Category: Finance

Kathmandu: Nepal Oil Corporation (NOC) has reduced the prices of diesel, kerosene, air turbine fuel and petrol. The board meeting held today decided to reduce the price of diesel, kerosene and ATF by Rs 10 per liter and the price of petrol by Rs 3 per litre. The price of LP gas for cooking has… Continue reading NOC reduce fuel prices

Kathmandu: Rasuwagadhi-Kerung border come into full operation. The Ministry of Industry, Commerce and Supply has said that the border has been fully operational since Saturday. Secretary Madhukumar Marasini and Vice President Silang Nima of Tibet, China jointly announced the re-operation of the border crossing.

Kathmandu: The Government of Nepal aims to deliver NPR 0.8 trillion (US$6 billion) infrastructure investments through public-private partnerships (PPPs) as part of its Fifteenth Plan (2019/20 – 2023/24).While PPPs are vehicles to mobilize private sector financing, governments often must provide fiscal support to mitigate risks. The need for robust fiscal management to manage the government’s… Continue reading Nepal, World Bank discuss strengthening management of fiscal risks in PPPs for infrastructure projects

Kathmandu: The Ministry of Industry, Commerce and Supply has issued Startup Enterprise Loan Fund Procedure, 2079. According to the procedure, any startup entrepreneur can get a loan of up to 2.5 million rupees without collateral at an interest rate of three percent. The company can get the loan by pledging its own business. The Ministry… Continue reading Nepal govt to provide loan up to 2.5 mn to startups

Kathmandu: The World Bank’s Board of Executive Directors today approved $120 million in financing to support the implementation of the Government of Nepal’s flagship School Education Sector Program. The School Sector Transformation Program operation builds on the Government of Nepal’s previous school education sector programs and puts a greater focus on quality learning by establishing… Continue reading World Bank Approves $120 Million to Support Nepal’s Education Sector

Kathmandu: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has directed the Internal Revenue Office, Revenue Research Department and Commerce Department to work jointly for effective market monitoring. The Prime Minister gave the instructions during a discussion with shoe businessmen at Singh Darbar on Thursday afternoon. The Prime Minister said that the revenue investigation department, security agencies… Continue reading Prime Minister directs to monitor market and prevent revenue evasion

Kathmandu: The Hotel Association of Nepal (HAN) has warned to close the business saying that their demands have not been addressed yet. Even though the borrower is responsible for paying the principal and interest of the loan, in the period of almost 3 years of the covid epidemic, the health protocol, lockdown and other control… Continue reading Hotel association warns to halt business

Kathmandu: The price of gold in the Nepali market has reached its highest point so far. Today, the price of gold increased by 2,900 rupees per tola and made a historical record. The price of printed gold for Sunday has been fixed at 1 lakh 10 thousand rupees per tola. Similarly, the price of silver… Continue reading Gold price set new record

Kathmandu: The government has started issuing permits for mountain climbers in the spring season. According to the Department of Tourism (DoT), 27 people from 5 groups have received expedition permits so far. According to the department, climbing permits have been issued for Annapurna I, Manaslu, Pangri Goldumba, Surma Sarovar and Thorong Peak till Thursday.

Kathmandu: In the first 7 months of the current financial year (FY) 2079/80, electricity leakage towards distribution has been limited to 7.99 percent. The Nepal Electricity Authority (NEA) has said that this year, compared to the accumulated leakage towards distribution during the same period last year, it has been reduced by 1.66 percentage points due… Continue reading Power leakage reduces to 7.99 pc