nepal Drug Ltd (NDL), a public enterprise which remains closed for more than past two years. In a meeting held at the Ministry of Finance (MoF) to review the performance of public enterprises on January 23, it was recommended that the NDL be handed over to the private sector, according to Janmejaya Regmi, chief of the Corporation Coordination Division under the MoF. Regmi said that preparation has been started to give voluntary retirement to the existing staff of NDL and then hand it over to the private sector.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>ADB’s Grant for Climate Resilience Project</strong></span></div>
<div>
The Asian Development Bank has decided to provide a grant assistance of Rs. 2.32 billion to Nepal for the execution of the project of building climate resilience of the watershed in mountain Eco-regions in Nepal. Madhu Kumar Marasini, Joint Secretary, International Economic Cooperation Coordination Division of the Ministry of Finance, and Kenichi Yokoyama, Country Director of Nepal Residence Mission, ADB, signed the grant assistance agreement on January 20 at the Ministry of Finance on behalf of Government of Nepal and Asian Development Bank, respectively. It is expected that by executing this project, the climate resilience in Nepal´s mountain communities would be improved. About 45,000 households are expected to be benefitted from improved water availability during the dry seasons to support domestic and agricultural uses. The spring or surface water sources are expected to become more reliable.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>New Match Box Industry</strong></span></div>
<div>
A new match industry has come into operation in Nepalgunj of Banke district. The Ratnalaxmi Group has invested Rs 50 million in the Ratnalaxmi Match Industry. The Industry has started producing match boxes of Teer brand with technical assistance from the multinational company, Surya Nepal Pvt Ltd, according to Prakash Adhikari, managing director of the Ratnalaxmi Group. “The supply of match boxes is still lower than the demand in the market,” said Adhikari, adding that the Industry is trying to produce skilled manpower. The industry has provided direct employment to 100 people. </div>',
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<span style="font-size:14px;"><strong> ‘Economic revolution responsibility of political parties’</strong></span></div>
<div>
Minister for Finance, Shanker Prasad Koirala has said that the responsibility to take the country towards economic revolution lies with the elected political parties, adding that the incumbent government had fulfilled its duty of holding election to the second Constituent Assembly (CA). Speaking at the 47th anniversary of the Agricultural Development Bank in the Capital on January 21, Minister Koirala said that the political parties should now address the agenda of economic growth and revolution. Stating that growth of the agriculture sector was necessary to improve the livelihood of the people by increasing economic growth, Koirala said the government has been working as the captain to transform the import-oriented economy into an export-oriented one.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Australia Unhappy over Nepal’s Inability to Utilize Aid</strong></span></div>
<div>
The Government of Australia has expressed dissatisfaction over Nepal’s inability to utilize the financial aid and support it extended to improve Nepal’s health sector. Australian Ambassador to Nepal, Glen White expressed his government’s concern in this regard during a meeting with Finance Minister Shankar Prasad Koirala at the latter’s office on January 22. He said that the inability of Nepal’s government to properly spend the aid provided by the Australian government to the country’s health sector will seriously affect future aid programmes. The Australian envoy further said that it was very unfortunate to see Nepal government’s inability to spend the Australian aid provided for such a sensitive topic as public health. On the occasion, Finance Minister Koirala expressed regret over the fact, and urged the Australian government to continue extending the same kind of help and support.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Leather Goods Exhibition 2014 Concludes</strong></span></div>
<div>
The Leather Goods Exhibition 2014 concluded successfully at Bhirkutimandap in the capital on January 19, recording a business transaction of around Rs 15 million. The five-day exhibition also witnessed over 60,000 footfalls, according to Leather Footwear and Goods Manufacturers’ Association of Nepal (LFGMAN), the organizer of the Exhibition. It is estimated that nearly 40 per cent of the visitors bought leather footwear and goods at the exhibition. The event featured some 60 stalls of various leather products including jackets, belts, bags and shoes, among others. Inaugurating the Exhibition on January 14, Minister for Industry Shankar Koirala had said that the government was preparing directives to use domestic products in government offices to promote domestic goods.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Govt Preparing to Privatise Nepal Drug Ltd</strong></span></div>
<div>
The government has started preparations to privatise the state-owned Nepal Drug Ltd (NDL), a public enterprise which remains closed for more than past two years. In a meeting held at the Ministry of Finance (MoF) to review the performance of public enterprises on January 23, it was recommended that the NDL be handed over to the private sector, according to Janmejaya Regmi, chief of the Corporation Coordination Division under the MoF. Regmi said that preparation has been started to give voluntary retirement to the existing staff of NDL and then hand it over to the private sector.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>ADB’s Grant for Climate Resilience Project</strong></span></div>
<div>
The Asian Development Bank has decided to provide a grant assistance of Rs. 2.32 billion to Nepal for the execution of the project of building climate resilience of the watershed in mountain Eco-regions in Nepal. Madhu Kumar Marasini, Joint Secretary, International Economic Cooperation Coordination Division of the Ministry of Finance, and Kenichi Yokoyama, Country Director of Nepal Residence Mission, ADB, signed the grant assistance agreement on January 20 at the Ministry of Finance on behalf of Government of Nepal and Asian Development Bank, respectively. It is expected that by executing this project, the climate resilience in Nepal´s mountain communities would be improved. About 45,000 households are expected to be benefitted from improved water availability during the dry seasons to support domestic and agricultural uses. The spring or surface water sources are expected to become more reliable.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>New Match Box Industry</strong></span></div>
<div>
