Category: Finance

Kathmandu: Airline operators have disageed the government’s decision of fuel price hike. Issuing a statement on Sunday, Airline Operators Association of Nepal (AOAN), the airline operators have expressed their disagreement with the fuel price hike. Internally, the Nepal Oil Corporation had decided to increase the price of aviation fuel by Rs 10 per liter. The… Continue reading Airline operators against of fuel price hike

Kathmandu: The government has again increased fuel prices. The Nepal Oil Corporation has increased the prices of petrol, diesel, kerosene and aviation fuel including cooking gas with effect from last night. As the price of petroleum products continues to rise in the international market, the corporation has fixed the price of petrol at Rs. 133… Continue reading NOC raise prices of petrol, diesel and gas

Kathmandu: The Nurturing Excellence in Higher Education Program (NEHEP) was jointly launched on October 26 by the University Grants Commission, Ministry of Education, Science and Technology, and the World Bank.The five-year program aims to improve the quality and labor market relevance of Nepal’s higher education, scale up collaborative research and online learning, and expand access… Continue reading Government of Nepal and the World Bank Launch $60 million Nurturing Excellence in Higher Education Program

Kathmandu: The government has formed a task force under the coordination of Home Ministry Secretary Teknarayan Pandey to study the damage caused to the paddy crop due to unseasonal rains and submit a report within three days. The cabinet meeting held on Monday formed a working group comprising Secretary of the Ministry of Home Affairs,… Continue reading Govt forms a taskforce to study flood damage

Kathmandu: The loss of Nepal Oil Corporation has skyrocketed due to increase in the price of petroleum raw material in the international market. In the last 15 days alone, more than Rs 2.22 billion loss has been projected. The corporation had incurred a loss of Rs 4 billion last year for the first time in… Continue reading NOC faces loss worth 2.22 bn in last 15 days

Kathmandu: Banks and financial institutions have reopened after the end of the Dashain holiday. All the banks and financial institutions have been reopen from today. According to Nepal Rastra Bank, there will be regular transactions in all banks from today. Banks were closed all over the country, including the Kathmandu Valley during the festive holiday.

Kathmandu: The list of 1,175 workers shortlisted to go to Israel has been made public. The Department of Foreign Employment had sent to the Israeli government the names of 1,600 people who had passed the language and interview exams among those who wanted to go to Israel for employment. The Population and Immigration Authority of… Continue reading 1,175 workers selected to go to Israel

Kathmandu: Stakeholders have urged the government that the youth can be attracted toward start-up businesses if only the government ease loan process. In a discussion held at the Ministry of Finance on Friday, stakeholders have come to the conclusion that cumbersome procedures cannot promote start-ups. On the occasion, it was emphasized that the procedure should… Continue reading Agreement to simplify start-up business loan procedures

Kathmandu: A gradual recovery is underway in Nepal, boosted by the lifting of containment measures as vaccination picks up and tourism and migrant worker flow recover. The economy is expected to grow by 3.9 percent in FY22, an improvement over 1.8 percent growth in FY21, but still below pre-pandemic growth averages, according to World Bank’s… Continue reading Services-led Growth Key to Nepal’s Green, Resilient, and Inclusive Development

Kathmandu: Three major private sector organizations have urged parties to ratify the Millennium Challenge Corporation (MCC) agreement, a US aid project. The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI) and the Nepal Chamber of Commerce (NCC) on Wednesday issued a joint press release demanding immediate implementation of… Continue reading Pvt sector urges govt to ratify MCC