Category: Finance

Kathmandu: The Government of Nepal and the World Bank today signed a concessional financing agreement for $100 million (equivalent to Rs. 12.7 billion) for Green, Resilient, and Inclusive Development (GRID). The proposed budgetary support aims to support improvements in the enabling environment in Nepal toward a green, climate-resilient, and inclusive development. This is the first… Continue reading World Bank gives $100m for Nepal’s green, resilient, and inclusive development

Kathmandu: Industrialists have started initiatives to start cargo transportation services from the second international airport, Gautam Buddha International Airport. Kuwait’s airline Jazeera Airways is flying 3 days a week at the airport. The company has also announced to regular flight soon. Amid this, businessmen are interested in the cargo flight as the flight will take… Continue reading Private sector initiates to begin cargo service from GBIA

Kathmandu: Jazeera Airways of Kuwait has decided to operate a daily flight from and to Gautam Buddha International Airport (GBIA), Bhairahawa. Currently the airlines has been operating three flights a week. Now it will operate a regular flight in this route from September 1. Jazeera has regular flights from Kuwait to both Kathmandu and Bhairahawa… Continue reading Jazeera airways to operate daily flight from and to Gautam Buddha airport

Kathmandu: The improvement seen in the tourism sector affected by the Corona virus (Covid-19) epidemic has gradually started to be seen in the income as well. Tourism income has improved in the fiscal year 2021/22. According to Nepal Rastra Bank, the tourism income this year is 32.44 billion rupees. The income from tourism sector was… Continue reading Nepal earns 32 and a half bn from tourism in last 12 months

Kathmandu: Nepal Oil Corporation (NOC) has again refused to reduce fuel price eventhought the Indian Oil Corporation has reduced the fuel price. Rather NOC has requested the consumers to understand the loss of NOC.The corporation has also said that earlier it didn’t fuel price understanding the situation of consumers, now its consumer’s role to cope… Continue reading NOC again refuses to reduce fuel price

Kathmandu: China has agreed to import tea produced in Nepal. During the visit of Nepal’s foreign minister to China, China has agreed to open its market to Nepal tea, according to the Ministry of Foreign Affairs. China has said that it will open its market for Nepali tea when businessmen are talking about obstacles in… Continue reading China agrees to import Nepali tea

Kathmandu: Foreign Minister Narayan Khadka, who is on China visit, met Chinese Foreign Minister Wang Yi. According to the Chinese media, there was a discussion about the expansion of mutual relations between the two countries during the meeting held in the city of Changdao in the Shandong province of China. In the discussion, there was… Continue reading Foreign Minister Khadka meets Chinese Foreign Minister Wang Yi

Kathmandu: The government has set a date to bring Pokhara Regional International Airport into operation. Jagannath Niraula, spokesperson of the authority, informed that the meeting of the board of directors of Civil Aviation Authority of Nepal (CAAN) held on Sunday decided to bring the airport into operation from December. The meeting was chaired by Minister… Continue reading Pokhara Regional International Airport to be operational from December

Kathmandu: Finance Minister Janardan Sharma has claimed that the country will be self-relaint on vegetable production. Adressing the Bhimdutta Pant Memorial Day program on Tuesday he mentioned that the budget brought by the government is focused on agricultural production and urged everyone to work in the field of production. Minister Sharma said that the budget… Continue reading Finance Minister Sharma claims Nepal to become self-reliant on vegetables in six months

Kathmandu: Deputy Secretary of the Ministry of Culture, Tourism and Civil Aviation, Pramod Nepal, has been arrested with a bribe of 600,000 rupees and unidentified 1.6 mn rupees. According to the Abuse of Authority Investigation Commission, Nepal was arrested red-handed with a bribe of 600,000 rupees from a hotel in Nagpokhari.According to the authority, he… Continue reading Deputy Secretary of Tourism Ministry arrested with bribe