Kathmandu: In response to the excess liquidity in the banking system, the Nepal Rastra Bank (NRB) will undertake a significant liquidity absorption operation on Sunday. The central bank has announced plans to withdraw Rs 100 billion through a bidding instrument. The NRB’s move follows a previous operation on August 18, where it mopped Rs 100… Continue reading NRB to drain Rs 100 bn from excess liquidity
Month: September 2024
New legislation imposes stricter penalties for cheque bouncing
Kathmandu: Under newly passed legislation, individuals convicted of cheque bouncing may face imprisonment ranging from one month to two years. This development was confirmed during a recent meeting of the Finance Committee on the Banking Offenses and Punishment (Second Amendment) Bill, 2080. The committee detailed that the length of imprisonment will be contingent upon the… Continue reading New legislation imposes stricter penalties for cheque bouncing
Husband of missing Virginia woman to head to trial in early 2025
Kathmandu: When Mamta Kafle Bhatt disappeared in late July, members of her local community in northern Virginia and her family in her native Nepal banded together to try to figure out what happened to her. They posted on social media, hosted community events and held a rally for the 28-year-old mother and pediatric nurse. Within… Continue reading Husband of missing Virginia woman to head to trial in early 2025
Nepal and Germany conclude bilateral talks on development assistance in Berlin
Kathmandu: Bilateral talks between the governments of Nepal and Germany have successfully concluded in Berlin, with Germany agreeing to provide 51 million euros in financial and technical assistance to Nepal over the next two years. The assistance will be directed towards several key areas: improving the quality of health infrastructure and services, advancing green and… Continue reading Nepal and Germany conclude bilateral talks on development assistance in Berlin
PM Oli rules out immediate salary increases for civil servants
Kathmandu: Prime Minister KP Sharma Oli has announced that there are no immediate plans to increase salaries for civil servants. Speaking at the 21st Civil Service Day event in Kathmandu on Saturday, PM Oli addressed the concerns of civil servants, acknowledging their challenges but stating that the current economic climate does not support a salary… Continue reading PM Oli rules out immediate salary increases for civil servants
Bollywood star Nawazuddin Siddiqui arrives Nepal for “Shambhala” premiere
Kathmandu: Renowned Bollywood actor Nawazuddin Siddiqui has arrived in Nepal for the much-anticipated premiere of the film Shambhala. Directed by Min Bahadur Bham, the premiere is scheduled for Sunday. Shambhala has made waves in the film industry by becoming the first Nepali film to be selected for the Berlin Film Festival. Additionally, the film’s lead… Continue reading Bollywood star Nawazuddin Siddiqui arrives Nepal for “Shambhala” premiere
CIAA to ban share trading activities at Singha Durbar
Kathmandu: The Commission for the Investigation of Abuse of Authority (CIAA) is poised to enforce a ban on share trading activities within Singha Durbar, the seat of Nepal’s government, following multiple complaints about misuse of office time. The CIAA has decided to shut down the Trade Management System (TMS) used for share trading within the… Continue reading CIAA to ban share trading activities at Singha Durbar
Nepal Police Academy and Tribhuvan University partner to launch Masters in Police Sciences
Kathmandu: In a significant development for law enforcement education, the Nepal Police Academy and Tribhuvan University (TU) have formalized a partnership through a memorandum of understanding (MOU) signed on Friday at the police headquarters. This agreement marks the introduction of a Masters in Police Sciences (MPS) program in Nepal. The MOU was signed by Inspector… Continue reading Nepal Police Academy and Tribhuvan University partner to launch Masters in Police Sciences
‘Kathmandu Kalinga Literary Festival’ kicks off
Kathmandu: The third edition of the Kathmandu Kalinga Literary Festival (KLF) commenced at Hotel Himalaya in Lalitpur. The event, themed “Nepal: The Gateway to Asian Art, Culture, and Literature,” was jointly inaugurated by Bhupal Rai, Chancellor of Nepal Academy, KLF Founder Rashmi Ranjan Parida, Kathmandu KLF Director Ranjana Niraula, Deputy Chief of Mission of the… Continue reading ‘Kathmandu Kalinga Literary Festival’ kicks off
Deepak Raj Joshi reappointed as Nepal Tourism Board CEO
Kathmandu: Deepak Joshi has been reappointed as the Chief Executive Officer of the Nepal Tourism Board (NTB), the country’s national tourism organization. Joshi, who previously served as NTB CEO from December 2016 to December 2019, secured the position once again after a competitive election against former CEO Dhanjaya Regmi and Gyaneshwar Mahoto. The CEO position… Continue reading Deepak Raj Joshi reappointed as Nepal Tourism Board CEO