Category: Finance

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

Kathmandu: Three people including industrialist Arun Chaudhary who were earlier arrested by the Central Investigation Bureau (CIB) of Nepal Police over the charge of illegal privatization of land owned by Bansbari Leather and Shoes Factory have been released.They were freed today following the verdict of the District Court Kathmandu with the condition of presenting themselves… Continue reading Kathmandu District Court orders release of individuals arrested in land privatization case pending investigation

Kathmandu: The United States Government, through the United States Agency for International Development (USAID), has pledged $1.37 million to aid recovery efforts in the aftermath of the devastating earthquake that struck Jajarkot in 2023. The earthquake, with a magnitude of 5.6, hit Jajarkot and Rukum West on November 3, 2023, causing the loss of at… Continue reading USAID allocates $1.37 mn for earthquake recovery in Jajarkot

Kathmandu: Hetauda Cement Industry has successfully recommenced cement production following a hiatus of three and a half months. The suspension was attributed to a shortage of coal, a crucial component in the cement manufacturing process. Naveen Kumar Karna, Deputy General Manager of the industry, cited financial constraints as the primary obstacle in procuring coal during… Continue reading Hetauda Cement Industry resumes production after coal shortage disruption

Kathmandu – The World Gold Council, also known as the WGC, has forecasted a notable surge in global gold demand by 3% in the year 2023, reaching a total of 4,899 tons. According to the publicized data, the central banks around the world are expected to account for 1,137 tons of gold demand in 2023,… Continue reading World Gold Council predicts a 3% increase in global gold demand in 2023

Kathmandu: In a high-level discussion at the Prime Minister’s office in Singhadarbar, Prime Minister Pushpa Kamal Dahal Prachanda explored the possibility of reopening the Hetauda Textile Industry in collaboration with the Nepali Army. This discussion follows the recent focus on reviving the textile industry in Hetauda, which has remained closed since 2032 B.S. The Nepali… Continue reading PM Dahal discusses reopening of Hetauda Textile Industry with Nepali Army

Kathmandu: The Supreme Court of Nepal has upheld its previous verdict, ordering Bhatbhateni Supermarket, accused of using fake VAT bills, to pay more than Rs 1.6 billion to the government. The decision confirms that Bhatbhateni conducted business using counterfeit VAT bills, affirming the tax evasion allegations. After an initial tax assessment by the Inland Revenue… Continue reading Supreme Court orders Bhatbhateni Supermarket to pay over Rs 1.6 billion for tax evasion

Kathmandu: The Nepal International Tourism Fair is going to be held with the aim of publicizing the tourist destinations of Nepal at the international level. The fair is going to be organized on coming May 31 to June 1 to promote the tourism sector of Nepal globally, said Bishnu Pandey of Summit Event and Market… Continue reading ‘Nepal International Tourism Fair’ set to showcase global tourism potential

Kathmandu: In a bid to revive stagnant industries, the government, led by Prime Minister Pushpa Kamal Dahal, has set the stage for the re-operation of four long-closed establishments. The Prime Minister engaged in discussions with the Ministry of Industry, Commerce, and Supplies to explore options for reviving Biratnagar Jute Mills, Hetauda Textile Industry, Gorakhkali Rubber… Continue reading Govt plans revival of closed industries for economic growth

Kathmandu: In a recent discussion program organized by the Advertisement Board on the ‘Role of Artists in Advertising,’ Chairman Laxman Humagain revealed that foreign artists are now prohibited from being featured in billboards displayed in public spaces and advertisements circulated in the media. Chairman Humagain highlighted the regulatory framework established after the enactment of the… Continue reading New regulations prohibit use of foreign artists in public advertisements