Category: Finance

Kathmandu: Nepal has made significant strides in implementing fiscal federalism while key reforms are needed to support fiscal sustainability and Nepal’s transition towards green, resilient, and inclusive development states the World Bank’s Public Expenditure Review (PER) Report on Fiscal Policy for Sustainable Development launched today. With the country’s transition to federalism, expenditure responsibilities have been… Continue reading New World Bank Report Underlines Reforms to Support Fiscal Federalism, Green Growth in Nepal

Kathmandu: Qatar has agreed to review labor agreement with Nepal during the fourth meeting of the Nepal-Qatar Joint Committee held in Kathmandu on Friday. According to the Ministry of Labor, Employment and Social Security, in the meeting, the Qatari side agreed to move ahead as per Nepal’s proposal for the socio-economic reintegration of Nepalis who… Continue reading Qatar agrees to review labor agreement

Kathmandu: Department of Customs (DoC) has stated that illegal gold are being imported in Nepal through passengers returning from abroad for who were migrated for foreign employment and other work. The department published a notice on Sunday stating that gold was being hidden in flashlights, irons, mixers, radios, speakers and water pumps without the knowledge… Continue reading Passengers returning from abroad bring illegal gold: DOC

Kathmandu (Rashtriya Samachar Samiti): Nepal Rastra Bank (NRB) has signaled to halt increasing silver imports. The central bank today reviewed the monetary policy for the current fiscal year and indicated that it will tighten silver imports. NRB has stated that provision has been made to provide an exchange facility for importing silver only up to… Continue reading NRB signals to tighten silver import

WASHINGTON (AP): The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last year’s coronavirus recession. Jobless claims dropped by 71,000 to 199,000, the lowest since mid-November 1969. But seasonal adjustments around the… Continue reading US jobless claims hit 52-year low after seasonal adjustments

Kathmandu: Nepal Tourism Board (NTB) in association with the Nepal Association of Tour and Travel Agents (NATTA) has successfully completed the Nepal Sales Mission to Bangladesh in the capital city of Bangladesh on Nov. 23, 2021.Fourteen Tour Operators from Nepal interacted and exchanged business propositions with more than 50 Bangladeshi Tour Operators in a one-day… Continue reading Nepal Sales Mission to Bangladesh Concludes

Mustang (Rashtriya Samachar Samiti): Apple production has increased in Mustang this year. According to the Agriculture Knowledge Center, apple production in Mustang has increased by nine percent compared to last year. Chief of the office, Prakash Bastakoti, said that Mustang produced 5,100 metric tonnes of apples last year and 5,564 metric tonnes of apples this… Continue reading Apple production in Mustang increased by 9 percent

Kathmandu: President Bidhya Devi Bhandari has said that electric vehicles should be operated for the prosperity of Kathmandu. President Bhandari also clarified that the use of electric vehicles is essential to reduce the burden of petroleum products in the country, reduce air pollution and make Kathmandu clean and tidy. Inaugurating the reconstructed Gyanmala Bhajan Khala… Continue reading President Bhandari stress on operation of electric vehicle

Kathmandu: The UK Government has expressed its desire to employ skilled staff nurses from Nepal. Discussions have been initiated with the Ministry of Labor, Employment and Social Security regarding the transfer of around 10,000 nurses to the UK for employment. According to the ministry, coordination is underway as the UK only wants to bring in… Continue reading UK govt proposes to take 10,000 Nepali nurses for employment

Kathmandu: Chairman of the CPN-Maoist Center and former Prime Minister Pushpa Kamal Dahal ‘Prachanda’ and visiting US Assistant Secretary of State Donald Lu have held a courtesy meeting. During a meeting at Singha Durbar on Friday, US Assistant Secretary of State Lu urged President Prachanda to reach an early decision on the US Grants Agreement… Continue reading US Assistant Secretary of State urges Prachanda to take quick decision on MCC