Nepal Oil Corporation
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Nepal Oil Corporation
Nepal Oil Corporation Limited (NOC) ( ne, नेपाल आयल निगम लिमिटेड) is a monopoly state owned trading enterprise of Nepal that imports, stores and distributes various petroleum products in the country. In Nepal, no private or other companies are allowed to import Petrol and Diesel other than NOC. It was established on 1970 by the Government of Nepal under the "Company Act, 2021 (1964)". The government owns 99.46% of its share and rest is contributed by four other state owned enterprises: Rastriya Beema Sansthan, National Trading Ltd., Nepal Bank Ltd. and Rastriya Banijya Bank. History In the very beginning, the trading activities of NOC were started by storing two products in two drums under the leadership of the late Mr. Subarna Bikram Thapa appointed by Government of Nepal. His persistent endeavor to develop NOC resulted in more than 30,000 kilolitres (kL) of storage facilities for petroleum products in different development regions of Nep ...
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Kathmandu
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Nepal Bank Limited
Nepal Bank Limited ( ne, नेपाल बैंक लिमिटेड) is the first commercial bank of Nepal. It was established in 1937, by Juddha Shumsher, which marked the beginning of an era of formal banking in Nepal. History On November 15, 1937 (Kartik 30, 1994), the then King Tribhuvan inaugurated Nepal Bank Limited. This marked the beginning of an era of formal banking in Nepal. Until then all monetary transactions were carried out by private dealers and trading center. In that era, very few understood or had confidence in this new concept of formal banking. Rising equity shares were not easy and mobilization of deposits even more difficult. This was evident when the bank floated equity shares worth NPR 2,500,000, but was successful only in raising NPR 842,000. The total deposits for the first year was NPR 17,02,025 where current deposits was about NPR 12,98,898 fixed was about NPR 3,88,964 and saving was NPR 14,163. Loan disbursed and outstanding at the end of ...
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Foreign Trade Of Nepal
Foreign may refer to: Government * Foreign policy, how a country interacts with other countries * Ministry of Foreign Affairs, in many countries ** Foreign Office, a department of the UK government ** Foreign office and foreign minister * United States state law, a legal matter in another state Science and technology * Foreign accent syndrome, a side effect of severe brain injury * Foreign key, a constraint in a relational database Arts and entertainment * Foreign film or world cinema, films and film industries of non-English-speaking countries * Foreign music or world music * Foreign literature or world literature * ''Foreign Policy'', a magazine Music * "Foreign", a song by Jessica Mauboy from her 2010 album ''Get 'Em Girls'' * "Foreign" (Trey Songz song), 2014 * "Foreign", a song by Lil Pump from the album ''Lil Pump'' Other uses * Foreign corporation, a corporation that can do business outside its jurisdiction * Foreign language, a language not spoken by the people of a ce ...
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Oil And Gas Companies Of Nepal
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from Latin ''oleum'', which in turn comes from the Greek (''elaio ...
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Motihari
Motihari is the headquarters of East Champaran district in the Indian States and territories of India, state of Bihar. It is located District entry point and New City 40.09 kilometres Northeast Mehsi. north of the state capital Patna. Geography Motihari is located on 26°39' N and 84°55' E in northwestern Bihar. It is about northwest from the state capital Patna, from Bettiah, from Muzaffarpur, from Mehsi, and from Sitamarhi. It is on the east bank of a lake, about southeast of Bettiah. Topography The topography of Motihari has been described as scenic, with the "stunning beauty" (in classical terms) of Moti Jheel Lake dividing the town in two halves. In Gangan Lit-Mag (Gangway Literary Magazine), Austria, wrote Anant Kumar: "The playgrounds of my childhood were the streets of Motihari. Back then that little East Indian town was not overpopulated, and the dry, clean streets of every part of town were ideal for our games: marbles, tops, badminton. And bac ...
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Motihari-Amlekhganj Pipeline
Motihari-Amlekhgunj pipeline is a long trans-border petrolium pipeline between Amlekhgunj Oil Depot in Parsa of Nepal and Motihari of India. This pipeline transports petroleum from Indian Oil Corporation (IOC) to Nepal Oil Corporation (NOC). It is also the first ever trans-national pipeline in the Indian subcontinent. It has an annual capacity of two million metric tonn. History The pipeline was first proposed in 1996. An agreement was reached between the NOC and IOC in 2004. The project finally was set for construction after the visit of Indian prime minister Narendra Modi Narendra Damodardas Modi (; born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. Modi was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament from ... to Kathmandu in 2014. Both governments inked an agreement to execute the project in August 2015. However, the project construction was delayed due to the ...
