Kathmandu: In a noteworthy development, a temporary shelter structure for security personnel has been erected on the Nepal side of the Korala border in Lo Manthang Rural Municipality of Mustang, poised for re-operation after a hiatus of four years. Under the guidance of Lomanthang People’s Representative and Armed Border Out Post (BOP), China has constructed… Continue reading Nepal-China border at Korala set to reopen after four years
Category: Finance
Fast Track achieves 27.19 percent physical progress
Kathmandu: Terai Fast Track has achieved 27.19 per cent physical progress and 29.32 per cent financial progress amidst various obstacles and challenges. The national pride project is being implemented by the Nepali Army (NA). Once the four-lane express way completes, the southern plains can be reached within 2 hours 2 minutes from the Kathmandu Valley.… Continue reading Fast Track achieves 27.19 percent physical progress
Robust growth in remittances: inflows surge by 30.0% to Rs.365.34 bn
Kathmandu: Nepal experiences a substantial increase of 30.0% in remittance inflows, reaching Rs.365.34 billion in the current review period, in contrast to a 16.8% rise in the corresponding period of the previous year. In US Dollar terms, remittances see a notable 25.9% increase, totaling $2.76 billion, compared to the previous year’s 7.9% growth. During the… Continue reading Robust growth in remittances: inflows surge by 30.0% to Rs.365.34 bn
Nepal and development partners unite to advance green, resilient, and inclusive development with strategic action plan
Kathmandu: The Government of Nepal and 16 development partners agreed to consolidate and scale up financing and technical assistance to support Nepal to implement a set of high-priority investments and policies in line with Nepal’s Green, Resilient, and Inclusive Development (GRID). A joint communique to operationalize Nepal’s GRID Strategic Action Plan was endorsed at a… Continue reading Nepal and development partners unite to advance green, resilient, and inclusive development with strategic action plan
Gold price set record high price of Rs 116,000 per tola
According to the Federation of Nepal Gold and Silver Dealers’ Associations, on Friday, gold prices in Nepal reached an unprecedented level. The price for one tola of gold soared to a record-breaking Rs 116,000, marking a significant milestone. The determination of gold prices was temporarily halted the previous week due to the Dashain festivities. At… Continue reading Gold price set record high price of Rs 116,000 per tola
NAC calls for bids to purchase 2 new aircraft in expansion effort
Nepal Airlines Corporation (NAC) Invites Bids for the Purchase of Three New Aircraft as Part of Expansion Plans In a recent announcement, Nepal Airlines Corporation (NAC) has issued a bid invitation for the procurement of three additional aircraft, marking a significant step in their expansion strategy. The bidding process commenced on Sunday, October 22, and… Continue reading NAC calls for bids to purchase 2 new aircraft in expansion effort
Nepal Airlines aims to purchase 10 aircrafts this Fiscal Year
Kathmandu: Sudan Kirati, Minister for Culture, Tourism, and Civil Aviation, announces plans to acquire up to ten new aircraft for Nepal Airlines Corporation (NAC) in the current fiscal year. During a meeting with students at his official residence in Pulchowk, the Minister highlighted the necessity of increasing NAC’s aircraft fleet to address airfare discrepancies and… Continue reading Nepal Airlines aims to purchase 10 aircrafts this Fiscal Year
Gold price surges by Rs 2,900 per tola
Kathmandu: Today in the domestic market, the price of gold has surged by Rs 2,900 per tola. Fine gold is now being traded at Rs 113,000 per tola, compared to Rs 110,100 per tola on Friday. Likewise, the price of standard gold has risen to Rs 112,450 per tola from Rs 109,550 per tola yesterday.… Continue reading Gold price surges by Rs 2,900 per tola
Remaining debris from destroyed Titan sub found on Atlantic seabed
Kathmandu: Engineers have recovered the rest of the debris and presumed human remains from the Titan submersible which imploded on an ill-fated trip to the Titanic, the US Coast Guard says. The craft was destroyed during a dive to the shipwreck in June. All five passengers on board were killed. The search for the sub… Continue reading Remaining debris from destroyed Titan sub found on Atlantic seabed
ANFA announces Nepali team for World Cup qualification
Kathmandu: All Nepal Football Association (ANFA) has unveiled a 23-player roster for the preliminary stage of the World Cup Qualifiers. Tomorrow, Nepal will engage in the first leg of the preliminary round against Laos at Dashrath Stadium, commencing at 5:30 PM. Vincenzo Alberto Enesse, the head coach of the Nepali National Football Team, introduced the… Continue reading ANFA announces Nepali team for World Cup qualification