Category: Finance

Kathmandu: Nepal Airlines Corporation (NAC) has advanced the process of purchasing three new planes to fly to airports in remote, hilly and mountainous areas with short runways. The Board of Directors meeting has formed a sub-committee under the coordination of Captain Sudhir Shamsher Rai, Senior Board Member, to carry forward the ship purchase process. The… Continue reading NAC buying 3 aircrafts for domestic flights

Kathmandu: Domestic, foreign and large-scale projects will be promoted through the Investment Board Nepal (IBN). The 53rd meeting of the Board chaired by Prime Minister Pushpa Kamal Dahal has decided to go ahead with such big projects. Finance Minister Dr. Prakasharan Maha has said that it has been decided to advance the hydropower projects in… Continue reading Investment Board decides to proceed with major projects

Kathmandu: The International Monetary Fund (IMF) has predicted that India’s economy will grow at the fastest rate in the world. In the IMF’s flagship publication ‘World Economic Outlook’, India is projected to be the fastest growing economy in the world despite the turmoil in the financial sector, high inflation, the Russia-Ukraine war and the three-year-long… Continue reading IMF predicts India’s economy to be the fastest growing economy in the world

Kathmandu: The price of gold has set a new record. The gold price has reached 111,000 rupees per tola on Wednesday. This is the highest price in the history. Compared to the previous day, the price of gold has increased by Rs 2,000 per tola. The price of silver has also increased from 1400 rupees… Continue reading Gold price set new record in Nepal

Kathmandu: Domestic flight fares have decreased. After the Nepal Oil Corporation reduced the price of air turbine fuel (ATF) by Rs 10 per liter, the ‘fuel surcharge’ under the air fare of domestic flights has been reduced. According to Civil Aviation Authority of Nepal the highest air fare on the Kathmandu-Dhangadhi route has decreased by… Continue reading Domestic airfare drops in Nepal

Kathmandu: Growth in Nepal this year will be slower than previously projected due to the impacts of import restrictions, monetary policy tightening, higher inflation, and shrinking government expenditure reflecting lower government revenue, according to the World Bank’s twice-a-year country update. Released today, the latest Nepal Development Update (April 2023): Fine-Tuning Policy in a Turbulent Environment,… Continue reading Nepal’s Growth Faces Slowdown Amidst Domestic and External Challenges

Kathmandu: Nepal Oil Corporation (NOC) has reduced the prices of diesel, kerosene, air turbine fuel and petrol. The board meeting held today decided to reduce the price of diesel, kerosene and ATF by Rs 10 per liter and the price of petrol by Rs 3 per litre. The price of LP gas for cooking has… Continue reading NOC reduce fuel prices

Kathmandu: Rasuwagadhi-Kerung border come into full operation. The Ministry of Industry, Commerce and Supply has said that the border has been fully operational since Saturday. Secretary Madhukumar Marasini and Vice President Silang Nima of Tibet, China jointly announced the re-operation of the border crossing.

Kathmandu: The Government of Nepal aims to deliver NPR 0.8 trillion (US$6 billion) infrastructure investments through public-private partnerships (PPPs) as part of its Fifteenth Plan (2019/20 – 2023/24).While PPPs are vehicles to mobilize private sector financing, governments often must provide fiscal support to mitigate risks. The need for robust fiscal management to manage the government’s… Continue reading Nepal, World Bank discuss strengthening management of fiscal risks in PPPs for infrastructure projects

Kathmandu: The Ministry of Industry, Commerce and Supply has issued Startup Enterprise Loan Fund Procedure, 2079. According to the procedure, any startup entrepreneur can get a loan of up to 2.5 million rupees without collateral at an interest rate of three percent. The company can get the loan by pledging its own business. The Ministry… Continue reading Nepal govt to provide loan up to 2.5 mn to startups