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Government Of Nepal
The Government of Nepal ( ne, नेपाल सरकार) is the federal executive authority of Nepal. Prior to the abolition of the Nepali monarchy in 2006 (became republic in 2008), it was officially known as His Majesty's Government. The head of state is the president and the prime minister holds the position of the head of executive. The role of president is largely ceremonial as the functioning of the government is managed entirely by the prime minister, who is appointed by the Parliament. The heads of constitutional bodies are appointed by the president on the recommendation of Constitutional Council, with the exception of the attorney general, who is appointed by the president on the recommendation of the prime minister. History Old Bharadari governmentship The character of government in Kingdom of Nepal was driven from consultative state organ of the previous Gorkha hill principality, known as Bharadar. These Bharadars were drawn from high caste and politically i ...
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Rastriya Banijya Bank
Rastriya Banijya Bank (RBB) (translation: National Commercial Bank; ne, राष्ट्रिय वाणिज्य बैंक) is fully government owned, and the largest commercial bank in Nepal. RBB was established on January 23, 1966 (2022 Magh 10 BS) under the RBB Act. RBB provides banking services to customers including banks, insurance companies, industrial trading houses, airlines, hotels, and many other sectors. RBB has 263 branches. Constituted under RBB Act 2021 with the full ownership of the government of Nepal The Government of Nepal ( ne, नेपाल सरकार) is the federal executive authority of Nepal. Prior to the abolition of the Nepali monarchy in 2006 (became republic in 2008), it was officially known as His Majesty's Government. T ..., the bank has been running under Bank and Financial Institute Act (BAFIA) and Company Act (CA) 2063. The bank, licensed by NRB as an 'A' class commercial bank of the country, is a component of the Nepa ...
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National Trading Limited
National Trading Limited is the parent company that monitors all aspects of trading in Nepal. It is part of the Ministry of Commerce of the Government of Nepal (GoN). The National Trading Limited Board of Directors has five members, and is responsible for formulating short and long-term policies on NTL's periodical plans, programmers and policies. The chairman and the General Manager are responsible for the appropriate execution of the plans, programmers and policies formulated and decided by the Board. The chairman and the board member are all appointees of GoN.). Objective * To stabiles the price of construction materials and industrial raw materials needed for the country both by local purchase and import. * To maintain stable price through increase in supply by importing the necessary consumer goods A final good or consumer good is a final product ready for sale that is used by the consumer to satisfy current wants or needs, unlike a intermediate good, which is used to p ...
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Nepal
Nepal (; ne, नेपाल ), formerly the Federal Democratic Republic of Nepal ( ne, सङ्घीय लोकतान्त्रिक गणतन्त्र नेपाल ), is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain, bordering the Tibet Autonomous Region of China to the north, and India in the south, east, and west, while it is narrowly separated from Bangladesh by the Siliguri Corridor, and from Bhutan by the Indian state of Sikkim. Nepal has a diverse geography, including fertile plains, subalpine forested hills, and eight of the world's ten tallest mountains, including Mount Everest, the highest point on Earth. Nepal is a multi-ethnic, multi-lingual, multi-religious and multi-cultural state, with Nepali as the official language. Kathmandu is the nation's capital and the largest city. The name "Nepal" is first recorded in texts from the Vedic period of the India ...
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Government Of Nepal
The Government of Nepal ( ne, नेपाल सरकार) is thfederal executiveauthority of Nepal. Prior to the abolition of the Nepali monarchy in 2006 (Nepal became a republic in 2008), it was officially known as His Majesty's Government. The head of state is the president and the prime minister holds the position of the head of executive. The role of president is largely ceremonial as the functioning of the government is managed entirely by the prime minister, who is appointed by the Parliament. The heads of constitutional bodies are appointed by the president on the recommendation of Constitutional Council, with the exception of the attorney general, who is appointed by the president on the recommendation of the prime minister. History Old Bharadari governmentship The character of government in Kingdom of Nepal was driven from consultative state capacity of the previous Gorkha hill principality, known as Bharadar. These Bharadars were not drawn from high caste and p ...
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Liquified Petroleum Gas
Liquefied petroleum gas (LPG or LP gas) is a fuel gas which contains a flammable mixture of hydrocarbon gases, specifically propane, propylene, butylene, isobutane and n-butane. LPG is used as a fuel gas in heating appliances, cooking equipment, and vehicles. It is increasingly used as an aerosol propellant and a refrigerant, replacing chlorofluorocarbons in an effort to reduce damage to the ozone layer. When specifically used as a vehicle fuel, it is often referred to as autogas or even just as gas. Varieties of LPG that are bought and sold include mixes that are mostly propane (), mostly butane (), and, most commonly, mixes including both propane and butane. In the northern hemisphere winter, the mixes contain more propane, while in summer, they contain more butane. In the United States, mainly two grades of LPG are sold: commercial propane and HD-5. These specifications are published by the Gas Processors Association (GPA) and the American Society of Testing and Materi ...
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