Kathmandu: Korean auto brand Kia has succeeded in climbing to the third position in Nepal. The Kia seltos and another model, the Sonet, have made the Kia the third-best-selling car in Nepal. Kia, which has been in Nepal for more than 20 years, has become the third brand for the first time. The number of… Continue reading Kia became the third best selling car in Nepal
Category: Finance
China shows double standard in trade with Nepal: NCC
Kathmandu: The Nepal Chamber of Commerce (NCC) has objected to China’s double standard in trade with Nepal under the pretext of corona. The chamber has complained that the businessmen have to suffer as the checkpoint is said to be open but still closed. Stating that Nepali businessmen have suffered a lot due to ineffective Chinese… Continue reading China shows double standard in trade with Nepal: NCC
UK and EU reach post-Brexit trade agreement
BRUSSELS (AP): Just a week before the deadline, Britain and the European Union struck a tentative free-trade deal Thursday that should avert economic chaos on New Year’s and bring a measure of certainty for businesses after years of Brexit turmoil. The deal, reached after nine tough months of negotiations, would ensure Britain and the 27-nation… Continue reading UK and EU reach post-Brexit trade agreement
Govt asks sugarcane farmer for 21 days to recover their due payment
Kathmandu: The Ministry of Industry, Commerce and Supplies has asked for 21 days to pay the sugarcane farmers. The ministry has requested to postpone the agitation for 21 days as it is in touch with the sugar mills and is collecting data on the payment due to the farmers. However, the farmers, who have been… Continue reading Govt asks sugarcane farmer for 21 days to recover their due payment
Import/export gets momentum
Kathmandu: The market, which has shrunk due to the corona virus epidemic, is slowly gaining momentum. This is also indicated by foreign trade. In the first five months of the current Fiscal Year, a total of Rs. 525.49 billion worth of goods have been imported. Goods worth Rs 50.05 billion have been exported in the… Continue reading Import/export gets momentum
World Bank to provide $80 mn loans to Nepal for agro sector
Kathmandu: The Government of Nepal and the World Bank has signed a $80 million project today to bolster Nepal’s agriculture sector by strengthening rural market linkages and promoting entrepreneurship while creating jobs to support post-COVID-19 recovery. The Rural Enterprise and Economic Development Project (REED) project was signed by Finance Secretary Sishir Kumar Dhungana on behalf… Continue reading World Bank to provide $80 mn loans to Nepal for agro sector
Nepse dropped by 97 points
Kathmandu: After the government dissolved the House of Representatives, the stock market measure Nepse has come down sharply. The stock market plunged after President Bidhya devi Bhandari presented a proposal by Prime Minister KP Sharma Oli to dissolve the House of Representatives. The index has been fluctuating since the market opened on Sunday. The Nepse… Continue reading Nepse dropped by 97 points
“Concept of two-day leave to celebrate 2021 as internal tourism year”
Kathmandu: Minister for Culture, Tourism and Civil Aviation Yogesh Bhattarai has said that 2021 will be celebrated as the year of domestic tourism. He mentioned that the concept of two days public holiday has been introduced for the same reason. Addressing an event on ‘Impact of COVID-19 on Tourism and Future Directions’ organized by the… Continue reading “Concept of two-day leave to celebrate 2021 as internal tourism year”
Govt spent Rs 1.40 billion from Corona Fund
Kathmandu: The Corona Infection Prevention and Treatment Fund has so far accumulated Rs 1.7882 billion. The income and expenditure details made public by the Office of the Comptroller and Auditor General show that amount as income. Similarly, the expenditure was Rs 1.40 billion, according to the Office of the Comptroller and Auditor General. A total… Continue reading Govt spent Rs 1.40 billion from Corona Fund
Positive situation has been created in the economy: Ministry of Finance
Kathmandu: The Ministry of Finance has analyzed that the positive situation in the economy has been created due to the recent movement in the midst of the corona virus epidemic. The Ministry has made such analysis by making public the review details of the first four months of the current Fiscal Year 2020/2021. According to… Continue reading Positive situation has been created in the economy: Ministry of Finance