Category: Finance

Kathmandu: India has urged Nepal to introduce two thousand Indian currency notes in circulation. Nepal Rastra Bank has stated that India has been repeatedly requesting to introduce 2,000 rate notes through the Ministry of Foreign Affairs. Indian travelers coming to Nepal are facing problems as the country is yet to approve two thousand notes of… Continue reading India requests Nepal to accept two thousand notes of Indian currency

Kathmandu: A discussion on MCC is scheduled to be held in the House of Representatives tomorrow. It is mentioned in the agenda of tomorrow’s meeting published by the Federal Parliament Secretariat that discussions on the MCC agreement will be taken forward. In the meeting to be held tomorrow at 1 pm, Prime Minister Sher Bahadur… Continue reading House of Representatives to discuss MCC on meeting tomorrow

Kathmandu: The government has signed a concessional loan agreement of Rs 2.14 billion with the World Bank to purchase vaccine against covid. The agreement was signed at the Ministry of Finance on Friday by Finance Secretary Madhukumar Marasini on behalf of the government and Faris Hadad-Jarvos, National Director for Maldives and Sri Lanka, including Nepal.… Continue reading 2.14 billion loan agreement with World Bank to purchase vaccine

Kathmandu: Nepal Rastra Bank has brought the new machine to destroy useless notes. Earlier, notes were destroyed manually by fire. Now the machine will destroy the note. Bank Note Shedding and Briquetting System (BSBS) has been brought into operation at its Biratnagar office with the objective of modernizing and mechanizing the laundry. On Friday, Governor… Continue reading NTB brings new technology to destroy useless notes

Kathmandu: Commercial flights have started at Falgunanda Sukilumba Airport in Ilam. In coordination with Ilam Municipality, Tara Air has started regular flights in the Kathmandu-Ilam route. Tara Air flew the flight in collaboration with Nepal Tourism Board, Ilam Municipality and tourism entrepreneurs. Flights have been scheduled for twice a week, on Sunday and Thursday.

Kathmandu: The grant agreement between the US aid agency Millennium Challenge Corporation (MCC) and the Government of Nepal has been tabled in the House of Representatives 32 months after it was registered in the Millennium Challenge Compact Parliament. On behalf of Finance Minister Janardan Sharma, Information Technology and Communications Minister Gyanendra Karki table the agreement… Continue reading MCC table in Parliament

Kathmandu: The long-awaited calibration flight has started on Friday at Gautam Buddha International Airport. Aerothai’s special aircraft, including technicians, has conducted a test flight for 10 days to check whether the equipment connected to the communication, navigation and surveillance at the airport is working smoothly. Aerothai’s team will stay in Bhairahawa till February 27. The… Continue reading Calibration flight begins at Gautam Buddha Intl Airport

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