Category: Finance

Kathmandu: Russian missiles hit Ukraine’s Black Sea port of Odesa just hours after Moscow and Kyiv signed deals to allow grain exports to resume from there. As reported by the News Agency, AP, Ukraine’s Foreign Ministry denounced Saturday’s airstrikes as a “spit in the face” to Turkey and the United Nations, which brokered the agreements.… Continue reading Russia hits Ukraine’s Black Sea port despite grain deal

Kathmandu: Speaker Agni Prasad Sapkota has directed the government to inform about the American partnership program SPP. In the meeting of the House of Representatives on Thursday, Speaker Sapkota directed the government to inform the parliament about what is going on with the SPP, saying that he has drawn attention to the matter raised by… Continue reading Speaker Sapkota directed the govt to table SPP agreement in the parliament

Kathmandu: The Ministry of Agriculture and Livestock Development has said that 60 percent of paddy pantation has been completed across the country. The plantation however, have decreased by eight percent this year, compare to the same period last year. Planting data has been prepared in coordination with the provinces. Plantation has been affected in Province… Continue reading 60 pc plantation completes across the country

Kathmandu: The Ministry of Industry, Commerce and Supply has continued the ban on 10 items that were banned from import with more strictness. On Sunday, the Ministry of Industry, Commerce and Supply published a notice in the Nepal Gazette informing that the ban has been continued until August 30. According to the Nepal Gazette, the… Continue reading Govt continues ban on import of luxury goods untill August 30

Kathmandu: Himalaya Airlines has started Kathmandu-Kuwait flights as its eighth destination from Friday. Airlines will operate Kathmandu-Kuwait flights every Friday and Kuwait-Kathmandu flights every Saturday. Kuwait is an important destination especially for Nepalis who go for employment and business purposes. An air service agreement was signed between Nepal and Kuwait in 2006. Himalaya Airlines has… Continue reading Himalaya Airlines begin Kathmandu-Kuwait flight

Kathmandu: Prime Minister Sher Bahadur Deuba has said that Governor of Nepal Rastra Bank (NRB) Maha Prasad Adhikari should resign. After the CPN-UML named M Adhikari, Khotang as a member of the Finance and Planning Department of the party, the Governor Adhikari has come into the controversy. In the meeting of the top leaders of… Continue reading PM Deuba suggests governor to resign

Kathmandu: The market inflation in Nepal has stood at 8.56 percent in the eleventh month of FY 2021/22 compared to 4.19 percent a year ago.According to the Nepal Rastra Bank (NRB), food and beverage inflation stood at 7.43 percent whereas non-food and service inflation stood at 9.44 percent in the review month.The average monthly y-o-y… Continue reading Market inflation increase by 8.56 pc in Nepal

Kathmandu: Nepali cement has started being exported to India. The Palpa Cement Industry of West Nawalparasi has started exporting cement to India. Three trucks of cement were sent to India through Sunauli on Friday. The industry has exported Tansen brand PPC cement. The government has committed 8 percent cash subsidy in cement export starting from… Continue reading Nepal begins exporting cement to India

Kathmandu: Communications and Information Technology Minister Gyanendra Bahadur Karki has said that there is no truth in the statement that the country’s economy is heading towards the crisis-ridden Sri Lanka. Minister Karki, who is also the spokesperson of the Government of Nepal, said that an attempt was being made to mislead the people that the… Continue reading Communication Minister Karki claims Nepal is not facing economic crisis as Sri Lanka

Kathmandu: Finance Minister Janardan Sharma has resigned from his post. He resigned on a meeting of the House of Representatives on Wednesday. Sharma resigned after being accused of making a serious mistake by introducing an unauthorized person while manipulating tax rates during budget formulation. After the parliament formed an 11-member inquiry committee to probe him… Continue reading Finance Minister resigns after cctv footage controversy