Category: Finance

Kathmandu: The Government of Japan has provided loan assistance of Rs. 10.47 billion for Nepal’s economic growth and productivity. The cabinet meeting held had decided to accept the assistance provided by the Japanese government. On Tuesday, Finance Secretary Madhu Kumar Marasini signed a letter of exchange regarding the concessional policy loan assistance from Japan.

Kathmandu: Nepal Rastra Bank (NRB) has warned that strict action will be taken against those found trading in cryptocurrencies, hyper funds and other virtual currencies. Stating that such transactions have been taking place for the sake of high returns lately, NRB has said that such transactions cannot be done anywhere. On Sunday, the Foreign Exchange… Continue reading NRB warns not to trade cryptocurrency

Kathmandu: The Public Service Commission (PSC) has postponed all its written examinations scheduled for this month. Today’s meeting of the commission has decided to postpone the written examination till mid-February, according to a statement issued by Deputy Secretary Eknarayan Sharma. The commission has stated that all the pre-scheduled written examinations to be conducted from January… Continue reading Written examination for Public Service Commission postponed

WASHINGTON (AP): The number of Americans applying for unemployment benefits rose to the highest level in three months as the fast-spreading omicron variant disrupted the job market. Jobless claims rose for the third straight week — by 55,000 to 286,000, highest since mid-October, the Labor Department reported Thursday. The four-week average of claims, which smooths… Continue reading US jobless claims rise to 286,000, highest since October

Kathmandu: Nepal Oil Corporation (NOC) has again increased the price of petroleum products. The selling price of petrol and diesel / kerosene has been increased by Rs 3 per liter.Petrol has now reached Rs 139 per liter and diesel / kerosene Rs 122. The corporation has informed that the price of cooking gas has not… Continue reading Govt increases petroleum prices

Kathmandu: The Nepal Agricultural Market Development Programme Phase II (NAMDP/Sahaj) in collaboration with Idea Studio Nepal announced applications open for ‘Sahaj Challenge Fund’. The announcement was made during a virtual Press Meet on January 18, 2022. The first round of challenge fund will be used to solicit innovative ideas to address some of the most… Continue reading Sahaj Challenge Fund opens applications for agro produce suppliers

Kathmandu: The Department of Passport has stopped the distribution of non-essential passports. The department has stopped distributing passports to the people except for essential services. The department has also suspended booking and token distribution recently. The department has stated that the passport will be issued on the basis of important reasons for going abroad. A… Continue reading Govt halt issuing passport

Kathmandu: The government has decided to close the cinema and gym hall till January 30, saying that the infection of Covid-19 is increasing. Minister for Communications Gyanendra Bahadur Karki informed that the cabinet meeting held on Friday decided to close the entertainment area till January 3 to reduce the congestion in public places. Similarlu, shopping… Continue reading Nepal govt announces to close cinema halls and gym centers

Kathmandu: The Confederation of Nepalese Industries (CNI) has urged the proposed ambassador to the United States to create an environment to play a role to bring investments from USA in Nepal. In a meeting with the confederation’s president Bishnukumar Agrawal and other officials, the proposed ambassador Shridhar Khatri was requested to work with the country’s… Continue reading CNI urges govt to attract investments from USA

Kathmandu: Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report. Global growth is expected to… Continue reading Global Growth to Slow through 2023: World Bank