Category: Finance

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

Kathmandu: The Asian Development Bank (ADB) has agreed to provide a concessional loan and grant totaling NPR 21.23 billion to Nepal for the implementation of a new advanced irrigation project. The agreement, signed on Wednesday between Nepal’s Ministry of Finance and ADB, will fund the latest mechanical irrigation initiative. Under the agreement, ADB will provide… Continue reading ADB provides concessional loan and grant Rs. 21.23 bn to Nepal for irrigation projects

Kathmandu: The Embassy of the Republic of Korea in Nepal hosted the 2024 Korea-Nepal Agriculture Cooperation Seminar in Kathmandu on December 8, celebrating the 50th anniversary of diplomatic relations between the two nations. The seminar focused on the expanding collaboration between South Korea and Nepal in the agricultural sector, following the signing of a bilateral… Continue reading Korea-Nepal Agriculture Cooperation Seminar marks 50th anniversary of diplomatic ties

Kathmandu: Flights were halted at several airports in Nepal’s eastern region on Tuesday due to heavy fog, causing widespread disruptions. Most flights could neither take off nor land until around 12 noon, leaving passengers stranded and causing significant delays. According to Tribhuvan International Airport (TIA) officials, airports in Janakpur, Simara, Bhadrapur, Biratnagar, Chandragadhi, Rajbiraj, and… Continue reading Heavy fog disrupts flights across eastern Nepal

Kathmandu: Chhabilal Joshi and Ram Bahadur Khanal, former directors of Gorkha Media, who were arrested for allegedly embezzling funds from a cooperative, have been moved from Pokhara to Parsa for further questioning. The two suspects, accused of defrauding a cooperative in Parsa, were transferred to Birgunj on Sunday evening after an arrest warrant was issued… Continue reading Rabi Lamichhane to be moved to Parsa for embezzlement probe

Kathmandu: PATA Nepal Chapter actively participated in the Guangzhou International Travel Fair (GITF) and the NICE 2025 Roadshow in China, engaging with over 250 outbound tour operators and media representatives. The events, held in Guangzhou on December 2 and Shenzhen on December 4, provided an ideal platform to promote Destination Nepal and the upcoming Nepal… Continue reading PATA Nepal Chapter promotes Nepal tourism and NICE 2025 at GITF and roadshow in China

Kathmandu: The Special Court has convicted four individuals in a corruption case related to the procurement of two wide-body Airbus A330 aircraft by Nepal Airlines Corporation (NAC). The convicted include Shankar Prasad Adhikari, the former NAC Chairman and Tourism Secretary, Sugat Ratna Kansakar, the former NAC Managing Director, and two former NAC Board members, Buddhi… Continue reading Special Court convicts 4 in corruption case over NAC Wide-Body aircraft procurement

Kathmandu: The Chinese government has announced a grant aid of 500 million RMB (approximately 9 billion Nepali Rupees) to Nepal. The announcement was made during a meeting between Nepal’s Prime Minister KP Sharma Oli and China’s President Xi Jinping. According to a statement by the Ministry of Foreign Affairs, the meeting between Prime Minister Oli… Continue reading China announces grant aid of Rs. 9 billion to Nepal

Kathmandu: Nepal and China have officially signed the much-anticipated Belt and Road Initiative (BRI) Cooperation Framework in Beijing on Wednesday. The agreement, which government officials believe will pave the way for the implementation of BRI projects in Nepal, was signed during the visit of Prime Minister KP Sharma Oli to China. The announcement was confirmed… Continue reading Nepal-China sign Belt and Road Initiative (BRI) Cooperation Framework

Kathmandu: Nepal India China Expo (NICE) 2025, a landmark tri-nation event, will take place from February 24 to 26, 2025, at the Pokhara Event Center in Nepal’s tourism capital, Pokhara. Organized by the PATA Nepal Chapter in collaboration with the Nepal Tourism Board (NTB), the Ministry of Industry and Tourism (Gandaki Province), Pokhara Metropolitan City,… Continue reading Nepal India China Expo (NICE) 2025 to be held in Pokhara