A new match industry has come into operation in Nepalgunj of Banke district. The Ratnalaxmi Group has invested Rs 50 million in the Ratnalaxmi Match Industry. The Industry has started producing match boxes of Teer brand with technical assistance from the multinational company, Surya Nepal Pvt Ltd, according to Prakash Adhikari, managing director of the Ratnalaxmi Group. “The supply of match boxes is still lower than the demand in the market,” said Adhikari, adding that the Industry is trying to produce skilled manpower. The industry has provided direct employment to 100 people. </div>',
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<span style="font-size:14px;"><strong> ‘Economic revolution responsibility of political parties’</strong></span></div>
<div>
Minister for Finance, Shanker Prasad Koirala has said that the responsibility to take the country towards economic revolution lies with the elected political parties, adding that the incumbent government had fulfilled its duty of holding election to the second Constituent Assembly (CA). Speaking at the 47th anniversary of the Agricultural Development Bank in the Capital on January 21, Minister Koirala said that the political parties should now address the agenda of economic growth and revolution. Stating that growth of the agriculture sector was necessary to improve the livelihood of the people by increasing economic growth, Koirala said the government has been working as the captain to transform the import-oriented economy into an export-oriented one.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Australia Unhappy over Nepal’s Inability to Utilize Aid</strong></span></div>
<div>
The Government of Australia has expressed dissatisfaction over Nepal’s inability to utilize the financial aid and support it extended to improve Nepal’s health sector. Australian Ambassador to Nepal, Glen White expressed his government’s concern in this regard during a meeting with Finance Minister Shankar Prasad Koirala at the latter’s office on January 22. He said that the inability of Nepal’s government to properly spend the aid provided by the Australian government to the country’s health sector will seriously affect future aid programmes. The Australian envoy further said that it was very unfortunate to see Nepal government’s inability to spend the Australian aid provided for such a sensitive topic as public health. On the occasion, Finance Minister Koirala expressed regret over the fact, and urged the Australian government to continue extending the same kind of help and support.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Leather Goods Exhibition 2014 Concludes</strong></span></div>
<div>
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<div>
<span style="font-size:14px;"><strong>Govt Preparing to Privatise Nepal Drug Ltd</strong></span></div>
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<div>
</div>
<div>
<span style="font-size:14px;"><strong>ADB’s Grant for Climate Resilience Project</strong></span></div>
<div>
The Asian Development Bank has decided to provide a grant assistance of Rs. 2.32 billion to Nepal for the execution of the project of building climate resilience of the watershed in mountain Eco-regions in Nepal. Madhu Kumar Marasini, Joint Secretary, International Economic Cooperation Coordination Division of the Ministry of Finance, and Kenichi Yokoyama, Country Director of Nepal Residence Mission, ADB, signed the grant assistance agreement on January 20 at the Ministry of Finance on behalf of Government of Nepal and Asian Development Bank, respectively. It is expected that by executing this project, the climate resilience in Nepal´s mountain communities would be improved. About 45,000 households are expected to be benefitted from improved water availability during the dry seasons to support domestic and agricultural uses. The spring or surface water sources are expected to become more reliable.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>New Match Box Industry</strong></span></div>
<div>
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<span style="font-size:14px;"><strong> ‘Economic revolution responsibility of political parties’</strong></span></div>
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Minister for Finance, Shanker Prasad Koirala has said that the responsibility to take the country towards economic revolution lies with the elected political parties, adding that the incumbent government had fulfilled its duty of holding election to the second Constituent Assembly (CA). Speaking at the 47th anniversary of the Agricultural Development Bank in the Capital on January 21, Minister Koirala said that the political parties should now address the agenda of economic growth and revolution. Stating that growth of the agriculture sector was necessary to improve the livelihood of the people by increasing economic growth, Koirala said the government has been working as the captain to transform the import-oriented economy into an export-oriented one.</div>
<div>
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<div>
<span style="font-size:14px;"><strong>Australia Unhappy over Nepal’s Inability to Utilize Aid</strong></span></div>
<div>
The Government of Australia has expressed dissatisfaction over Nepal’s inability to utilize the financial aid and support it extended to improve Nepal’s health sector. Australian Ambassador to Nepal, Glen White expressed his government’s concern in this regard during a meeting with Finance Minister Shankar Prasad Koirala at the latter’s office on January 22. He said that the inability of Nepal’s government to properly spend the aid provided by the Australian government to the country’s health sector will seriously affect future aid programmes. The Australian envoy further said that it was very unfortunate to see Nepal government’s inability to spend the Australian aid provided for such a sensitive topic as public health. On the occasion, Finance Minister Koirala expressed regret over the fact, and urged the Australian government to continue extending the same kind of help and support.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Leather Goods Exhibition 2014 Concludes</strong></span></div>
<div>
The Leather Goods Exhibition 2014 concluded successfully at Bhirkutimandap in the capital on January 19, recording a business transaction of around Rs 15 million. The five-day exhibition also witnessed over 60,000 footfalls, according to Leather Footwear and Goods Manufacturers’ Association of Nepal (LFGMAN), the organizer of the Exhibition. It is estimated that nearly 40 per cent of the visitors bought leather footwear and goods at the exhibition. The event featured some 60 stalls of various leather products including jackets, belts, bags and shoes, among others. Inaugurating the Exhibition on January 14, Minister for Industry Shankar Koirala had said that the government was preparing directives to use domestic products in government offices to promote domestic goods.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Govt Preparing to Privatise Nepal Drug Ltd</strong></span></div>
<div>
