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
Month: July 2024
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
CIB begins investigation of former State Minister Ram Chandra Rai’s murder
Kathmandu: The Central Bureau of Investigation (CIB) has launched a thorough investigation into the tragic murder of former State Minister Ram Chandra Rai, according to Home Minister Ramesh Lekhak’s statement during a House of Representatives (HoR) meeting on Tuesday. Rai, an 80-year-old statesman residing in Malangawa Municipality-4, was found murdered on Sunday night at his… Continue reading CIB begins investigation of former State Minister Ram Chandra Rai’s murder
NRB penalizes danks and finance companies for regulatory violations
Kathmandu: Nepal Rastra Bank (NRB) has imposed penalties on five development banks and three finance companies for breaching regulatory norms during the last quarter of the fiscal year 2023/24. The development banks facing sanctions include Karnali Development Bank, Narayani Development Bank, Corporate Development Bank, Sindhu Development Bank, and Excel Development Bank. Similarly, the finance companies… Continue reading NRB penalizes danks and finance companies for regulatory violations
Nepali students return home amidst Bangladesh unrest
Kathmandu: In a concerted effort to ensure the safe return of Nepali nationals amidst ongoing unrest in Bangladesh, a total of 56 Nepali students have successfully arrived back in Nepal. They landed at the Tribhuvan International Airport on Sunday, marking a significant development in the evacuation process. According to the Ministry of Foreign Affairs, more… Continue reading Nepali students return home amidst Bangladesh unrest
Worldwide travel and banking hit after cybersecurity update causes IT chaos
Kathmandu: Major IT outages have hit industries across the world; almost 1,400 flights are cancelled and banking, healthcare and shops affected. Cybersecurity firm Crowdstrike says a “defect” in one of its software updates hit Windows operating systems. “This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has… Continue reading Worldwide travel and banking hit after cybersecurity update causes IT chaos
Rescue operation saves six girls from Kathmandu Guest House
Kathmandu: Six girls were rescued from a guest house at Koteshwor in the capital city. The Anti-Human Trafficking Investigation Bureau of Nepal Police rescued those girls last night acting on a tipoff. Spokesperson of Bureau Gautam Mishra said that the girls were rescued from Ramechhap Guest House run by Nabin Thapa. Guest house owner Thapa… Continue reading Rescue operation saves six girls from Kathmandu Guest House
Internet and mobile services cut off in Bangladesh amid violent protests
Kathmandu: Internet and mobile services were cut off in Bangladesh on Friday, following days of violent protests over the allocation of government jobs, with local media reports saying at least 28 people had been killed this week. The protests, which began weeks ago and escalated sharply on Monday, are the biggest since Prime Minister Sheikh… Continue reading Internet and mobile services cut off in Bangladesh amid violent protests
NRB postpones Monetary Policy release amidst government updates
Kathmandu: The scheduled release of the monetary policy by the Nepal Rastra Bank (NRB) has been postponed, according to sources familiar with the matter. Originally slated for today, the unveiling of the policy has been delayed due to recent government developments, including the appointment of Dr Yubaraj Khatiwada as the Economic Adviser to Prime Minister… Continue reading NRB postpones Monetary Policy release amidst government updates
Nepali athletes bid farewell as they depart for 33rd Summer Paris Olympics
Kathmandu: In a heartfelt farewell ceremony held at Sheetal Niwas on Friday, Nepali athletes bound for the 33rd Summer Paris Olympics were given warm wishes and encouragement by President Ram Chandra Paudel. President Paudel, addressing the gathering, emphasized the importance of sports as a means to showcase Nepal’s talent on the global stage. He urged… Continue reading Nepali athletes bid farewell as they depart for 33rd Summer Paris Olympics