Kathmandu: Authorities have confirmed that 18 out of the 19 individuals aboard the Saurya Airlines plane tragically lost their lives following a crash at Tribhuvan International Airport (TIA) in Kathmandu early Wednesday morning. The incident occurred during takeoff, near the TIA premises, as reported by TIA officials. The flight, bound for Pokhara, carried a total… Continue reading Tragedy strikes: Saurya Airlines plane crash claims lives
Category: Featured News
Hotel Association Nepal urges government for full-capacity airport operations
Kathmandu: Hotel Association Nepal (HAN) has appealed to the government to create an environment conducive to full-capacity operations at airports. A delegation led by HAN President Vinayak Shah met with Deputy Prime Minister and Finance Minister Vishnu Paudel on Tuesday to discuss increasing international flights to boost tourist arrivals. Minister Paudel highlighted plans to expand… Continue reading Hotel Association Nepal urges government for full-capacity airport operations
Kamala Harris wins enough support to clinch Democratic nomination
Kathmandu: Vice-President Kamala Harris has secured the support of a majority of Democratic delegates to become the party’s nominee for president. A survey by the Associated Press on Monday evening said she had received the endorsement of more than the 1,976 delegates needed to win the nomination in the first round of voting. That means… Continue reading Kamala Harris wins enough support to clinch Democratic nomination
China to raise retirement age as population gets older
Kathmandu: China will gradually raise its statutory retirement age in the next five years to try to cope with its ageing population and buckling pension system. Life expectancy in the country has now risen above the United States, to 78 years, from just 36 years at the time of the Communist revolution in 1949. But… Continue reading China to raise retirement age as population gets older
Nepal reports improved trade figures for Fiscal Year 2023/24
Kathmandu: Nepal’s foreign trade statistics for the fiscal year 2023/24, released by the Department of Customs, reveal a notable improvement in the country’s trade deficit and overall trade performance. During the last fiscal year, Nepal conducted foreign trade amounting to Rs 1,745 billion, resulting in a trade deficit of Rs 1,440 billion. This marks a… Continue reading Nepal reports improved trade figures for Fiscal Year 2023/24
NEPSE witnesses significant surge, hits 2,488.09 points
Kathmandu: In a remarkable turn of events, the Nepal Stock Exchange (NEPSE) recorded a substantial increase of 75.33 points on Tuesday, closing at 2,488.09 points. The day commenced with NEPSE opening at 2,412.76 points, briefly dipping to a low of 2,470.47 points within the first 15 minutes of trading. However, the index displayed a robust… Continue reading NEPSE witnesses significant surge, hits 2,488.09 points
CIB begins investigation of former State Minister Ram Chandra Rai’s murder
Kathmandu: The Central Bureau of Investigation (CIB) has launched a thorough investigation into the tragic murder of former State Minister Ram Chandra Rai, according to Home Minister Ramesh Lekhak’s statement during a House of Representatives (HoR) meeting on Tuesday. Rai, an 80-year-old statesman residing in Malangawa Municipality-4, was found murdered on Sunday night at his… Continue reading CIB begins investigation of former State Minister Ram Chandra Rai’s murder
NRB penalizes danks and finance companies for regulatory violations
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
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