Category: Finance

Kathmandu: Rashtriya Banijya Bank (RBB) will provide Rs 2 billion loans to Nepal Oil Corporation (NOC) to import petroleum products. The loan process has been started due to a lack of funds to be paid for the second installment of this month. NOC has said that the bank would provide the loan after the request… Continue reading Rashtriya Banijya Bank to lend Rs 2 bn to NOC

Kathmandu: Finance Minister Janardan Sharma has said that the Ministry of Finance has proposed the cabinet to reduce the cost of petroleum fuel for government purposes. Speaking at a press conference at the Ministry of Finance, Finance Minister Sharma said that he had proposed not to use government vehicles on public holidays to ease the… Continue reading Finance Ministry proposes to cut off govt’s fuel cost

Kathmandu (Rashtriya Samachar Samiti): The government has made it clear that the economy, which has been weakened by the Corona pandemic for the past two years, is becoming normal gradually. Presenting the fact that the economic activities affected due to the Covid-19 epidemic are normalizing, the government has made public the details that about 98… Continue reading Economic indicators are normalizing: Finance Minister

Kathmandu: Finance Minister Janardan Sharma has urged the heads of missions abroad to bring in as much remittances as possible from the citizens living abroad and to conduct promotional programs to promote tourism. He directed the Chief of Mission abroad to take initiative to increase the number of foreign tourists. Holding a virtual meeting today… Continue reading Finance Minister instructs to raise remittance and tourism activities

Kathmandu: Commercial banks have decided not to open letter of credit (LC) for import of various goods as the country’s foreign exchange reserves are declining.A meeting of the Nepal Bankers’ Association (NBA) held on Sunday has decided not to open LC for import of vehicles, dry food, furniture, cigarettes, liquor, decorative items, perfumes, mobiles and… Continue reading Bankers’ Association decides not to issue LC for luxurious goods

Kathmandu: Nepal Rastra Bank Governor Maha Prasad Adhikari has been suspended.According to the Nepal Rastra Bank Act, he was automatically suspended after the government formed an inquiry committee to expedite the process. The question of the governor’s office was raised in the cabinet meeting held on Thursday. Discussions were held to form a committee to… Continue reading Govt suspends Governor Maha Prasad Adhikari

Kathmandu: Nepal Oil Corporation (NOC) has again increased the fuel price. The price of petrol, diesel and kerosene has been increased by Rs 5 per liter and cooking LP gas by Rs 25 per cylinder with effect from 12 noon last night, according to a statement issued by the corporation. Along with this, the price… Continue reading NOC again raises fuel price

Kathmandu: A long-awaited dry port at Chobhar in Kathmandu has finally come into operation on Tuesday. The port was inaugurated by Prime Minister Sher Bahadur Deuba today. Prime Minister Deuba inaugurated the port by bringing in three containers carrying goods for Kathmandu through Birgunj. Now, it has become possible to pass the customs check by… Continue reading Chobhar dry port came into operation today

Kathmandu: The government has increased the fare of public transports by 15 percent. The Department of Transport Management has stated that the fare of passenger vehicles has been increased up to 10 percent as per the ministerial decision of the Ministry of Physical Infrastructure and Transport. Similarly, the fare of long distance vehicles has increased… Continue reading Public vehicle fares increased by 15 percent

Kathmandu: More than 40,000 tourists have visited Nepal in March. According to the Nepal Tourism Board (NTB) 42,006 tourists have come to Nepal in March. This number is 180 percent more than the same period last year. A total of 14,977 tourists visited Nepal in March last year. The number of tourists visiting Nepal in… Continue reading 42,000 tourists visit Nepal in March