Kathmandu: Nepal’s economy is projected to grow 4.5 percent in FY25, up from 3.9 percent in FY24, despite significant natural disasters in late 2024. Growth is expected to be driven by increased domestic trade, hydropower generation and paddy production, according to the World Bank’s latest Nepal Development Update: Leveraging Resilience and Implementing Reforms for Boosting… Continue reading Nepal’s Economy Expected to Remain Resilient in Face of Economic Shocks, says World Bank
Kathmandu’s air quality reaches ‘Very Unhealthy’ levels, ranks as world’s most polluted city
Kathmandu: Kathmandu Valley’s air quality has deteriorated to a very unhealthy level, with the Air Quality Index (AQI) hovering around 260 throughout the day on Thursday. According to IQAir, a global air quality monitoring agency, Kathmandu ranked as the most polluted city in the world today. An AQI reading above 200 is considered hazardous for… Continue reading Kathmandu’s air quality reaches ‘Very Unhealthy’ levels, ranks as world’s most polluted city
Digital financial services transforming Nepal’s economy, says IFC-NRB report
Kathmandu: Nepal’s digital financial sector is rapidly expanding, driving financial inclusion and economic growth, according to a flagship report launched by the International Finance Corporation (IFC) and Nepal Rastra Bank (NRB). The report outlines key milestones achieved through two major projects: Access to Financial Services, supported by Japan and the United Kingdom, and Digital Financial… Continue reading Digital financial services transforming Nepal’s economy, says IFC-NRB report
Nepal, Thailand sign six MoUs to boost bilateral cooperation
Kathmandu: Nepal and Thailand signed six Memorandums of Understanding (MoUs) today, strengthening ties in trade, tourism, education, and cultural cooperation during Prime Minister KP Sharma Oli’s official visit to Thailand. The agreements include two MoUs at the government level and four from non-government entities. Before the signing, Prime Minister Oli met with his Thai counterpart,… Continue reading Nepal, Thailand sign six MoUs to boost bilateral cooperation
Govt to compensate families of Tinkune protest victims
Kathmandu: The Ministry of Home Affairs (MoHA) has decided to provide Rs 1 million each to the families of two individuals killed during the pro-monarchy protest in Tinkune on March 28. Protester Sabin Maharjan was shot dead by police during the demonstration, while journalist Suresh Rajak lost his life in a fire that broke out… Continue reading Govt to compensate families of Tinkune protest victims
NRNA urges Nepal govt to improve investment climate
Kathmandu: The Non-Resident Nepali Association (NRNA) called on the Nepal government to implement clear laws and provide proper citizenship provisions to encourage investment in the country. Speaking at the 16th Europe Regional Conference in Malta, NRNA members emphasized the need for political stability and a more favorable investment environment. During a meeting with Nepal’s Minister… Continue reading NRNA urges Nepal govt to improve investment climate
Nepal seeks UN support for sustainable tourism and technology development
Kathmandu: Nepal has formally requested the United Nations (UN) to support the development of technology and sustainable tourism in the country. This request was made by a delegation from the Nepal Tourism Board (NTB) during a meeting with UN tourism officials in Madrid as part of their ongoing Europe trip. The delegation, led by Binod… Continue reading Nepal seeks UN support for sustainable tourism and technology development
Gold prices hit all-time high, silver prices see slight decline
Kathmandu: The price of gold has reached a new record in the domestic market, with an increase of Rs 600 per tola on Sunday. According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is now being traded at Rs 176,800 per tola, surpassing the previous price of Rs 176,200 per tola… Continue reading Gold prices hit all-time high, silver prices see slight decline
KMC sends fine notice to former King Gyanendra Shah for damage and littering during Tinkune protest
Kathmandu: The Kathmandu Metropolitan City (KMC) has issued a fine notice to former King Gyanendra Shah after he refused to accept a letter regarding penalties for damage and littering during the pro-monarchy protest in Tinkune last Friday. The penalty amounts to Rs 793,000, which covers the costs of the damage and cleanup required in the… Continue reading KMC sends fine notice to former King Gyanendra Shah for damage and littering during Tinkune protest
Statewide manhunt launched for pro-monarchy leader after fatal Tinkune violence
Kathmandu: Authorities have initiated a statewide manhunt for Durga Prasai, the leader of the pro-monarchy procession in Tinkune on Friday, which resulted in the deaths of two individuals and left several others injured. Prasai, who fled the scene following the chaos, is currently in hiding as authorities ramp up efforts to apprehend him. As of… Continue reading Statewide manhunt launched for pro-monarchy leader after fatal Tinkune violence