Category: Finance

Kathmandu: Foreign Minister Dr. Arzu Rana Deuba has called on Indian entrepreneurs to invest in Nepal’s energy, infrastructure development, agriculture, tourism, and information technology sectors. Speaking at the ‘India-Nepal Economic Summit,’ which began today in New Delhi, organized by Kathmandu University and India’s Egrow Foundation, Minister Rana highlighted Nepal’s liberalized policies on foreign investment and… Continue reading Foreign Minister Dr. Arzu Rana Deuba urges Indian entrepreneurs to invest in Nepal

Kathmandu: Resignations within Nepal Police are on the rise, with 509 officers stepping down in the first four months of the current fiscal year 2024/25, spanning mid-July to mid-November. Most of those who resigned were lower-ranking personnel, according to Senior Superintendent of Police (SSP) and spokesperson Bishwa Adhikari. He cited opportunities in other sectors as… Continue reading Nepal Police faces rising resignations: 509 officers leave in 4 months

Kathmandu: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Korea Importers Association (KOIMA) have signed a Memorandum of Understanding to promote Nepali products in the Korean market and expand investment. The MoU was signed by FNCCI President Chandra Prasad Dhakal and KOIMA President Kim Byung-kwan at an event held in Seoul,… Continue reading FNCCI signs agreement with Korea Importers Association

Kathmandu: The Commission for the Investigation of Abuse of Authority (CIAA) has raided the Department of Passport (DoP) following allegations of irregularities linked to server hacking and issues in the printing of e-passports. The raid, conducted last Thursday, resulted in the seizure of all relevant documents, according to CIAA sources. The investigation centers on a… Continue reading CIAA raids Department of Passport over e-Passport irregularities

Kathmandu: The European Union (EU) has once again imposed a flight ban on all Nepalese airlines, preventing them from operating in European airspace. This decision is included in the latest update of the EU’s “Safety List,” which lists airlines and aviation service providers deemed unsafe to fly in European skies. The ban applies to all… Continue reading European Union continues flight ban on all Nepali airlines

Kathmandu: Rajbiraj Airport is set to commence night operations starting December 16, following the successful installation of a new instrument flight landing system (ILS) that enables safe flying in low visibility conditions. The Civil Aviation Authority of Nepal (CAAN) announced the milestone after Buddha Air conducted a test flight on Friday, with the participation of… Continue reading Rajbiraj airport to begin night flights after installation of advanced landing technology

Kathmandu: The World Bank’s Board of Executive Directors has approved a $100 million development policy operation (DPO) to help Nepal advance its green, resilient, and inclusive development goals. This marks the second of a three-part program aimed at strengthening the enabling environment for Nepal’s sustainable development. David Sislen, World Bank Regional Country Director for the… Continue reading World Bank approves $100 million to support Nepal’s green and inclusive development

Kathmandu: Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCBCI), urged South Asia to reconsider its trade policies to protect vulnerable sectors while promoting green and inclusive growth. Speaking at the closing of the 15th South Asia Economic Summit on Friday, Dhakal highlighted the region’s slow progress in economic… Continue reading FNCBCI President calls for rethink in South Asia’s trade policies

Kathmandu: Operating hours at Tribhuvan International Airport (TIA) will be extended by two hours starting next month, following a month and a half of limited 14-hour operations. Civil Aviation Authority of Nepal (CAAN) announced that the airport, which has been closed from 10:00 pm to 8:00 am since November 8 for taxiway expansion, will now… Continue reading TIA to extend operating hours by 2 hours starting next month

Kathmandu: The Government of Nepal’s financial performance for the first four months of the fiscal year 2024/25 has shown significant growth in both expenditure and revenue, according to the latest data released by the Ministry of Finance and the Financial Comptroller General Office (FCGO). Total government expenditure during this period reached Rs. 415.02 billion, marking… Continue reading Nepal govt’s expenditure hits Rs. 415.02 billion in Q1 FY 2024/25