Category: Finance

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

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

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

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

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

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

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

Kathmandu: Minister of Energy, Water Resources and Irrigation Pampha Bhusal has directed that there should be no shortage in the services provided by the Nepal Electricity Authority during the festival. While congratulating the high-level employees of the authority in the ministry, Minister Bhusal instructed them to work for the benefit of the common people and… Continue reading Energy Minister Bhusal directs to ensure enough electricity supply during festivals

Kathmandu: The process for Nepal-US two-way direct flight operation has started. According to the Civil Aviation Authority of Nepal (CAAN), a week ago, the Federal Aviation Administration of the United States sent preliminary correspondence for a two-way flight agreement. The Authority has submitted this draft to the Ministry of Culture, Tourism and Civil Aviation and… Continue reading Process begins for Nepal-US direct flight operation