Category: Finance

Kathmandu: Regaining its momentum in the post-covid pandemic era, the travel and tourism industry is back on track even with the signal of exceeding the pre-pandemic level. The outbound travelers from India are on the surge and it is estimated that the outbound trip count form India will reach 29 million by 2025. The signs… Continue reading TTF Bengaluru 2023 commenced with high optimism

Kathmandu: The international ticket sales office of the national flag carrier Nepal Airlines Corporation is going to be open on seven days. Keeping in mind the convenience of the passengers, the international ticket sales office has started to open from 9:00 am to 7:00 pm from today. Similarly, the corporation will open the ticket sales… Continue reading NAC to open int’l ticket office 7 days a week

Kathmandu: Sita Airlines is all set begin Dang-Kathmandu flight three days a week from tomorrow. Sita Air will fly to Tarigaon Airport in Tulsipur three days a week on Monday, Wednesday and Saturday. New fares have also been set. Now, the fare rate Kathmandu-Dang 8 thousand, Dang-Kathmandu 8 thousand 100 rupees has been fixed..

Kathmandu: The government has decided to set up help desks for workers in all Nepal embassies located in various countries abroad. After the special instructions and initiative of Prime Minister Pushpa Kamal Dahal ‘Prachanda’, the Ministry of Labour, Employment and Social Security has decided to set up help desks in embassies. Following the instructions of… Continue reading Govt decides to setup ‘Labor Help Desk’ in all Nepali Embassies

Kathmandu: The Water Sector Governance and Infrastructure Support Project was jointly launched today by the Minister of Water Supply, Abdul Khan and World Bank Country Director for Maldives, Nepal, and Sri Lanka, Faris Hadad-Zervos. The $100 million project, of which $80 million is financed by the World Bank and $20 million from government counterpart funding,… Continue reading Nepal govt and World Bank launch $100 million water sector governance and infrastructure support project

Kathmandu: Nepal Rastra Bank has arranged that banks and financial institutions cannot publish the borrower’s photo while publishing the loan recovery notice. This arrangement was made by amending the Integrated Directive 2078 BS issued for banks and financial institutions. In case of debt collection for a period of more than one year, before starting public… Continue reading Banks are not allowed to public borrower’s photo on loan recovery notice

Kathmandu: Nepal government has banned the import of fresh roses from abroad. Plant Quarantine and Pesticide Management Center under the Ministry of Agriculture has issued a notice today and told the subordinate border offices not to issue import permits for fresh roses. The Plant Quarantine and Pesticide Management Center said that due to the risk… Continue reading Nepal Govt bans rose import

Kathmandu: Remittance inflows increased 24.3 percent to Rs.585.08 billion in the review period against a decrease of 5.0 percent in the same period of the previous year. According to the Nepal Rastra Bank (NRB) number of Nepali workers (institutional and individual-new) taking approval for foreign employment increased 64.6 percent to 275,643 in the review period.… Continue reading Remittances increased by 24.3 percent in the last six months

Kathmandu: Himalaya Shamsher JBR, the first governor of Nepal Rastra Bank (NRB), has passed away. 95-year-old JBR died in the morning during treatment at Norvic Hospital in Kathmandu. JBR was the first governor and former finance secretary of Nepal. He was also the founder of Himalayan Bank. After passing matriculation in 14 years, he became… Continue reading First Governor of NRB Himalaya Shamsher JBR passes away

Kathmandu: India has cut off aid budget to Nepal. Finance Minister Nirmala Sitharaman has presented the federal Budget for the financial year 2023/24 on Wednesday. In which, through the Ministry of Foreign Affairs of India, the grant aid budget for neighboring countries including Nepal is allocated. According to the data, India is going to give… Continue reading India reduces grant aid to Nepal