Category: Finance

Kathmandu: Chief Justice Prakashman Singh Raut has administered the oath of office and secrecy to newly appointed Governor of the Nepal Rastra Bank (NRB), Dr Biswo Nath Poudel. The CJ Raut administered the oath to economist Dr Poudel amid a ceremony held at the Supreme Court today. The meeting of Council of Ministers convened on… Continue reading Chief Justice Raut administers oath of office to new NRB Governor

Kathmandu: Dr. Bishwanath Poudel has been named the 18th Governor of Nepal Rastra Bank, ending months of uncertainty over the central bank’s leadership. At a Tuesday evening Cabinet meeting, ministers approved Dr. Poudel’s appointment, a move that also helped defuse a brewing political crisis surrounding the governor’s post. Earlier that day, a high‑level recommendation committee… Continue reading Bishwanath Poudel appointed 18th Governor of Nepal Rastra Bank

Kathmandu: Foreign Secretary Amrit Bahadur Rai has said that founded on Panchasheel, the five principles of peaceful coexistence, Nepal-China relations have been cordial and friendly, covering multiple areas of mutual concerns and mutual interest. During his address to a joint seminar organised by Policy Research Institute of Nepal and National Institute of International Strategy (NISS)… Continue reading Nepal-China ties marked by progress, dynamism: Foreign Secretary Rai

Kathmandu: Vice-Chairperson of the National Assembly, Bimala Ghimire, has expressed the view that ending the poverty sustainably in developing and the least developed countries has become a challenge. Addressing the Sanghai Cooperation Organisation (SCO) Forum on Poverty Reduction and Sustainable Development today at Xian city of China, Ghimire said it has become challenging to end… Continue reading ‘Ending poverty in developing countries becoming challenging’

Kathmandu: Member of the House of Representatives, Mohan Bahadur Basnet, has been suspended from the post following the corruption case filed against him at Special Court as per Corruption Control Act. Speaker Devraj Ghimire read out a letter about lawmaker Basnet’s suspension at the House of Representatives meeting on Thursday. The Commission for Investigation of… Continue reading Lawmaker Basnet suspended

Kathmandu: The Nepal Airlines Corporation (NAC) has brought its both twin otter aircraft into operation for domestic flights. The two twin otter planes of NAC were grounded for long, creating difficulties to the passengers from the remote areas. NAC Spokesperson Subas Dangi said that the twin otter planes of NAC with its call sign 9… Continue reading Both twin otter aircraft of NA resume regular flights

Kathmandu: Binod Chaudhary, the Chairman of Chaudhary Group and a Member of Parliament, met with Bill Gates, the co-founder of Microsoft and renowned philanthropist, during the Philanthropy Asia Alliance-2025 (PA-2025) conference held in Singapore on Tuesday. The meeting saw a serious discussion on the major challenges facing Nepal’s healthcare and employment sectors. During the conversation,… Continue reading Bill Gates and Binod Chaudhary meet to discuss Nepal’s healthcare and employment challenges

Kathmandu: The government has enforced a revised Foreign Aid Mobilization Policy 2025, aiming to improve the effectiveness of foreign aid utilization through public-private partnership (PPP) mechanisms, amid growing concerns over the underperformance of donor-funded projects. The Ministry of Finance (MoF) announced that the new policy came into effect on Friday. It replaces the previous 2020… Continue reading Nepal govt enforces new foreign aid mobilization policy amid concerns over low returns

Kathmandu: President Ramchandra Paudel has said that the government was moving ahead with a common resolve keeping in mind the common minimum commitment and priorities of the coalition government at the time of its formation. Presenting the government’s policies and programmes for the upcoming fiscal year 2082/83 BS in the joint sitting of both houses… Continue reading Government’s Policies and Programmes aimed at rapid economic development

Kathmandu: Investment Board Nepal (IBN) has endorsed a sweeping five-year Strategy and Business Plan (2081–86 BS), setting an ambitious target to mobilize up to USD 24.3 billion under the public-private partnership (PPP) model for infrastructure development — despite a lackluster performance record over the past 15 years. The strategy, approved during the Board’s meeting on… Continue reading IBN unveils $24.3B infrastructure plan amid glaring implementation gaps