The government has started preparations to privatise the state-owned Nepal Drug Ltd (NDL), a public enterprise which remains closed for more than past two years. In a meeting held at the Ministry of Finance (MoF) to review the performance of public enterprises on January 23, it was recommended that the NDL be handed over to the private sector, according to Janmejaya Regmi, chief of the Corporation Coordination Division under the MoF. Regmi said that preparation has been started to give voluntary retirement to the existing staff of NDL and then hand it over to the private sector.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>ADB’s Grant for Climate Resilience Project</strong></span></div>
<div>
The Asian Development Bank has decided to provide a grant assistance of Rs. 2.32 billion to Nepal for the execution of the project of building climate resilience of the watershed in mountain Eco-regions in Nepal. Madhu Kumar Marasini, Joint Secretary, International Economic Cooperation Coordination Division of the Ministry of Finance, and Kenichi Yokoyama, Country Director of Nepal Residence Mission, ADB, signed the grant assistance agreement on January 20 at the Ministry of Finance on behalf of Government of Nepal and Asian Development Bank, respectively. It is expected that by executing this project, the climate resilience in Nepal´s mountain communities would be improved. About 45,000 households are expected to be benefitted from improved water availability during the dry seasons to support domestic and agricultural uses. The spring or surface water sources are expected to become more reliable.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>New Match Box Industry</strong></span></div>
<div>
A new match industry has come into operation in Nepalgunj of Banke district. The Ratnalaxmi Group has invested Rs 50 million in the Ratnalaxmi Match Industry. The Industry has started producing match boxes of Teer brand with technical assistance from the multinational company, Surya Nepal Pvt Ltd, according to Prakash Adhikari, managing director of the Ratnalaxmi Group. “The supply of match boxes is still lower than the demand in the market,” said Adhikari, adding that the Industry is trying to produce skilled manpower. The industry has provided direct employment to 100 people. </div>',
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‘Economic revolution responsibility of political parties’
Minister for Finance, Shanker Prasad Koirala has said that the responsibility to take the country towards economic revolution lies with the elected political parties, adding that the incumbent government had fulfilled its duty of holding election to the second Constituent Assembly (CA). Speaking at the 47th anniversary of the Agricultural Development Bank in the Capital on January 21, Minister Koirala said that the political parties should now address the agenda of economic growth and revolution. Stating that growth of the agriculture sector was necessary to improve the livelihood of the people by increasing economic growth, Koirala said the government has been working as the captain to transform the import-oriented economy into an export-oriented one.
Australia Unhappy over Nepal’s Inability to Utilize Aid
The Government of Australia has expressed dissatisfaction over Nepal’s inability to utilize the financial aid and support it extended to improve Nepal’s health sector. Australian Ambassador to Nepal, Glen White expressed his government’s concern in this regard during a meeting with Finance Minister Shankar Prasad Koirala at the latter’s office on January 22. He said that the inability of Nepal’s government to properly spend the aid provided by the Australian government to the country’s health sector will seriously affect future aid programmes. The Australian envoy further said that it was very unfortunate to see Nepal government’s inability to spend the Australian aid provided for such a sensitive topic as public health. On the occasion, Finance Minister Koirala expressed regret over the fact, and urged the Australian government to continue extending the same kind of help and support.
Leather Goods Exhibition 2014 Concludes
The Leather Goods Exhibition 2014 concluded successfully at Bhirkutimandap in the capital on January 19, recording a business transaction of around Rs 15 million. The five-day exhibition also witnessed over 60,000 footfalls, according to Leather Footwear and Goods Manufacturers’ Association of Nepal (LFGMAN), the organizer of the Exhibition. It is estimated that nearly 40 per cent of the visitors bought leather footwear and goods at the exhibition. The event featured some 60 stalls of various leather products including jackets, belts, bags and shoes, among others. Inaugurating the Exhibition on January 14, Minister for Industry Shankar Koirala had said that the government was preparing directives to use domestic products in government offices to promote domestic goods.
Govt Preparing to Privatise Nepal Drug Ltd
The government has started preparations to privatise the state-owned Nepal Drug Ltd (NDL), a public enterprise which remains closed for more than past two years. In a meeting held at the Ministry of Finance (MoF) to review the performance of public enterprises on January 23, it was recommended that the NDL be handed over to the private sector, according to Janmejaya Regmi, chief of the Corporation Coordination Division under the MoF. Regmi said that preparation has been started to give voluntary retirement to the existing staff of NDL and then hand it over to the private sector.
ADB’s Grant for Climate Resilience Project
The Asian Development Bank has decided to provide a grant assistance of Rs. 2.32 billion to Nepal for the execution of the project of building climate resilience of the watershed in mountain Eco-regions in Nepal. Madhu Kumar Marasini, Joint Secretary, International Economic Cooperation Coordination Division of the Ministry of Finance, and Kenichi Yokoyama, Country Director of Nepal Residence Mission, ADB, signed the grant assistance agreement on January 20 at the Ministry of Finance on behalf of Government of Nepal and Asian Development Bank, respectively. It is expected that by executing this project, the climate resilience in Nepal´s mountain communities would be improved. About 45,000 households are expected to be benefitted from improved water availability during the dry seasons to support domestic and agricultural uses. The spring or surface water sources are expected to become more reliable.
New Match Box Industry
A new match industry has come into operation in Nepalgunj of Banke district. The Ratnalaxmi Group has invested Rs 50 million in the Ratnalaxmi Match Industry. The Industry has started producing match boxes of Teer brand with technical assistance from the multinational company, Surya Nepal Pvt Ltd, according to Prakash Adhikari, managing director of the Ratnalaxmi Group. “The supply of match boxes is still lower than the demand in the market,” said Adhikari, adding that the Industry is trying to produce skilled manpower. The industry has provided direct employment to 100 people.
