Kathmandu: The Asian Development Bank (ADB) has agreed to provide a loan of about Rs. 20 billion to Nepal to purchase the corona vaccine. The loan will help run Nepal’s corona vaccination campaign and supply system, the ADB said in a statement on Thursday. According to the ADB, an estimated 15.9 million doses of the… Continue reading ADB to provide around Rs 20 bn loan to purchase corona vaccine
Category: Finance
Online payment of transportation taxes from tomorrow
Kathmandu: Transport-related taxes/revenues of Bagmati Pradesh can be paid electronically from tomorrow “Friday”. The Bagmati province government has made arrangements to pay revenue including license fee, vehicle tax, blue book renewal fee, and fine via the online platform. Ministry of Physical Infrastructure Development of Bagmati Province has stated that all taxes related to transportation can… Continue reading Online payment of transportation taxes from tomorrow
Finance Minister’s first decision: 5 billion budget agreement to purchase covid vaccine
Kathmandu: The Ministry of Finance has signed a budget agreement of Rs 5 billion to the Ministry of Health and Population to purchase the covid vaccine. Finance Minister Janardan Sharma has submitted a total of four files during his inauguration on Wednesday. In one of the files, the budget agreement was to be given to… Continue reading Finance Minister’s first decision: 5 billion budget agreement to purchase covid vaccine
NOC reduce fuel price
Kathmandu: Nepal Oil Corporation (NOC) has reduced the price of petroleum products at normal rates. The price has been reduced after talks with the agitating United Students’ Organization on the issue of price rise. As per the decision of the corporation’s board of directors, the retail price of petrol and diesel/kerosene has been reduced by… Continue reading NOC reduce fuel price
Newly appointed Prime Minister Deuba takes oath
Kathmandu: Newly appointed Prime Minister Sher Bahadur Deuba has taken oath of office and secrecy. President Bidya Devi Bhandari administered the oath of office in a ceremony at Rashtrapati Bhawan, Shital Niwas this evening. Congress Chairman Deuba had objected to the language of appointment even though he was preparing to take oath at 6 pm.… Continue reading Newly appointed Prime Minister Deuba takes oath
Nepal-India signs agreement for railway service
Kathmandu: Nepal and India have signed a Letter of Exchange (LoE) to the Nepal – India Rail Services Agreement (RSA) 2004. Organizing a virtual ceremony today to signed copies of the LoE, between the two governments. From the Indian side, the ceremony was led by Sanjay Kumar Mohanty, Member (Operations and Business Development), Ministry of… Continue reading Nepal-India signs agreement for railway service
Private dairy industry seeks concessional loans from govt
Kathmandu: Private sector dairy farmers have demanded concessional loans from the government. In a press release issued on Wednesday, the Nepal Dairy Industry Association demanded a soft loan of up to Rs 100 million for 10 years. Not long ago, the government had provided a concessional loan of Rs 200 million to the state-owned dairy… Continue reading Private dairy industry seeks concessional loans from govt
Fuel price increases
Kathmandu: The price of all fuels including cooking LP gas has gone up. Nepal Oil Corporation has increased the price of cooking LP gas, petrol, diesel, kerosene and aviation fuel with effect from last night. The corporation has increased the price of gas by Rs 25 per cylinder, petrol by two rupees per liter, diesel… Continue reading Fuel price increases
Bankers Association demands to give broker license to the bank
Kathmandu: The Bankers’ Association has demanded that banks be given broker licenses. Suggesting to the Nepal Rastra Bank for the coming monetary policy for the coming fiscal year, they have said that there should be an initiative to give broker license to the banks. In some countries, banks have been acting as securities brokers. As… Continue reading Bankers Association demands to give broker license to the bank
World Bank agrees to provide $150 mn for resilient recovery from Covid-19
Kathmandu: The Government of Nepal and the World Bank today signed a $150 million (Rs. 17.78 billion) concessional loan agreement to support Nepal’s resilient recovery from the COVID-19 pandemic, protect the most vulnerable, and support sustainable growth. The agreement was signed by the Finance Secretary, Sishir Kumar Dhungana on behalf of the Government of Nepal… Continue reading World Bank agrees to provide $150 mn for resilient recovery from Covid-19