Government of Nepal and the World Bank Launch $60 million Nurturing Excellence in Higher Education Program

Kathmandu: The Nurturing Excellence in Higher Education Program (NEHEP) was jointly launched on October 26 by the University Grants Commission, Ministry of Education, Science and Technology, and the World Bank.The five-year program aims to improve the quality and labor market relevance of Nepal’s higher education, scale up collaborative research and online learning, and expand access… Continue reading Government of Nepal and the World Bank Launch $60 million Nurturing Excellence in Higher Education Program

Govt forms a taskforce to study flood damage

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Kathmandu: The government has formed a task force under the coordination of Home Ministry Secretary Teknarayan Pandey to study the damage caused to the paddy crop due to unseasonal rains and submit a report within three days. The cabinet meeting held on Monday formed a working group comprising Secretary of the Ministry of Home Affairs,… Continue reading Govt forms a taskforce to study flood damage

NOC faces loss worth 2.22 bn in last 15 days

Photo Courtesy: Nepal Oil Corporation

Kathmandu: The loss of Nepal Oil Corporation has skyrocketed due to increase in the price of petroleum raw material in the international market. In the last 15 days alone, more than Rs 2.22 billion loss has been projected. The corporation had incurred a loss of Rs 4 billion last year for the first time in… Continue reading NOC faces loss worth 2.22 bn in last 15 days

Banks and financial institutions resume from today

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Kathmandu: Banks and financial institutions have reopened after the end of the Dashain holiday. All the banks and financial institutions have been reopen from today. According to Nepal Rastra Bank, there will be regular transactions in all banks from today. Banks were closed all over the country, including the Kathmandu Valley during the festive holiday.

Agreement to simplify start-up business loan procedures

Photo Courtesy: Ministry of Finance

Kathmandu: Stakeholders have urged the government that the youth can be attracted toward start-up businesses if only the government ease loan process. In a discussion held at the Ministry of Finance on Friday, stakeholders have come to the conclusion that cumbersome procedures cannot promote start-ups. On the occasion, it was emphasized that the procedure should… Continue reading Agreement to simplify start-up business loan procedures

Services-led Growth Key to Nepal’s Green, Resilient, and Inclusive Development

Kathmandu: A gradual recovery is underway in Nepal, boosted by the lifting of containment measures as vaccination picks up and tourism and migrant worker flow recover. The economy is expected to grow by 3.9 percent in FY22, an improvement over 1.8 percent growth in FY21, but still below pre-pandemic growth averages, according to World Bank’s… Continue reading Services-led Growth Key to Nepal’s Green, Resilient, and Inclusive Development

Pvt sector urges govt to ratify MCC

Kathmandu: Three major private sector organizations have urged parties to ratify the Millennium Challenge Corporation (MCC) agreement, a US aid project. The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI) and the Nepal Chamber of Commerce (NCC) on Wednesday issued a joint press release demanding immediate implementation of… Continue reading Pvt sector urges govt to ratify MCC

Finance ministry asks govt vehicle details

Kathmandu: The Ministry of Finance has demanded details of government vehicles. Finance Minister Janardan Sharma told the Sustainable Development and Good Governance Committee of the parliament that he had demanded details of the condition of the old vehicles. According to Finance Minister Sharma, there is still demand from the Ministry of Finance and various agencies… Continue reading Finance ministry asks govt vehicle details

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Cable TV to protest against pole rent increased by NEA

Kathmandu: Cable television entrepreneurs are also preparing for the agitation saying that they have been impacted negatively by the pole rent fixed by the Nepal Electricity Authority (NEA). National Gathering of Cable Television Entrepreneurs held in Kathmandu on Wednesday issued a press statement announcing to protest against the decision of the Authority. The conference has… Continue reading Cable TV to protest against pole rent increased by NEA