Category: Finance

Kathmandu: Six South Asian nations, including India, are set to benefit from a new $21.5 million (EUR 18 million) funding from the European Union (EU), which will help to accelerate climate-smart, inclusive infrastructure investments in their regions. IFC, the largest global development institution, focused on the private sector in emerging markets, will implement the project… Continue reading EU and IFC Establish a New Partnership for South Asia

Kathmandu: Finance Minister Janardan Sharma has said that the ministry is under pressure as the demand for the election is five times more than the amount allocated for the election in the current fiscal year’s budget. Announcing the half-yearly review and evaluation report of the current fiscal year’s budget at the Ministry of Finance on… Continue reading 50 bn demand for local elections

Kathmandu: Remittances from abroad have declined in the first six months of the current fiscal year.Remittances, which started declining from the first month of the current fiscal year, have also declined in the sixth month, stated the Nepal Rastra Bank. According to the six-month data released by Nepal Rastra Bank on Wednesday, remittance inflows declined… Continue reading Remittances decline by 5.5 pc in last six months

Kathmandu: The Department of Tourism has directed to close Hotel Yak & Yeti and its casino at Durbar Marg, Kathmandu. The Department of Tourism has directed to close the hotels and casinos, saying that the royalty and license renewal fee of Rs 42 million is yet to be paid by the hotel and casino. DoT… Continue reading Tourism Minister directs to close Hotel Yak & Yeti

Kathmandu: A parliamentary committee has decided to investigate the price hike on petroleum. The Committee for the Implementation, Monitoring and Evaluation of the Directive Principles, Policies and Responsibilities of the provinces under the Federal Parliament has formed a sub-committee headed by MP Durga Poudel to investigate the rise in prices of petroleum products. The committee… Continue reading Parliamentary committee to investigate price hike on fuel

Kathmandu: Minister for Culture, Tourism and Civil Aviation Prem Bahadur Ale has requested European Union (EU) to remove Nepal from it’s air safety list. During a courtesy call on EU Ambassador to Nepal Nona Deprez at the Ministry today, Minister Ale requested for assistance to remove Nepal from the air safety list as Nepal is… Continue reading Tourism Minister requests EU to remove Nepal from it’s air safety list

Kathmandu: Representatives of the Nepal-Korea Culture Center have demanded Minister for Culture, Tourism and Civil Aviation Prem Bahadur Ale to operate direct flights between Nepal and Korea through Nepal Airlines Corporation. During a meeting held at the Ministry on Saturday, the Director of Nepal-Korea Culture Center Korea demanded that direct flights should be operated by… Continue reading Korea express interest to operate direct flights to Nepal

Kathmandu (Rashtriya Samachar Samiti): Recently uses of electronic transaction has been increasing drastically. The significant increase in such transactions is due to the development of electronic payment infrastructure, incentives for transactions and increasing practice of citizens using modern equipment. According to the latest data compiled by the Nepal Rastr Bank, more than Rs 48.45 trillion… Continue reading Complaints of fraud through electronic transactions increase: NRB urges to remain alert

Kathmandu: Demand for red roses have increased ahead of Valentine’s day. As the local production is very low, 50,000 more red roses will be imported from India for Valentine’s Day this year compared to the last year. Due to the corona infection, traders have not invested much in the business for the past two years… Continue reading Demand for red rose rises ahead of Valentine’s day

Kathmandu: The new labor law implemented by the UAE government has come into force from today, February 2. According to the old labor law of UAE, there were two types of contract agreement, limited and unlimited. But the new labor law only specifies a limited contract. During the first six-month probationary period, the employer could… Continue reading UAE imposes new laws for immigrant workers