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<span style="font-size:14px;"><strong> ‘Economic revolution responsibility of political parties’</strong></span></div>
<div>
Minister for Finance, Shanker Prasad Koirala has said that the responsibility to take the country towards economic revolution lies with the elected political parties, adding that the incumbent government had fulfilled its duty of holding election to the second Constituent Assembly (CA). Speaking at the 47th anniversary of the Agricultural Development Bank in the Capital on January 21, Minister Koirala said that the political parties should now address the agenda of economic growth and revolution. Stating that growth of the agriculture sector was necessary to improve the livelihood of the people by increasing economic growth, Koirala said the government has been working as the captain to transform the import-oriented economy into an export-oriented one.</div>
<div>
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<div>
<span style="font-size:14px;"><strong>Australia Unhappy over Nepal’s Inability to Utilize Aid</strong></span></div>
<div>
The Government of Australia has expressed dissatisfaction over Nepal’s inability to utilize the financial aid and support it extended to improve Nepal’s health sector. Australian Ambassador to Nepal, Glen White expressed his government’s concern in this regard during a meeting with Finance Minister Shankar Prasad Koirala at the latter’s office on January 22. He said that the inability of Nepal’s government to properly spend the aid provided by the Australian government to the country’s health sector will seriously affect future aid programmes. The Australian envoy further said that it was very unfortunate to see Nepal government’s inability to spend the Australian aid provided for such a sensitive topic as public health. On the occasion, Finance Minister Koirala expressed regret over the fact, and urged the Australian government to continue extending the same kind of help and support.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Leather Goods Exhibition 2014 Concludes</strong></span></div>
<div>
The Leather Goods Exhibition 2014 concluded successfully at Bhirkutimandap in the capital on January 19, recording a business transaction of around Rs 15 million. The five-day exhibition also witnessed over 60,000 footfalls, according to Leather Footwear and Goods Manufacturers’ Association of Nepal (LFGMAN), the organizer of the Exhibition. It is estimated that nearly 40 per cent of the visitors bought leather footwear and goods at the exhibition. The event featured some 60 stalls of various leather products including jackets, belts, bags and shoes, among others. Inaugurating the Exhibition on January 14, Minister for Industry Shankar Koirala had said that the government was preparing directives to use domestic products in government offices to promote domestic goods.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Govt Preparing to Privatise Nepal Drug Ltd</strong></span></div>
<div>
The government has started preparations to privatise the state-owned Nepal Drug Ltd (NDL), a public enterprise which remains closed for more than past two years. In a meeting held at the Ministry of Finance (MoF) to review the performance of public enterprises on January 23, it was recommended that the NDL be handed over to the private sector, according to Janmejaya Regmi, chief of the Corporation Coordination Division under the MoF. Regmi said that preparation has been started to give voluntary retirement to the existing staff of NDL and then hand it over to the private sector.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>ADB’s Grant for Climate Resilience Project</strong></span></div>
<div>
The Asian Development Bank has decided to provide a grant assistance of Rs. 2.32 billion to Nepal for the execution of the project of building climate resilience of the watershed in mountain Eco-regions in Nepal. Madhu Kumar Marasini, Joint Secretary, International Economic Cooperation Coordination Division of the Ministry of Finance, and Kenichi Yokoyama, Country Director of Nepal Residence Mission, ADB, signed the grant assistance agreement on January 20 at the Ministry of Finance on behalf of Government of Nepal and Asian Development Bank, respectively. It is expected that by executing this project, the climate resilience in Nepal´s mountain communities would be improved. About 45,000 households are expected to be benefitted from improved water availability during the dry seasons to support domestic and agricultural uses. The spring or surface water sources are expected to become more reliable.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>New Match Box Industry</strong></span></div>
<div>
A new match industry has come into operation in Nepalgunj of Banke district. The Ratnalaxmi Group has invested Rs 50 million in the Ratnalaxmi Match Industry. The Industry has started producing match boxes of Teer brand with technical assistance from the multinational company, Surya Nepal Pvt Ltd, according to Prakash Adhikari, managing director of the Ratnalaxmi Group. “The supply of match boxes is still lower than the demand in the market,” said Adhikari, adding that the Industry is trying to produce skilled manpower. The industry has provided direct employment to 100 people. </div>',
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<span style="font-size:14px;"><strong> ‘Economic revolution responsibility of political parties’</strong></span></div>
<div>
Minister for Finance, Shanker Prasad Koirala has said that the responsibility to take the country towards economic revolution lies with the elected political parties, adding that the incumbent government had fulfilled its duty of holding election to the second Constituent Assembly (CA). Speaking at the 47th anniversary of the Agricultural Development Bank in the Capital on January 21, Minister Koirala said that the political parties should now address the agenda of economic growth and revolution. Stating that growth of the agriculture sector was necessary to improve the livelihood of the people by increasing economic growth, Koirala said the government has been working as the captain to transform the import-oriented economy into an export-oriented one.</div>
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<span style="font-size:14px;"><strong>Australia Unhappy over Nepal’s Inability to Utilize Aid</strong></span></div>
<div>
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<div>
</div>
<div>
<span style="font-size:14px;"><strong>Leather Goods Exhibition 2014 Concludes</strong></span></div>
<div>
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<div>
</div>
<div>
<span style="font-size:14px;"><strong>Govt Preparing to Privatise Nepal Drug Ltd</strong></span></div>
<div>
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<div>
</div>
<div>
<span style="font-size:14px;"><strong>ADB’s Grant for Climate Resilience Project</strong></span></div>
<div>
