Category: Finance

Kathmandu: The annual average consumer price inflation of the country stood at 7.74 percent in FY 2022/23 compared to 6.32 percent a year ago. Under the food and beverage category, the annual average consumer price index of restaurant & hotel sub-category increased 14.42 percent, spices 12.50 percent, cereal grains & their products 10.70 percent, tobacco… Continue reading Consumer price inflation reach 7.74 pc in last 12 months

Kathmandu: Last year, 1,208 Nepali workers lost their lives who went abroad for employment. The statistics of the financial assistance given by the Foreign Employment Board to the families of workers who lost their lives abroad show that 1,208 Nepalis who took work permits for employment in the last fiscal year 2079/080 died. Among them… Continue reading More than 1200 Nepali migrant workers dies in last 12 months

Kathmandu: The Government of Nepal and eight development partners finalized the signing of a joint financing arrangement for the implementation of School Education Sector Plan (SESP) that seeks to support Nepal’s long-term goal of ensuring inclusive access to quality education for all children. The arrangement encompasses a combined US$780 million in pooled-budget support development assistance.… Continue reading Nepal govt and education development partners formalize cooperation for School Education Sector Plan

Kathmandu: Vice President Ram Sahaya Prasad Yadav has requested Chinese investors to invest in Nepal. Addressing the opening ceremony of the 7th China South Asian Exhibition and the 27th China Khumaning Import and Export Fair organized by the Ministry of Commerce of China and Yunnan Province, Vice President Yadav requested for investment in Nepal in… Continue reading Vice President requests Chinese investors to invest in Nepal

Kathmandu: Vietnamese Ambassador to Nepal Nguyen Thanh Hai has ensured to initiate direct flight between Nepal and Vietnam. In the program organized by the Nepal Vietnam Chamber of Commerce on Wednesday in honor of Ambassador Thanh Hai, he opined that although there is a high potential for cooperation between the two countries in the fields… Continue reading Vietnamese Ambassador ensures to initiate direct flights in Nepal-Vietnam route

Kathmandu: Thai Airways is preparing to resume flight operations in Nepal-Thailand route. Finally the airline company is all set to resume the flight after three years. Since the covid pandamic hit the world, Thai Airways halted its flight to Nepal. According to the Civil Aviation Authority of Nepal, Thai Airways has approached for flight permission.… Continue reading Thai Airways preparing to resume flights to Nepal

Kathmandu: The Foreign Employment Board is prepearing to give financial assistance worth Rs. 1 million to the families of workers who died while working abroad. Earlier, the board had been giving 7 lakhs to the family of the deceased in the case of death of the laborer who went for foreign employment with government labor… Continue reading Families of deceased migrant worker to get 1 million compensation

Kathmandu: The government has given permission to Nepal Rastra Bank (NRB) to mint 150 million coins of 5 rupees. The Council of Ministers meeting held on Tuesday decided to approve the minting of the said amount of coins. At present, the minting department of Nepal Rastra Bank is minting only 1 rupee and 2 rupee… Continue reading NRB to reintroduce 5 rupees coin with new design

Kathmandu: Deputy Prime Minister and Home Minister Narayan Kaji Shrestha has said that Nepal has been made a transit for gold smuggling. Responding to the gold smuggling case in the House of Representatives on Tuesday, Minister Shrestha said that efforts are being made to make Nepal a transit for gold smuggling with the involvement of… Continue reading Home Minister Narayan Kaji Shrestha says Nepal becoming transit country for gold smuggling

Kathmandu: The online service of Department of Foreign Employment (DoFE) has been disrupted. The department informed that the service has been suspended from 5 pm on Tuesday until further notice as the file server of the department’s ‘FEIMS’ system needs to be migrated. Due to this, service seekers cannot apply for labor permit online. Documents… Continue reading All online services of DoFE down