Kathmandu: Nepal Electricity Authority (NEA) has exported electricity to India even during the evening of Lakshmi Puja (A festival when the country consumes maximum electricity). As the excess electricity in Nepal started to be sold in the Indian market, for the first time this year, the authority exported electricity to India even on the evening… Continue reading Nepal export 380 MW electricity even during the peak hour of festive season
Category: Finance
Govt prohibits hotels and restaurants to levy service charge to customers
Kathmandu: Hotel, restaurant and bar operators will no longer be able to add service charge and VAT amount to the menu. The Department of Commerce, Supply and Consumer Protection has warned hoteliers not to charge extra money from consumers except as mentioned in the menu. The department issued a press release on Thursday and alerted… Continue reading Govt prohibits hotels and restaurants to levy service charge to customers
Govt prohibits flower import from India during Tihar festival
Kathmandu: The government has prohibited the import of flowers from India during Tihar. During Tihar, especially in urban areas, about 85 percent of the demand for marigold flowers is met by domestic production, but 15 percent of marigold flowers are imported, the government has banned the import of marigold flowers this year, according to the… Continue reading Govt prohibits flower import from India during Tihar festival
NOC not in mood to reduce fuel price despite having profit
Kathmandu: Nepal Oil Corporation (NOC) has again refused adjusting the price of petroleum products. Even though the new prices are coming from India regularly, the corporation has not adjusted the prices by showing the old losses. As a result, the consumer has been hit by high prices. Despite the increase in the price of some… Continue reading NOC not in mood to reduce fuel price despite having profit
Hoteliers demands to cut off bank’s interest rate
Kathmandu: Hoteliers have demanded to reduce the bank’s interest rate to a single point. On Sunday, Hotel Association of Nepal (HAN) issued a statement and said that if the bank does not reduce the interest rate to a single point, there will be a risk of many hotels being closed. They said that although the… Continue reading Hoteliers demands to cut off bank’s interest rate
Govt preparing protocols to send nurses to UK
Kathmandu: The Ministry of Labour, Employment and Social Security has prepared a draft of protocol regarding the selection, posting and service facilities of Nepalese health workers. This draft protocol will be approved by the cabinet to send the nurses to the UK. It was agreed between Nepal and Britain to make a clear arrangement about… Continue reading Govt preparing protocols to send nurses to UK
President Bhandari hospitalized
Kathmandu: President Bidhya Devi Bhandari has been hospitalized today at the University Teaching Hospital Maharajgunj for treatment. She had been suffering from fever and cold for four days and had reached the teaching hospital Maharajganj on Saturday morning for medical treatment. Although the sample test did not show any problem, the doctor is going to… Continue reading President Bhandari hospitalized
Nepal’s economy expected to grow at a rate of 5.1 percent; World Bank
Kathmandu: Nepal’s economy is expected to grow at a rate of 5.1 percent in the fiscal year 2022/23 and 4.9 percent in the fiscal year 2023/24, reflecting monetary policy normalization, the end of pandemic-era monetary support measures, and still relatively high commodity prices according to the World Bank in its latest macroeconomic update. As stated… Continue reading Nepal’s economy expected to grow at a rate of 5.1 percent; World Bank
Nepal signs agreement with Switzerland for direct flight operation
Kathmandu: Nepal and the European country Switzerland are going to be connected by air. An agreement has been reached between the civil aviation authority of Nepal and Switzerland to advance the process of bilateral air agreement and before that the airline company can fly if it wants to. According to the Authority, Swiss International Airlines… Continue reading Nepal signs agreement with Switzerland for direct flight operation
EU to begin audit of Nepal’s aviation sector from Thursday
Kathmandu: The European Union Aviation Safety Agency (AESA) is going to start a safety audit of Nepal from next Thursday. According to Civil Aviation Authority of Nepal (CAAN), it is expected that Nepal will pass the audit this time and that Nepal will be removed from the blacklist of the EU while the organization structure… Continue reading EU to begin audit of Nepal’s aviation sector from Thursday