Category: Finance

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

Kathmandu: Domestic airline companies have been threatened to halt flights if the Nepal Oil Corporation (NOC) didn’t reduce the fuel price. Issuing a press statement today, Airline Operators Association of Nepal (AOAN) said that NOC is selling domestic aviation fuel at a profit of Rs 23.8 per liter.Contrary to the previous agreement between the corporation… Continue reading Airline operators warns to halt flights demanding to reduce fuel price

Kathmandu: In the second month of 2022 (February), about 20,000 tourists have visited Nepal. According to Nepal Tourism Board (NTB), 19,766 tourists visited Nepal in February. In the same month last year, 9,146 tourists had come to Nepal. In the first month of 2022, 17,000 tourists visited Nepal. According to the Nepal Tourism Board, a… Continue reading 20,000 tourists visit Nepal in February

Kathmandu: Non-Resident Nepalis (NRNs) are now able to open foreign currency accounts in Nepali banks for as little as one thousand dollars. Earlier, a minimum of $5,000 or equivalent was required to open a dollar account. On Wednesday, the NRB issued a circular to the banks asking them to make arrangements for opening dollar accounts… Continue reading NRNs allows opening bank account in Nepal with $1,000 deposit

Kathmandu: Nepal Oil Corporation (NOC) has again demanded money from the government to pay the Indian Oil Corporation (IOC) for petroleum products. The corporation has stated that it has written a request letter to the government to provide four billion rupees as they do not have enough money to purchase petroleum. The corporation has asked… Continue reading NOC wants 4 bn from govt to pay for fuel