Category: Finance

Kathmandu: Central Investigation Bureau (CIB) of Nepal Police has launched a probe into 25 companies linked to controversial medical entrepreneur Durga Prasai for allegedly misusing loans totaling over Rs 7.25 billion. According to police, Prasai and his close relatives secured the loans from multiple banks and financial institutions, but diverted the funds for purposes unrelated… Continue reading CIB investigating Durga Prasai, 25 firms over misuse of Rs 7.25bn loans

Kathmandu: President Ramchandra Paudel would present government’s policies and programmes for coming fiscal year in the joint meeting of both houses of the Federal Parliament at 3:00 pm on May 2. In today’s meeting of the House of Representatives, Speaker Devraj Ghimire informed about it by reading the letter received from the Office of the… Continue reading President Paudel to present govt.’s policies, programmes on May 2

Kathmandu: Tea worth Rs 3.57 billion has been exported till April 13 of the current fiscal year 2024/25, starting July 16, 2024. Tea exports are expected to reach Rs 4.5 billion this year, according to the National Tea and Coffee Development Board. Board official Chandra Puri said Nepal’s tea sector has created around 60,000 jobs… Continue reading Nepal exports tea worth Rs 3.57 billion in last nine months

Kathmandu: China repeated Saturday that it had held no talks with the United States on trade issues, despite President Donald Trump’s claim that he had taken a call from Xi Jinping. In an interview conducted on April 22 with Time magazine and published Friday, Trump did not say when the call with the Chinese leader… Continue reading China insists no trade talks with US, despite Trump claim

Kathmandu: The price of gold in Nepal saw a significant drop on Wednesday, falling by Rs 7,500 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Association. After hitting an all-time high of Rs 197,900 per tola on Tuesday, the price of fine gold has now settled at Rs 190,400 per tola.… Continue reading Gold price drops sharply in Nepal, down by Rs 7,500 per tola

Kathmandu: The price of gold surged to an all-time high of Rs 187,000 per tola in the domestic market on Thursday, marking a sharp rebound of Rs 2,700 in a single day, according to the Federation of Nepal Gold and Silver Dealers’ Association. The precious metal was traded at Rs 184,300 per tola on Tuesday,… Continue reading Gold hits record high of Rs 187,000 per tola in Nepali market

Kathmandu: Qatar Airways has expressed interest in increasing its flight frequency to Nepal, according to the Civil Aviation Authority of Nepal (CAAN). During a meeting held on the sidelines of the ICAO Facilitation Conference in Qatar, CAAN Director General Pradeep Adhikari and Chairman of Qatar Civil Aviation Authority, Mohammed bin Faleh Al Hajri, discussed the… Continue reading Qatar Airways shows interest in increasing flights to Nepal

Kathmandu: Minister for Forests and Environment, Ain Bahadur Shahi Thakuri, has emphasized the need to promote ecotourism in conservation areas and link it directly with improving local livelihoods. Speaking at the inaugural event of the 30th Wildlife Week organized by the Department of National Parks and Wildlife Conservation, Minister Shahi stated that conservation areas should… Continue reading Minister stresses ecotourism, livelihood link at 30th wildlife week

Kathmandu: The price of gold in Nepal soared to an all-time high of Rs 185,000 per tola on Friday, marking a sharp single-day increase of Rs 3,900, according to the Federation of Nepal Gold and Silver Dealers’ Association. This surge follows a significant jump of Rs 5,700 on Thursday, continuing a bullish trend in the… Continue reading Gold hits record high of Rs 185,000 per tola in Nepali market

Kathmandu: The United Arab Emirates (UAE) government has launched a two-month amnesty program that allows Nepali nationals living illegally in the country to return home without facing penalties. The initiative, which started on September 1 and will run until October 30, provides an opportunity for foreign workers and tourists whose visas have expired or who… Continue reading UAE offers amnesty program for illegal foreign workers