Kathmandu: The World Bank’s Board of Executive Directors today approved $100 million in financing for the Nepal Quality Health Systems Program operation. The Program will improve the quality of healthcare services and increase the coverage of health insurance, and enhance the capacity of the healthcare system to prepare for and respond to health emergencies in… Continue reading World Bank Approves $100 Million to Strengthen Nepal’s Healthcare System
Category: Finance
Nepal achieves narrowing of gender gap in formal financial services
Kathmandu: Nepal has seen significant progress in financial inclusion over the past decade, according to a new study. The Nepal Financial Inclusion Report 2023 – prepared by the International Finance Corporation (IFC) and the UN Capital Development Fund (UNCDF) under the Access to Financial Services Nepal Project jointly implemented by Nepal Rastra Bank (NRB) and… Continue reading Nepal achieves narrowing of gender gap in formal financial services
Govt make arrangments to register vehicles locally manufactured in Nepal
Kathmandu: The Department of Transportation Management has made arrangements to register two-wheelers and four-wheelers manufactured or assembled in Nepal. This provision has been made by the department by revising the Transport Management Procedures, Guidelines 2060. Earlier, Prime Minister Pushpa Kamal Dahal Prachanda had given instructions to solve the problem in the registration and operation of… Continue reading Govt make arrangments to register vehicles locally manufactured in Nepal
Better Migration Policies Can Help Boost Prosperity in All Countries: World Bank
Kathmandu: Populations across the globe are aging at an unprecedented pace, making many countries increasingly reliant on migration to realize their long-term growth potential, according to a new report from the World Bank. The World Development Report 2023: Migrants, Refugees, and Societies, identifies this trend as a unique opportunity to make migration work better for… Continue reading Better Migration Policies Can Help Boost Prosperity in All Countries: World Bank
PM Dahal directs to arrange policy to register vehicles manufactured in Nepal
Kathmandu: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ directed to make necessary legal arrangements for the registration process of vehicles made in Nepal. On Sunday morning, Prime Minister Prachanda instructed the Chief Secretary Shankardas Bairagi to quickly advance the draft law and to bring an incentive policy. The news of vehicles manufactured in Nepal including ‘Yatri’… Continue reading PM Dahal directs to arrange policy to register vehicles manufactured in Nepal
Profits of commercial banks in Nepal increases by 11 pc
Kathmandu: By the third quarter of the current financial year 2022/2023, the profit of commercial banks has reached 48.37 billion rupees. According to the unrefined financial statement of the third quarter published by the commercial banks, the profit of the commercial banks has increased by 10.92 percent in the same period of the current financial… Continue reading Profits of commercial banks in Nepal increases by 11 pc
Nepal and India to sign a special agreement on electricity trade
Kathmandu: Preparations have been made for a special agreement between Nepal and India on electricity trade. During the visit of Prime Minister Pushpa Kamal Dahal ‘Prachanda’ to India, which is scheduled to take place in the mid-May, preparations have been started to make a special agreement at the government level meeting of the two countries… Continue reading Nepal and India to sign a special agreement on electricity trade
More than 600,000 Nepali went abroad for work in last 9 months
Kathmandu: In the current financial year, the number of people going abroad for foreign employment has exceeded 6 lakh. With 3 months left to the end of the financial year, the number of new labor permits and renewal of old permits for foreign employment has reached 650,798, according to the Department of Foreign Employment.
NAC buying 3 aircrafts for domestic flights
Kathmandu: Nepal Airlines Corporation (NAC) has advanced the process of purchasing three new planes to fly to airports in remote, hilly and mountainous areas with short runways. The Board of Directors meeting has formed a sub-committee under the coordination of Captain Sudhir Shamsher Rai, Senior Board Member, to carry forward the ship purchase process. The… Continue reading NAC buying 3 aircrafts for domestic flights
Investment Board decides to proceed with major projects
Kathmandu: Domestic, foreign and large-scale projects will be promoted through the Investment Board Nepal (IBN). The 53rd meeting of the Board chaired by Prime Minister Pushpa Kamal Dahal has decided to go ahead with such big projects. Finance Minister Dr. Prakasharan Maha has said that it has been decided to advance the hydropower projects in… Continue reading Investment Board decides to proceed with major projects