Govt hike public vehicle fare

File Photo New Bus Park at Gongabu awaits passengers. Photo Courtesy: Sujan Gurung, The Rising Nepal

Kathmandu: The government has again increased fares for public transport. The Department of Transportation Management issued a notice on Tuesday stating that the fare of passenger and freight vehicles of inter-province transportation has been increased. The government has decided to increase the vehicle fare after the Nepal Oil Corporation increased the price of fuel by… Continue reading Govt hike public vehicle fare

NEA signs MoU for Arun-4 Hydropower Project

Kathmandu: A memorandum of understanding has been signed between the Nepal Electricity Authority (NEA) and the Sutlej Hydropower Corporation of India for the construction of the Arun-4 Hydropower Project. NEA Executive Director Kulman Ghising and Sutlej Chairman and Managing Director Nanda Lal Sharma signed the MoU in Lumbini on Monday in the presence of Prime… Continue reading NEA signs MoU for Arun-4 Hydropower Project

NAC’s narrow-body aircraft to operate flights in Kathmandu-Bhairahawa-Kathmandu route

Photo Courtesy: Nepal Airlines Corporation

Kathmandu: Nepal Airlines Corporation will operate commercial flights from Kathmandu to Gautam Buddha International Airport, Bhairahawa on Monday. According to the airlines, the narrow-body aircraft will be flown on Monday to promote Gautam Buddha International Airport. The airline has fixed two types of ticket prices for Kathmandu-Bhairahawa route at Rs 4,510 and Rs 7,040 respectively.… Continue reading NAC’s narrow-body aircraft to operate flights in Kathmandu-Bhairahawa-Kathmandu route

Agricultural census includes climate change for the first time

This image shows the building of Central Bureau of Statistics, in Thapathali, Kathmandu, in June, 2017. Photo courtesy: Pushpendra Khadka

Kathmandu : The seventh national agricultural census has started. The first agricultural census in Nepal was conducted in 2018 BS. Since then, the agricultural census 2078, which has been conducted every 10 years, is being conducted across the country. This is the first time that a census has been taken after federalism . Earlier, the… Continue reading Agricultural census includes climate change for the first time

Bitcoin value drops by 50% since November peak

(BBC): The value of Bitcoin continued to fall over the weekend as it dropped below $34,000 (£27,630), according to the Coinbase cryptocurrency exchange. The world’s largest cryptocurrency by market value has now fallen by 50% since its peak in November last year. The slide in the value of digital assets comes as stock markets around… Continue reading Bitcoin value drops by 50% since November peak

Nigerian airlines to halt domestic flights over jet fuel hikes

Photo Courtesy: AFP via BBC

(BBC): Nigeria’s airlines are to stop domestic operations from Monday in protest at the spiralling cost of jet fuel. It has risen almost fourfold this year, which was unsustainable, the Airline Operators of Nigeria (AON) said. “No airline in the world can absorb this kind of sudden shock from such an astronomical rise over a… Continue reading Nigerian airlines to halt domestic flights over jet fuel hikes

World Bank to provide &23 mn for Nepal’s Youth employment project

Kathmandu: The World Bank has reallocated $23 million of the $120 million in the Youth Employment Transformation Initiative (YETI) project to scale up direct support to unemployed poor impacted by the COVID-19 pandemic. The financing is expected to help about 64,000 unemployed individuals, especially those who lost employment during the COVID-19 pandemic, receive temporary employment… Continue reading World Bank to provide &23 mn for Nepal’s Youth employment project

World Bank to provide $150 Million to strengthen Nepal’s financial sector

Kathmandu: The Government of Nepal and the World Bank signed a $150 million ‘Finance for Growth’ Development Policy Credit (DPC) today to strengthen financial sector stability, diversify financial solutions, and increase access to financial services in Nepal. The agreement was signed by the Finance Secretary, Madhu Kumar Marasini, on behalf of the Government of Nepal,… Continue reading World Bank to provide $150 Million to strengthen Nepal’s financial sector