Category: Finance

Kathmandu: Nepal Oil Corporation (NOC) has reduced the price of fuel. According to the corporation, the price of petrol, diesel and kerosene has been reduced by Rs 3/3 per liter with effect from 12 midnight on Friday. With the reduction in price, now per liter price of petrol will be 178 and per liter price… Continue reading Govt reduces fuel price

Kathmandu: Remittance inflows has increased by 20.4 percent to Rs.378.04 billion in the review period against a decrease of 7.0 percent in the same period of the previous year.Amid this, number of Nepali workers (institutional and individual-new) taking approval for foreign employment increased 102.5 percent to 195,196 in the review period.The number of Nepali workers… Continue reading Remittances increased by 20.4 percent

Kathmandu: Mahaprasad Adhikari, Governor of Nepal Rastra Bank (NRB), has said that the liquidity within the banking system is improving. He also informed that the interbank rate has dropped from 8.5 to 7.07 percent. Speaking at a program held in Kathmandu on the occasion of the Annual General Meeting of Nepal Bankers Association, the governor… Continue reading NRB Governor says liquidity crisis is improving

Kathmandu: The price of gold, which has been continuously increasing for a few days, has continued on Sunday as well. On the first trading day of the week, the price of gold in the Nepali market on Sunday increased by 200 rupees per tola.On the previous trading day i.e. Friday, the gold per tola had… Continue reading Gold price cross 1 lakh rupees

Kathmandu: The police has arrested eight people who were pretending to be officers of Inland Revenue Department and collecting money from others in the name of charge. The police informed that the investigation is going on against them for cheating and non-committal offences. They, who are in government uniform, have been monitoring different places by… Continue reading Nepal police arrested fake officers of inland revenue department

Kathmandu: Nepal will receive 5.11 billion rupees from the government of Finland and Norway for the enhancement of the country’s education sector. The government has decided to accept 19 million Euros (2.54 billion) from the Finnish government. Information and Communication Technology Minister Gyanendra Bahadur Karki informed that the cabinet meeting held on Tuesday decided to… Continue reading Nepal to receive 5.11 bn grant from Finland and Norway

Kathmandu: Kathmandu Metropolitan City (KMC) has decided to hire engineers on contract who are on the waiting list after passing the Public Service Commission exam. According to the metropolis, as an engineer should be hired for the infrastructure work, priority was given to those who had passed the public service exam last year. In a… Continue reading KMC to hire engineers who are on waiting list after clearing PSC examination

Kathmandu: China Southern Airlines has resumed flights to Nepal from Tuesday. The airline has started Guangzhou-Kathmandu-Guangzhou flight. With this, airlines will now fly one flight every Tuesday in a week, according to the Civil Aviation Authority of Nepal. The airline had stopped flying during the Corona epidemic. The airlines started flying again after the Chinese… Continue reading China Southern begins China-Kathmandu flights

Kathmandu: Minister of Labour, Employment and Social Security Sher Bahadur Kunwar has directed the authorities to implement free visa free ticket service effectively. Minister Kunwar has directed the businessmen to manage this after the complaints of Nepali people going for foreign employment of being cheated and not getting work as per the contract. Speaking at… Continue reading Lobour Minister Kunwar directs authorities to implement free visa free ticket service for migrant workers

Kathmandu: India has removed the increased customs duty on exports of steel products. On June 7, India imposed 15 percent export duty on the export of such goods. Due to increasing exports, India had increased taxes to prevent the price of iron and steels from increasing in the domestic market. However, the Indian steel producing… Continue reading India lifts increased tariffs on steel export