Category: Finance

Kathmandu: Prime Minister Sher Bahadur Deuba has said that Governor of Nepal Rastra Bank (NRB) Maha Prasad Adhikari should resign. After the CPN-UML named M Adhikari, Khotang as a member of the Finance and Planning Department of the party, the Governor Adhikari has come into the controversy. In the meeting of the top leaders of… Continue reading PM Deuba suggests governor to resign

Kathmandu: The market inflation in Nepal has stood at 8.56 percent in the eleventh month of FY 2021/22 compared to 4.19 percent a year ago.According to the Nepal Rastra Bank (NRB), food and beverage inflation stood at 7.43 percent whereas non-food and service inflation stood at 9.44 percent in the review month.The average monthly y-o-y… Continue reading Market inflation increase by 8.56 pc in Nepal

Kathmandu: Nepali cement has started being exported to India. The Palpa Cement Industry of West Nawalparasi has started exporting cement to India. Three trucks of cement were sent to India through Sunauli on Friday. The industry has exported Tansen brand PPC cement. The government has committed 8 percent cash subsidy in cement export starting from… Continue reading Nepal begins exporting cement to India

Kathmandu: Communications and Information Technology Minister Gyanendra Bahadur Karki has said that there is no truth in the statement that the country’s economy is heading towards the crisis-ridden Sri Lanka. Minister Karki, who is also the spokesperson of the Government of Nepal, said that an attempt was being made to mislead the people that the… Continue reading Communication Minister Karki claims Nepal is not facing economic crisis as Sri Lanka

Kathmandu: Finance Minister Janardan Sharma has resigned from his post. He resigned on a meeting of the House of Representatives on Wednesday. Sharma resigned after being accused of making a serious mistake by introducing an unauthorized person while manipulating tax rates during budget formulation. After the parliament formed an 11-member inquiry committee to probe him… Continue reading Finance Minister resigns after cctv footage controversy

Kathmandu: Nepal Oil Corporation (NOC) has increased the prices of petrol, diesel, kerosene and domestic aviation fuel. On Monday evening, the Oil Corporation issued a statement raising the price of petrol by Rs 2 per liter, diesel and kerosene by Rs 9 per liter and domestic aviation fuel by Rs 5 per liter. With this… Continue reading NOC hike petrol price by Rs 2 per liter

Kathmandu: Nepal Oil Corporation (NOC) has sent various 10-point proposals to the government to reduce fuel consumption. The corporation has sent a proposal to the Ministry of Industry, Commerce and Supplies to distribute up to five liters of fuel to motorcycles and up to 20 liters to cars and jeeps at a time to reduce… Continue reading NOC suggests govt to reduce fuel consumption

Kathmandu: Nepal has started informal talks with India to purchase fuel in cheap price. It has been said that the talks were held on the assumption that India could supply such fuel to Nepal as it was buying cheap fuel from Russia and other countries. The country has been suffering from the price hike on… Continue reading Nepal govt held informal meeting with Indian representatives to purchase fuel on cheap price

Kathmandu: Thai Smile Airways, a Thai airline, has started flying on the Bangkok-Kathmandu-Bangkok route. According to the company, one daily flight will be operating on this route. The company has flown Airbus 320 with 150 seats in economy class and 12 seats in premium economy class with a total capacity of 162 seats. Thai Smile… Continue reading Thai Smile begins flights in KTM-Bangkok route

Kathmandu: The World Bank today approved $1.03 billion of financing to help improve regional trade in Bangladesh and Nepal by reducing trade and transport costs and transit time along the regional corridors. The Accelerating Transport and Trade Connectivity in Eastern South Asia (ACCESS) Program Phase 1 will help the respective governments address the key barriers… Continue reading Regional trade and connectivity in South Asia gets more than $1 Billion boost from World Bank