Category: Finance

Kathmandu: Nepal Oil Corporation (NOC) has reduced the price of air turbine fuel (ATF). Stating that the new price of aviation fuel has decreased to some extent, the corporation has informed that the price has been adjusted. The Corporation has reduced the selling price of domestic aviation fuel by Rs 10 per liter to Rs… Continue reading NOC drops Air turbine fuel price

Kathmandu: Kailash Mansarovar trip from Nepal has resumed after three years. The trip was halted due to the covid-19 pandemic. Now Nepali citizens and tourists from other countries can travel to Mansarovar from Nepal. However, Indians are yet to be allowed to travel from Nepal. The suitable season for Kailash Yatra is from May to… Continue reading Kailash Mansarovar trip from Nepal resumes after 3 years

Kathmandu: The Nepal School Staff Council has announced the indefinite closure of community schools from Sunday. The council has announced a strike with the aim of pressurizing the government to fulfill their demands. In the circular sent by the general secretary of the council Shantinath Yogi to all 77 district working committees and 753 local… Continue reading Threat to halt community schools from Sunday

Kathmandu: Nepal has made significant progress on fiscal federalism, but more needs to be done to strengthen the regulatory framework, institutional setup, human resource capacity, and public financial management (PFM) systems at the provincial and local levels, says the World Bank in its first annual Nepal Fiscal Federalism Update launched today. “The report highlights the… Continue reading New World Bank Report Recommends Reforms to Strengthen Fiscal Federalism in Nepal

Kathmandu: The labor agreement signed four years ago between Nepal and the UAE has been renewed. The agreement was renewed during the joint working committee meeting organized today by the Ministry of Labor. In the meeting, the implementation and progress of the agreement between the two countries was reviewed. In the meeting, Nepal informed about… Continue reading Nepal renew labor agreement with UAE

Kathmandu: With the aim of promoting the production, consumption and export of Nepali coffee, the National Coffee Conference is going to be held for the first time in Nepal. The conference will be held from June 17-20 in Kathmandu. The Nepal Coffee Traders Federation is conducting the conference and exhibition in collaboration with the International… Continue reading Nepal to host first ever coffee conference

Kathmandu: The World Bank and Ministry of Finance convened a high-level roundtable meeting today on investment priorities and enabling policies to operationalize Nepal’s vision for Green, Resilient, and Inclusive Development (GRID). Leaders from Government and development partners, as well as representatives from civil society, the private sector, youth groups, and think tanks participated in the… Continue reading Nepal govt and stakeholders convene to discuss actions and investment priorities for inclusive development

Kathmandu: The Foreign Employment Board is going to provide free skill training for garment machine operators from the first week of next month to women who are preparing to go for foreign employment. In issuing a notice on Thursday, the board has called upon interested women who have made passports or who have submitted revenue… Continue reading Govt providing free garment machine operating training to 500 women

Kathmandu: Global growth has slowed sharply and the risk of financial stress in emerging market and developing economies (EMDEs) is intensifying amid elevated global interest rates, according to the World Bank’s latest Global Economic Prospects report. Global growth is projected to decelerate from 3.1% in 2022 to 2.1% in 2023. In EMDEs other than China,… Continue reading Global Economy on Precarious Footing Amid High Interest Rates: WB

Kathmandu: Nepal Rastra Bank (NRB) has started preparing the monetary policy for the next financial year 2023/24. After the government presented the budget for the next financial year to the Parliament, the National Bank started preparation for the monetary policy. The NRB has also asked for suggestions from the stakeholders. The monetary policy formulation procedure… Continue reading NRB asks stakeholder’s suggestions for monetary policy