KATHMANDU: The government has approved a special price adjustment mechanism for public construction contracts, providing relief to construction businesses affected by unusual increases in material prices. A Cabinet meeting held on Monday decided to implement the special price adjustment under…

KATHMANDU: The Kaligandaki Corridor, which was blocked by floods and landslides, is expected to take at least another week to reopen. Although landslides have been cleared at several locations, some sections were washed away and require new road tracks and…

KATHMANDU: The Nepal Automobile Importers and Manufacturers Association (NAIMA) has requested the Department of Transport Management (DoTM) to extend the vehicle registration deadline for businesses affected by recent floods and landslides. Under the existing provision, vehicles must be registered at…

KATHMANDU: Insurance claims worth Rs 3.08 billion have been filed for 1,066 vehicles damaged or swept away by the devastating Bhotekoshi flood in Rasuwa on August 26. According to the Nepal Insurance Authority, claims totaling Rs 3.079 billion had been…

KATHMANDU: The government has started preparations to resume operations at the Kodari (Tatopani) border point with China within the next few days, according to Infrastructure Development Minister Sunil Lamsal. Lamsal said the government has started the necessary work to bring…