Category: Finance

Buddha Air to operate flight from Pokhara to Banaras, India

Kathmandu: Buddha Air has announced direct flights to Banaras, India from Pokhara International Airport. The airport is currently under final phase of construction. The company announced on Monday that it will fly directly to Banaras after the Pokhara airport becomes operational. The government has already announced that this airport will be operational from January 1,… Continue reading Buddha Air to operate flight from Pokhara to Banaras, India

Nepal receives 86.5 bn foreign aid commitment in first three months of the fiscal year

Kathmandu: Nepal has received 86.5 bn foreign aid commitments in the last three months. According to the Ministry of Finance, in the first quarter of the current fiscal year, Nepal has received foreign aid commitments worth 86.41 billion rupees. In which there is a subsidy of 6.71 billion rupees while 79.70 billion rupees is debt.… Continue reading Nepal receives 86.5 bn foreign aid commitment in first three months of the fiscal year

Private sector halts protest against increase in bank interest

Kathmandu: The protest of the private sector has been postponed for now. The protest was suspended after Nepal Rastra Bank Governor Mahaprasad Adhikari promised to address the problems of industrialists through the quarterly review of monetary policy. The Federation of Nepalese Chambers of Commerce and Industry and has also decided not to do any activity… Continue reading Private sector halts protest against increase in bank interest

World Bank sayss migration can support long-term development of South Asia

Photo: Reuters

Kathmandu: As South Asia reels from the impacts of unprecedented economic shocks, migration can boost its recovery and support long-term development, says the World Bank in its latest regional economic update. Coping with Shocks: Migration and the Road to Resilience is the subject of a two-day conference that opens today, organized by the Institute for… Continue reading World Bank sayss migration can support long-term development of South Asia

Govt halt renewal of business visas for foreign investors who do not register companies

Kathmandu: Investors bringing foreign investment will not get a business visa if they do not register the company. Department of Industries has stated that the foreign investors who have not registered their company‎ will not get visa. As the foreign investors found getting visa and not bringing investment, the department has taken such decision. The… Continue reading Govt halt renewal of business visas for foreign investors who do not register companies

DG Adhikari assures CAAN itself will take responsibility of ground handling of Pokhara airport

Kathmandu: Director General of Civil Aviation Authority of Nepal (CAAN) Pradeep Adhikari has said that CAAN itslef will take the responsibility of ground handling of Pokhara International Airport. Talking to mediapersons after the inaugural program of Bhairahawa-Kuala Lumpur flight at Gautam Buddha International Airport Bhairahawa, Director General said that the authority will handle the ground… Continue reading DG Adhikari assures CAAN itself will take responsibility of ground handling of Pokhara airport

Nepal ready to sign air service agreement with US and Switzerland

Kathmandu: The cabinet meeting has given approval to air service agreement with America and Switzerland. According to Civil Aviation Authority of Nepal (CAAN) Nepal is now ready for bilateral air service agreement with both countries. After the agreement, the airline companies of both countries will be able to fly directly to each other. An agreement… Continue reading Nepal ready to sign air service agreement with US and Switzerland

CAAN to grant ground handling service of GBIA to Himalayan Airlines

Kathmandu: The Civil Aviation Authority of Nepal (CAAN) has prepared to give the ground handling responsibility of Gautam Buddha International Airport to the private airline company Himalayan Airlines. It was expected by many that the Nepal Airlines Corporation, which has been providing ground handling service at Tribhuvan International Airport, will be responsible for ground handling… Continue reading CAAN to grant ground handling service of GBIA to Himalayan Airlines

Himalaya Airlines to operate daily chartered flight from GBIA

Kathmandu: Himalaya Airlines is going to start two daily passenger chartered flights from Gautam Buddha International Airport. The airline has sought permission from the Civil Aviation Authority of Nepal (CAAN) on Tuesday for Bhairahawa-Kuala Lumpur chartered flights from November 3 to 10. According to the authority, the airlines will fly to Kathmandu-Bhairawa-Kuala Lumpur and Kuala… Continue reading Himalaya Airlines to operate daily chartered flight from GBIA