Kathmandu: In a critical legal development, the appeal hearing of cricketer Sandeep Lamichhane regarding the Kathmandu District Court’s ruling in a rape case is advancing at the Patan High Court. Presiding over the session are Judges Sudarshan Dev Bhatta and Anju Upetri Dhakal. The Kathmandu District Court had issued a significant verdict, sentencing Sandeep to… Continue reading Sandeep Lamichhane’s appeal hearing continues amidst high court proceedings
Category: Featured News
Nepal’s foreign exchange reserves surge to Rs 1.911 trillion
Kathmandu: Nepal’s economic landscape witnesses a significant uptick as the nation’s foreign exchange reserves witness a remarkable surge. According to the latest figures released by the Nepal Rastra Bank (NRB), as of mid-April 2024, the total foreign exchange reserves have ballooned by 24.2 percent, reaching a staggering NPR 1.911 trillion. This notable increase marks a… Continue reading Nepal’s foreign exchange reserves surge to Rs 1.911 trillion
SC cancels ISPs’ tax evasion, orders immediate payment
Kathmandu: Supreme Court today dismissed all appeals filed by internet service providers regarding tax evasion. Following an investigation conducted by the Ministry of Communication and Information Technology, it was revealed that a staggering NPR 2.5 billion in taxes had been evaded by these providers. Subsequently, the Nepal Telecommunications Authority was directed for immediate settlement of… Continue reading SC cancels ISPs’ tax evasion, orders immediate payment
Kailali border crossing shut for Indian Lok Sabha elections
Kathmandu: Starting this evening, the Kailali border crossing will be temporarily closed in light of the Lok Sabha elections in India. District Administration Office in Kailali, confirmed that the closure started at 6 PM today. This measure is in response to the elections scheduled for May 13 in Uttar Pradesh’s Kheri district. The border crossing… Continue reading Kailali border crossing shut for Indian Lok Sabha elections
EU pledges support for Nepal’s investment drive
Kathmandu: The European Union (EU) has announced its commitment to aid Nepal in attracting investment. EU Ambassador to Nepal, Veronique Lorenzo, revealed plans for the upcoming ‘EU-Nepal Trade Forum’ in Kathmandu aimed at bolstering European investment in Nepal. During a reception commemorating the 50th anniversary of diplomatic ties between Nepal and the EU, Ambassador Lorenzo… Continue reading EU pledges support for Nepal’s investment drive
Nepal’s banking excels in female representation, but women still face leadership barriers: IFC
Kathmandu: With 46 percent female representation in its entry-level workforce, the banking industry in Nepal is ahead of other countries in South Asia in achieving gender parity. However, only 23 percent of senior management roles are held by women, according to a new IFC report that examines gender diversity at six leading banks in Nepal.… Continue reading Nepal’s banking excels in female representation, but women still face leadership barriers: IFC
Biden says US won’t supply weapons for Israel to attack Rafah, in warning to ally
Kathmandu: President Joe Biden said that he would not supply offensive weapons that Israel could use to launch an all-out assault on Rafah — the last major Hamas stronghold in Gaza — over concern for the well-being of the more than 1 million civilians sheltering there. Biden, in an interview with CNN on Wednesday, said… Continue reading Biden says US won’t supply weapons for Israel to attack Rafah, in warning to ally
MCA-Nepal inks landmark contract agreement for new Butwal Substation construction
Kathmandu: MCA-Nepal has achieved a significant milestone by securing a contract agreement for the construction of the New Butwal Substation, funded by the US Mission Millennium Challenge Corporation (MCC). This marks the inaugural construction contract under the MCC project, showcasing a pivotal step towards enhancing Nepal’s energy infrastructure. On Thursday, MCA Nepal sealed a contract… Continue reading MCA-Nepal inks landmark contract agreement for new Butwal Substation construction
Government finally decides to release prize amount various athletes
Kathmandu: During the Cabinet meeting held on Wednesday, it was decided to release a total of NPR 20,971,010 as prize money announced earlier for various athletes. The proposal put forward by the Ministry of Youth and Sports, which received approval from the Cabinet, ensures cash prizes for medalists of the 19th Asian Games, cricket team,… Continue reading Government finally decides to release prize amount various athletes
Nepal-South Korea relations flourishing with diverse collaborations
Kathmandu: In a dynamic stride towards enhancing bilateral ties, South Korea has been extending various forms of support to Nepal, fostering growth in multiple sectors. Celebrating 50 years of diplomatic relations between Nepal and South Korea, Ambassador Park Tae-yong has highlighted the burgeoning collaborations during an interactive session with journalists today. South Korea has been… Continue reading Nepal-South Korea relations flourishing with diverse collaborations