Category: Finance

Kathmandu: The Joint Trade Union Struggle Committee has objected to the addition of unnecessary employees in the contract of the Nepal Airlines Corporation (NAC), which is collapsing financially. The committee has objected that some people have been recruited in the passenger service department, operations department, general service and property management department in the corporation on… Continue reading Trade union warns NAC not to hire unnecessary staff

Kathmandu: The domestic demand for electricity has skyrocketed during the winter season . According to the Nepal Electricity Authority, the peak demand for electricity this year has increased by an average of 300 MW as compared to last year. Consumption is increasing on a daily basis due to the increase in the use of electric… Continue reading Electricity demand increases

Kathmandu: Minister for Energy, Water Resources and Irrigation Pampha Bhusal has appealed to all sectors to increase electricity consumption. Speaking at the inauguration ceremony of the Oxygen Plant constructed by Chhetrapati Hospital on Saturday she said that electricity is now sufficient to alleviate the crisis in the energy sector and urged all sectors to contribute… Continue reading Energy Minister Bhusal urges to increase electricity consumption

Kathmandu: As the capital (development) expenditure is becoming depressing, the Ministry of Finance has started discussions with the concerned ministries. Finance Minister Janardan Sharma on Friday called on the concerned development ministry ministers at the finance ministry to increase capital expenditure. On the occasion, Finance Minister Janardan Sharma urged the ministries to spend 30 percent… Continue reading Finance Minister directs all the ministries to make budget plan till Jan 14

Kathmandu: Remittance inflows decreased by 7.5 percent to Rs.312.42 billion in the review period against an increaseof 11.2 percent in the same period of the previous year. According to the Nepal Rastra Bank the number of Nepali workers (institutional and individual-new and legalized) taking approval for foreign employment increased significantly to 96,382 in the review… Continue reading Remittances declined by 7.5 percent

Dhading (Rashtriya Samachar Samiti): Three farmers in Dhading have been awarded with the President’s Best Farmer Award. The award was distributed by the Dhadingbesi Agricultural Knowledge Center on the occasion of the 41st World Food Day. According to Kamal Raj Sharma, Agriculture Development Officer at Krishi Knowledge Center, Dhading, the prizes were distributed to the… Continue reading Three farmers awarded with ‘President Best Farmer Award’

Kathmandu: Nepal has made significant strides in implementing fiscal federalism while key reforms are needed to support fiscal sustainability and Nepal’s transition towards green, resilient, and inclusive development states the World Bank’s Public Expenditure Review (PER) Report on Fiscal Policy for Sustainable Development launched today. With the country’s transition to federalism, expenditure responsibilities have been… Continue reading New World Bank Report Underlines Reforms to Support Fiscal Federalism, Green Growth in Nepal

Kathmandu: Qatar has agreed to review labor agreement with Nepal during the fourth meeting of the Nepal-Qatar Joint Committee held in Kathmandu on Friday. According to the Ministry of Labor, Employment and Social Security, in the meeting, the Qatari side agreed to move ahead as per Nepal’s proposal for the socio-economic reintegration of Nepalis who… Continue reading Qatar agrees to review labor agreement

Kathmandu: Department of Customs (DoC) has stated that illegal gold are being imported in Nepal through passengers returning from abroad for who were migrated for foreign employment and other work. The department published a notice on Sunday stating that gold was being hidden in flashlights, irons, mixers, radios, speakers and water pumps without the knowledge… Continue reading Passengers returning from abroad bring illegal gold: DOC

Kathmandu (Rashtriya Samachar Samiti): Nepal Rastra Bank (NRB) has signaled to halt increasing silver imports. The central bank today reviewed the monetary policy for the current fiscal year and indicated that it will tighten silver imports. NRB has stated that provision has been made to provide an exchange facility for importing silver only up to… Continue reading NRB signals to tighten silver import