Category: Finance

Kathmandu: India has lowered the price of electricity in competitive markets. In India will now sell electricity a maximum rate of Rs 12 per unit. Nepal has also been buying electricity from India. The Electricity Regulatory Commission of India has reduced the competitive rate of electricity from Rs 20 per unit to Rs 12 per… Continue reading India fixes maximum price of electricity at Rs 12 per unit

Kathmandu: A long line of consumers gathered at petrol pumps in fear of a shortage of petroleum products.As the transporters announced to halt fuel supply from today, consumers are sitting in line for fear of a shortage There is a line of consumers at petrol pumps in different parts of the country including Kathmandu Valley… Continue reading Suppliers halt fuel supply in Nepal

(BBC): Russia has told foreign countries they must start paying for its gas in roubles or it will halt supplies. Vladimir Putin has signed a decree stating buyers must “must open rouble accounts in Russian banks” from Friday. “Nobody sells us anything for free, and we are not going to do charity either – that… Continue reading Russia threatens to stop supplying gas if not paid in roubles

Kathmandu: For the second consecutive year, IFC joined the Nepal Stock Exchange (NEPSE) to ‘Ring the Bell for Gender Equality,’ an annual global event that highlights how the private sector can spur women’s participation in the global economy and promote sustainable development. Accelerating the pace of gender parity could lead to important economic, environmental, social,… Continue reading IFC and Nepal Stock Exchange Ring the Bell for Gender Equality

BILLINGS, Mont. (AP): In the oil fields of northern Montana, industry veteran Mac McDermott watched crude prices whipsaw from $75 a barrel in January to more than $120 as Russia pressed its war in Ukraine, then down again when coronavirus worries in China raised the specter of a global slowdown. McDermott said his family-owned company… Continue reading Ukraine war ups pressure for US oil; industry faces hurdles

Kathmandu: The government has asked internet service provides to block Websites related to cryptocurrency, bitcoin, hyper networking, online gambling in Nepal. The Nepal Telecommunications Authority has written a letter instructing internet and mobile service providers to shut down such websites and apps. The Ministry of Finance had written a letter to the Ministry of Communications… Continue reading Nepal govt asks ISPs to ban crypto-related websites

(Rashtriya Samachar Samiti): Kuwait’s Jazeera Airways is set to launch its first commercial flight at Gautam Buddha International Airport, a project of national pride. Jazeera has applied to the Civil Aviation Authority of Nepal (CAAN) for regular flights from May 12 (on the ocassion of Buddha Jayanti). According to CAAN Deputy Director General Dev Chandra… Continue reading Jazeera Airways to operate regular flights at GBIA

Kathmandu: The government has decided to resume the work permit for workers going to Malaysia, which has been the major destination country of Nepali workers. Ministry of Labor, Employment and Social Security Krishna Kumar Shrestha has decided to resume the work in accordance with the prevailing law as the work of issuing labor permit to… Continue reading Work permit for Malaysia resumes after two years

Kathmandu: Public vehicle owners have warned the government to increase the fares of public transport unilaterally if the government does not adjust the fares within a week. Entrepreneurs have demanded the government to immediately adjust the fare, saying that the adjusted fare is still the same despite repeated price hikes in petroleum products. In the… Continue reading Public vehicles threatened govt to increase fare

Kathmandu: The government has filed a case against Bottlers Nepal for capital gains tax evasion. Director General of the Revenue Investigation Department, Prakash Poudel, informed that the Revenue Investigation Department has filed a case in the High Court, Patan, in the amount of Rs 7.43 billion. The department had been investigating Bottlers Nepal for capital… Continue reading Tax evasion case worth Rs 7.43 bn against Bottlers Nepal