Category: Finance

Kathmandu: The government has increased the fare of public transports by 15 percent. The Department of Transport Management has stated that the fare of passenger vehicles has been increased up to 10 percent as per the ministerial decision of the Ministry of Physical Infrastructure and Transport. Similarly, the fare of long distance vehicles has increased… Continue reading Public vehicle fares increased by 15 percent

Kathmandu: More than 40,000 tourists have visited Nepal in March. According to the Nepal Tourism Board (NTB) 42,006 tourists have come to Nepal in March. This number is 180 percent more than the same period last year. A total of 14,977 tourists visited Nepal in March last year. The number of tourists visiting Nepal in… Continue reading 42,000 tourists visit Nepal in March

Kathmandu: India has lowered the price of electricity in competitive markets. In India will now sell electricity a maximum rate of Rs 12 per unit. Nepal has also been buying electricity from India. The Electricity Regulatory Commission of India has reduced the competitive rate of electricity from Rs 20 per unit to Rs 12 per… Continue reading India fixes maximum price of electricity at Rs 12 per unit

Kathmandu: A long line of consumers gathered at petrol pumps in fear of a shortage of petroleum products.As the transporters announced to halt fuel supply from today, consumers are sitting in line for fear of a shortage There is a line of consumers at petrol pumps in different parts of the country including Kathmandu Valley… Continue reading Suppliers halt fuel supply in Nepal

(BBC): Russia has told foreign countries they must start paying for its gas in roubles or it will halt supplies. Vladimir Putin has signed a decree stating buyers must “must open rouble accounts in Russian banks” from Friday. “Nobody sells us anything for free, and we are not going to do charity either – that… Continue reading Russia threatens to stop supplying gas if not paid in roubles

Kathmandu: For the second consecutive year, IFC joined the Nepal Stock Exchange (NEPSE) to ‘Ring the Bell for Gender Equality,’ an annual global event that highlights how the private sector can spur women’s participation in the global economy and promote sustainable development. Accelerating the pace of gender parity could lead to important economic, environmental, social,… Continue reading IFC and Nepal Stock Exchange Ring the Bell for Gender Equality

BILLINGS, Mont. (AP): In the oil fields of northern Montana, industry veteran Mac McDermott watched crude prices whipsaw from $75 a barrel in January to more than $120 as Russia pressed its war in Ukraine, then down again when coronavirus worries in China raised the specter of a global slowdown. McDermott said his family-owned company… Continue reading Ukraine war ups pressure for US oil; industry faces hurdles

Kathmandu: The government has asked internet service provides to block Websites related to cryptocurrency, bitcoin, hyper networking, online gambling in Nepal. The Nepal Telecommunications Authority has written a letter instructing internet and mobile service providers to shut down such websites and apps. The Ministry of Finance had written a letter to the Ministry of Communications… Continue reading Nepal govt asks ISPs to ban crypto-related websites

(Rashtriya Samachar Samiti): Kuwait’s Jazeera Airways is set to launch its first commercial flight at Gautam Buddha International Airport, a project of national pride. Jazeera has applied to the Civil Aviation Authority of Nepal (CAAN) for regular flights from May 12 (on the ocassion of Buddha Jayanti). According to CAAN Deputy Director General Dev Chandra… Continue reading Jazeera Airways to operate regular flights at GBIA

Kathmandu: The government has decided to resume the work permit for workers going to Malaysia, which has been the major destination country of Nepali workers. Ministry of Labor, Employment and Social Security Krishna Kumar Shrestha has decided to resume the work in accordance with the prevailing law as the work of issuing labor permit to… Continue reading Work permit for Malaysia resumes after two years