Kathmandu: Nepal exported electricity worth Rs 12.72 billion to India during the first quarter of the current fiscal year, according to the Nepal Electricity Authority (NEA). The surplus electricity, amounting to over 1.66 billion units generated during the rainy season, was sold at an average rate of Rs 7.63 per unit. The NEA exports power… Continue reading Nepal exports Rs 12.72 bn worth of electricity to India in Q1
Month: November 2024
Press Council Nepal takes action against YouTube channels spreading misinformation
Kathmandu: Press Council Nepal has taken action against nine YouTube channels for spreading inaccurate and fabricated content, accusing them of promoting disorder. Among these, three unregistered channels have been recommended for further investigation by the Cyber Bureau of Nepal Police. In a press statement issued on Tuesday, the Council instructed the immediate removal or suspension… Continue reading Press Council Nepal takes action against YouTube channels spreading misinformation
Depositors of Sahara Cooperative file fraud case against Rabi Lamichhane and others
Kathmandu: Depositors of Sahara Chitwan Multipurpose Cooperative Limited have filed a fraud complaint against Rastriya Swatantra Party (RSP) Chairman Rabi Lamichhane, former Deputy Inspector General (DIG) Chhabilal Joshi, and eight others. The complaint, lodged at the District Police Office in Chitwan on Wednesday, accuses the 10 individuals of embezzling funds from the cooperative. Shalikram Dawadi,… Continue reading Depositors of Sahara Cooperative file fraud case against Rabi Lamichhane and others
Nepal’s public debt rises to Rs 2.518 trillion, exceeding 44% of GDP
Kathmandu: Nepal’s public debt increased by Rs 84 billion in the first quarter of the current fiscal year (FY) 2024/25, according to the Public Debt Management Office (PDMO). The total debt now stands at Rs 2.518 trillion, equivalent to 44.14 percent of the country’s Gross Domestic Product (GDP). The PDMO report shows that Nepal’s total… Continue reading Nepal’s public debt rises to Rs 2.518 trillion, exceeding 44% of GDP
World Children’s Day marked with call to action for Child Rights
Kathmandu: World Children’s Day is being celebrated globally today with the theme, “Listen to the Future. Stand Up for Children’s Rights.” On this occasion, the National Human Rights Commission (NHRC) of Nepal has urged all citizens, guardians, political parties, and rights activists to intensify efforts to safeguard children’s rights and create a child-friendly society. In… Continue reading World Children’s Day marked with call to action for Child Rights
Nepal govt moves to identify and utilize idle public assets
Kathmandu: The government has initiated a comprehensive plan to identify and make use of unused public properties across the country. A cabinet meeting on Tuesday directed all ministries to formulate strategies for assessing and utilizing government land, infrastructure, machinery, equipment, and other resources. The decision aims to address the growing concern over idle public assets,… Continue reading Nepal govt moves to identify and utilize idle public assets
TIA sees record passenger traffic in 2023
Kathmandu: Tribhuvan International Airport (TIA) recorded a significant rise in passenger traffic, with 7.87 million travelers using its services in the first 10 months of 2023, according to data from the TIA Office. This figure marks an increase of approximately 750,000 passengers compared to the same period in 2022. According to TIA data, October was… Continue reading TIA sees record passenger traffic in 2023
Real estate transactions rise in Kartik, revenue collection declines
Kathmandu: Real estate transactions across Nepal saw notable improvement in Kartik (mid-October to mid-November), with over 33,000 properties bought and sold during the month. According to the Department of Land Management and Archives (DoLMA), a total of 33,514 deeds were approved, marking a 9.78% increase compared to Ashoj (mid-September to mid-October), when 30,527 transactions were… Continue reading Real estate transactions rise in Kartik, revenue collection declines
Ncell partners with CAN as ‘Powered By’ sponsor for Nepal Premier League 2024
Kathmandu: Ncell has announced its partnership with the Cricket Association of Nepal (CAN) as the ‘Powered By’ sponsor for the upcoming Siddhartha Bank Nepal Premier League (NPL) 2024. The professional franchise-based T20 cricket tournament, featuring eight teams and 32 matches, will kick off on November 30 at the Tribhuvan University International Cricket Ground, Kirtipur, and… Continue reading Ncell partners with CAN as ‘Powered By’ sponsor for Nepal Premier League 2024
Nepal records Rs 407.31 bn in remittance inflows in first quarter
Kathmandu: Nepal received Rs 407.31 billion in remittances during the first three months of the current fiscal year, reflecting an 11.5% increase compared to the same period last year, according to the Nepal Rastra Bank (NRB). The central bank’s Current Macroeconomic and Financial Situation of Nepal report, based on data up to mid-October, showed that… Continue reading Nepal records Rs 407.31 bn in remittance inflows in first quarter