Category: Finance

Kathmandu: Nepal Electricity Authority (NEA) has got permission to sell 109 MW electricity to India. The Central Electricity Authority under the Ministry of Electricity of India has given permission to NEA to sell 109 megawatts of 2 hydropower projects for a period of 5 years. NEA will sell the electricity to India’s NTPC Vidyut Vhar… Continue reading NEA receives permission to sell 109 MW electricity to India

Kathmandu: Bhutan Airlines (B3) – Bhutan’s first private airline headquartered in Thimphu, represented in Nepal by Society International Travel Services as the official General Sales Agent (GSA) has announced the resumption of scheduled flights from the 16th of September, 2023 with 4 weekly flights on Sundays, Mondays, Wednesdays and Saturdays. Bhutan Airways flights will resume… Continue reading Bhutan Airlines announces resumption of flights from 16th Sept

Kathmandu: The Nepal Rastra Bank (NRB) and International Finance Corporation (IFC) have just formalized an agreement to bolster the financial technology (fintech) ecosystem in Nepal through increased uptake of electronic payments and enhanced innovation in digital financial services. The partnership – which falls under NRB and IFC’s Nepal Digital Financial Services Project – will support… Continue reading NRB and International Finance Corporation join hands to strengthen Nepal’s fintech ecosystem

Kathmandu: Pacific Asia Travel Association (PATA) Nepal Chapter participated in the ‘Cross-Border Tourism with Neighbours’ event, a tourism promotional event organized by PATA Bangladesh Chapter in collaboration with the Bangladesh Tourism Board, BangladeshParjatan Corporation, and all tourism-related associations in Dhaka and Cox’s Bazar, Bangladesh, from August 26th to 30th, 2023. The event aimed to promote… Continue reading PATA Nepal and Bangladesh, along with HHTDN, Collaborate to Boost Regional Tourism

Kathmandu: The Tourism and Air Transport Committee under the Federation of Nepal Chamber of Commerce and Industry has demanded that the hotel be recognized as an industry. The committee made this demand while meeting with Mukunda Prasad Niraula, secretary of the Ministry of Industry, Commerce and Supply on Tuesday. The committee has complained that the… Continue reading Demand to recognize hotel sector as an industry

Kathmandu: Cameron S. Alford, the vice president of the United States Cooperation Agency Millennium Challenge Corporation (MCC), arrived in Nepal on Tuesday. He landed at Tribhuvan International Airport in the afternoon. He is here for the official inauguration of the MCC project in Nepal. The MCC project worth about 700 million dollars is scheduled to… Continue reading MCC Vice President in Nepal

Kathmandu: Russia has requested a proposal for the metro rail project in Kathmandu. A team including Russian Ambassador Alexei Nomiko demanded such a proposal in a meeting with Physical Infrastructure and Transport Minister Prakash Jwala on Monday. In Monday’s meeting, Minister Jwala proposed a metro train to be operated in Kathmandu Valley. In response, the… Continue reading Russia proposes to build metro rail inside Kathmandu

Kathmandu: The annual average consumer price inflation of the country stood at 7.74 percent in FY 2022/23 compared to 6.32 percent a year ago. Under the food and beverage category, the annual average consumer price index of restaurant & hotel sub-category increased 14.42 percent, spices 12.50 percent, cereal grains & their products 10.70 percent, tobacco… Continue reading Consumer price inflation reach 7.74 pc in last 12 months

Kathmandu: Last year, 1,208 Nepali workers lost their lives who went abroad for employment. The statistics of the financial assistance given by the Foreign Employment Board to the families of workers who lost their lives abroad show that 1,208 Nepalis who took work permits for employment in the last fiscal year 2079/080 died. Among them… Continue reading More than 1200 Nepali migrant workers dies in last 12 months

Kathmandu: The Government of Nepal and eight development partners finalized the signing of a joint financing arrangement for the implementation of School Education Sector Plan (SESP) that seeks to support Nepal’s long-term goal of ensuring inclusive access to quality education for all children. The arrangement encompasses a combined US$780 million in pooled-budget support development assistance.… Continue reading Nepal govt and education development partners formalize cooperation for School Education Sector Plan