Category: Finance

Kathmandu: In response to escalating unemployment, the government is investing Rs 6 billion to create jobs for 60,000 individuals. Shifting focus from past controversies, the initiative emphasizes local-level development for infrastructure-related employment. Under the program, each worker will receive Rs 668 per day for up to 100 days. The effort aims to address past criticisms,… Continue reading Nepal Govt allocates Rs 6 bn for employment amid rising unemployment

Kathmandu: In a bold move against the Lalitpur Metropolitan City’s decision to clear sidewalk shops, renowned social campaigner Iih has initiated a 108-minute protest in front of the Lalitpur Metropolitan City (LMC) office. The demonstration comes in response to LMC’s recent resolution to remove sidewalk traders without providing an alternative arrangement. Commencing at approximately 3… Continue reading Social campaigner Iih leads 108-Minute protest against Lalitpur Metropolitan City’s sidewalk shop removal

Kathmandu: Fueled by a commitment to advocate for the rights of street vendors, activist Iih has declared a 108-hour protest in front of Lalitpur Metropolitan City. This move is in response to the city’s recent decision to prohibit street vendors along the Mangalbajar-Lagankhel road. Having previously staged a 199-hour protest outside the Kathmandu Metropolitan City… Continue reading Activist Iih announces 108-Hour protest against street vendor ban in Lalitpur

Kathmandu: In an effort to demand the regular operation of international flights and full capacity utilization at Gautam Buddha International Airport, a protest has been initiated from Sunday. The demonstration is taking place at Siddharth Sanyal, the headquarters of 32 private sector organizations in Rupandehi. The protest was announced by Sanyal, outlining a phased protest… Continue reading Protest unfolds at Gautam Buddha International Airport for resumption of international flights

Kathmandu: In response to escalating onion prices in the domestic market, India has officially prohibited the export of onions, as per a notice issued by the Indian government on Wednesday. The export embargo will remain in effect until March 31, 2024, according to the notice issued under the Foreign Trade Act and Policy. The notice… Continue reading India bans onion exports until March 2024 amid domestic price surge

Kathmandu: The Bangladesh government has officially approved the purchase of 40 megawatts (MW) of electricity from Nepal. The decision, granted preliminary approval by the Council of Ministers of Bangladesh, marks a significant stride in cross-border energy collaboration. The pricing details for the electricity sale from Nepal to Bangladesh have not been disclosed at this time.… Continue reading Bangladesh to purchase 40 megawatts of electricity from Nepal

Kathmandu: In a significant stride towards sustainable agricultural development, the Ministry of Agriculture and Livestock Development of Nepal and the International Maize and Wheat Improvement Center (CIMMYT) sealed a historic Memorandum of Understanding (MoU) during a special event on Wednesday. The MoU, inked by Secretary Dr. Govinda Prasad Sharma and Director General Bram Govaerts of… Continue reading Government and CIMMYT forge 10-year partnership to transform Nepal’s agricultural landscape

Kathmandu: The World Bank and the Asian Development Bank (ADB) announced collaboration to strengthen Nepal’s hydropower sector specifically in the context of the proposed Upper Arun and Dudh Koshi hydropower projects.A memorandum of understanding (MOU) stipulating cooperation between the two institutions for an initial period of five years was signed today on the sidelines of… Continue reading World Bank and Asian Development Bank join forces for sustainable development of Nepal’s hydropower sector

Kathmandu: In a significant development, the price of gold in the domestic market soared to a new record on Sunday, witnessing a remarkable surge of Rs 1,800 per tola. As of Sunday, fine gold is commanding a price of Rs 120,800 per tola, a noteworthy increase from Friday’s rate of Rs 119,000 per tola. The… Continue reading Gold prices skyrocket to historic high of Rs 120,800 per tola in Nepali market

Kathmandu: In line with a decision made on November 8, the Ministry of Finance has instructed the Nepal Electricity Authority (NEA) to take prompt action in settling outstanding dues related to electricity tariffs for street lamps owed by various local governments. The directive emphasizes the Finance Ministry’s commitment to addressing the issue of unpaid electricity… Continue reading Finance Ministry directs NEA to expedite clearance of street lamp electricity dues from local govt