Category: Finance

Kathmandu: The District Court of Kaski has approved an additional ten-day extension for the police custody of Rabi Lamichhane, President of the Rastriya Swatantra Party, as investigations continue into his alleged involvement in the misappropriation of cooperative funds. Lamichhane was first arrested on October 18 on charges linked to financial irregularities. This marks the third… Continue reading Kaski District Court grants extension of police custody for Rabi Lamichhane

Kathmandu: In response to a rising trend of individuals traveling abroad on visitor and tourist visas for foreign employment, the Nepalese government has launched a new study aimed at addressing this issue. The initiative is led by the Ministry of Labor, Employment, and Social Security, under the guidance of a committee headed by the Deputy… Continue reading Nepal govt initiates study to curb overseas employment via visitor visas

Kathmandu: Thai Air Asia has resumed operations at Tribhuvan International Airport (TIA) in Kathmandu, following the launch of commercial flights from Gautam Buddha International Airport (GBIA) in Bhairahawa starting Sunday. This marks Thai Air Asia as the fourth airline to provide commercial services at GBIA, Nepal’s second international airport. The Civil Aviation Authority of Nepal… Continue reading Thai Air Asia resumes flights from and to Nepal

Kathmandu: The price of gold soared to an unprecedented level in the domestic market on Wednesday, according to the Federation of Nepal Gold and Silver Dealers’ Associations. Gold prices surged by Rs 2,200 per tola, now trading at Rs 170,700 per tola, up from Rs 168,500 per tola on Tuesday. In addition to gold, the… Continue reading Gold prices continue to rise in Nepali market

Kathmandu: The Kathmandu Metropolitan City (KMC) has announced a ban on the sale and distribution of plastic flowers during the upcoming Tihar festival. Mayor Balendra Shah made the announcement, emphasizing the need to promote locally-produced flowers. To support local flower sellers, the KMC has designated 46 specific locations within the metropolitan area for sales during… Continue reading KMC bans sale of plastic flowers for Tihar Festival

Kathmandu: Gold prices in the domestic market soared to a new record today, with fine gold trading at Rs 168,500 per tola. This marks an increase of Rs 1,500 from Monday’s rate of Rs 167,000 per tola, as reported by the Federation of Nepal Gold and Silver Dealers’ Association. Following a previous high of Rs… Continue reading Gold prices reach new high in Nepal

Kathmandu: Nepal Rastra Bank (NRB) has contracted a Chinese company to produce new 100-rupee notes that will showcase the country’s revised political map, marking the first instance of currency reflecting recent constitutional amendments. The Council of Ministers approved the design change, which includes the newly recognized borders of Limpiyadhura, Lipulek, and Kalapani, as part of… Continue reading NRB to issue new 100-Rupee notes featuring updated political map

Kathmandu: The price of gold in the domestic market soared to a new record on Sunday, reaching Rs 167,400 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association, the fine gold price increased by Rs 1,400 per tola, up from Rs 166,000 on Friday. This recent spike reflects a notable trend… Continue reading Gold prices surge to new record in Nepal

Kathmandu: Tribhuvan International Airport (TIA) is set to close for 10 hours daily starting November 9, 2024, to facilitate runway extension work, coinciding with the peak tourist season. The closure will last for five months, significantly impacting the arrival of international tourists. The airport will operate from 8 AM to 10 PM during this period,… Continue reading TIA to close for 10 hours daily for runway expansion

Kathmandu: Nepal Rastra Bank (NRB) will hold an exclusive sale of gold coins on Tuesday, October 29, in celebration of Dhanteras. Each gold coin weighs 2.5 grams and will be available for public purchase. Sales will commence at 11 AM and continue until 4 PM, subject to the availability of stock. In addition, silver coins… Continue reading NRB to sell gold coins for dhanteras on October 29