Explore Business Standard
KP Oli
Nepal Prime Minister K P Sharma Oli on Friday said the government has prepared a roadmap for generating 28,500 MW of electricity by 2035. Nepal currently generates around 2,500 MW of hydro power. Addressing a programme organised by Independent Power Producers' Association Nepal (IPPAN) to commemorate its silver jubilee in Kathmandu, Oli said there was no need to worry about the sale of energy as the energy producers would find sufficient market for the energy produced by them. There is no need to worry about energy consumption as heavy industries like iron and steel and fertilizer plants are in the process of being established in the country and preparations are being made to operate the closed industries in a new modality, Oli said. The prime minister said that the government is also conducting research into producing green hydrogen energy within the country. Oli also invited the private sector as well as foreign investors to invest in hydropower sector saying that the government
Nandan Nilekani, co-founder of Infosys, K P Singh, chairman emeritus at DLF, and Nikhil Kamath, co-founder of Zerodha, have been named on the 17th edition of Forbes Asia's Heroes of Philanthropy list released on Thursday. The unranked list "highlights business leaders who are donating from their fortunes and giving personal time and attention to their select causes", Forbes said in a press release. The annual list, which spotlights 15 philanthropists, does not include corporate philanthropy except for privately-held companies where the individual is a majority owner. Nandan Nilekani, co-founder and chairman of tech giant Infosys, have made it to the list for donating Rs 3.2 billion (USD 38 million) to his alma mater IIT Bombay in June, Forbes said, adding that the gift will be made over a period of five years. This was to mark his 50-year association with the technology institute, where he studied electrical engineering as an undergraduate. Since 1999, Nilekani has given Rs 4 bill
Nepal's main opposition party Nepali Congress has initiated moves to topple Prime Minister K P Sharma Oli and form an alternative government under its leadership with the support of the CPN-Maoist Centre and other parties. The Central Working Committee of the Nepali Congress (NC) on Saturday decided to take initiative to form a new government under its leadership, according to party's senior leader Prakash Man Singh. The NC will ask Prime Minister Oli to step down and allow formation of a new government, said Singh. If he does not resign, the NC will move a no-trust motion against him in the House of Representatives and take initiative to form a new government under its leadership to save the democratic achievements of the past, he added. There is very much possibility of regression threatening the democratic republic system hard earned by the people through various movements, as Prime Minister Oli's unconstitutional move has posed a threat to democracy, he added. Being the main .