Kathmandu: The World Bank’s Board of Executive Directors today approved a $150 million development policy credit to support Nepal’s resilient recovery from the COVID-19 pandemic, protect the most vulnerable, and support sustainable growth. “Amid the economic and social impacts of the pandemic, our priority is to provide immediate relief to affected populations and support Nepal’s… Continue reading World Bank supports Nepal with $150 mn for Pandemic response and recovery
Month: June 2021
HMD Global launches Nokia G20 and G10 in Nepal
Kathmandu: HMD Global, the home of Nokia phones, has launched the Nokia G20 and the Nokia G10 – the latest smartphone with the first-ever three-day battery life to help people power their busy lives in Nepal.The new G-series boasts the longest battery life yet for a Nokia smartphone. Ravi Kunwar, General Manager – Pan Asia… Continue reading HMD Global launches Nokia G20 and G10 in Nepal
World Bank rejects El Salvador request for Bitcoin help
BBC: The World Bank has rejected a request from El Salvador to help with the implementation of Bitcoin as legal tender. The international lender cited concerns over transparency and the environmental impact of Bitcoin mining. Earlier this month, the Central American country announced plans to become the first nation to formally adopt the digital currency.… Continue reading World Bank rejects El Salvador request for Bitcoin help
Mostly BFIs branch office open from today
Kathmandu: Most of the branch offices of banks and financial institutions in Kathmandu Valley are open from today. Most of the bank’s branch offices reopened on Tuesday after the government decided to extend the restrictions by one week. According to Nepal Rastra Bank the banks have been instructed to open minimum branches by following the… Continue reading Mostly BFIs branch office open from today
Euro Cup: Portugal playing against Hungary
Kathmandu: Portugal and Hungary will meet in the Euro Cup tonight. Former winner Portugal will face Hungary in a match starting at 9.45 pm Nepali time. The two teams in Group F will meet at the Puskas Arena in Budapest. This time, out of the 11 host countries of the Euro Cup, Hungary is the… Continue reading Euro Cup: Portugal playing against Hungary
2,745 people infected; 4,187 recovered from corona in last 24 hours
Kathmandu: In the last 24 hours, an additional 2,745 people have been confirmed infected with the corona virus. According to the Ministry of Health and Population, out of 7,449 PCR tests 1,681 tested positive and out of 5,841 antigen tests 1,064 tested positive for coronavirus. In the last 24 hours, 41 people have died due… Continue reading 2,745 people infected; 4,187 recovered from corona in last 24 hours
Novavax: Large study finds COVID-19 shot about 90pc effective
AP: Vaccine maker Novavax said Monday its COVID-19 shot was highly effective against the disease and also protected against variants in a large study in the U.S. and Mexico, potentially offering the world yet another weapon against the virus at a time when developing countries are desperate for doses. The two-shot vaccine was about 90… Continue reading Novavax: Large study finds COVID-19 shot about 90pc effective
All seven provincial govt announcing budget today
Kathmandu: All the seven provincial governments are set to unveil the budget for the fiscal year 2021/22 today. According to the Intergovernmental Financial Management Act, the budget has to be presented in the province assembly on June 15. The central government has given four types of grants to seven provincial governments of Rs 103 billion.… Continue reading All seven provincial govt announcing budget today
National Innovation Center hands over 50 ventilators to govt
Kathmandu: The National Innovation Center has handed over 50 ventilators to the government. The ventilator provided by Gradion Health Systems USA was brought to Nepal in collaboration with the National Innovation Center and the US-Nepal Medical Foundation and handed over to the government on Monday. President of the US-Nepal Medical Foundation Dr. Bhupendra Basnet and… Continue reading National Innovation Center hands over 50 ventilators to govt
Remittances increase by 19.2 pc in last 10 months
Kathmandu: Remittance inflows have increased by 19.2 percent to Rs.809.89 billion in the first 10 months of the current fiscal year against a decrease of 6.3 percent in the same period of the previous year.The net transfer has increased by 17.2 percent to Rs.903.77 billion in the review period. Such a transfer had decreased 6.9… Continue reading Remittances increase by 19.2 pc in last 10 months