Kathmandu: By the mid-May, Nepal finds itself grappling with a trade deficit of Rs 1177 billion for the current financial year. The Department of Customs reports imports amounting to Rs 1303 billion, overshadowing exports which stood at a meager Rs 126 billion. Foreign trade transactions for the first 10 months of the fiscal year totaled… Continue reading Trade deficit hits Rs 1177 bn, Nepal’s economy under strain
Month: May 2024
Nepal marks 20 years in WTO
Kathmandu: Experts and stakeholders have said that Nepal has not been able to reap the expected benefits after becoming a member of the World Trade Organization. Kathmandu University School of Management (KUSOM) and the WTO Chairs Programme (WCP) Nepal held a discussion titled ’20 Years of Nepal’s Accession to WTO’ on Sunday. Registrar of Kathmandu… Continue reading Nepal marks 20 years in WTO
Nepal govt mourns passing of President of Iran
Kathmandu: The Government of Nepal has expressed profound sorrow over the tragic passing of the President of Iran, Dr. Ebrahim Raisi, in a helicopter crash that occurred on Sunday. In a statement posted on the official social platform, X, today, the Ministry of Foreign Affairs conveyed its deep sadness, stating, “We are deeply saddened to… Continue reading Nepal govt mourns passing of President of Iran
Gold prices reach all-time high in domestic market
Kathmandu: Price of gold surged by Rs 900 per tola on Monday, reaching an unprecedented all-time high. As of today, fine gold is trading at Rs 141,800 per tola, marking a substantial increase from Rs 140,900 per tola recorded the previous day. Similarly, the price of standard gold has witnessed a significant rise, reaching Rs… Continue reading Gold prices reach all-time high in domestic market
PM Dahal secures fourth vote of confidence in House of Representatives
Kathmandu: Prime Minister Pushpa Kamal Dahal has successfully secured a vote of confidence in the House of Representatives (HoR) for the fourth time. During the HoR meeting, a total of 158 Members of Parliament were present. Out of these, an overwhelming majority of 157 MPs cast their votes in favor of Prime Minister Dahal, while… Continue reading PM Dahal secures fourth vote of confidence in House of Representatives
Govt introduces ‘National Startups Policy, 2080’ to boost startup investment
Kathmandu: The government has introduced the ‘National Startups Policy, 2080’ to bolster investment in startup companies. This policy, recently adopted by the Council of Ministers, encompasses several key provisions aimed at facilitating entrepreneurship and innovation. Under the policy, startups will benefit from waivers on costs associated with registering businesses and industrial properties. Additionally, entrepreneurs will… Continue reading Govt introduces ‘National Startups Policy, 2080’ to boost startup investment
Brazil to host 2027 FIFA Women’s World Cup
Kathmandu: Brazil will host the 2027 Women’s World Cup after a vote of FIFA’s 211 members chose the South American bid over a joint bid from Belgium, Netherlands and Germany. The FIFA Congress on Friday selected from a reduced field of two candidates to host the 2027 tournament after a joint bid by the United… Continue reading Brazil to host 2027 FIFA Women’s World Cup
PM seeks vote of confidence from House of Representatives
Kathmandu: Prime Minister Pushpa Kamal Dahal, ‘Prachanda’, has formally requested a vote of confidence from the House of Representatives (HoR). The PM’s press advisor, Shekhar Adhikari, confirmed that the request was submitted to the Federal Parliament Secretariat, with the proposed date for the vote set on May 20. The move comes in accordance with Article… Continue reading PM seeks vote of confidence from House of Representatives
Korea pledges $9.8mn for green job creation in Pokhara
Kathmandu: In a bid to bolster green economic practices and job creation in Pokhara, the Korean government has committed USD 9.8 million towards the “Green Job Creation through Recycling and Upcycling Project in Pokhara Metropolitan City (PMC)”. The Memorandum of Understanding (MoU) for this initiative was inked by Taeyoung Park, Ambassador of the Republic of… Continue reading Korea pledges $9.8mn for green job creation in Pokhara
New bird species ‘White-cheeked Starling’ discovered in Nepal’s Annapurna Conservation Area
Kathmandu: A new species of bird has been unearthed within the scenic landscapes of Nepal’s Annapurna Conservation Area. Named the ‘White-cheeked Starling’ by the Nepalese Ornithological Union, this finding marks a significant addition to Nepal’s avian biodiversity, elevating the nation’s tally to 895 distinct bird species. The revelation comes as ornithologist Shankar Tiwari, amidst a… Continue reading New bird species ‘White-cheeked Starling’ discovered in Nepal’s Annapurna Conservation Area