Category: Finance

Kathmandu: In a significant move to promote ‘learning by earning’, the Ministry of Education, Science and Technology, and the Ministry of Energy, Water Resources and Irrigation have signed a memorandum of understanding (MoU) to enhance the skills and apprenticeship opportunities for students of the Council for Technical Education and Vocational Training (CTEVT). The MoU aims… Continue reading Ministries collaborate to enhance skills and apprenticeships for CTEVT students

Kathmandu: The Commission for the Investigation of Abuse of Authority (CIAA) has taken action against Chiribabu Maharjan, Mayor of Lalitpur Metropolitan City, following allegations of unauthorized fund distribution intended for flood victims. According to a complaint lodged with the CIAA, it is alleged that Rs 150,000 and Rs 250,000 were disbursed to flood victims in… Continue reading CIAA summons Lalitpur Mayor over alleged fund misappropriation

Kathmandu: Nepal Rastra Bank (NRB) has sounded alarm bells over a significant rise in suspicious financial transactions across the country’s banks and financial institutions (BFIs). According to records from NRB’s Financial Investigation Unit (FIU), these transactions surged by a staggering 57 percent in 2023 alone, reaching a total of 6,255 cases amounting to approximately Rs… Continue reading Surge in suspicious financial transactions reported by NRB

Kathmandu: Civil Aviation Authority of Nepal (CAAN) has taken decisive action against Yuvraj Adhikari, the chairperson of Nepal Airlines Corporation (NAC), following an unauthorized dispatch of a wide-body aircraft for a critical maintenance check. The suspension of Adhikari, along with several key personnel, stems from an incident where an NAC aircraft was sent for a… Continue reading CAAN suspends NAC Chairperson over unauthorized aircraft dispatch

Kathmandu: The Government of Israel has unveiled a significant opportunity for Nepali caregivers, offering 800 positions with attractive monthly salaries exceeding Rs 200,000. The Department of Foreign Employment has initiated the application process, which will remain open online for 21 days from the date of the announcement. Applicants must meet specific eligibility criteria to be… Continue reading Israel announces 800 caregiver positions with high salaries for Nepali applicants

Kathmandu: Deputy Prime Minister and Foreign Minister Narayankaji Shrestha announced Kuwait’s intention to hire an additional 200,000 Nepali workers during a media briefing at Tribhuvan International Airport. He shared this information upon returning from the 19th Foreign Ministerial level meeting of Asia’s Cooperation Dialogue (ACD) in Tehran, Iran. Foreign Minister Shrestha disclosed that Kuwait’s Foreign… Continue reading Kuwait to increase Nepali workers to 300,000

Kathmandu: Following the filing of a corruption case by the Commission for the Investigation of Abuse of Authority (CIAA) against Chief Secretary Dr. Baikuntha Aryal and 11 others, including high-ranking officials, the government has initiated steps to appoint an acting chief secretary. The CIAA’s case, lodged in the Special Court, implicates individuals allegedly involved in… Continue reading CIAA files corruption case agains Chief Secretary Aryal

Kathmandu: After a hiatus of three months, the Hetauda Cement Industry has recommenced production operations starting today. The shutdown, lasting two weeks longer than anticipated, was necessitated by maintenance work on the industrial furnace and essential equipment. Naveen Kumar Karna, deputy general manager of the industry, attributed the initial halt in production to protests from… Continue reading Hetauda Cement Industry resumes production after temporary closure

Kathmandu: The operation of ride-sharing services through mobile apps has been abruptly halted in Pokhara, Kaski, following a public notice issued by the Transport Management Office, Kaski, on Friday. The notice mandates an immediate cessation of passenger transportation via ride-sharing platforms and warns of legal consequences for violators. Dilliram Rijal, chief of the Transport Office… Continue reading Temporary ban on ride-sharing apps in Pokhara amid legal uncertainty

Kathmandu: Nepal’s public debt has surged past Rs 2.4 trillion during the current fiscal year 2023/24, marking a significant increase from the beginning of the year. According to the latest data from the Public Debt Management Office (PDMO), as of mid-June, the country’s domestic debt stands at Rs 1.195 trillion, while external debt amounts to… Continue reading Nepal’s public debt surpasses Rs 2.4 trillion