Category: Finance

Kathmandu: The Ministry of Industry, Commerce and Supply has issued Startup Enterprise Loan Fund Procedure, 2079. According to the procedure, any startup entrepreneur can get a loan of up to 2.5 million rupees without collateral at an interest rate of three percent. The company can get the loan by pledging its own business. The Ministry… Continue reading Nepal govt to provide loan up to 2.5 mn to startups

Kathmandu: The World Bank’s Board of Executive Directors today approved $120 million in financing to support the implementation of the Government of Nepal’s flagship School Education Sector Program. The School Sector Transformation Program operation builds on the Government of Nepal’s previous school education sector programs and puts a greater focus on quality learning by establishing… Continue reading World Bank Approves $120 Million to Support Nepal’s Education Sector

Kathmandu: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has directed the Internal Revenue Office, Revenue Research Department and Commerce Department to work jointly for effective market monitoring. The Prime Minister gave the instructions during a discussion with shoe businessmen at Singh Darbar on Thursday afternoon. The Prime Minister said that the revenue investigation department, security agencies… Continue reading Prime Minister directs to monitor market and prevent revenue evasion

Kathmandu: The Hotel Association of Nepal (HAN) has warned to close the business saying that their demands have not been addressed yet. Even though the borrower is responsible for paying the principal and interest of the loan, in the period of almost 3 years of the covid epidemic, the health protocol, lockdown and other control… Continue reading Hotel association warns to halt business

Kathmandu: The price of gold in the Nepali market has reached its highest point so far. Today, the price of gold increased by 2,900 rupees per tola and made a historical record. The price of printed gold for Sunday has been fixed at 1 lakh 10 thousand rupees per tola. Similarly, the price of silver… Continue reading Gold price set new record

Kathmandu: The government has started issuing permits for mountain climbers in the spring season. According to the Department of Tourism (DoT), 27 people from 5 groups have received expedition permits so far. According to the department, climbing permits have been issued for Annapurna I, Manaslu, Pangri Goldumba, Surma Sarovar and Thorong Peak till Thursday.

Kathmandu: In the first 7 months of the current financial year (FY) 2079/80, electricity leakage towards distribution has been limited to 7.99 percent. The Nepal Electricity Authority (NEA) has said that this year, compared to the accumulated leakage towards distribution during the same period last year, it has been reduced by 1.66 percentage points due… Continue reading Power leakage reduces to 7.99 pc

Kathmandu: Industrialists and businessmen have demonstrated against the high interest rates of banks and financial institutions. Today (Sunday) various businessmen and industrialists gathered at Maitighar Mandala for protest. Industrialists have accused the government and the Nepal Rastra Bank for ignoring the peaceful protest and now they have to protest again. They have also warned that… Continue reading Industrialists protest against high interest rates

Kathmandu: Nepal police has returned 1728 people from the airport who were travelling to Gulf countries for work with visit visa. During the interrogation at the airport, contrary to government rules, they were found to have traveled to Gulf countries like UAE, Oman, Kuwait, Qatar, Kuwait and Bahrain to work despite having a visit visa… Continue reading Nepal Police returned 1,728 people who were traveling Gulf countries to work on visit visa

Kathmandu: Nepal Women’s Chamber has honored various entrepreneurial women on the occasion of 113th International Women’s Day. The Chamber honored women entrepreneurs at the Russian Culture Center in Kamalpokhri, Kathmandu today. Shubhadra Adhikari Dhakal for industry, Parvata Kharel Bimali for export, Nashala Joshi for IT, Sarita Bhattarai Shrestha for agriculture and Swarupa Shrestha for health… Continue reading Nepal Women’s Chamber honors women entrepreneurs