Kathmandu: The Nepal Government and the World Bank today signed an agreement for additional financing of USD75 million to support access to safe and effective COVID-19 vaccines for Nepal’s prioritized populations.The agreement was signed by the Finance Secretary, Sishir Kumar Dhungana on behalf of the government and the World Bank Country Director for Maldives, Nepal,… Continue reading World Bank to support $75 mn to Nepal for covid-19 vaccines
Month: April 2021
BIMSTEC meeting; Nepal stress on network expansion, energy, trade and investment promotion
NRB increases gold import quota
Kathmandu: Nepal Rastra Bank (NRB) has increased the daily quota of gold imported by commercial banks to 20 kg. NRB has issued a circular to the commercial banks on Thursday allowing them to import gold up to 20 kg per day. Last year, the government reduced gold imports to 10 kg per day due to… Continue reading NRB increases gold import quota
Microsoft wins $22 billion deal-making headsets for US Army
(AP): Microsoft won a nearly $22 billion contract to supply U.S. Army combat troops with its augmented reality headsets. Microsoft and the Army separately announced the deal Wednesday. The technology is based on Microsoft’s HoloLens headsets, which were originally intended for the video game and entertainment industries. Pentagon officials have described the futuristic technology —… Continue reading Microsoft wins $22 billion deal-making headsets for US Army
Biden unveils ‘once in a generation’ spending plan
(BBC): US President Joe Biden has called for trillions in spending aimed at re-igniting America’s economic growth by upgrading its crumbling infrastructure and tackling climate change. The $2.3tn (£1.7tn) proposal would direct billions to initiatives such as charging stations for electric vehicles and eliminating lead water pipes. The spending would be partially offset by raising… Continue reading Biden unveils ‘once in a generation’ spending plan
France schools to close under third lockdown
(BBC): French schools will close for at least three weeks as part of new national restrictions to fight rising Covid cases, President Emmanuel Macron says. Mr Macron said that schools would move to remote learning from next week. Lockdown measures, introduced in some areas of France earlier this month, are also being extended to other… Continue reading France schools to close under third lockdown