Category: Finance

Kathmandu: Fonepay has signed a Memorandum of Understanding (MoU) with Sri Lanka’s NationalPayment Network: LankaPay, to collaborate on the strategic partnership to revolutionize thedigital payment landscape by developing an interoperable digital payment system thatenables users to transact seamlessly across the two countries. The MOU was signed by Diwas Kumar Sapkota, the CEO of Fonepay and… Continue reading Fonepay and LankaPay sign MOU for cross-border interoperable payment system

Kathmandu: The Government of Nepal and the World Bank today signed a financing agreement for a $120 million concessional loan from the International Development Association and a grant agreement for $19.7 million from the Global Partnership for Education for the School Sector Transformation Program (SSTP) Operation, which support the implementation of the government’s flagship School… Continue reading Nepal signs $120 mn concessional loan financing agreement and $19.7 mn grant agreement with World Bank

Kathmandu: The government has presented a budget of 1,751 billion rupees for the coming financial year. In the joint meeting of the Federal Parliament, Finance Minister Dr Prakasharan Mahat announced the budget of 1,751 billion rupees for the coming financial year 2023/24. To maintain prosperity and good governance, the budget will also be focused on… Continue reading Nepal govt allocates 1,751 bn rupees budget for FY 2023/24

Kathmandu: The policy and program for the financial year 2023/24 has been passed by a majority. The government’s policy and program presented by President Ramchandra Paudal in both houses of the Federal Parliament on May 19 was passed by the Parliament meeting held on Saturday. The draft of policy and program was passed by the… Continue reading House of Representatives passed govt’s policy and program by majority votes

Kathmandu: Nepal Airlines Corporation (NAC) has started preparation to connect Kathmandu-Australia by direct air flight. According to Nepal Airlines, preparations have been made to fly the aircraft to Australia with technical transit in Singapore. The Corporation has received a slot (flight/landing time) at Sydney Airport. Now work is going on for the rest of the… Continue reading NAC preparing for Kathmandu-Australia direct flight

Kathmandu – In today’s meeting of the House of Representatives, Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has got scheduled to answer the questions raised during the discussion on policies and programs. The meeting will start at 11 am. It is prepared to submit the amendment proposal for decision and pass the policy and program in… Continue reading Prime Minister to answer questions raised on policy and program today

Kathmandu: IFC’s $55 million for Siddhartha Bank Limited (SBL) will support the bank in increasing access to finance for small businesses, while also fostering climate finance in Nepal. IFC has been supporting the growth of Nepal’s financial sector for the past two decades, and this is our largest investment in any financial institution in the… Continue reading IFC’s Invests USD 55 Million in Nepal’s Financial Sector to Support SME Growth and Green Finance

Kathmandu: Bangladesh has agreed to import 40 megawatts of electricity from Nepal using the Indian transmission line in the meeting of the Nepal-Bangladesh Energy Secretary-level joint directorate committee held in Bangladesh. It has been agreed to sign a power sale agreement as soon as possible between the Nepal Electricity Authority, NTPC Electricity Trading Corporation, India… Continue reading Bangladesh agrees to buy 40 MW electricity from Nepal

Kathmandu: Indian Oil Corporation (IOC) has reduced the price of petroleum products to Nepal Oil Corporation (NOC). According to the corporation, the price list has been reduced by 9 rupees 52 paise per liter of petrol and 8 rupees 13 paise per liter of diesel. The IOC sends the new price list to the Corporation… Continue reading India reduces fuel price to Nepal

Kathmandu: The ‘International Conference on Financing for Nepal’ 2023 was organised jointly by the Investment Board Nepal (IBN) and Standard Chartered Bank Nepal Limited (SCBNL) in collaboration with the Society of Economic Journalists – Nepal (SEJON). Addressing the opening session of the conference, Right Honourable Prime Minister and Chairman of the Investment Board Pushpa Kamal… Continue reading Investment Board Nepal and Standard Chartered Bank co-organise International Conference on Financing for Nepal