Monarchy will not return, says PM Oli

Kathmandu: Prime Minister KP Sharma Oli has ruled out the return of monarchy in Nepal, stating that the institution was permanently abolished through the people’s democratic struggle. Speaking at the inauguration of the Ninth National General Convention of the Rashtriya Janasanskritik Mahasangh Nepal (National People’s Cultural Federation, Nepal) on Saturday, PM Oli said efforts to… Continue reading Monarchy will not return, says PM Oli

Resham Chaudhary released, section officer Bista arrested

Kathmandu: Patron of the Nagarik Unmukti Party, Resham Chaudhary, who was arrested this afternoon, has been released. Chaudhary was arrested based on the ‘unofficial letter’ written by an officer of Judgment Execution Directorate under the Supreme Court, Mahiman Singh Bista. He was released after the SC informed that the letter was unofficial one, said Spokesperson… Continue reading Resham Chaudhary released, section officer Bista arrested

CIB investigating Durga Prasai, 25 firms over misuse of Rs 7.25bn loans

Kathmandu: Central Investigation Bureau (CIB) of Nepal Police has launched a probe into 25 companies linked to controversial medical entrepreneur Durga Prasai for allegedly misusing loans totaling over Rs 7.25 billion. According to police, Prasai and his close relatives secured the loans from multiple banks and financial institutions, but diverted the funds for purposes unrelated… Continue reading CIB investigating Durga Prasai, 25 firms over misuse of Rs 7.25bn loans

Over 72,000 migrants dead, disappeared globally since 2014: UN

Representative Photo

Kathmandu: More than 72,000 deaths and disappearances have been documented along migration routes around the world in the past decade, most of them in crisis-affected countries, the United Nations said on Tuesday. Last year saw the highest migrant death toll on record, with at least 8,938 people dying on migration routes, according to the International… Continue reading Over 72,000 migrants dead, disappeared globally since 2014: UN

President Paudel to present govt.’s policies, programmes on May 2

Kathmandu: President Ramchandra Paudel would present government’s policies and programmes for coming fiscal year in the joint meeting of both houses of the Federal Parliament at 3:00 pm on May 2. In today’s meeting of the House of Representatives, Speaker Devraj Ghimire informed about it by reading the letter received from the Office of the… Continue reading President Paudel to present govt.’s policies, programmes on May 2

NRB nears completion of digital currency development, strengthens payment systems

Kathmandu: Nepal Rastra Bank (NRB) has announced that the development of its Central Bank Digital Currency (CBDC) has reached its final phase, alongside major efforts to strengthen the country’s digital payment infrastructure. Acting Governor Dr. Neelam Dhungana Timsina, presenting a report on the occasion of NRB’s 70th anniversary, revealed that preparations for the pilot operation… Continue reading NRB nears completion of digital currency development, strengthens payment systems

Nepal exports tea worth Rs 3.57 billion in last nine months

Kathmandu: Tea worth Rs 3.57 billion has been exported till April 13 of the current fiscal year 2024/25, starting July 16, 2024. Tea exports are expected to reach Rs 4.5 billion this year, according to the National Tea and Coffee Development Board. Board official Chandra Puri said Nepal’s tea sector has created around 60,000 jobs… Continue reading Nepal exports tea worth Rs 3.57 billion in last nine months

China insists no trade talks with US, despite Trump claim

File Photo The American and Chinese flags wave at Genting Snow Park ahead of the 2022 Winter Olympics, Feb. 2, 2022, in Zhangjiakou, China. Photo Courtesy: AP

Kathmandu: China repeated Saturday that it had held no talks with the United States on trade issues, despite President Donald Trump’s claim that he had taken a call from Xi Jinping. In an interview conducted on April 22 with Time magazine and published Friday, Trump did not say when the call with the Chinese leader… Continue reading China insists no trade talks with US, despite Trump claim

9 terrorists killed in police operation in Pakistan’s Balochistan

Photo Courtesy: AFP

Kathmandu: Nine terrorists were killed during an intelligence-based operation in Pakistan’s southwestern Balochistan province, the Counter-Terrorism Department (CTD) said Friday. The operation was conducted in the Khanoi Baba area of Pishin district following reports of terrorist presence, according to CTD. A firefight broke out during the raid, resulting in their deaths. Security forces recovered a… Continue reading 9 terrorists killed in police operation in Pakistan’s Balochistan

Promote registration of intellectual property: Chair Dhakal

Kathmandu: Chairman of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Chandra Prasad Dhakal, stressed the need for promoting registration of intellectual property (IP). The State’ role is important in it, he added. During a programme organized by the Ministry of Industry, Commerce and Supply; Ministry of Culture, Tourism and Civil Aviation, and… Continue reading Promote registration of intellectual property: Chair Dhakal