The Asian Development Bank has decided to provide a grant assistance of Rs. 2.32 billion to Nepal for the execution of the project of building climate resilience of the watershed in mountain Eco-regions in Nepal. Madhu Kumar Marasini, Joint Secretary, International Economic Cooperation Coordination Division of the Ministry of Finance, and Kenichi Yokoyama, Country Director of Nepal Residence Mission, ADB, signed the grant assistance agreement on January 20 at the Ministry of Finance on behalf of Government of Nepal and Asian Development Bank, respectively. It is expected that by executing this project, the climate resilience in Nepal´s mountain communities would be improved. About 45,000 households are expected to be benefitted from improved water availability during the dry seasons to support domestic and agricultural uses. The spring or surface water sources are expected to become more reliable.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>New Match Box Industry</strong></span></div>
<div>
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<span style="font-size:14px;"><strong> ‘Economic revolution responsibility of political parties’</strong></span></div>
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Minister for Finance, Shanker Prasad Koirala has said that the responsibility to take the country towards economic revolution lies with the elected political parties, adding that the incumbent government had fulfilled its duty of holding election to the second Constituent Assembly (CA). Speaking at the 47th anniversary of the Agricultural Development Bank in the Capital on January 21, Minister Koirala said that the political parties should now address the agenda of economic growth and revolution. Stating that growth of the agriculture sector was necessary to improve the livelihood of the people by increasing economic growth, Koirala said the government has been working as the captain to transform the import-oriented economy into an export-oriented one.</div>
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<div>
<span style="font-size:14px;"><strong>Australia Unhappy over Nepal’s Inability to Utilize Aid</strong></span></div>
<div>
The Government of Australia has expressed dissatisfaction over Nepal’s inability to utilize the financial aid and support it extended to improve Nepal’s health sector. Australian Ambassador to Nepal, Glen White expressed his government’s concern in this regard during a meeting with Finance Minister Shankar Prasad Koirala at the latter’s office on January 22. He said that the inability of Nepal’s government to properly spend the aid provided by the Australian government to the country’s health sector will seriously affect future aid programmes. The Australian envoy further said that it was very unfortunate to see Nepal government’s inability to spend the Australian aid provided for such a sensitive topic as public health. On the occasion, Finance Minister Koirala expressed regret over the fact, and urged the Australian government to continue extending the same kind of help and support.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Leather Goods Exhibition 2014 Concludes</strong></span></div>
<div>
The Leather Goods Exhibition 2014 concluded successfully at Bhirkutimandap in the capital on January 19, recording a business transaction of around Rs 15 million. The five-day exhibition also witnessed over 60,000 footfalls, according to Leather Footwear and Goods Manufacturers’ Association of Nepal (LFGMAN), the organizer of the Exhibition. It is estimated that nearly 40 per cent of the visitors bought leather footwear and goods at the exhibition. The event featured some 60 stalls of various leather products including jackets, belts, bags and shoes, among others. Inaugurating the Exhibition on January 14, Minister for Industry Shankar Koirala had said that the government was preparing directives to use domestic products in government offices to promote domestic goods.</div>
<div>
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<div>
<span style="font-size:14px;"><strong>Govt Preparing to Privatise Nepal Drug Ltd</strong></span></div>
<div>
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<div>
</div>
<div>
<span style="font-size:14px;"><strong>ADB’s Grant for Climate Resilience Project</strong></span></div>
<div>
The Asian Development Bank has decided to provide a grant assistance of Rs. 2.32 billion to Nepal for the execution of the project of building climate resilience of the watershed in mountain Eco-regions in Nepal. Madhu Kumar Marasini, Joint Secretary, International Economic Cooperation Coordination Division of the Ministry of Finance, and Kenichi Yokoyama, Country Director of Nepal Residence Mission, ADB, signed the grant assistance agreement on January 20 at the Ministry of Finance on behalf of Government of Nepal and Asian Development Bank, respectively. It is expected that by executing this project, the climate resilience in Nepal´s mountain communities would be improved. About 45,000 households are expected to be benefitted from improved water availability during the dry seasons to support domestic and agricultural uses. The spring or surface water sources are expected to become more reliable.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>New Match Box Industry</strong></span></div>
<div>
A new match industry has come into operation in Nepalgunj of Banke district. The Ratnalaxmi Group has invested Rs 50 million in the Ratnalaxmi Match Industry. The Industry has started producing match boxes of Teer brand with technical assistance from the multinational company, Surya Nepal Pvt Ltd, according to Prakash Adhikari, managing director of the Ratnalaxmi Group. “The supply of match boxes is still lower than the demand in the market,” said Adhikari, adding that the Industry is trying to produce skilled manpower. The industry has provided direct employment to 100 people. </div>',
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<span style="font-size:14px;"><strong> ‘Economic revolution responsibility of political parties’</strong></span></div>
<div>
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<div>
</div>
<div>
<span style="font-size:14px;"><strong>Australia Unhappy over Nepal’s Inability to Utilize Aid</strong></span></div>
<div>
The Government of Australia has expressed dissatisfaction over Nepal’s inability to utilize the financial aid and support it extended to improve Nepal’s health sector. Australian Ambassador to Nepal, Glen White expressed his government’s concern in this regard during a meeting with Finance Minister Shankar Prasad Koirala at the latter’s office on January 22. He said that the inability of Nepal’s government to properly spend the aid provided by the Australian government to the country’s health sector will seriously affect future aid programmes. The Australian envoy further said that it was very unfortunate to see Nepal government’s inability to spend the Australian aid provided for such a sensitive topic as public health. On the occasion, Finance Minister Koirala expressed regret over the fact, and urged the Australian government to continue extending the same kind of help and support.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Leather Goods Exhibition 2014 Concludes</strong></span></div>
<div>
