Category: Finance

Kathmandu: The Asian Development Bank (ADB) has pledged a total investment of US $2.3 billion (approximately Rs 313 billion) in Nepal over the next five years as part of a new strategic partnership with the Government of Nepal. The announcement was made Tuesday during the launch of ADB’s Country Partnership Strategy (CPS) for Nepal 2025–2029,… Continue reading ADB commits $2.3 billion to Nepal under new five-year partnership strategy

Kathmandu: Kathmandu Metropolitan City (KMC) has approved a budget of Rs 25.11 billion for the upcoming fiscal year 2025/26. The decision was made during the second meeting of the 17th municipal assembly session held on Wednesday at the National Assembly Hall. The budget outlines KMC’s financial and development plans for the next fiscal year, focusing… Continue reading KMC approves Rs 25.11 billion budget for fiscal year 2025/26

Rajbiraj: Five Nepali workers facing severe hardships in their workplace in Gujarat, India have been rescued and reunited with their families, according to Tirahut rural municipality in Saptari district. They were employed at a cold store at Johorapur in the Gujarat State where they reportedly endured physical assault and mental torture by their employer, said… Continue reading Five Nepali workers rescued from Gujarat in India

Kathmandu: About 59 percent of this season’s paddy plantation has been completed across the country, according to the Ministry of Agriculture and Livestock Development. As of July 13, rice has been planted on around 816,405 hectares of land. This is about 8 percent less than the same period last year. Among the provinces, Sudurpaschim is… Continue reading Nearly 59 percent rice plantation completed so far across country

Kathmandu: Home Minister Ramesh Lekhak has directed for an investigation into alleged involvement of unauthorized people during the Prime Minister’s recent visit to Spain. On Sunday, the Home Minister issued directives to Home Secretary Gokarnamani Duwadi and Inspector General of Police Deepak Thapa to determine whether people except those in the official delegation had travelled… Continue reading Home Minister directs for investigating alleged travel of additional to Spain

Kathmandu: Nepal Rastra Bank has increased the foreign exchange facility for Nepali citizens traveling to countries other than India, raising the limit from USD 2,500 to USD 3,000 per trip. The revised provision was announced in the monetary policy for the fiscal year 2025/26, released on Friday. The move aims to ease travel-related expenses for… Continue reading Dollar exchange limit raised to USD 3,000 for Nepalis traveling abroad

Kathmandu: The Nepal Rastra Bank (NRB) has issued the monetary policy for the upcoming fiscal year 2082/83 (2025-26). Unveiling the monetary policy, the Governor of the Central Bank, Dr. Biswo Nath Poudel, stated that a flexible policy has been adopted cautiously. The monetary policy mentions approving and implementing the second financial sector strategy. The bank… Continue reading Monetary Policy for upcoming fiscal year unveiled

Kathmandu: Minister for Industry, Commerce and Supplies Damodar Bhandari has stated that becoming a woman entrepreneur is not just about running a business but also about empowering the family financially. Addressing the inauguration ceremony of the International Women’s Leadership Conference here today, Minister Bhandari said that women’s leadership and entrepreneurship are the foundations for building… Continue reading Minister Bhandari says women’s becoming entrepreneur makes family financially capable

Kathmandu: Several vital health programs in Nepal have come to a standstill following the suspension of grants from the United States Agency for International Development (USAID), leaving significant gaps in maternal, child, and reproductive health services. According to the Family Welfare Division (FWD), the sudden aid freeze has disrupted a range of public health initiatives,… Continue reading US Aid suspension halts key health programs in Nepal

Kathmandu: A high-level Nepal-UK Investment Meeting was held on July 2 at the House of Lords in London, jointly organized by the Nepal German Chamber of Commerce and Industry (NGCCI) and the Nepal Centre UK. The event aimed to explore trade and investment opportunities between Nepal and the United Kingdom and encourage British investors to… Continue reading Nepal-UK investment meeting held in London to boost bilateral economic ties