Category: Finance

Kathmandu: In the fiscal year 2079/80, the goal is to maintain foreign exchange reserves sufficient to cover the import of goods and services for at least 7 months. According to Nepal Rastra Bank (NRB), the external sector has improved as a result of the policies adopted to preserve foreign exchange reserves through overall demand management… Continue reading Foreign exchange reserves sufficient to import goods for 9 months: NRB

Kathmandu: Nepal Airlines Corporation (NAC) is all set to operate flights twice a week at Resunga Airport in Gulmi. Civil Aviation Authority of Nepal (CAAN) has given permission to NAC for the flights. The fare from Resunga Airport to Kathmandu will be Rs 6,000 per person. The distance from Kathmandu to Resunga Airport is 50… Continue reading NAC to operate flights twice a week in KTM-Resunga route

Kathmandu: The Ministry of Federal Affairs and General Administration has requested the officials and employees of the local government not to travel abroad except in urgent cases. Keeping in mind the economic sensitivity of the country, as the budget preparation process of all three levels of the government is going on, it is not a… Continue reading Government officials prohibited for foreign trip

Kathmandu: Migration can serve as a force for growth and shared prosperity in all countries, according to a new report from the World Bank. Launched in Nepal today, the World Development Report 2023: Migrants, Refugees, and Societies presents a powerful framework to guide policy making based on how well migrants’ skills and related attributes match… Continue reading Better Migration Policies Can Help Boost Prosperity in All Countries: World Bank

Kathmandu: The Civil Aviation Authority of Nepal (CAAN) has banned all helicopter flights of Simrik Air. This ban was imposed after Simrik’s helicopter crashed in the Bhotkhola rural municipality of the Sankhuwasabha district on Friday. After the helicopter crashed during the transportation of goods, the flight of Simrik’s helicopter has been suspended until the further… Continue reading CAAN suspends all helicopter flights of Simrik Air

Kathmandu: Exports to China have been opened after eight years from the Tatopani border in Sindhupalchok, the biggest northern border between Nepal and China. With this the cargo containers have started to move in both countries. In the presence of the security agencies of China and Nepal, import-export has been opened from both countries.

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

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

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

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