The Leather Goods Exhibition 2014 concluded successfully at Bhirkutimandap in the capital on January 19, recording a business transaction of around Rs 15 million. The five-day exhibition also witnessed over 60,000 footfalls, according to Leather Footwear and Goods Manufacturers’ Association of Nepal (LFGMAN), the organizer of the Exhibition. It is estimated that nearly 40 per cent of the visitors bought leather footwear and goods at the exhibition. The event featured some 60 stalls of various leather products including jackets, belts, bags and shoes, among others. Inaugurating the Exhibition on January 14, Minister for Industry Shankar Koirala had said that the government was preparing directives to use domestic products in government offices to promote domestic goods.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Govt Preparing to Privatise Nepal Drug Ltd</strong></span></div>
<div>
The government has started preparations to privatise the state-owned Nepal Drug Ltd (NDL), a public enterprise which remains closed for more than past two years. In a meeting held at the Ministry of Finance (MoF) to review the performance of public enterprises on January 23, it was recommended that the NDL be handed over to the private sector, according to Janmejaya Regmi, chief of the Corporation Coordination Division under the MoF. Regmi said that preparation has been started to give voluntary retirement to the existing staff of NDL and then hand it over to the private sector.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>ADB’s Grant for Climate Resilience Project</strong></span></div>
<div>
The Asian Development Bank has decided to provide a grant assistance of Rs. 2.32 billion to Nepal for the execution of the project of building climate resilience of the watershed in mountain Eco-regions in Nepal. Madhu Kumar Marasini, Joint Secretary, International Economic Cooperation Coordination Division of the Ministry of Finance, and Kenichi Yokoyama, Country Director of Nepal Residence Mission, ADB, signed the grant assistance agreement on January 20 at the Ministry of Finance on behalf of Government of Nepal and Asian Development Bank, respectively. It is expected that by executing this project, the climate resilience in Nepal´s mountain communities would be improved. About 45,000 households are expected to be benefitted from improved water availability during the dry seasons to support domestic and agricultural uses. The spring or surface water sources are expected to become more reliable.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>New Match Box Industry</strong></span></div>
<div>
A new match industry has come into operation in Nepalgunj of Banke district. The Ratnalaxmi Group has invested Rs 50 million in the Ratnalaxmi Match Industry. The Industry has started producing match boxes of Teer brand with technical assistance from the multinational company, Surya Nepal Pvt Ltd, according to Prakash Adhikari, managing director of the Ratnalaxmi Group. “The supply of match boxes is still lower than the demand in the market,” said Adhikari, adding that the Industry is trying to produce skilled manpower. The industry has provided direct employment to 100 people. </div>',
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<span style="font-size:14px;"><strong> ‘Economic revolution responsibility of political parties’</strong></span></div>
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<div>
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<span style="font-size:14px;"><strong>Australia Unhappy over Nepal’s Inability to Utilize Aid</strong></span></div>
<div>
The Government of Australia has expressed dissatisfaction over Nepal’s inability to utilize the financial aid and support it extended to improve Nepal’s health sector. Australian Ambassador to Nepal, Glen White expressed his government’s concern in this regard during a meeting with Finance Minister Shankar Prasad Koirala at the latter’s office on January 22. He said that the inability of Nepal’s government to properly spend the aid provided by the Australian government to the country’s health sector will seriously affect future aid programmes. The Australian envoy further said that it was very unfortunate to see Nepal government’s inability to spend the Australian aid provided for such a sensitive topic as public health. On the occasion, Finance Minister Koirala expressed regret over the fact, and urged the Australian government to continue extending the same kind of help and support.</div>
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<div>
<span style="font-size:14px;"><strong>Leather Goods Exhibition 2014 Concludes</strong></span></div>
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<span style="font-size:14px;"><strong>Govt Preparing to Privatise Nepal Drug Ltd</strong></span></div>
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The government has started preparations to privatise the state-owned Nepal Drug Ltd (NDL), a public enterprise which remains closed for more than past two years. In a meeting held at the Ministry of Finance (MoF) to review the performance of public enterprises on January 23, it was recommended that the NDL be handed over to the private sector, according to Janmejaya Regmi, chief of the Corporation Coordination Division under the MoF. Regmi said that preparation has been started to give voluntary retirement to the existing staff of NDL and then hand it over to the private sector.</div>
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<span style="font-size:14px;"><strong>ADB’s Grant for Climate Resilience Project</strong></span></div>
<div>
The Asian Development Bank has decided to provide a grant assistance of Rs. 2.32 billion to Nepal for the execution of the project of building climate resilience of the watershed in mountain Eco-regions in Nepal. Madhu Kumar Marasini, Joint Secretary, International Economic Cooperation Coordination Division of the Ministry of Finance, and Kenichi Yokoyama, Country Director of Nepal Residence Mission, ADB, signed the grant assistance agreement on January 20 at the Ministry of Finance on behalf of Government of Nepal and Asian Development Bank, respectively. It is expected that by executing this project, the climate resilience in Nepal´s mountain communities would be improved. About 45,000 households are expected to be benefitted from improved water availability during the dry seasons to support domestic and agricultural uses. The spring or surface water sources are expected to become more reliable.</div>
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<div>
<span style="font-size:14px;"><strong>New Match Box Industry</strong></span></div>
<div>
A new match industry has come into operation in Nepalgunj of Banke district. The Ratnalaxmi Group has invested Rs 50 million in the Ratnalaxmi Match Industry. The Industry has started producing match boxes of Teer brand with technical assistance from the multinational company, Surya Nepal Pvt Ltd, according to Prakash Adhikari, managing director of the Ratnalaxmi Group. “The supply of match boxes is still lower than the demand in the market,” said Adhikari, adding that the Industry is trying to produce skilled manpower. The industry has provided direct employment to 100 people. </div>',
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<span style="font-size:14px;"><strong> ‘Economic revolution responsibility of political parties’</strong></span></div>
