Category: Finance

Kathmandu: Nepal Airlines Corporation will operate commercial flights from Kathmandu to Gautam Buddha International Airport, Bhairahawa on Monday. According to the airlines, the narrow-body aircraft will be flown on Monday to promote Gautam Buddha International Airport. The airline has fixed two types of ticket prices for Kathmandu-Bhairahawa route at Rs 4,510 and Rs 7,040 respectively.… Continue reading NAC’s narrow-body aircraft to operate flights in Kathmandu-Bhairahawa-Kathmandu route

Kathmandu: The y-o-y consumer price inflation has stood at 7.28 percent in the ninth month of 2021/22 compared to 3.10 percent a year ago. According to a report published by the Nepal Rashtra Bank (NRB) food and beverage inflation stood at 7.40 percent whereas non-food and service inflation stood at 7.18 percent in the review… Continue reading Price inflation up by 7.28 pc

Kathmandu : The seventh national agricultural census has started. The first agricultural census in Nepal was conducted in 2018 BS. Since then, the agricultural census 2078, which has been conducted every 10 years, is being conducted across the country. This is the first time that a census has been taken after federalism . Earlier, the… Continue reading Agricultural census includes climate change for the first time

(BBC): The value of Bitcoin continued to fall over the weekend as it dropped below $34,000 (£27,630), according to the Coinbase cryptocurrency exchange. The world’s largest cryptocurrency by market value has now fallen by 50% since its peak in November last year. The slide in the value of digital assets comes as stock markets around… Continue reading Bitcoin value drops by 50% since November peak

Kathmandu: The World Bank has reallocated $23 million of the $120 million in the Youth Employment Transformation Initiative (YETI) project to scale up direct support to unemployed poor impacted by the COVID-19 pandemic. The financing is expected to help about 64,000 unemployed individuals, especially those who lost employment during the COVID-19 pandemic, receive temporary employment… Continue reading World Bank to provide &23 mn for Nepal’s Youth employment project

Kathmandu: The Government of Nepal and the World Bank signed a $150 million ‘Finance for Growth’ Development Policy Credit (DPC) today to strengthen financial sector stability, diversify financial solutions, and increase access to financial services in Nepal. The agreement was signed by the Finance Secretary, Madhu Kumar Marasini, on behalf of the Government of Nepal,… Continue reading World Bank to provide $150 Million to strengthen Nepal’s financial sector

Kathmandu: Buddha air is all set to resume flights on the Kathmandu-Banaras route. Flights between Kathmandu and Banaras, two religious destinations closed due to the Corona epidemic, will resume on May 23. According to the company, Buddha air has set a date to operate this route twice a week. Buddha has announced the date for… Continue reading Buddha Air to resume flight on KTM-Banaras route

Kathmandu: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has suggested bringing Indian notes of IRs. 200, IRs. 500 and IRs. 2000 in Nepal. The federation has suggested to the government that the message that Nepal is safe should be spread and implemented effectively and that it should be centered in India. As… Continue reading Pvt sector suggests govt to bring new Indian currency in operation

Kathmandu: Five employees of the Tribhuvan International Airport (TIA), including two cleaners, have been arrested on charges of smuggling gold.Two kilograms and 332 grams of illegally imported gold was smuggled out through them. It has been found that they have been involved in smuggling gold smuggled from abroad to the airport. That five persons including… Continue reading TIA staffers including sanitation workers involved in gold smuggling