Category: Finance

(BBC): Russia has become China’s biggest supplier of oil as the country sold discounted crude to Beijing amid sanctions over the Ukraine war. Imports of Russian oil rose by 55% from a year earlier to a record level in May, displacing Saudi Arabia as China’s biggest provider. China has ramped up purchases of Russian oil… Continue reading Russia becomes China’s biggest oil supplier

Kathmandu: The government has suspended Yubaraj Adhikari, executive chairman of the Nepal Airlines Corporation (NAC). The cabinet meeting held on Monday has decided to suspend him. Lately, his relationship with Tourism Minister Prem Bahadur Ale was not too good. The audio of Ale insulting the officer with obscene words was also made public. Soon after… Continue reading Executive Chairman of NAC suspended

Kathmandu: The government has drastically increased the prices of petrol, diesel and kerosene. The price of petrol has been increased by Rs 21 per liter and diesel and kerosene by Rs 27 per liter. With revise price, petrol has reach Rs 199 per liter and diesel and kerosene reach Rs 192 per liter. The Nepal… Continue reading Govt hike petrol price by Rs 21 per liter

Kathmandu: Five people have been arrested for selling land worth Rs 70 million in Kirtipur. The Central Investigation Bureau (CIB) of the Nepal Police has arrested five people for making fake death certificate of Shantadevi Lohani, a land owner who has been living in Japan for 24 years, and selling the land in her name.… Continue reading Five arrested for making fake death certificate to sell land

Kathmandu: NMB Bank has launched two new fixed deposit schemes “NMB Double Muddati Yojana” and “NMB Janmabhumi Double Muddati Scheme”. Under “NMB Double Muddati Yojana” an individual can open the Fixed Deposit starting from minimum balance of NPR 50,000 and can be benefited with double amount after 76 months. Similarly, “NMB Janmabhumi Double Muddati Yojana”… Continue reading NMB launches two new fixed deposit schemes

Kathmandu: The World Bank’s Board of Executive Directors today approved $140million for the Digital Nepal Acceleration (DNA) Project to expand access to broadband and engage morepeople in the digital economy. Faris Hadad-Zervos, World Bank Country Director said that the project will support the implementation of the Digital Nepal Framework, the country’s digital economy strategy that… Continue reading World Bank to support Nepal for digital transformation

Kathmandu: The government has decided to accept a grant worth 376 million Japanese yen (equivalent to Rs 366.2 million rupees ) from the Japanese government for human resource development in Nepal. This information was given by the spokesperson of the government and Minister for Communications and Information Technology Gyanendra Bahadur Karki while announcing the decision… Continue reading Govt decides to take a grant worth Rs 366.2 mn from Japan

Kathmandu: On Tuesday, the price of gold fell by Rs 1,800 per tola.According to the Federation of Nepali Gold and Silver Delears Association, the price of gold in circulation has come down from Rs 98,900 to Rs 97,100 per tola. Similarly the price of silver has been fixed at Rs 1,245 per tola.

Kathmandu: The downtrend of the stock market continued on Monday, the first trading day of the week. The market has declined by 15.82 points to 2032.34 points. After the budget , the market has increased only one day, but on other days it has been continuously declining. A total of 2,920,705 shares of 230 companies… Continue reading Stock market continue to fall

Kathmandu: President of the Nepal Chamber of Commerce (NCC) Rajendra Malla has said that they will cooperate with the local level for youth employment generation and entrepreneurship development. Speaking at a program organized by Mahottari Chamber of Commerce in Bardibas today, President Malla said that youth should be prevented from fleeing by creating employment in… Continue reading NCC to cooperate with local govt to generate employment