Category: Finance

Kathmandu: China Southern Airlines has resumed flights to Nepal from Tuesday. The airline has started Guangzhou-Kathmandu-Guangzhou flight. With this, airlines will now fly one flight every Tuesday in a week, according to the Civil Aviation Authority of Nepal. The airline had stopped flying during the Corona epidemic. The airlines started flying again after the Chinese… Continue reading China Southern begins China-Kathmandu flights

Kathmandu: Minister of Labour, Employment and Social Security Sher Bahadur Kunwar has directed the authorities to implement free visa free ticket service effectively. Minister Kunwar has directed the businessmen to manage this after the complaints of Nepali people going for foreign employment of being cheated and not getting work as per the contract. Speaking at… Continue reading Lobour Minister Kunwar directs authorities to implement free visa free ticket service for migrant workers

Kathmandu: India has removed the increased customs duty on exports of steel products. On June 7, India imposed 15 percent export duty on the export of such goods. Due to increasing exports, India had increased taxes to prevent the price of iron and steels from increasing in the domestic market. However, the Indian steel producing… Continue reading India lifts increased tariffs on steel export

Kathmandu: Nepal Airlines Corporation (NAC), which was preparing to operate Delhi-Bhairawa flight from next Monday, has halted its plan. As the regulatory body of India has not yet given any response to the proposal for flight permission, the airlines will not fly from and to Bhairahawa. About a week ago, the Nepal Airlines Corporation had… Continue reading India’s cold response on Bhairahawa-Delhi flight

Kathmandu: Value of the US dollar fell on Wednesday. According to Nepal Rastra Bank, today the buying rate of one dollar has reached at 130.37 rupees and the selling rate has been reached at 130.97 rupees. On Tuesday, the buying rate of the US dollar was 130.65 rupees and the selling rate was 131.25 rupees.… Continue reading Value of Dollar dropped slightly

Kathmandu: The plane of Aero Thai Company has arrived at Pokhara International Airport for the calibration i.e. mechanical test flight to be held on Monday at Pokhara International Airport. Regular flights will be affected during the calibration flight. After the calibration flight, based on the report provided by Aero Thai Company, the airport will be… Continue reading Aero Thai aircraft reach Pokhara for test flight

Kathmandu: Alcohol will not be sold to fans at the World Cup’s eight stadiums in Qatar after Fifa changed its policy two days before the start of the tournament. Alcohol was set to be served “in select areas within stadiums”, despite its sale being strictly controlled in the Muslim country. Those in corporate areas of… Continue reading Alcohol sales banned at World Cup stadiums in Qatar

Kathmandu: In the first three months of the current financial year, students going abroad for foreign studies have taken around 18 billion rupees abroad. In the same period of the previous year, the net service income was in loss by 23.34 billion rupees. Under the service account, the tour income increased by 110.4 percent to… Continue reading Nepali students studying abroad spent 18bn in last three months

Kathmandu: Buddha Air has announced direct flights to Banaras, India from Pokhara International Airport. The airport is currently under final phase of construction. The company announced on Monday that it will fly directly to Banaras after the Pokhara airport becomes operational. The government has already announced that this airport will be operational from January 1,… Continue reading Buddha Air to operate flight from Pokhara to Banaras, India

Kathmandu: Nepal has received 86.5 bn foreign aid commitments in the last three months. According to the Ministry of Finance, in the first quarter of the current fiscal year, Nepal has received foreign aid commitments worth 86.41 billion rupees. In which there is a subsidy of 6.71 billion rupees while 79.70 billion rupees is debt.… Continue reading Nepal receives 86.5 bn foreign aid commitment in first three months of the fiscal year