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Minister for Finance, Shanker Prasad Koirala has said that the responsibility to take the country towards economic revolution lies with the elected political parties, adding that the incumbent government had fulfilled its duty of holding election to the second Constituent Assembly (CA). Speaking at the 47th anniversary of the Agricultural Development Bank in the Capital on January 21, Minister Koirala said that the political parties should now address the agenda of economic growth and revolution. Stating that growth of the agriculture sector was necessary to improve the livelihood of the people by increasing economic growth, Koirala said the government has been working as the captain to transform the import-oriented economy into an export-oriented one.</div>
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<span style="font-size:14px;"><strong>Australia Unhappy over Nepal’s Inability to Utilize Aid</strong></span></div>
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The Government of Australia has expressed dissatisfaction over Nepal’s inability to utilize the financial aid and support it extended to improve Nepal’s health sector. Australian Ambassador to Nepal, Glen White expressed his government’s concern in this regard during a meeting with Finance Minister Shankar Prasad Koirala at the latter’s office on January 22. He said that the inability of Nepal’s government to properly spend the aid provided by the Australian government to the country’s health sector will seriously affect future aid programmes. The Australian envoy further said that it was very unfortunate to see Nepal government’s inability to spend the Australian aid provided for such a sensitive topic as public health. On the occasion, Finance Minister Koirala expressed regret over the fact, and urged the Australian government to continue extending the same kind of help and support.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Leather Goods Exhibition 2014 Concludes</strong></span></div>
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The Leather Goods Exhibition 2014 concluded successfully at Bhirkutimandap in the capital on January 19, recording a business transaction of around Rs 15 million. The five-day exhibition also witnessed over 60,000 footfalls, according to Leather Footwear and Goods Manufacturers’ Association of Nepal (LFGMAN), the organizer of the Exhibition. It is estimated that nearly 40 per cent of the visitors bought leather footwear and goods at the exhibition. The event featured some 60 stalls of various leather products including jackets, belts, bags and shoes, among others. Inaugurating the Exhibition on January 14, Minister for Industry Shankar Koirala had said that the government was preparing directives to use domestic products in government offices to promote domestic goods.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Govt Preparing to Privatise Nepal Drug Ltd</strong></span></div>
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<div>
</div>
<div>
<span style="font-size:14px;"><strong>ADB’s Grant for Climate Resilience Project</strong></span></div>
<div>
The Asian Development Bank has decided to provide a grant assistance of Rs. 2.32 billion to Nepal for the execution of the project of building climate resilience of the watershed in mountain Eco-regions in Nepal. Madhu Kumar Marasini, Joint Secretary, International Economic Cooperation Coordination Division of the Ministry of Finance, and Kenichi Yokoyama, Country Director of Nepal Residence Mission, ADB, signed the grant assistance agreement on January 20 at the Ministry of Finance on behalf of Government of Nepal and Asian Development Bank, respectively. It is expected that by executing this project, the climate resilience in Nepal´s mountain communities would be improved. About 45,000 households are expected to be benefitted from improved water availability during the dry seasons to support domestic and agricultural uses. The spring or surface water sources are expected to become more reliable.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>New Match Box Industry</strong></span></div>
<div>
A new match industry has come into operation in Nepalgunj of Banke district. The Ratnalaxmi Group has invested Rs 50 million in the Ratnalaxmi Match Industry. The Industry has started producing match boxes of Teer brand with technical assistance from the multinational company, Surya Nepal Pvt Ltd, according to Prakash Adhikari, managing director of the Ratnalaxmi Group. “The supply of match boxes is still lower than the demand in the market,” said Adhikari, adding that the Industry is trying to produce skilled manpower. The industry has provided direct employment to 100 people. </div>',
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<span style="font-size:14px;"><strong> ‘Economic revolution responsibility of political parties’</strong></span></div>
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Minister for Finance, Shanker Prasad Koirala has said that the responsibility to take the country towards economic revolution lies with the elected political parties, adding that the incumbent government had fulfilled its duty of holding election to the second Constituent Assembly (CA). Speaking at the 47th anniversary of the Agricultural Development Bank in the Capital on January 21, Minister Koirala said that the political parties should now address the agenda of economic growth and revolution. Stating that growth of the agriculture sector was necessary to improve the livelihood of the people by increasing economic growth, Koirala said the government has been working as the captain to transform the import-oriented economy into an export-oriented one.</div>
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<span style="font-size:14px;"><strong>Australia Unhappy over Nepal’s Inability to Utilize Aid</strong></span></div>
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The Government of Australia has expressed dissatisfaction over Nepal’s inability to utilize the financial aid and support it extended to improve Nepal’s health sector. Australian Ambassador to Nepal, Glen White expressed his government’s concern in this regard during a meeting with Finance Minister Shankar Prasad Koirala at the latter’s office on January 22. He said that the inability of Nepal’s government to properly spend the aid provided by the Australian government to the country’s health sector will seriously affect future aid programmes. The Australian envoy further said that it was very unfortunate to see Nepal government’s inability to spend the Australian aid provided for such a sensitive topic as public health. On the occasion, Finance Minister Koirala expressed regret over the fact, and urged the Australian government to continue extending the same kind of help and support.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Leather Goods Exhibition 2014 Concludes</strong></span></div>
<div>
