Category: Finance

Kathmandu: The Election Commission (EC) has warned to take action against the candidates who do not submit the expenditure details of the local elections. The commission has directed the district and regional election offices to prepare the details of the candidates who submit the expenditure details and send them to the commission with the recommendation… Continue reading Commission warns to take action against candidates who do not submit their local election expenditure

(BBC): Prices are continuing to rise at their fastest rate for 40 years with food costs, particularly for bread, cereal and meat, climbing. UK inflation, the rate at which prices rise, edged up to 9.1% in the 12 months to May, from 9% in April, the Office for National Statistics (ONS) said. Fuel and energy… Continue reading UK inflation rises at fastest rate for 40 years as food costs jump

Kathmandu: The NADA Automobiles Association has demanded to lift ban on the import of vehicles. The NADA delegation called on Minister for Industry, Commerce and Supplies Dilendra Prasad Badu and demanded lifting of the ban on import of vehicles. NADA has demanded that the ban on imports of private vehicles such as cars, jeeps and… Continue reading NADA demands to lift ban on vehicle import

Kathmandu: The Airlines Operators Association Nepal (AOAN) has threaten to halt air services from Wednesday. Stating that the Civil Aviation Authority of Nepal (CAAN) has implemented a provision that cannot be fulfilled, the association has announced to halt all flights including emergency from Wednesday. Citing the parking problem at Tribhuvan International Airport (TIA) alone, the… Continue reading Airline operators threats to halt flight, CAAN warns not to do so

(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