Category: Finance

Kathmandu: Nepal Airlines Corporation (NAC) has announced a notable financial achievement, reporting an annual income of Rs 22.24 billion in the fiscal year 2022/23. The corporation shared this information in an official statement released on Tuesday, highlighting a positive turnaround in its business operations. The fiscal year 2022/23 marks a significant improvement for NAC, which… Continue reading NAC records annual income of Rs 22.24 bc in FY 2022/23

Kathmandu: Tourism entrepreneurs from Pokhara and Bhairahawa are urging the government to promptly initiate international flights from Pokhara Regional International Airport (PRIA) and Gautam Buddha International Airport (GBIA). The appeal was made during a program organized in Bhairahawa on Saturday, a part of the ‘Jaaun Hai Pokhara’ campaign jointly conducted by the Hotel Association Pokhara… Continue reading Tourism entrepreneurs call for international flight operation from Pokhara and Bhairahawa airports

Kathmandu: In a recent gathering organized by the Nepal Trade Union Congress in Lalitpur, Finance Minister Dr. Prakash Sharan Mahat asserted that the country’s economy is on an upward trajectory. Minister Mahat highlighted various positive indicators, fostering optimism for economic growth. Tourist arrivals are experiencing an uptick, and interest rates at banks and financial institutions… Continue reading Finance Minister optimistic as economic indicators point to growth

Kathmandu: The Commission formed by the government to inquire and resolve usury related cases has resolved 5,155 cases out of over 28,000 complaints so far. Uttamraj Subedi, member of the Commission and also former Additional Inspector General of Police, shared that since the formation of the Commission, a total of 218 bigha 10 kattha 7… Continue reading Over 5,000 victims liberated from loan shark exploitation

Kathmandu: In response to escalating unemployment, the government is investing Rs 6 billion to create jobs for 60,000 individuals. Shifting focus from past controversies, the initiative emphasizes local-level development for infrastructure-related employment. Under the program, each worker will receive Rs 668 per day for up to 100 days. The effort aims to address past criticisms,… Continue reading Nepal Govt allocates Rs 6 bn for employment amid rising unemployment

Kathmandu: In a bold move against the Lalitpur Metropolitan City’s decision to clear sidewalk shops, renowned social campaigner Iih has initiated a 108-minute protest in front of the Lalitpur Metropolitan City (LMC) office. The demonstration comes in response to LMC’s recent resolution to remove sidewalk traders without providing an alternative arrangement. Commencing at approximately 3… Continue reading Social campaigner Iih leads 108-Minute protest against Lalitpur Metropolitan City’s sidewalk shop removal

Kathmandu: Fueled by a commitment to advocate for the rights of street vendors, activist Iih has declared a 108-hour protest in front of Lalitpur Metropolitan City. This move is in response to the city’s recent decision to prohibit street vendors along the Mangalbajar-Lagankhel road. Having previously staged a 199-hour protest outside the Kathmandu Metropolitan City… Continue reading Activist Iih announces 108-Hour protest against street vendor ban in Lalitpur

Kathmandu: In an effort to demand the regular operation of international flights and full capacity utilization at Gautam Buddha International Airport, a protest has been initiated from Sunday. The demonstration is taking place at Siddharth Sanyal, the headquarters of 32 private sector organizations in Rupandehi. The protest was announced by Sanyal, outlining a phased protest… Continue reading Protest unfolds at Gautam Buddha International Airport for resumption of international flights

Kathmandu: In response to escalating onion prices in the domestic market, India has officially prohibited the export of onions, as per a notice issued by the Indian government on Wednesday. The export embargo will remain in effect until March 31, 2024, according to the notice issued under the Foreign Trade Act and Policy. The notice… Continue reading India bans onion exports until March 2024 amid domestic price surge

Kathmandu: The Bangladesh government has officially approved the purchase of 40 megawatts (MW) of electricity from Nepal. The decision, granted preliminary approval by the Council of Ministers of Bangladesh, marks a significant stride in cross-border energy collaboration. The pricing details for the electricity sale from Nepal to Bangladesh have not been disclosed at this time.… Continue reading Bangladesh to purchase 40 megawatts of electricity from Nepal