Category: Finance

Kathmandu: A mountainous village in Solukhumbu is poised to generate electricity from a perennial river following government approval of an Environmental Impact Assessment (EIA) for the Amadablam Mini Hydro Project.Sonam Gyalzen Sherpa, a National Assembly Member and Chairman of the Federalism and National Concerns Committee, announced that the Ministry of Forests and Environment has approved… Continue reading Solukhumbu village set to harness hydropower from river near Mt Everest

Kathmandu: Domestic airlines in Nepal have agreed not to charge the maximum airfare set by the government until the road network is fully operational. This decision comes under the special initiative of Minister for Culture, Tourism, and Civil Aviation, Badri Pandey. Minister Pandey’s directive led the Civil Aviation Authority of Nepal (CAAN) to enforce a… Continue reading Domestic Airlines agree to maintain reduced airfares amid infrastructure challenges

Kathmandu: NICCI held a productive bilateral meeting in Kathmandu with Mr. Ricardo Dalla Costa, the General Consul of Italy in Kolkata. The meeting was attended by Mr. Sanjay Agrawal, President of NICCI, and Mrs. Pratima Pandey, Honorary Consul General of Italy for Nepal. The discussions focused on boosting trade between Nepal and India, with an… Continue reading Nepal Italy Chamber of Commerce and Industry and Italian Consul discussed Nepal-India trade promotion

Kathmandu: The price of gold in the domestic market has surged to a record high of Rs 160,700 per tola on Thursday, according to the Federation of Nepal Gold and Silver Dealers’ Associations. This marks an increase of Rs 300 from the previous day, when gold was priced at Rs 160,400 per tola. This latest… Continue reading Gold prices reach new record high in Nepal

Kathmandu: In a Facebook Live broadcast from the Rastriya Swatantra Party office on Tuesday evening, Rabi Lamichhane, the chair of the fourth-largest party in parliament, addressed the recent cooperative funds misappropriation scandal. Lamichhane declared his readiness to implement recommendations made by the parliamentary special investigation committee, which, he asserted, found no evidence linking him to… Continue reading Rabi Lamichhane responds to cooperative funds scandal, ready to accept committee recommendations

Kathmandu: The International Monetary Fund (IMF) has called on Nepalese authorities to enhance monitoring of banks as the country works to recover from its economic slowdown. This recommendation follows a visit by an IMF team led by Sarwat Jahan on September 11-12, aimed at assessing recent macroeconomic developments and the implementation of programs supported by… Continue reading IMF urges Nepal to strengthen bank oversight amid economic recovery

Kathmandu: The inaugural Himalaya Shumsher Memorial Lecture, organized by the Nepal Rastra Bank (NRB), explored the evolving role of central banks in the modern economic landscape. The event honored Himalaya Shumsher Rana, the NRB’s first governor, who played a crucial role in shaping Nepal’s financial systems from 1956 to 1961. A senior official from the… Continue reading Central Banking in the 21st Century discussed at Inaugural Himalaya Shumsher Memorial Lecture

Kathmandu: The United States, through the U.S. Agency for International Development (USAID), has announced a $21 million Agricultural Direct Financing project aimed at enhancing food security in Nepal. This initiative is part of the U.S. Government’s new Global Food Security Strategy (GFSS) Nepal Country Plan for 2024-2028 and will focus on strengthening agricultural development in… Continue reading USAID launches $21 mn agricultural financing project to boost food security in Nepal

Kathmandu: Hulas Finserv Hire Purchase Limited is the one of the top hire purchase companies that has been licensed by Nepal Rastra Bank. Dedicated to bridging the gap between dreams and reality through accessible and flexible hire purchase solutions, Hulas Finserv is pleased to announce its partnership with NMB Capital Limited, a leading merchant bank… Continue reading Hulas Finserv hire purchase limited signs IPO agreement with NMB Capital

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has officially launched its Business Intelligence System (BIS) on Tuesday. This system will be used for managing FNCCI’s member database, conducting research and streamlining office operations. All members’ information will be stored in this system, making it accessible to the members themselves. Approximately 600,000 businesses… Continue reading FNCCI launches Business Intelligence System