Category: Finance

Kathmandu: Commercial flights will start from Bhairahawa-based Gautam Buddha International Airport from May 16 next year. The Civil Aviation Authority of Nepal (CAAN) has fixed the date of a commercial flight from Gautam Buddha International Airport for the upcoming Buddha Purnima. The calibration flight will start from this airport on Friday. A Euro Thai Aircraft… Continue reading Commercial flights to begin at Gautam Buddha Intl airport from May 16

Kathmandu: Nepal Electricity Authority (NEA) has decided to blacklist China’s Zhejiang-based transformer manufacturer JCB. NEA has decided to blacklist JCB after repeated problems were seen in the company’s power transformer. In a few days, NEA will recommend the company to be blacklisted in the Public Procurement Monitoring Office. Power transformers have a large capacity to… Continue reading NEA decides to blacklist JCB

Kathmandu: Himalaya Airlines has resumed its flight to Saudi Arabia from Nepal. Himalaya Airlines had halted operating its flights to/from Dammam and Riyadh from 9 to 12 February 2022.Now that Saudi Civil Aviation has started issuing flying permissions, regular flights for the above-mentioned sectors have been resumed 13 February 2022, Sunday onwards.

Kathmandu: Night businesses have resumed from today. Due to the risk of coronavirus (Covid-19) infection, the government had halted night businesses earlier. As per the decision made by the District Administration Office, Kathmandu last week, night business has been resumed from today. Night businesses includes dance bar, rehearsal halls, dance halls, lounge, pub and club.… Continue reading Night business to resume from today

Kathmandu: The government has formed a special task force to control online network marketing and crypto transactions. A six-member task force has been formed headed by the head of the revenue division of the finance ministry. The other members of the task force are senior officials from the Asset Laundering Department, Revenue Investigation Department, Nepal… Continue reading Govt forms special task force to control crypto transactions and network marketing

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