Kathmandu: The cabinet has appointed Lila Devi Gadtaula as the country’s first female Chief Secretary, marking a significant milestone in Nepal’s administrative history. The announcement was made following today’s Council of Ministers meeting. Minister for Communications and Information Technology and Government Spokesperson Prithvi Subba Gurung confirmed Gadtaula’s appointment. Despite this historic achievement, Gadtaula’s tenure as… Continue reading Historic appointment: Lila Devi Gadtaula named Nepal’s first female Chief Secretary
Nepal Rastra Bank unveils monetary policy for FY 2024/2025
Kathmandu: Nepal Rastra Bank (NRB) has announced its Monetary Policy for the fiscal year 2024/2025, implementing key adjustments to its financial regulations. The central bank has reduced the bank rate and deposit collection rate as part of its new policy measures. Governor Maha Prasad Adhikari revealed that the upper limit of the interest rate corridor… Continue reading Nepal Rastra Bank unveils monetary policy for FY 2024/2025
EU Ambassador to Nepal meets with Foreign Affairs Minister
Kathmandu: European Union (EU) Ambassador to Nepal, Veronique Lorenzo, conducted a courtesy visit to the Minister for Foreign Affairs, Dr. Arzu Rana Deuba, on Friday. During the meeting, which took place at the Ministry of Foreign Affairs, both parties discussed various facets of Nepal-EU relations. The engagement aimed to explore and strengthen the collaborative ties… Continue reading EU Ambassador to Nepal meets with Foreign Affairs Minister
Biden delivers solemn call to defend democracy as he lays out his reasons for quitting race
Kathmandu: President Joe Biden on Wednesday delivered a solemn call to voters to defend the country’s democracy as he laid out in an Oval Office address his decision to drop his bid for reelection and throw his support behind Vice President Kamala Harris. Insisting that “the defense of democracy is more important than any title,”… Continue reading Biden delivers solemn call to defend democracy as he lays out his reasons for quitting race
Tragedy strikes: Saurya Airlines plane crash claims lives
Kathmandu: Authorities have confirmed that 18 out of the 19 individuals aboard the Saurya Airlines plane tragically lost their lives following a crash at Tribhuvan International Airport (TIA) in Kathmandu early Wednesday morning. The incident occurred during takeoff, near the TIA premises, as reported by TIA officials. The flight, bound for Pokhara, carried a total… Continue reading Tragedy strikes: Saurya Airlines plane crash claims lives
Hotel Association Nepal urges government for full-capacity airport operations
Kathmandu: Hotel Association Nepal (HAN) has appealed to the government to create an environment conducive to full-capacity operations at airports. A delegation led by HAN President Vinayak Shah met with Deputy Prime Minister and Finance Minister Vishnu Paudel on Tuesday to discuss increasing international flights to boost tourist arrivals. Minister Paudel highlighted plans to expand… Continue reading Hotel Association Nepal urges government for full-capacity airport operations
Kamala Harris wins enough support to clinch Democratic nomination
Kathmandu: Vice-President Kamala Harris has secured the support of a majority of Democratic delegates to become the party’s nominee for president. A survey by the Associated Press on Monday evening said she had received the endorsement of more than the 1,976 delegates needed to win the nomination in the first round of voting. That means… Continue reading Kamala Harris wins enough support to clinch Democratic nomination
China to raise retirement age as population gets older
Kathmandu: China will gradually raise its statutory retirement age in the next five years to try to cope with its ageing population and buckling pension system. Life expectancy in the country has now risen above the United States, to 78 years, from just 36 years at the time of the Communist revolution in 1949. But… Continue reading China to raise retirement age as population gets older
Nepal reports improved trade figures for Fiscal Year 2023/24
Kathmandu: Nepal’s foreign trade statistics for the fiscal year 2023/24, released by the Department of Customs, reveal a notable improvement in the country’s trade deficit and overall trade performance. During the last fiscal year, Nepal conducted foreign trade amounting to Rs 1,745 billion, resulting in a trade deficit of Rs 1,440 billion. This marks a… Continue reading Nepal reports improved trade figures for Fiscal Year 2023/24
NEPSE witnesses significant surge, hits 2,488.09 points
Kathmandu: In a remarkable turn of events, the Nepal Stock Exchange (NEPSE) recorded a substantial increase of 75.33 points on Tuesday, closing at 2,488.09 points. The day commenced with NEPSE opening at 2,412.76 points, briefly dipping to a low of 2,470.47 points within the first 15 minutes of trading. However, the index displayed a robust… Continue reading NEPSE witnesses significant surge, hits 2,488.09 points