Category: Finance

Kathmandu: Aadhyanta Accelerator, a five-month business acceleration programme for high-growth agriculture companies in Province 1, has officially kicked off on January 18, 2023. The programme was announced among local stakeholders, authorities, programme partners, and the press at Big Hotel in Biratnagar. The programme is being run under the partnership between Aadhyanta Fund Management, a Nepali-owned… Continue reading Business acceleration programme for high-growth of agriculture companies in Province 1 kicks-off

Kathmandu: India’s top 1% owned more than 40.5% of its total wealth in 2021, according to a new report by Oxfam. In 2022, the number of billionaires in the country increased to 166 from from 102 in 2020, the report said. Meanwhile, it added that the poor in India “are unable to afford even basic… Continue reading Richest 1% own 40.5% of India’s wealth, says new Oxfam report

Kathmandu: Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report. Given fragile economic conditions, any new adverse development—such as higher-than-expected inflation, abrupt rises in interest rates to contain it, a… Continue reading Sharp, long-lasting slowdown to hit developing countries hard

Kathmandu: Auto Expo – The Motor Show 2023, made a resilient start today at the India Expo Mart in Greater Noida, manifesting a future ready perspective. The theme of this edition of the show is – ‘Explore the World of Mobility’, which resonates with the industry’s vision and message of technology & capability–for a safer,… Continue reading Auto Expo – The Motor Show 2023 begins in India

Kathmandu: The government has announced the minimum common program. Deputy Prime Minister and Finance Minister Bishnu Paudel has announced the minimum common program covering the common issues raised by the participating parties in the government. The Minimum Common Program mentions encouraging domestic production and domestic consumption, developing national capital and making the country economically independent.… Continue reading Govt decides to conduct ‘Make in Nepal’ campaign

Kathmandu: The government has reduced the price of petroleum products. The meeting of the board of directors of Nepal Oil Corporation (NOC) has decided to reduce the price of petroleum products with effect from 12:00 am today. The corporation has reduced the price of petrol, diesel and kerosene by three rupees per liter. Similarly, domestic… Continue reading Finally NOC reduces fuel price

Kathmandu: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has directed to reduce the price of petroleum products. Prime Minister Prachanda has directed the Secretary of the Ministry of Industry, Commerce and Supply to adjust the price accordingly due to the decrease in the price of petroleum products in the international market. Prime Minister Prachanda has directed… Continue reading PM Prachanda directs to reduce fuel price

Kathmandu: Pokhara International Airport (PIA) is officially operational from today. Prime Minister Pushpa Kamal Dahal Prachanda is going to Pokhara for the official opening of the airport. According to the Civil Aviation Authority Pokhara, the Prime Minister is scheduled to reach Pokhara for the inauguration of the airport. Passenger from first flight will receive a… Continue reading Nepal’s 3rd international airport to become operational from today in Pokhara

Kathmandu: Nepal government has prepared to operate direct air flight services to the US, Switzerland and Rwanda. Suresh Adhikari, secretary of the Ministry of Culture, Tourism and Civil Aviation, informed about this. Speaking at a program held in Kathmandu on Saturday on the occasion of the 24th anniversary of the Civil Aviation Authority of Nepal… Continue reading Govt prepares to begin direct flights to USA, Switzerland and Rwanda

Kathmandu: Finance Minister Bishnu Paudel and Home Minister Rabi Lamichhane have directed the subordinate agencies to work effectively in controlling revenue leakage. A meeting of the Central Revenue Leakage Control Committee was held on Wednesday. Both ministers were present in the meeting. The Governor of Nepal Rastra Bank, Finance Secretary, Revenue Secretary, Head of Security… Continue reading Finance and Home Ministers directs to control revenue leakage