Category: Finance

Kathmandu: Finance Minister Janardan Sharma has resigned from his post. He resigned on a meeting of the House of Representatives on Wednesday. Sharma resigned after being accused of making a serious mistake by introducing an unauthorized person while manipulating tax rates during budget formulation. After the parliament formed an 11-member inquiry committee to probe him… Continue reading Finance Minister resigns after cctv footage controversy

Kathmandu: Nepal Oil Corporation (NOC) has increased the prices of petrol, diesel, kerosene and domestic aviation fuel. On Monday evening, the Oil Corporation issued a statement raising the price of petrol by Rs 2 per liter, diesel and kerosene by Rs 9 per liter and domestic aviation fuel by Rs 5 per liter. With this… Continue reading NOC hike petrol price by Rs 2 per liter

Kathmandu: Nepal Oil Corporation (NOC) has sent various 10-point proposals to the government to reduce fuel consumption. The corporation has sent a proposal to the Ministry of Industry, Commerce and Supplies to distribute up to five liters of fuel to motorcycles and up to 20 liters to cars and jeeps at a time to reduce… Continue reading NOC suggests govt to reduce fuel consumption

Kathmandu: Nepal has started informal talks with India to purchase fuel in cheap price. It has been said that the talks were held on the assumption that India could supply such fuel to Nepal as it was buying cheap fuel from Russia and other countries. The country has been suffering from the price hike on… Continue reading Nepal govt held informal meeting with Indian representatives to purchase fuel on cheap price

Kathmandu: Thai Smile Airways, a Thai airline, has started flying on the Bangkok-Kathmandu-Bangkok route. According to the company, one daily flight will be operating on this route. The company has flown Airbus 320 with 150 seats in economy class and 12 seats in premium economy class with a total capacity of 162 seats. Thai Smile… Continue reading Thai Smile begins flights in KTM-Bangkok route

Kathmandu: The World Bank today approved $1.03 billion of financing to help improve regional trade in Bangladesh and Nepal by reducing trade and transport costs and transit time along the regional corridors. The Accelerating Transport and Trade Connectivity in Eastern South Asia (ACCESS) Program Phase 1 will help the respective governments address the key barriers… Continue reading Regional trade and connectivity in South Asia gets more than $1 Billion boost from World Bank

Kathmandu: Nepal Oil Corporation (NOC) has reduced fuel price. As per the decision of the ruling coalition, the Nepal Oil Corporation has reduced the price of petroleum products. The Board of Directors meeting held on Saturday has decided to reduce the price. The corporation has reduced the price of petrol by Rs 20 per liter… Continue reading NOC reduce petrol price by Rs 20 per liter

Kathmandu: The Election Commission (EC) has warned to take action against the candidates who do not submit the expenditure details of the local elections. The commission has directed the district and regional election offices to prepare the details of the candidates who submit the expenditure details and send them to the commission with the recommendation… Continue reading Commission warns to take action against candidates who do not submit their local election expenditure

(BBC): Prices are continuing to rise at their fastest rate for 40 years with food costs, particularly for bread, cereal and meat, climbing. UK inflation, the rate at which prices rise, edged up to 9.1% in the 12 months to May, from 9% in April, the Office for National Statistics (ONS) said. Fuel and energy… Continue reading UK inflation rises at fastest rate for 40 years as food costs jump

Kathmandu: The NADA Automobiles Association has demanded to lift ban on the import of vehicles. The NADA delegation called on Minister for Industry, Commerce and Supplies Dilendra Prasad Badu and demanded lifting of the ban on import of vehicles. NADA has demanded that the ban on imports of private vehicles such as cars, jeeps and… Continue reading NADA demands to lift ban on vehicle import