Category: Finance

Kathmandu: Remittance inflow has decreased by 4.9 percent to Rs. 540.12 billion in the first seven months of the current fiscal year against an increase of 10.9 percent in the same period of the previous year.According to the Nepal Rastra Bank (NRB), the number of Nepali workers (institutional and individual-new and legalized) taking approval for… Continue reading Remittances drop by 4.9 percent

Kathmandu: Nepal Airlines Corporation (NAC) will now operate two daily flights on the Kathmandu-Delhi route. The Indian government has said that Nepal Airlines will operate two daily flights to Delhi after opening all types of commercial flights to India. According to the Nepal Airlines Corporation, there will be two daily flights on this route from… Continue reading NAC to operate two flights day in KTM-Delhi-KTM route

Kathmandu: The government has lifted the deadline for night businesses. The Ministry of Home Affairs has decided to allow all kinds of night businesses including hotels, restaurants, dance clubs, lounge bars to operate overnight. Home Minister Bal Krishna Khan had formed a 14-member task force led by Phanindra Mani Pokhrel, chief of the peace and… Continue reading Night businesses are allowed to operate 24 hours

Kathmandu: All the three private sector organizations trading in petroleum have announced agitation programs to halt selling petroleum and gas products. The National Association of Nepal Petroleum Dealers, Nepal Federation of Petroleum Transport Entrepreneurs and Nepal LP Gas Industries Association have agitated saying that the commission received by the businessmen has been reduced by the… Continue reading Gas and petrol dealers demand to increase commission

Kathmandu: The value of Nepali rupee has dropped historically this week. The Nepali rupee has been weak so far as the US dollar has appreciated. On Tuesday, Nepal Rastra Bank set the buying rate of US dollar at 122.84 paisa and the selling rate at 123.44 paisa. That means you will now have to pay… Continue reading Nepali currency drop to lowest point ever

Kathmandu (Rashtriya Samachar Samiti): The government has decided to provide funds to the Nepal Oil Corporation (NOC) for the purchase of petroleum products. A meeting of the Price Stabilization Fund held on Saturday decided that the corporation would provide Rs 4.25 billion less than the first installment due to the Indian Oil Corporation (IOC). Even… Continue reading Govt to provide Rs 4.25 bn to NOC

Kathmandu: A team of the crime branch of the metropolitan police has arrested nine members of the group who were faking recruitment in the name of the job center. According to the crime branch of the metropolitan police, they were arrested on the charge of cheating up to Rs 6,000 per person under the pretext… Continue reading Police arrest 9 people for fake recruitment

Kathmandu: Nepal Airlines Corporation (NAC) has got permission to fly to Saudi Arabia. The Civil Aviation Authority of the country has given permission to Nepal Airlines to operate flights in the destination. The corporation has received flight permission from its Riyadh-based office in the presence of the corporation’s executive chairman Yuvraj Adhikari.According to the flight… Continue reading NAC receives approval to fly to Saudi Arabia

Kathmandu: The price of gold in the domestic market has crossed Rs 100,000 per tola on Sunday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of the yellow metal has increased by Rs 2,000 per tola to reach Rs 101,900 per tola. Earlier, the gold price was Rs 99,900 per… Continue reading Gold price crosses 1 lakh rupees per tola

Kathmandu: IFC has appointed Martin Holtmann as the new Country Manager for Nepal, Bangladesh, and Bhutan. Based in Dhaka, Holtmann will focus on developing new opportunities for the private sector and increasing IFC’s impact on the development of the three countries as the region continues to recover from the COVID-19 pandemic. Holtmann, a German national,… Continue reading IFC Appoints Martin Holtmann as Country Manager for Nepal, Bangladesh and Bhutan