Category: Finance

Kathmandu: The government has introduced the ‘National Startups Policy, 2080’ to bolster investment in startup companies. This policy, recently adopted by the Council of Ministers, encompasses several key provisions aimed at facilitating entrepreneurship and innovation. Under the policy, startups will benefit from waivers on costs associated with registering businesses and industrial properties. Additionally, entrepreneurs will… Continue reading Govt introduces ‘National Startups Policy, 2080’ to boost startup investment

Kathmandu: In a bid to bolster green economic practices and job creation in Pokhara, the Korean government has committed USD 9.8 million towards the “Green Job Creation through Recycling and Upcycling Project in Pokhara Metropolitan City (PMC)”. The Memorandum of Understanding (MoU) for this initiative was inked by Taeyoung Park, Ambassador of the Republic of… Continue reading Korea pledges $9.8mn for green job creation in Pokhara

Kathmandu: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has asked the private sector to invest in the country’s hydropower sector with confidence, stating that an agreement has been signed with India to export 10,000 megawatts of power from Nepal in a decade. Addressing the 22nd annual general assembly of Independent Power Producers’ Association, Nepal (IPPAN) here… Continue reading PM Dahal calls for private sector confidence in hydropower investment

Kathmandu: In a landmark move aimed at facilitating Nepali citizens working abroad, the Ministry of Labour, Employment and Social Security (MoLESS) has introduced amendments to the Foreign Employment Management Service Delivery Procedure 2081 BS. This revision now enables Nepali workers, who initially traveled abroad on various visas excluding employment visas, to obtain Legitimization Work Permits… Continue reading Nepali workers abroad granted path to legitimization work permits

Kathmandu: Nepal’s economic landscape witnesses a significant uptick as the nation’s foreign exchange reserves witness a remarkable surge. According to the latest figures released by the Nepal Rastra Bank (NRB), as of mid-April 2024, the total foreign exchange reserves have ballooned by 24.2 percent, reaching a staggering NPR 1.911 trillion. This notable increase marks a… Continue reading Nepal’s foreign exchange reserves surge to Rs 1.911 trillion

Kathmandu: The European Union (EU) has announced its commitment to aid Nepal in attracting investment. EU Ambassador to Nepal, Veronique Lorenzo, revealed plans for the upcoming ‘EU-Nepal Trade Forum’ in Kathmandu aimed at bolstering European investment in Nepal. During a reception commemorating the 50th anniversary of diplomatic ties between Nepal and the EU, Ambassador Lorenzo… Continue reading EU pledges support for Nepal’s investment drive

Kathmandu: With 46 percent female representation in its entry-level workforce, the banking industry in Nepal is ahead of other countries in South Asia in achieving gender parity. However, only 23 percent of senior management roles are held by women, according to a new IFC report that examines gender diversity at six leading banks in Nepal.… Continue reading Nepal’s banking excels in female representation, but women still face leadership barriers: IFC

Kathmandu: MCA-Nepal has achieved a significant milestone by securing a contract agreement for the construction of the New Butwal Substation, funded by the US Mission Millennium Challenge Corporation (MCC). This marks the inaugural construction contract under the MCC project, showcasing a pivotal step towards enhancing Nepal’s energy infrastructure. On Thursday, MCA Nepal sealed a contract… Continue reading MCA-Nepal inks landmark contract agreement for new Butwal Substation construction

Kathmandu: The government has decided to announce the policy and program for the coming fiscal year 2024/25 on 14th May. The cabinet meeting has decided the date for the policy and program. Government Spokesperson and Minister of Communication and Information Technology Rekha Sharma informed that the cabinet meeting held at Singh Darbar today decided to… Continue reading Nepal govt to announce policies and programmes on May 14

Kathmandu: The Nepali government has issued a stern caution to its citizens amidst a surge in fraudulent schemes promising lucrative job opportunities abroad. The Ministry of Labor, Employment, and Social Security (MoLESS) has sounded the alarm, urging Nepali youth to remain vigilant against deceptive practices targeting hopeful migrants. In a recent statement, MoLESS highlighted the… Continue reading Govt issues warning against overseas job scams