Category: Finance

Kathmandu: Branches of commercial or ‘A’ class banks have reached 750 out of 753 municipalities across the country. Nepal Rastra Bank (NRB) had set a target of reaching at least one branch of a commercial bank in all the municipalities two years ago but it has not been able to reach branches in three municipalities… Continue reading Bank branches reach over 750 municipalities

Kathmandu: Nepal Oil Corporation (NOC) has again increased the price of petroleum products. The corporation has increased the price of cooking gas including diesel, petrol and kerosene with effect from 12 noon on Monday, said Binit Mani Upadhyaya, spokesperson of the corporation. Diesel, petrol and kerosene price has gone up by two rupees per liter.… Continue reading NOC increase Petrol and LP gas price

Kathmandu: The Nepal Telecomunication Authority (NTA) has directed the private mobile service provider Ncell to refund the fee charged for providing the service without the user’s permission. The board meeting of the Nepal Telecommunication Authority has directed Ncellto return Rs 1.11 billion. Ncell has been instructed to refund the amount collected from the customer through… Continue reading NTA directs Ncell to return Rs 1.11 billion to customer

Kathmandu: The government has decided to provide free electricity to the consumers who consume up to 20 units per month. Minister for Energy, Water Resources and Irrigation Pampha Bhusal told a press conference on Wednesday that the decision was taken by the Board of Directors of Nepal Electricity Authority. Currently, only those who consume up… Continue reading Govt not to charge electricity fee to those consuming up to 20 units

Kathmandu: The government is going to bring full budget for the current fiscal year 2021/22. Finance Minister Janardan Sharma has mentioned in his letter that he will present a bill in the parliament to replace the budget brought by the KP Sharma Oli-led government through an ordinance. It is mentioned in the white paper that… Continue reading Govt to announce new budget to replace ordinance

Kathmandu: Employees of the Nepal Airlines Corporation (NAC) have appealed to the Prime Minister to cancel the government’s initiative to transform NAC into a private company. Leaders of nine trade unions active within NAC met the Prime Minister on Wednesday and demanded to halt the decision to privatization of the corporation. They have also demanded… Continue reading Employee appealed PM to stop privatization of NAC

Kathmandu: The bullion market has entered into the digital payment system. Digital payment has been implemented in the bullion market after the Federation of Gold and Silver Dealer’s Association of Nepal and Gateway Payment Nepal signed an agreement for payment services. On Sunday, FeNeGoSiDA President Manik Ratna Shakya and Gateway Payment Nepal Advisor Ashok Krishna… Continue reading Digital payment in bullion market

WASHINGTON (AP): Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession. The total size of the economy has now surpassed its pre-pandemic level. Thursday’s report from the Commerce Department estimated that… Continue reading US economy surpasses pre-pandemic size with 6.5 pc Q2 growth

Kathmandu (Rasthriya Samachar Samiti): The Delegated Management and Government Assurance Committee of the National Assembly has directed the Government of Nepal to be serious about the fact that the youths who have passed the Language and Skills Examination under the Employment Permit System (EPS) have not been able to go to South Korea for work… Continue reading Govt directs to send workers to Korea through EPS

Kathmandu: Economist Bishwa Poudel has been appointed as the Deputy Chairman of the National Planning Commission. A meeting of the Council of Ministers held on Tuesday appointed young economist Bishwa Poudel as the vice-chairman. Poudel has already worked in the Planning Commission. Similarly, he has worked in the International Labor Organization too. A similar meeting… Continue reading Bishwa Poudel appointed as deputy chairman of Planning Commission