Category: Finance

Kathmandu: Nepal Oil Corporation (NOC) has increased the price of petroleum products with effect from 12 am today. The board of directors of the corporation has decided to increase the price as the price of petroleum products has gone up at a high rate in the international market and the arrears of fuel Indian Oil… Continue reading NOC raise fuel price again

(BBC): People in Thailand can now grow cannabis plants at home and sell the crop after the nation removed marijuana from its banned narcotics list. The nation is the first to advance such a move in South-East Asia, a region known for its stringent drug laws. But recreational use is still banned, even though advocates… Continue reading Thailand legalizes cannabis trade but still bans recreational use

Kathmandu: Chaudhary Groups has launched the electric crossover vehicle in Nepali market called “Neta V” under CG Motors. Neta is an EV brand owned by a Hozon Auto Company in China which is top three EV brand and has been ranked among the first echelon and rapidly growing brand. The vehicle is powered by an… Continue reading CG Motors Launches Eco-Friendly NETA V in Nepal

Kathmandu: Four Chinese nationals and a Nepali national have been arrested from Nagdhunga in Kathmandu along with Rs. 40 million. According to the Metropolitan Police five persons have been arrested for smuggling Nepali currency. The arrested Nepali is Phool Bahadur Gurung, 44, of Bidur Municipality-8, Nuwakot. The other four are Chinese nationals.

Kathmandu: Finance Minister Janardan Sharma has expressed his commitment to build Nijgadh International Airport in Bara district. Addressing the 46th general assembly of the Birgunj Chamber of Commerce and Industry on Saturday , Minister Sharma expressed such commitment. He said that Nijgadh Airport is needed not only as an alternative to Tribhuvan International Airport but… Continue reading Finance Minister Sharma committed to build Nijgadh airport

Kathmandu: The World Bank’s Board of Executive Directors today approved an $80 million project to help Nepal improve the delivery of water and sanitation services and promote integrated water resources management. “This project aims to strengthen the delivery of water and sanitation services at the local level by building the capacity of municipalities and thereby… Continue reading World Bank provides $80 mn to improve water supply and sanitation services in Nepal

Kathmandu: The government is studying the feasibility of private sector involvement fuel supply. The cabinet has formed a high-level task force to reconsider various policy arrangements to make the supply of petroleum products systematic, transparent and effective. The task force is also going to study the regulatory and trade related activities of petroleum products by… Continue reading Task force formed to study feasibility of private sector involvement in fuel supply

Kathmandu: The government has reduced the infrastructure tax on diesel and petrol. The government has decided to reduce the infrastructure tax on diesel and petrol by Rs 10 per liter. With the reduction of infrastructure tax on diesel and petrol, the fuel price has been expected to adjust.

Kathmandu: Internet Service Providers Association of Nepal has warned that the internet service can be halted at any time to the Nepal Electricity Authority (NEA). The association has stated that the NEA is cutting power transmission lines to major internet distribution centers across the country. The Nepal Electricity Authority (NEA) has warned that the power… Continue reading Service provider threatens to cut off internet service

BRUSSELS (AP): European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support. The embargo covers Russian oil brought in by sea, allowing a temporary exemption… Continue reading EU leaders agree to ban 90% of Russian oil by year-end