Category: Finance

Kathmandu: Nepal’s economy is expected to grow at a rate of 5.1 percent in the fiscal year 2022/23 and 4.9 percent in the fiscal year 2023/24, reflecting monetary policy normalization, the end of pandemic-era monetary support measures, and still relatively high commodity prices according to the World Bank in its latest macroeconomic update. As stated… Continue reading Nepal’s economy expected to grow at a rate of 5.1 percent; World Bank

Kathmandu: Nepal and the European country Switzerland are going to be connected by air. An agreement has been reached between the civil aviation authority of Nepal and Switzerland to advance the process of bilateral air agreement and before that the airline company can fly if it wants to. According to the Authority, Swiss International Airlines… Continue reading Nepal signs agreement with Switzerland for direct flight operation

Kathmandu: The European Union Aviation Safety Agency (AESA) is going to start a safety audit of Nepal from next Thursday. According to Civil Aviation Authority of Nepal (CAAN), it is expected that Nepal will pass the audit this time and that Nepal will be removed from the blacklist of the EU while the organization structure… Continue reading EU to begin audit of Nepal’s aviation sector from Thursday

Kathmandu: Minister of Energy, Water Resources and Irrigation Pampha Bhusal has directed that there should be no shortage in the services provided by the Nepal Electricity Authority during the festival. While congratulating the high-level employees of the authority in the ministry, Minister Bhusal instructed them to work for the benefit of the common people and… Continue reading Energy Minister Bhusal directs to ensure enough electricity supply during festivals

Kathmandu: The process for Nepal-US two-way direct flight operation has started. According to the Civil Aviation Authority of Nepal (CAAN), a week ago, the Federal Aviation Administration of the United States sent preliminary correspondence for a two-way flight agreement. The Authority has submitted this draft to the Ministry of Culture, Tourism and Civil Aviation and… Continue reading Process begins for Nepal-US direct flight operation

Kathmandu: Nepali currency has become more weak. For last few days, dollar value is setting a new record every other day. And the Nepalese currency has been weakening continuously. Recently, the US central bank, the Federal Reserve (Fed), increased the interest rate, and the value of the dollar, which is about to increase, has made… Continue reading USD value exceeds 131 rupees

Kathmandu: Nepal Airlines Corporation (NAC) has started online ticket booking service for international flights. Airline spokesperson Archana Khadka informed that ticket booking has started from Monday through online booking engine service for all international flights. According to her, it is now possible to book NAC tickets from any corner of the world through the official… Continue reading NAC begins online ticketing for international flight

Kathmandu: Two agreements have been signed between Nepal and Korea. In a program held at the Ministry of Finance, the representatives of the two countries signed separate agreements for the stable reintegration of those who returned home after working in Korea and strengthening the Cyber ​​Bureau of the Nepal Police. At the rate of 8… Continue reading Republic Korea to provide nearly two billion rupees grant to Nepal

Kathmandu: A new record has been set with the rise in the value of the US dollar. The Nepali rupee has become the weakest in history against the dollar. Nepal Rastra Bank has fixed the selling rate of 129.68 rupees equal to 1 dollar on Friday. This value of the dollar is the highest so… Continue reading Nepali currency weakens as dollar value rose