Nepal

India gives NRs 180mn for river training in Nepal

India has provided the largest sum for river training in Nepal in a bid to control floods that also affect India during the monsoon season

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Cold shouldered

 

Now in the grip of winter, Nepal has been experiencing a constant drop in temperatures country-wide. Meteorologists expect that the cold wave  will continue in the days to come, as such drops in temperature are normal this time of the year.

Plugged on

Kathmandu Valley now has five electric vehicle (EV) charging stations. Plans are afoot to add more, including outside the Valley. This effort by the Nepal Electricity Authority (NEA) should be lauded; it will not only bring relief to EV owners in the Valley, but will also incentivise news ones  to purchase such vehicles.

Building blocks

Nepali economy has entered 2018 in better health. Nepal’s economic growth rate topped a 23-year high of 6.9 percent in the fiscal year 2017, inflation stood at 3.9 percent in November (the latest data available), and foreign exchange reserves have adequate funds to finance merchandise imports of up to 13.5 months.

Slippery road ahead

The resolution of the dispute over the National Assembly (NA) election ordinance came as a pleasant surprise. After months of holding on to the draft ordinance and asking the Nepali Congress to reach a compromise with the other parties, President Bidya Bhandari suddenly ratified the ordinance on Friday.

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