Drug traffickers smuggling crystal meth past South East Asia security: UN

Drug traffickers have found new ways of smuggling crystal methamphetamine, known as ice, out of South East Asia to high-paying customers outside the region, according to a UN report. Criminal gangs are moving more drugs by sea to evade land patrols in Thailand and China, making them harder to spot. They have learnt “to anticipate,… Continue reading Drug traffickers smuggling crystal meth past South East Asia security: UN

Gold price sets a new record as govt hikes the custom tax

Kathmandu: The price of gold has set a new record today. The price of yellow bullion has reached 113,300 rupees per tola today which was 112,500 per tola on Thursday. It has been said that the gold price skyrocketed after the government raised the custom tax on gold imports. Announcing the budget for the fiscal… Continue reading Gold price sets a new record as govt hikes the custom tax

Govt arranging Prime Minister Dahal’s China trip

Kathmandu: The government has made arrangements for China trip of Prime Minister Puspha Kamal Dahal ‘Prachanda’. CPN Maoist Center Vice President Agni Prasad Sapkota has said that he conveyed the message of Prime Minister Pushpa Kamal Dahal’s visit to China. Sapkota, who returned after visiting China for almost two weeks, said that the Prime Minister… Continue reading Govt arranging Prime Minister Dahal’s China trip

Fonepay and LankaPay sign MOU for cross-border interoperable payment system

Kathmandu: Fonepay has signed a Memorandum of Understanding (MoU) with Sri Lanka’s NationalPayment Network: LankaPay, to collaborate on the strategic partnership to revolutionize thedigital payment landscape by developing an interoperable digital payment system thatenables users to transact seamlessly across the two countries. The MOU was signed by Diwas Kumar Sapkota, the CEO of Fonepay and… Continue reading Fonepay and LankaPay sign MOU for cross-border interoperable payment system

President Paudel authenticates the Citizenship Bill

Kathmandu: President Ramchandra Paudel has authenticated the Citizenship Bill. President Paudel on Wednesday approved the bill to amend the Nepal Citizenship Act, 2063. The Citizenship Bill, which was passed twice by the previous Parliament, was halted at the President’s Office after the then President Bidhya Devi Bhandari did not authenticate it. The current government requested… Continue reading President Paudel authenticates the Citizenship Bill

Nepal signs $120 mn concessional loan financing agreement and $19.7 mn grant agreement with World Bank

Kathmandu: The Government of Nepal and the World Bank today signed a financing agreement for a $120 million concessional loan from the International Development Association and a grant agreement for $19.7 million from the Global Partnership for Education for the School Sector Transformation Program (SSTP) Operation, which support the implementation of the government’s flagship School… Continue reading Nepal signs $120 mn concessional loan financing agreement and $19.7 mn grant agreement with World Bank

Govt exempts custom tax on any size of TV carried by migrant workers while returning home

Kathmandu: The government has exempted custom tax on one television set of any size to migrant workers. According to the Finance Minister Dr. Prakashsharan Mahat, workers who are in abroad for employment can bring any size of television with them while returning to home without paying any custom tax. However, they are need to be… Continue reading Govt exempts custom tax on any size of TV carried by migrant workers while returning home

Nepal govt allocates 1,751 bn rupees budget for FY 2023/24

Kathmandu: The government has presented a budget of 1,751 billion rupees for the coming financial year. In the joint meeting of the Federal Parliament, Finance Minister Dr Prakasharan Mahat announced the budget of 1,751 billion rupees for the coming financial year 2023/24. To maintain prosperity and good governance, the budget will also be focused on… Continue reading Nepal govt allocates 1,751 bn rupees budget for FY 2023/24

Govt formally recognizes Mount Everest summiteers

Kathmandu: 16th International Sagarmatha (Mount Everest) Day is celebrated in Nepal’s capital Kathmandu today by honoring Everest summiteers.Nepal Mountaineering Association (NMA) co-hosted the 16th Mount Everest Day with the Government of Nepal (Ministry for Culture, Tourism, and Civil Aviation) and other tourism-relate umbrella organizations to acknowledge the first-ever successful ascent of thehighest mountain in the… Continue reading Govt formally recognizes Mount Everest summiteers