Kathmandu: The government has tightened restrictions on electronic goods including mobile phones brought by citizens coming to Nepal from abroad. The airport customs office has now started giving customs exemption to only one mobile phone brought by the person coming from abroad. But now the airport customs will be charging 2.5 percent excise duty and… Continue reading Nepali govt to levy tax on every single phone carried by Nepalis coming from abroad
Category: Finance
Rasuwagadhi border for the first time after covid
Kathmandu: The Rasuwagadhi border has opened for the first time after the Covid-19 epidemic on Tuesday. Rasuwa Customs Office has stated that goods worth 50 million rupees have exported from Nepal on the same day the checkpoint was opened. The border was closed for almost four years. The Chinese government had closed all entry points… Continue reading Rasuwagadhi border for the first time after covid
India agrees to buy electricity from two more hydro-power projects
Kathmandu: India has agreed to buy electricity from two more hydropower projects. According to the Nepal Electricity Authority, the Government of India has agreed to buy electricity from the 24.25 MW Kabeli B A and 19.4 MW Lower Modi project. Earlier, India was buying 410 megawatts of electricity produced by eight hydropower projects. With India… Continue reading India agrees to buy electricity from two more hydro-power projects
PM Prachanda announces to remove manual works in driving license and passport department
Kathmandu: The newly elected Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has promised to remove the long queues while mentioning that common people have suffered while getting passports and licences. Speaking briefly to the media after the first meeting of the cabinet, Prime Minister Prachanda promised to solve the problems of the service users. As the… Continue reading PM Prachanda announces to remove manual works in driving license and passport department
Nepal Embassy vehicle in US vandalized
Kathmandu: The funds collected by the Nepali Embassy in Houston, USA through the operation of the consular service camp have been robbed. When the embassy conducted consular service camps in the cities of Dallas, Austin and Houston from December 15 to 20, the ‘money order’ and ‘cashier’s check’ collected from the service clients were robbed.… Continue reading Nepal Embassy vehicle in US vandalized
Only 58 percent people in Nepal have financial literacy
Kathmandu: Financial literacy at the overall national level has reached 57.9 percent. In the Financial Literacy survey released by Nepal Rastra Bank, the financial literacy score of men is higher than that of women. It is mentioned in the survey report of Rashtra Bank that the financial literacy score of men was found to be… Continue reading Only 58 percent people in Nepal have financial literacy
Number of Nepali migrant workers losing life in foreign increases
Kathmandu: A number of Nepali migrating workers losing their lives in foreign country has increased. In last three years, a total of 3,199 Nepali workers have lost their lives in the destination country during their foreign employment. A statistic has shown that Nepali workers who have reached different countries of the world for foreign employment… Continue reading Number of Nepali migrant workers losing life in foreign increases
Govt reduces fuel price
Kathmandu: Nepal Oil Corporation (NOC) has reduced the price of fuel. According to the corporation, the price of petrol, diesel and kerosene has been reduced by Rs 3/3 per liter with effect from 12 midnight on Friday. With the reduction in price, now per liter price of petrol will be 178 and per liter price… Continue reading Govt reduces fuel price
Remittances increased by 20.4 percent
Kathmandu: Remittance inflows has increased by 20.4 percent to Rs.378.04 billion in the review period against a decrease of 7.0 percent in the same period of the previous year.Amid this, number of Nepali workers (institutional and individual-new) taking approval for foreign employment increased 102.5 percent to 195,196 in the review period.The number of Nepali workers… Continue reading Remittances increased by 20.4 percent
NRB Governor says liquidity crisis is improving
Kathmandu: Mahaprasad Adhikari, Governor of Nepal Rastra Bank (NRB), has said that the liquidity within the banking system is improving. He also informed that the interbank rate has dropped from 8.5 to 7.07 percent. Speaking at a program held in Kathmandu on the occasion of the Annual General Meeting of Nepal Bankers Association, the governor… Continue reading NRB Governor says liquidity crisis is improving