Category: Finance

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

Kathmandu: In a bid to safeguard over Rs 60 billion in private sector investments poured into hotels and tourism ventures around Gautam Buddha International Airport (GBIA) in Bhairahawa, Lumbini tourism entrepreneurs have called upon the government-owned Nepal Airlines Corporation (NAC) to initiate regular domestic and international flights. The Nepal Association of Tour and Travel Agents… Continue reading Tourism entrepreneurs from Lumbini urges govt to operate regular NAC flights at GBIA

Kathmadu: Governor Maha Prasad Adhikari of the Nepal Rastra Bank (NRB) has encouraged individuals to report instances of excessive interest charges by banks to the general public. Speaking at the 27th anniversary of the Society of Economic Journalists Nepal (SEJON), Governor Adhikari assured that the NRB would investigate and refund any excess amount if industrialists… Continue reading Governor urges public to report high bank interest charges