Category: Finance

Kathmandu: The Government of Nepal has officially approved 111 countries for institutional foreign employment for Nepali workers, as per data up to Falgun (mid-February) of the fiscal year 2024/25. Despite this formal approval, a significant number of Nepali workers continue to reach unapproved destinations through informal or illegal channels. Authorities have raised concerns that unauthorized… Continue reading 111 countries open for Nepali migrant workers, but unsafe routes persist

Sevilla (Spain): The 4th International Conference on Financing for Development opened today at the Fabius Exhibition Centre in Sevilla, Spain. The summit is being attended by heads of state and head of the government, including Prime Minister KP Sharma Oli. The opening session was addressed by King Philip II of Spain, President of the Government… Continue reading 4th International Conference on Financing for Development begins in Spain

Kathmandu: A new mobile application aimed at supporting Nepali migrant workers has been launched with financial and technical support from the Government of the Republic of Korea. The app, named Hami (Happy Migration), was officially inaugurated in Lalitpur on Wednesday in the presence of high-level officials and stakeholders. The application is designed to provide simplified… Continue reading Mobile app ‘Hami’ launched to support Nepali migrant workers

Kathmandu: The Special Court has granted bail of Rs 3.5 million to former Prime Minister and CPN (Unified Socialist) Chairman Madhav Kumar Nepal in connection with the high-profile Patanjali land scam case. Nepal appeared before the court on Wednesday as arguments were heard regarding his alleged involvement in the illegal registration of public land. The… Continue reading Special Court grants Rs 3.5 million bail to former PM Madhav Kumar Nepal in Patanjali land scam

Kathmandu: Increased monsoon rainfall has dramatically boosted river flows, allowing Nepal to export as much as 700 megawatts of electricity daily to India, the Nepal Electricity Authority (NEA) said. With internal power generation soaring to around 2,700 megawatts, Nepal is producing significantly more electricity than it currently consumes. Peak domestic demand hovers around 2,000 megawatts,… Continue reading Nepal exports record 700 MW of electricity to India amid monsoon surge

Kathmandu: In a bid to deepen cross-border tourism cooperation, the Embassy of Nepal in Bangladesh and the Nepal Tourism Board (NTB) jointly organized the ‘Nepal-Bangladesh Tourism Meet’ in Dhaka on Friday evening under the theme Neighbourly Nepal: Land of Lifetime Experiences. Addressing the gathering, Nepal’s Ambassador to Bangladesh Ghanshyam Bhandari highlighted Nepal’s growing popularity among… Continue reading Nepal-Bangladesh tourism meet held in Dhaka to boost bilateral travel ties

Kathmandu: Member of the National Planning Commission, Dr Prakash Shrestha has underlined the need of policy-level reforms for agro modernization and commercialization.At an interaction organized here today by the Nepal Forum of Economic Journalists, he emphasized on the policy improvements to boost agriculture yields and take the country to economic development.The government should mechanize subsidy… Continue reading Policy-level reforms stressed for agro modernization

Kathmandu: The Ministry of Labour, Employment and Social Security has decided to write to the Ministry of Foreign Affairs requesting it to direct Nepal’s diplomatic missions to take necessary measures for ensuring the safety of Nepali workers in Israel and Iran. This move comes in response to the ongoing conflict between the two countries and… Continue reading Labour and Employment Ministry concerned over safety of Nepalis in Iran, Israel

Kathmandu: The Government of Nepal has filed a lawsuit demanding over Rs 1.36 billion from Nepal Can Move Pvt Ltd and its operators, accusing them of large-scale tax evasion through concealed sales and undeclared income. The Department of Revenue Investigation (DoRI) registered the case at the High Court on Sunday, charging Nepal Can Move Pvt… Continue reading Government files Rs 1.36 billion tax evasion lawsuit against ‘Nepal Can Move’

Kathmandu: The Federation of Nepal Gold Silver Gem and Jewelry Associations has urged the government to review the decision to impose Value Added Tax (VAT) on diamond and gems, and luxury tax on gold. At a news conference today, the Federation feared that such taxes could impact the business too, while some of the businesses… Continue reading Call to review VAT, luxury tax on diamond, gems jewelries and gold