Category: Finance

(Business Insider): Elon Musk once again overtook Jeff Bezos to reclaim the title of the wealthiest person on the planet Thursday, according to Bloomberg’s Billionaires Index, thanks to a new SpaceX valuation that bumped its founder’s wealth by another $11 billion. Bloomberg now estimates Musk’s wealth at $200 billion, with Bezos trailing behind at $194… Continue reading Elon Musk is once again the world’s richest person

Kathmandu: The Airline Operators Association of Nepal, an umbrella organization of airlines, has increased air fares along with the rise in the price of aviation fuel. As the Nepal Oil Corporation has decided to increase the price of aviation fuel by Rs. As per the decision, the airline affiliated to the association will implement the… Continue reading Airline operators increase airfare

Kathmandu: The Ministry of Finance has started the preparation of budget for the Fiscal Year 2021/22. Finance Minister Bishnu Prasad Poudel has started collecting opinions and suggestions for the upcoming budget amidst the fluid political situation. In this connection, the Ministry of Finance has taken the opinion of the former finance secretaries regarding the preparation… Continue reading Govt begins preparations for upcoming budget

Kathmandu: Province 1 and Nepal Infrastructure Bank (NIFRA) has reached an agreement on Tuesday with the announcement to move ahead with the development projects put forward by the provincial government. The agreement was reached at a program organized at the Chief Minister’s Office in Biratnagar. In the agreement, the director of the public-private partnership and… Continue reading Infrastructure Bank to cooperate with province 1 for infrastructure development

Kathmandu: The Youth and Small Entrepreneur Self-Employment Fund has put forward five new projects. On Monday, the fund held a press conference and informed about the new projects of the fund. Executive Vice President of the Fund, Kalyan Roka, said that the programs run by the fund will be carried out effectively. He informed that… Continue reading Self-employment fund to implement five new projects

Kathmandu: Two trade ports between Nepal and China have remained closed after Chinese customs yard workers went on holiday in Lhosar. At present, Tatopani checkpoint at Sindhupalchowk and Rasuwagadhi checkpoint at Rasuwagadhi are closed. Rasuwagadhi Customs Office+9 stated that the limited import from the checkpoint, which has not been fully operational for a year due… Continue reading Both Nepal-China checkpoints remain close

Kathmandu: Coronavirus infection (Covid-19) has had the greatest impact on small domestic industries. According to a study conducted by the Ministry of Industry, Commerce and Supplies, small and cottage industries have been most affected by corona in Nepal. On the basis of the industries surveyed, 10.81 percent are completely closed and 89.19 percent are partially… Continue reading Covid-19 impact: 75 pc of small and cottage industries completely closed

Kathmandu: The Non-Resident Nepali Association (NRNA) is preparing to set up a fund of Rs 10 billion to invest in the infrastructure sector. A meeting held at the Ministry of Finance on Thursday also decided to invest five percent in the fund as per the previous agreement on behalf of the Government of Nepal. Finance… Continue reading Preparations to create fund of Rs. 10 billion for investment in infrastructure sector

Kathmandu: The Ministry of Finance has assured to provid Rs. 7 billion to the Election Commission for the preparation of the mid-term elections. According to Finance Minister Bishnu Prasad Poudel, the size of election expenses has not been decided yet. However, he said that the commission will receive around Rs 7 billion for the election.… Continue reading Ministry of Finance assures Rs 7 billion for election

WASHINGTON (AP): U.S employers added just 49,000 jobs in January, a sign that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession. The tepid increase followed a decline of 227,000 jobs in December, the first loss since April. The unemployment rate for January fell sharply… Continue reading US employers add just 49K jobs as unemployment falls to 6.3 pc