Category: Finance

Kathmandu: Vietnamese Ambassador to Nepal Nguyen Thanh Hai has ensured to initiate direct flight between Nepal and Vietnam. In the program organized by the Nepal Vietnam Chamber of Commerce on Wednesday in honor of Ambassador Thanh Hai, he opined that although there is a high potential for cooperation between the two countries in the fields… Continue reading Vietnamese Ambassador ensures to initiate direct flights in Nepal-Vietnam route

Kathmandu: Thai Airways is preparing to resume flight operations in Nepal-Thailand route. Finally the airline company is all set to resume the flight after three years. Since the covid pandamic hit the world, Thai Airways halted its flight to Nepal. According to the Civil Aviation Authority of Nepal, Thai Airways has approached for flight permission.… Continue reading Thai Airways preparing to resume flights to Nepal

Kathmandu: The Foreign Employment Board is prepearing to give financial assistance worth Rs. 1 million to the families of workers who died while working abroad. Earlier, the board had been giving 7 lakhs to the family of the deceased in the case of death of the laborer who went for foreign employment with government labor… Continue reading Families of deceased migrant worker to get 1 million compensation

Kathmandu: The government has given permission to Nepal Rastra Bank (NRB) to mint 150 million coins of 5 rupees. The Council of Ministers meeting held on Tuesday decided to approve the minting of the said amount of coins. At present, the minting department of Nepal Rastra Bank is minting only 1 rupee and 2 rupee… Continue reading NRB to reintroduce 5 rupees coin with new design

Kathmandu: Deputy Prime Minister and Home Minister Narayan Kaji Shrestha has said that Nepal has been made a transit for gold smuggling. Responding to the gold smuggling case in the House of Representatives on Tuesday, Minister Shrestha said that efforts are being made to make Nepal a transit for gold smuggling with the involvement of… Continue reading Home Minister Narayan Kaji Shrestha says Nepal becoming transit country for gold smuggling

Kathmandu: The online service of Department of Foreign Employment (DoFE) has been disrupted. The department informed that the service has been suspended from 5 pm on Tuesday until further notice as the file server of the department’s ‘FEIMS’ system needs to be migrated. Due to this, service seekers cannot apply for labor permit online. Documents… Continue reading All online services of DoFE down

Kathmandu: The government of Nepal is going to take a concessional loan worth 100 million dollars (about 13.13 billion rupees) from the Asian Development Bank. Government Spokesperson and Minister of Communication and Information Technology Rekha Sharma informed that this decision was taken by the Council of Ministers meeting held on Tuesday. She said that the… Continue reading Nepal govt agrees to borrow more than 13 bn from ADB

Kathmandu: The government has signed 7-point agreement with the cooperative victims. The cooperative victims who have been protesting for 2 months in Maitighar are going to postponed their protest after agreeing on 7 points in the discussion held at Singh Darbar on Thursday. On Thursday, a discussion was held in the Ministry in the presence… Continue reading Govt signs agreement with cooperative victims

Kathmandu: IFC Vice President for Economics and Private Sector Development Susan M. Lund met Finance Minister Dr. Prakash Sharan Mahat on Wednesday. During the meeting, the two discussed investment opportunities and challenges. Vice President Lund was accompanied by IFC Country Manager for Nepal, Bhutan, and Bangladesh Martin Holtmann, World Bank Country Director Faris Hadad-Zervos and… Continue reading IFC Vice President Susan met Finance Minister Mahat

Kathmandu: Agriculture and Livestock Development Minister Dr. Beduram Bhusal said that the government has 284 metric tons of chemical fertilizers in stock. Minister Bhusal said in the finance committee meeting under the House of Representatives on Monday that the government has 284 metric tons of chemical fertilizers in stock and said that there is no… Continue reading Agriculture Minister claims no fertilizer shortage this year