Category: Finance

Kathmandu: The government has approved the Ministry of Labor, Employment and Social Security to sign bilateral labor agreements with European countries Germany and Romania. Government Spokesperson and Minister of Communication and Information Technology Rekha Sharma informed that the Cabinet meeting held on Tuesday decided to approve to enter into a labor agreement with these two… Continue reading Govt ready to sign labor agreement with Germany and Romania

Kathmandu – The Industry, Commerce, Labor and Consumer Welfare Committee under the Federal Parliament has directed the government to manage the smooth supply of consumer goods during festivals such as Dashain, Tihar and Chhath. Narrating the decision of the committee’s meeting held on Wednesday, Chairman Abdul Khan directed the Ministry of Industry, Commerce and Supply… Continue reading Parliament committee directs government to strengthen market monitoring ahead of festive season

Kathmandu: The government has drawn the attention of industrialists not to sell food and non-food items, which are in high demand during the festive season, by creating artificial shortages and raising unnatural prices. The meeting of the Council of Ministers held at Singhdarbar today, Tuesday, has asked the businessmen not to create artificial scarcity in… Continue reading Govt warns not to create artifical shortage during festive season

Kathmandu: Finance Minister Prakasharan Mahat met Chief Executive Officer (CEO) of MCC Alice Albright. During the meeting, Finance Minister Mahat said that the success of the projects under MCC is mandatory and only if they can be implemented according to the stipulated time limit, budget limit and scope. He also expressed the idea that a… Continue reading MCC CEO Albright meet Finance Minister Mahat

Kathmandu: Nepal’s economy is expected to rebound to 3.9% in FY24 owing to a lagged impact of the lifting of import restrictions, strong rebound in tourism, and the gradual loosening of monetary policy, according to the World Bank’s twice-a-year country update. Released today, the Nepal Development Update, Restoring Export Competitiveness, projects Nepal’s economy to grow… Continue reading World Bank projects a rebound in Nepal’s economic growth

Kathmandu: Hotel Association of Nepal (HAN) has demanded to amend the standards and classification of hotels and resorts. Under the leadership of HAN President Vinayak Shah, a delegation of HAN members and working committee members met Rudrasingh Tamang, Director General of Department of Immigration and Chakra Bahadur Budha, Director General of Department of Tourism today.… Continue reading HAN demands to revise govt criteria for hotel and resorts

Kathmandu: A Malaysian company got a permission to conduct a detailed feasibility study for setting up a chemical fertilizer factory in Nepal. An agreement was reached between the Investment Board Nepal (IBN) and Malaysia’s reNIKOLA Holdings Sdn Bhd Company for the detailed feasibility study required for the establishment of a fertilizer factory. On behalf of… Continue reading A Malaysian Company to study feasibility of chemical fertilizer factory in Nepal

Kathmandu: Kathmandu Metropolitan City (KMC) has shown cold shoulder to social activist Iih’s demand who is on a protest for last 8 days in favor of street seller. The National Human Rights Commission has also drawn serious attention of KMC to the health condition of Iih, who has been standing in front of the National… Continue reading KMC shows cold shoulder to social activist Iih’s protest over street seller issue

Kathmandu: Nepal Oil Corporation (NOC) is preparing to issue primary shares (IPO) for the general public. The executive director of the corporation, Umesh Prasad Thani, said that the corporation is preparing to issue an IPO for the public. Speaking at the 28th Annual General Meeting of Nepal LP Gas Industry Association on Tuesday, Executive Director… Continue reading Nepal Oil Corporation preparing to issue IPO for public

Kathmandu: Prices of US Dollar has surged in Nepal. According to Nepal Rastra Bank (NRB), the buying rate of one dollar has been fixed at 132 rupees 74 paisa and the selling rate of 133 rupees 34 paisa. On Monday, the buying rate of one US dollar was fixed at 132 rupees 40 paisa and… Continue reading US dollar surges against Nepali Rupee