Nepal export 380 MW electricity even during the peak hour of festive season

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

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

Photo Courtesy: Nepal Oil Corporation

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

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

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Categorized as Finance, News

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

File Photo. Aircraft of Nepal Airlines Corporation (NAC) ready to take off from Simikot Airport. Photo Courtesy: RSS

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