Category: Finance

Kathmandu: The Department of Passport has stopped the distribution of non-essential passports. The department has stopped distributing passports to the people except for essential services. The department has also suspended booking and token distribution recently. The department has stated that the passport will be issued on the basis of important reasons for going abroad. A… Continue reading Govt halt issuing passport

Kathmandu: The government has decided to close the cinema and gym hall till January 30, saying that the infection of Covid-19 is increasing. Minister for Communications Gyanendra Bahadur Karki informed that the cabinet meeting held on Friday decided to close the entertainment area till January 3 to reduce the congestion in public places. Similarlu, shopping… Continue reading Nepal govt announces to close cinema halls and gym centers

Kathmandu: The Confederation of Nepalese Industries (CNI) has urged the proposed ambassador to the United States to create an environment to play a role to bring investments from USA in Nepal. In a meeting with the confederation’s president Bishnukumar Agrawal and other officials, the proposed ambassador Shridhar Khatri was requested to work with the country’s… Continue reading CNI urges govt to attract investments from USA

Kathmandu: Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report. Global growth is expected to… Continue reading Global Growth to Slow through 2023: World Bank

Kathmandu: The tourism entrepreneurs have demanded the government not to halt the tourist activities compliance with the standards of public health. The Nepal Tourism Board (NTB) has held discussions with organizations and individuals concerned with the tourism sector as the transmission of the new variant Omicron of coronavirus is rising everyday. Private sector organizations and… Continue reading Entrepreneurs urge govt not to halt tourist activities

Kathmandu: Nepal Airlines Corporation (NAC), which is flying from Nepal to Hong Kong, has also canceled scheduled flights after Hong Kong banned flights. According to NAC, the Kathmandu – Hong Kong – Kathmandu sector flight has been canceled till January 19, 2022 due to Hong Kong’s health standards. Nepal Airlines has stated that this rule… Continue reading NAC halt flights to Hong Kong from Kathmandu

Kathmandu: The Medical Education Commission has formed a committee to study the additional fees charged by medical colleges. The commission has formed a team to monitor the medical colleges while students are protesting against the high fees charged by the medical colleges. Issuing a statement on Wednesday spokesperson for the Ministry of Education, Science and… Continue reading Govt forms inspection committee to investigate medical college fees

BEIJING (AP): American activists are appealing to Tesla Inc. to close a new showroom in China’s northwestern region of Xinjiang, where officials are accused of abuses against mostly Muslim ethnic minorities. Tesla on Friday announced the opening of its showroom in Urumqi, the Xinjiang capital, and said on its Chinese social media account, “Let’s start… Continue reading Activists urge Tesla to close new Xinjiang showroom

Kathmandu: A Memorandum of Understanding (MoU) has been signed between Nepal Electricity Authority (NEA) and Nepal Airlines Corporation (NAC). The MoU was signed by NEA Executive Director Kulman Ghising and NAC Executive Chairman Yubaraj Adhikari in the presence of Minister for Culture, Tourism and Civil Aviation Prem Bahadur Ale and Secretary Maheshwar Neupane. From now… Continue reading NAC to operate cargo flight for NEA

Kathmandu: A total of 150,962 tourists have visited Nepal in 2021. According to the Nepal Tourism Board this number is 80,000 less than in 2020. In 2020, 230,085 tourists visited Nepal. Outbreaks appear to be exacerbated during the early months of 2020. As a result, the number of tourists was higher in the first month… Continue reading 1.5 mn tourist arrives in 2021