Category: Finance

Kathmandu: The Commission for the Investigation of Abuse of Authority (CIAA) has taken legal action against 19 individuals, which includes eight forest officers from Kapilvastu. The charges allege corruption in connection with exceeding the permitted limit of tree cutting. The CIAA has officially lodged a corruption case at the Special Court, accusing the Gautam Buddha… Continue reading CIAA files corruption case against 19 individuals, including forest officers in Kapilvastu

Kathmandu: In a pivotal decision, the Indian government, led by a committee chaired by Home Minister Amit Shah, has officially lifted the ban on onion exports. The ban, which was implemented in December 2023 to address soaring onion prices domestically, had a significant impact on the market, resulting in a subsequent decline in onion prices… Continue reading India lifts ban on onion export

Kathmandu: Commission for the Investigation of Abuse of Authority (CIAA) has taken legal action by filing a corruption case against 18 individuals linked to the Melamchi Water Supply Project. The case, submitted to the special court on Sunday, includes three former secretaries and other notable figures. Former secretaries Bhim Upadhyaya, Sanjay Sharma, and Gajendra Thakur… Continue reading CIAA files corruption case against 18 individuals in Melamchi Water Supply Project

Kathmandu: The Employment Permit Section Korea, a division of the Department of Foreign Employment (DoFE), has announced the commencement of the Korean Language Test (KLT) from February 19th. The exams will be held at the National Vocational Training Academy in Bhainsepati, as revealed by Maiya Kandel, the Director at EPS Korea. The KLT will be… Continue reading Korean language test to begin from 19th February

Kathmandu: Prime Minister Pushpa Kamal Dahal has said the outflow of money from countries like Nepal for higher education should be stopped. Addressing the inauguration of the Association of Indian Universities (AIU) – North Zone Vice Chancellors’ Meet 2024 & Bharat-Nepal Higher Education Summit today, he underscored the need for making efforts for retaining within… Continue reading PM Dahal calls for halting money outflow in the name of higher education

Kathmandu: A team of the International Monetary Fund (IMF) that visited Nepal has found an investment-friendly environment in the energy infrastructure sector in Nepal despite various challenges in Nepal’s economy.  The IMF staff team, led by Tidiane Kinda, conducted a staff visit to Nepal from February 5-12, 2024, to discuss recent macroeconomic developments and the… Continue reading IMF team identifies investment-friendly environment in Nepal’s energy sector

Kathmandu: Street vendors within the Kathmandu Metropolitan City (KMC) have staged demonstrations, jointly organized by the National Self-Employed Traders Association, Nepal Street Trade Union, and street vendors themselves, to express their grievances against the KMC’s actions. Vendors accused the KMC of disrupting negotiations and engaging in unilateral actions. Allegedly, the metropolis confiscated vendors’ goods at… Continue reading Street vendors in Kathmandu protest against KMC

Kathmandu: In a significant move, Nepal Rastra Bank (NRB) has announced regulatory changes exempting foreign investments in listed companies from the need for central bank approval. The third amendment to the NRB Foreign Investment and Foreign Loan Management Bylaws 2021 aims to streamline and encourage foreign participation in Nepal’s stock market. Under the amended regulations,… Continue reading NRB eases regulations for foreign investment in listed companies

Kathmandu: A recent Nepal Business Survey for the year 2078 BS has brought to light a significant issue, revealing that approximately 32% of business establishments in the country are currently operating without proper registration. The survey, encompassing 498,058 wholesale and retail establishments, disclosed that only 68% of these businesses are officially registered with government agencies,… Continue reading Nearly one-third of Nepali businesses lack formal registration, survey reveals

Kathmandu: Nepal and Australia have officially signed a trade and investment agreement during the visit of Nepal’s Foreign Minister NP Saud to Australia. The agreement, signed by Nepal’s Ambassador to Australia Kailash Raj Pokharel and Australia’s Assistant Foreign Minister Tim Watts, was witnessed by the respective foreign ministers, NP Saud and Penny Wong. Both foreign… Continue reading Nepal and Australia ink trade and investment agreement