Former Vice President’s son arrested for alleged involvement in gold smuggling

Kathmanu: Dipesh Pun, son of former Vice President Nanda Bahadur Pun, finds himself in legal trouble as Nepal Police authorities apprehend him in Kathmandu on Friday, on suspicions of his involvement in gold smuggling activities. The arrest comes following investigations linking Pun to Dawa Chhiring, the purported mastermind behind the smuggling of approximately 61 kilograms… Continue reading Former Vice President’s son arrested for alleged involvement in gold smuggling

Nepal enables QR code money transactions for Indian nationals working in the Country

Kathmandu: Nepal Rastra Bank (NRB) has introduced a groundbreaking measure allowing Indian nationals employed in Nepal to transfer money seamlessly using QR codes. This innovative system permits deposits into personal accounts held in Indian banks and financial institutions through various electronic channels, including e-banking, interbank payments, mobile banking, and QR codes, facilitated by the ‘National… Continue reading Nepal enables QR code money transactions for Indian nationals working in the Country

South Korea expands employment opportunities for Nepali workers in three additional sectors

Kathmandu: South Korea has announced plans to extend employment opportunities to Nepali workers in three more sectors through the Employment Permit System (EPS) starting from this year (2024). The South Korean government has decided to allow Nepali laborers to work in the forestry, service, and route industry sectors. According to the Department of Foreign Employment,… Continue reading South Korea expands employment opportunities for Nepali workers in three additional sectors

Japan grants 12 recycled fire engines to provinces under human security project

Kathmandu: In a commendable initiative under the Grant Assistance for Grassroots Human Security Projects (GGP), the Japanese government has provided a total of 12 recycled fire engines to five provinces in Nepal, namely Koshi, Lumbini, Madhesh, Bagmati, and Gandaki. The signing ceremony for the GGP contracts took place at the Embassy of Japan in Kathmandu,… Continue reading Japan grants 12 recycled fire engines to provinces under human security project

Finance Minister Barshaman Pun invites american investors to Kathmandu Investment Summit in April

Kathmandu: Newly-appointed Finance Minister Barshaman Pun has extended a warm invitation to American investors, urging their participation in the upcoming Investment Summit scheduled to take place in Kathmandu in April. During a meeting with Dean Thompson, the US Ambassador to Nepal, at the ministry on Sunday, Minister Pun emphasized the favorable environment for foreign investment… Continue reading Finance Minister Barshaman Pun invites american investors to Kathmandu Investment Summit in April

Honda unveils assembly plant in Nepal

Kathmandu: Honda, a global leader in two-wheelers, has officially launched its ‘Assembly Plant’ in Bhairahawa, Nepal. The grand inauguration was presided over by Minoru Kato, the Vice President of the main business unit at Honda Motorcycle. The cutting-edge facility, established with a substantial investment of Rs 1.5 billion, spans an impressive 200,000 square feet. The… Continue reading Honda unveils assembly plant in Nepal

Gold surges to record high in domestic market

Kathmandu: On Thursday, the domestic gold market witnessed another remarkable surge, with the yellow metal climbing by Rs 1500 per tola, setting a new record high. Similarly, silver prices experienced a significant increase of Rs 30 per tola. This marks the third noteworthy price hike in gold within the domestic market this week, accumulating a… Continue reading Gold surges to record high in domestic market

Customs dispute grounds aircraft and helicopters, jeopardizing tourism season

Kathmandu: In a protracted customs dispute, six aircraft and four helicopters have been rendered inoperable, causing significant disruptions just as the tourism season is set to commence. The impasse, originating from a clash between the Department of Customs (DoC) and an airline operator over customs duties on imported spare parts, has persisted for nearly two… Continue reading Customs dispute grounds aircraft and helicopters, jeopardizing tourism season

Mayor Udaykumar Yadav and others accused of corruption in sanitary pad procurement

Kathmandu: Allegations of corruption have been filed against former Mayor Udaykumar Yadav of Shree Harsha Municipality in Dhanusha, along with several others, for purportedly embezzling approximately NPR 1.4 million in the procurement of sanitary pads. The case has been registered against them for corruption and misuse of authority. During the fiscal year 2077/78, a deal… Continue reading Mayor Udaykumar Yadav and others accused of corruption in sanitary pad procurement