Category: Finance

Kathmandu: Investment Board Nepal, today, signed a Memorandum of Understanding (MoU) with German- based DIAG Industries GmbH for Preparation of Detailed Feasibility Study Report for the establishment of Chemical Fertiliser Plant (Urea) in Nepal. Chief Executive Officer of Investment Board Nepal, Sushil Bhatta, and Managing Director of DIAG Industries GmbH, Benjamin Becker, signed the MoU… Continue reading IBN signs MoU with German company to establish chemical fertiliser plant in Nepal

Kathmandu: Remittance inflows increased 22.7 percent to R 1112.52 billion in the last 11 months compared to an increase of 4.1 percent in the same period of the previous year. Number of Nepali workers (institutional and individual-new) taking approval for foreign employment increased 46.6 percent to 459,415 in the review period. The number of Nepali… Continue reading Remittances increased 22.7 percent in last 11 months

Kathmandu: Nepal Oil Corporation (NOC) has reduced the price of petroleum products. The corporation reduced the prices with effect from Monday midnight. According to the corporation, the price of petrol and diesel/kerosene has been reduced by Rs 7.50, Rs 6 and Rs 5 per liter for the first, second and third category respectively. According to… Continue reading NOC drops fuel price

Kathmandu: All flights of Shree Airlines got canceled today. Shree Airlines Pvt Ltd has decided to suspend all scheduled flights for Sunday to test the aircraft. According to the press note issued by Anil Manandhar, corporate manager of the airline on Saturday, all flights on Sunday have been suspended. According to him, it has been… Continue reading All Sri Airlines flights canceled today

Kathmandu: The owner of Pappu Construction, Harinarayan Rauniyar, has been arrested on the basis of complaint filed for fraud. Rauniyar was arrested today Friday by the team of Baneshwor police. Although a complaint has been registered against Rauniyar at the Banke district police office for fraud related offences, as he lives in Kathmandu, a request… Continue reading Police arrested owner of Pappu Construction

Kathmandu: The House of Representatives has passed the budget for upcoming fiscal year 2080/81 with majority. On Wednesday, a vote was taken to pass the Appropriation Bill for the fiscal year 2080/81. 147 votes were cast in favor of the Appropriation Bill after the CPN-UML demanded the division of votes. Which is the majority of… Continue reading Parliament passes budget for upcoming fiscal year with majority

Kathmandu: Min Bahadur Gurung, the owner of Bhatbhateni Supermarket, has been arrested in Lalita Niwas case. The Central Investigation Bureau (CIB) of Nepal Police arrested Gurung from his residence Naxal in the Lalita Niwas case. He was accused in the embezzlement case of 299 ropani 3 annas government land of Lalita Niwas. He was on… Continue reading Owner of Bhatbhateni supermarket Min Bd Gurung arrested in Lalita Niwas case

Kathmandu: The Commission for Investigation of Abuse of Authority has registered a case against former Member Secretary of Pashupati Area Development Fund Pradeep Dhakal on charges of corruption. Authority has informed that a corruption case has been filed against Dhakal in the special court on Monday on charges of corruption by acquiring illegal assets. According… Continue reading Corruption case filed against former member secretary of Pashupati Area Development Fund

Kathmandu: The first international commercial aircraft has landed at Pokhara International Airport today. The narrowbody A319 of Sichuan Airlines from Chhendu, China landed at Pokhara International Airport at 9:06 am today. This aircraft has come with passengers including athletes who will participate in the Nepal China Dragon Boat Race Festival to be held in Pokhara.… Continue reading First International aircraft landed in Pokhara airport

Kathmandu: Nepal Oil Corporation (NOC) has reduced the price of air turbine fuel (ATF). Stating that the new price of aviation fuel has decreased to some extent, the corporation has informed that the price has been adjusted. The Corporation has reduced the selling price of domestic aviation fuel by Rs 10 per liter to Rs… Continue reading NOC drops Air turbine fuel price