The Leather Goods Exhibition 2014 concluded successfully at Bhirkutimandap in the capital on January 19, recording a business transaction of around Rs 15 million. The five-day exhibition also witnessed over 60,000 footfalls, according to Leather Footwear and Goods Manufacturers’ Association of Nepal (LFGMAN), the organizer of the Exhibition. It is estimated that nearly 40 per cent of the visitors bought leather footwear and goods at the exhibition. The event featured some 60 stalls of various leather products including jackets, belts, bags and shoes, among others. Inaugurating the Exhibition on January 14, Minister for Industry Shankar Koirala had said that the government was preparing directives to use domestic products in government offices to promote domestic goods.</div>
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<span style="font-size:14px;"><strong>Govt Preparing to Privatise Nepal Drug Ltd</strong></span></div>
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<div>
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<div>
<span style="font-size:14px;"><strong>ADB’s Grant for Climate Resilience Project</strong></span></div>
<div>
The Asian Development Bank has decided to provide a grant assistance of Rs. 2.32 billion to Nepal for the execution of the project of building climate resilience of the watershed in mountain Eco-regions in Nepal. Madhu Kumar Marasini, Joint Secretary, International Economic Cooperation Coordination Division of the Ministry of Finance, and Kenichi Yokoyama, Country Director of Nepal Residence Mission, ADB, signed the grant assistance agreement on January 20 at the Ministry of Finance on behalf of Government of Nepal and Asian Development Bank, respectively. It is expected that by executing this project, the climate resilience in Nepal´s mountain communities would be improved. About 45,000 households are expected to be benefitted from improved water availability during the dry seasons to support domestic and agricultural uses. The spring or surface water sources are expected to become more reliable.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>New Match Box Industry</strong></span></div>
<div>
A new match industry has come into operation in Nepalgunj of Banke district. The Ratnalaxmi Group has invested Rs 50 million in the Ratnalaxmi Match Industry. The Industry has started producing match boxes of Teer brand with technical assistance from the multinational company, Surya Nepal Pvt Ltd, according to Prakash Adhikari, managing director of the Ratnalaxmi Group. “The supply of match boxes is still lower than the demand in the market,” said Adhikari, adding that the Industry is trying to produce skilled manpower. The industry has provided direct employment to 100 people. </div>',
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<span style="font-size:14px;"><strong> ‘Economic revolution responsibility of political parties’</strong></span></div>
<div>
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<div>
</div>
<div>
<span style="font-size:14px;"><strong>Australia Unhappy over Nepal’s Inability to Utilize Aid</strong></span></div>
<div>
The Government of Australia has expressed dissatisfaction over Nepal’s inability to utilize the financial aid and support it extended to improve Nepal’s health sector. Australian Ambassador to Nepal, Glen White expressed his government’s concern in this regard during a meeting with Finance Minister Shankar Prasad Koirala at the latter’s office on January 22. He said that the inability of Nepal’s government to properly spend the aid provided by the Australian government to the country’s health sector will seriously affect future aid programmes. The Australian envoy further said that it was very unfortunate to see Nepal government’s inability to spend the Australian aid provided for such a sensitive topic as public health. On the occasion, Finance Minister Koirala expressed regret over the fact, and urged the Australian government to continue extending the same kind of help and support.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Leather Goods Exhibition 2014 Concludes</strong></span></div>
<div>
The Leather Goods Exhibition 2014 concluded successfully at Bhirkutimandap in the capital on January 19, recording a business transaction of around Rs 15 million. The five-day exhibition also witnessed over 60,000 footfalls, according to Leather Footwear and Goods Manufacturers’ Association of Nepal (LFGMAN), the organizer of the Exhibition. It is estimated that nearly 40 per cent of the visitors bought leather footwear and goods at the exhibition. The event featured some 60 stalls of various leather products including jackets, belts, bags and shoes, among others. Inaugurating the Exhibition on January 14, Minister for Industry Shankar Koirala had said that the government was preparing directives to use domestic products in government offices to promote domestic goods.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Govt Preparing to Privatise Nepal Drug Ltd</strong></span></div>
<div>
The government has started preparations to privatise the state-owned Nepal Drug Ltd (NDL), a public enterprise which remains closed for more than past two years. In a meeting held at the Ministry of Finance (MoF) to review the performance of public enterprises on January 23, it was recommended that the NDL be handed over to the private sector, according to Janmejaya Regmi, chief of the Corporation Coordination Division under the MoF. Regmi said that preparation has been started to give voluntary retirement to the existing staff of NDL and then hand it over to the private sector.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>ADB’s Grant for Climate Resilience Project</strong></span></div>
<div>
The Asian Development Bank has decided to provide a grant assistance of Rs. 2.32 billion to Nepal for the execution of the project of building climate resilience of the watershed in mountain Eco-regions in Nepal. Madhu Kumar Marasini, Joint Secretary, International Economic Cooperation Coordination Division of the Ministry of Finance, and Kenichi Yokoyama, Country Director of Nepal Residence Mission, ADB, signed the grant assistance agreement on January 20 at the Ministry of Finance on behalf of Government of Nepal and Asian Development Bank, respectively. It is expected that by executing this project, the climate resilience in Nepal´s mountain communities would be improved. About 45,000 households are expected to be benefitted from improved water availability during the dry seasons to support domestic and agricultural uses. The spring or surface water sources are expected to become more reliable.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>New Match Box Industry</strong></span></div>
<div>
A new match industry has come into operation in Nepalgunj of Banke district. The Ratnalaxmi Group has invested Rs 50 million in the Ratnalaxmi Match Industry. The Industry has started producing match boxes of Teer brand with technical assistance from the multinational company, Surya Nepal Pvt Ltd, according to Prakash Adhikari, managing director of the Ratnalaxmi Group. “The supply of match boxes is still lower than the demand in the market,” said Adhikari, adding that the Industry is trying to produce skilled manpower. The industry has provided direct employment to 100 people. </div>',
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