Category: Finance

Kathmandu (Rashtriya Samachar Samiti): Recently uses of electronic transaction has been increasing drastically. The significant increase in such transactions is due to the development of electronic payment infrastructure, incentives for transactions and increasing practice of citizens using modern equipment. According to the latest data compiled by the Nepal Rastr Bank, more than Rs 48.45 trillion… Continue reading Complaints of fraud through electronic transactions increase: NRB urges to remain alert

Kathmandu: Demand for red roses have increased ahead of Valentine’s day. As the local production is very low, 50,000 more red roses will be imported from India for Valentine’s Day this year compared to the last year. Due to the corona infection, traders have not invested much in the business for the past two years… Continue reading Demand for red rose rises ahead of Valentine’s day

Kathmandu: The new labor law implemented by the UAE government has come into force from today, February 2. According to the old labor law of UAE, there were two types of contract agreement, limited and unlimited. But the new labor law only specifies a limited contract. During the first six-month probationary period, the employer could… Continue reading UAE imposes new laws for immigrant workers

Kathmandu: The Government of India has allocated 7.5 billion Indian rupees (12 billion Nepali rupees) in the budget for the fiscal year 2022/23.This is less than the amount allocated in the previous year’s budget. Last year’s budget had allocated IRs 9.92 billion. In the same year, India revised the amount to IRs 6.5 billion. However,… Continue reading India allocates grant worth Rs 12 billion for Nepal

Kathmandu: The committee formed to investigate the Chief Executive Officer (CEO) of Nepal Tourism Board, Dhananjay Regmi, has submitted its report to the board. A report submitted by the committee formed under the coordination of the board’s vice-chairman Chandra Rijal to the board’s chairman and tourism secretary Maheshwar Neupane on Monday concluded that CEO Regmi… Continue reading Investigation committee found CEO of NTB guilty

Kathmandu: Police have arrested 74 people for playing online gambling (bingo) at a restaurant near Boudha, Kathmandu. Subhash Ghising, 30, of Dolakha, now living in Baneshwor, was arrested on Sunday evening at his restaurant by a team from the Metropolitan Police and Police Circle Boudha, police said in a statement. Police arrived on a special… Continue reading Nepal police arrests 74 people for online gambling

Kathmandu: Three private sector organizations have jointly protested against the corruption case filed by the Commission for Investigation of Abuse of Authority against the cement industry. On Monday, the Federation of Nepalese Chambers of Commerce and Industry, the Confederation of Nepalese Industries and the Nepal Chamber of Commerce issued a joint press release protesting the… Continue reading Pvt sector expresses dissatisfaction over corruption case against cement industries

Kathmandu: The cabinet meeting held on Monday fixed the support price of milk at Rs 56.04 per liter for farmers. Earlier, the price of raw milk was Rs 49.52 per liter. At present, the price has increased by 13.17 percent or Rs 6.52 per liter. The price of processed milk for consumers will be fixed… Continue reading Cabinet decides to raise milk price by 13.17 pc in Nepal

Kathmandu: A meeting of the House of Representatives scheduled for Sunday has been postponed to stop the US-backed Millennium Challenge Compact (MCC) from presenting in the parliament. The meeting of the House of Representatives was scheduled for 1 pm on Sunday. Speaker Agni Prasad Sapkota had also called a meeting of the Business Advisory Committee… Continue reading Parliament meeting postponed to halt MCC procedures

Kathmandu: The government will provide 24-hour service from the call center, that will listen to all labor-related grievances, including foreign employment. Minister for Labor, Employment and Social Security Krishna Kumar Shrestha inaugurated the 24-hour extension of the call center at the Ministry of Labor, Employment and Social Security in Singha Durbar on Sunday. Complaints can… Continue reading Labour ministry begins 24 hours call center service