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
Author: vishwasandesh
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
Protests in Kathmandu’s New Road over footpath expansion
Kathmandu: Tensions escalated today in Kathmandu’s New Road area as local residents vehemently opposed ongoing footpath expansion efforts. The situation has prompted a heavy deployment of Nepal Police, KMC Police, and additional security forces to maintain order. The protests, which began early Thursday morning, have seen confrontations between demonstrators and metropolitan police forces. The KMC… Continue reading Protests in Kathmandu’s New Road over footpath expansion
Ambica Shrestha, founder of Dwarika’s Hotel, passes away at 92
Kathmandu: Ambica Shrestha, the visionary behind Dwarika’s Hotel in Battisputali, Kathmandu, has died at the age of 92. She passed away at Mediciti Hospital in Lalitpur following a two-month battle with pneumonia and rheumatism, as confirmed by her family. Ambica Shrestha dedicated her life to realizing the aspirations of her late husband, Dwarika Das Shrestha,… Continue reading Ambica Shrestha, founder of Dwarika’s Hotel, passes away at 92
Victims identified: 14 bodies identified out of 19 deceased on Narayanghat-Mugling bus tragedy
Kathmandu: In a devastating incident along the Narayanghat-Mugling road in Chitwan, Nepal, the bodies of 19 passengers from two buses that were swept away by a landslide into the Trishuli River have been recovered so far. The incident occurred last Friday morning, shaking the Bharatpur Metropolitan City-29 community. The tragedy involved two buses: Angel Deluxe,… Continue reading Victims identified: 14 bodies identified out of 19 deceased on Narayanghat-Mugling bus tragedy