Month: May 2022

EU leaders agree to ban 90% of Russian oil by year-end

Ukrainian President Volodymyr Zelenskyy is seen on a screen, left, as addresses from Kyiv during an extraordinary meeting of EU leaders to discuss Ukraine, energy and food security at the Europa building in Brussels, Monday, May 30, 2022. Photo Courtesy: AP

BRUSSELS (AP): European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support. The embargo covers Russian oil brought in by sea, allowing a temporary exemption… Continue reading EU leaders agree to ban 90% of Russian oil by year-end

Nepali team set to depart Malaysia for U-19 Women’s World Cup qualifiers

Kathmandu: Cricket Association of Nepal (CAN) on Tuesday bade farewell to the Nepali team that is going to play in the ICC U-19 Women’s T20 World Cup Asia qualifiers. Nepali team will leave for Malaysia on Wednesday. The selection competition is being held in Kuala Lumpur, Malaysia from June 20 to 26. The ICC’s first-ever… Continue reading Nepali team set to depart Malaysia for U-19 Women’s World Cup qualifiers

Two pilots mandatory for single engine chopper

Kathmandu: Civil Aviation Authority of Nepal (CAAN) has made it mandatory to have two pilots even in single engine chopper. Currently, there is a rule of operating chopper flights with single pilot only.But now, the CAAN has decided to make it mandatory to have two pilots even in small helicopters. Due to the geographical location… Continue reading Two pilots mandatory for single engine chopper

Govt to levy digital service tax on social media

Kathmandu: Non-resident individuals and companies also have to pay tax for electronic services provided to consumers in Nepal. The government has made an arrangement to start levying electronic service tax (digital service tax) by levying 2 percent tax on the transaction price of such electronic services through the Fiscal Bill 2022. Accordingly, digital platforms like… Continue reading Govt to levy digital service tax on social media

5-member commission forms to probe Tara Air plane crash

Kathmandu: The government has formed a five-member commission to find out the cause of the Tara Air plane crash.Senior Aeronautical Engineer Ratish Chandra Lal Suman is the Chairman of the Commission and in charge of Accident Investigation. The members of the commission formed by the Ministry of Culture, Tourism and Civil Aviation are Captain Dipu… Continue reading 5-member commission forms to probe Tara Air plane crash

Tara air aicraft missing; Rescuers halt searching for today

Kathmandu: Resucuers have halted searching of missing aircraft due to the poor weather condition. According to the Civil Aviation Authority of Nepal (CAAN), the search for the aircraft has been focused on possible locations, but the situation is still unknown due to the complex geography and bad weather. According to Nepali Army, the search operation… Continue reading Tara air aicraft missing; Rescuers halt searching for today

Govt reduce customs duty on sanitary pads

Kathmandu: The government has slashed customs duties on imports of sanitary pads. In the federal parliament on Sunday, Finance Minister Jarnadhan Sharma said that such customs duty has been reduced by 90 percent. Till the current Fiscal Year, 15 percent customs duty was levied on the import of sanitary pads used by women during menstruation.… Continue reading Govt reduce customs duty on sanitary pads

Govt aims to achieve 8 pc economic growth

Kathmandu: The government has set a target of 8 percent economy growth for the next fiscal year. Preseting budget for the upcoming fiscal year Finance Minister Janardan Sharma said that the government has expected 8 percent growth on economy in upcoming fiscal year. Meanwhile, inflation will be limited to 7 percent this fiscal year, said… Continue reading Govt aims to achieve 8 pc economic growth