Category: Finance

India’s cold response on Bhairahawa-Delhi flight

Kathmandu: Nepal Airlines Corporation (NAC), which was preparing to operate Delhi-Bhairawa flight from next Monday, has halted its plan. As the regulatory body of India has not yet given any response to the proposal for flight permission, the airlines will not fly from and to Bhairahawa. About a week ago, the Nepal Airlines Corporation had… Continue reading India’s cold response on Bhairahawa-Delhi flight

Aero Thai aircraft reach Pokhara for test flight

Kathmandu: The plane of Aero Thai Company has arrived at Pokhara International Airport for the calibration i.e. mechanical test flight to be held on Monday at Pokhara International Airport. Regular flights will be affected during the calibration flight. After the calibration flight, based on the report provided by Aero Thai Company, the airport will be… Continue reading Aero Thai aircraft reach Pokhara for test flight

Alcohol sales banned at World Cup stadiums in Qatar

Kathmandu: Alcohol will not be sold to fans at the World Cup’s eight stadiums in Qatar after Fifa changed its policy two days before the start of the tournament. Alcohol was set to be served “in select areas within stadiums”, despite its sale being strictly controlled in the Muslim country. Those in corporate areas of… Continue reading Alcohol sales banned at World Cup stadiums in Qatar

Nepali students studying abroad spent 18bn in last three months

Kathmandu: In the first three months of the current financial year, students going abroad for foreign studies have taken around 18 billion rupees abroad. In the same period of the previous year, the net service income was in loss by 23.34 billion rupees. Under the service account, the tour income increased by 110.4 percent to… Continue reading Nepali students studying abroad spent 18bn in last three months

Buddha Air to operate flight from Pokhara to Banaras, India

Kathmandu: Buddha Air has announced direct flights to Banaras, India from Pokhara International Airport. The airport is currently under final phase of construction. The company announced on Monday that it will fly directly to Banaras after the Pokhara airport becomes operational. The government has already announced that this airport will be operational from January 1,… Continue reading Buddha Air to operate flight from Pokhara to Banaras, India

Nepal receives 86.5 bn foreign aid commitment in first three months of the fiscal year

Kathmandu: Nepal has received 86.5 bn foreign aid commitments in the last three months. According to the Ministry of Finance, in the first quarter of the current fiscal year, Nepal has received foreign aid commitments worth 86.41 billion rupees. In which there is a subsidy of 6.71 billion rupees while 79.70 billion rupees is debt.… Continue reading Nepal receives 86.5 bn foreign aid commitment in first three months of the fiscal year

Private sector halts protest against increase in bank interest

Kathmandu: The protest of the private sector has been postponed for now. The protest was suspended after Nepal Rastra Bank Governor Mahaprasad Adhikari promised to address the problems of industrialists through the quarterly review of monetary policy. The Federation of Nepalese Chambers of Commerce and Industry and has also decided not to do any activity… Continue reading Private sector halts protest against increase in bank interest

World Bank sayss migration can support long-term development of South Asia

Photo: Reuters

Kathmandu: As South Asia reels from the impacts of unprecedented economic shocks, migration can boost its recovery and support long-term development, says the World Bank in its latest regional economic update. Coping with Shocks: Migration and the Road to Resilience is the subject of a two-day conference that opens today, organized by the Institute for… Continue reading World Bank sayss migration can support long-term development of South Asia