Kathmandu: Nepal Rastra Bank (NRB) has published the first quarterly review of the monetary policy for the fiscal year 2024/25, confirming the continuation of the policy framework announced in mid-July. The NRB has stated that the current monetary policy aims to support the expansion of economic activities while ensuring price stability and external sector stability.… Continue reading NRB maintains Monetary Policy for FY 2024/25 in quarterly review
Month: November 2024
Home Ministry launches ‘Hello Home Ministry Grievance Hearing Unit’ to improve service resolution
Kathmandu: The Ministry of Home Affairs (MoHA) has launched the ‘Hello Home Ministry Grievance Hearing Unit’ to enhance the resolution process for grievances related to services provided by the ministry and its subordinate bodies. In a statement issued on Thursday, the MoHA reaffirmed its commitment to maintaining peace, controlling crime, and ensuring the effective implementation… Continue reading Home Ministry launches ‘Hello Home Ministry Grievance Hearing Unit’ to improve service resolution
First chartered flight from India lands at Pokhara Regional International Airport
Kathmandu: In a historic development, a single-engine private jet from India became the first chartered flight to land at the Pokhara Regional International Airport (PRIA) in nearly two years since the airport’s inauguration. The jet, operated by the European company Zell Air, arrived from New Delhi, India, on Thursday afternoon. According to PRIA, the aircraft,… Continue reading First chartered flight from India lands at Pokhara Regional International Airport
PRIA set to host first regular international flight
Kathmandu: Nearly two years after its inauguration, the Pokhara Regional International Airport (PRIA) is preparing to host its first regular international flight. Himalaya Airlines, a Nepal-China joint venture, has announced plans to operate flights between Pokhara and Lhasa, China, with the first flight expected to take off in the first week of January 2025. Although… Continue reading PRIA set to host first regular international flight
Europe’s flying taxi dreams falter as cash runs short
Kathmandu: At this year’s Paris Olympics, the electric flying taxi service, promised by Germany’s Volocopter, was meant to be a highlight but ended up as just a demonstration, with no passenger flights. Volocopter, which had hoped to raise €100 million from the German government, now faces a serious financial crisis and is negotiating with China’s… Continue reading Europe’s flying taxi dreams falter as cash runs short
Bulaki receives Best Film Award 2024
Kathmandu: The National Film Awards 2024 were presented in a ceremony at the President’s Residence, Sheetal Niwas, on Wednesday. President Ram Chandra Paudel honored filmmakers and artists for their outstanding contributions to Nepali cinema. The film Bulaki was awarded Best Film, while Nischal Basnet won Best Director for Dimaag Kharab. Bipin Karki received Best Actor… Continue reading Bulaki receives Best Film Award 2024
SC denies bail to Durga Prasai in electricity fraud case
Kathmandu: Supreme Court has rejected the petition for bail filed by Durga Prasai, a medical practitioner arrested on charges of electricity fraud. Prasai’s son, Nirajan Prasai, had filed a habeas corpus petition, claiming that his father was being unlawfully detained. The petition was dismissed by a bench comprising Justices Nityanand Pandey and Mahesh Sharma Paudel… Continue reading SC denies bail to Durga Prasai in electricity fraud case
EC calls for public holiday on Dec 1 for Local By-Elections
Kathmandu: Election Commission (EC) has requested local governments to declare a public holiday on December 1, for the upcoming local by-elections. In a statement, the EC urged relevant municipalities to ensure that voting stations are set up and accessible for the elections. The Commission has requested the use of various public and private venues, including… Continue reading EC calls for public holiday on Dec 1 for Local By-Elections
40-member delegation to join PM Oli’s visit to China
Kathmandu: A 40-member government delegation is set to accompany Prime Minister KP Sharma Oli on his upcoming official visit to China, alongside a group of industrialists and entrepreneurs. In addition to the Prime Minister’s trip, Foreign Minister Arzu Rana Deuba is scheduled to visit China on Thursday, returning to Nepal on Saturday before rejoining PM… Continue reading 40-member delegation to join PM Oli’s visit to China
NEA decides against power cut for defaulting industries following ERC Directive
Kathmandu: Nepal Electricity Authority (NEA) has announced that it will not disconnect electricity supply to industries with overdue payments, reversing earlier plans to take such action. A meeting of the NEA’s Board of Directors, held Wednesday under the chairmanship of Energy, Water Resources, and Irrigation Minister, decided to halt the planned disconnections after receiving directives… Continue reading NEA decides against power cut for defaulting industries following ERC Directive