Category: Finance

(BBC): North Korea’s leader Kim Jong-un has said the faltering economy will be the national priority this year as the country faces a “great life-and-death struggle”. He was speaking at the end of a key ruling party meeting, which coincides with him being in power for 10 years. A self-imposed coronavirus blockade has left North… Continue reading North Korea to focus on economy in 2022

Kathmandu: Domestic airline company Guna Airlines is preparing to operate regular flights on the Kathmandu-Surkhet-Kathmandu route from next Sunday. This is the 9th destination designated by the company from Kathmandu. From Kathmandu, Guna Airlines currently flies to Bharatpur, Pokhara, Tumlingtar, Bhairahawa, Nepalgunj, Biratnagar, Simara and Janakpur. Currently the company has a total of seven aircraft… Continue reading Guna Airlines to begin Kathmandu-Surkhet flight from Sunday

Kathmandu: Heavy snowfall has blocked both the major ports of Nepal-China. The import of goods from both Rasuwagadhi Kerung and Tatopani Khasa has been blocked since Thursday evening. According to the Tatopani Customs Office, it has become difficult to send the cargo container immediately due to the snowfall while some containers supposed arrive Nepal were… Continue reading Snow blocks both trade ports connecting China

Kathmandu: A narrow-body aircraft of Nepal Airlines Corporation (NAC) has been grounded due to technical problems. According to NAC narrow-body A320 aircraft 9N-AKW has been grounded. The plane landed on a flight from Kathmandu to Doha and had an engine problem while being taken to the parking lot. The problem has been identified in the… Continue reading NAC grounded narrow body aircraft

Baitadi (Rashtriya Samachar Samiti): Civil Aviation Authority of Nepal (CAAN) has allocated Rs 15 million to upgrade Baitadi airport. A meeting held on chairmanship of Tourism Minister Prem Bahadur Ale, the CAAN has allocated budget to upgrade domestic airports across the country.The meeting has decided to allocate Rs one billion for Dhangadhi airport, Rs 26.5… Continue reading CAAN allocates Rs 15 mn to upgrade airport

Kathmandu: Nepal Electricity Authority (NEA) has reduced the leakage in the system to 14.35 percent in the first four months of the current Fiscal Year 2078/07. NEA has managed to reduce the leakage of system from 17.18 percent in the last fiscal year by 2.83 percentage points to 14.35 percent in the last four months… Continue reading Electricity leakage dropped to 14.35 percent in four months

Kathmandu: Prime Minister and Nepali Congress President Sher Bahadur Deuba has said that those who say that the US aid project is treasonous have not read the agreement properly. Extending his message during the inauguration of the eighth general convention of the CPN (Maoist Center), Prime Minister Deuba said that MCC is not a traitor… Continue reading PM Deuba claims MCC is not against the country’s welfare

Kathmandu: In partnership with Nepal’s online payment service provider ‘Khalti’, Tilathi Koiladi Rural Municipality is providing agricultural meter tariff and household electricity tariff to about 4,500 farmer families in its area for using electronic equipment for irrigation and agricultural purposes. Located at the south-eastern part of Saptari District, Tilathi’s farmers used to be engaged in… Continue reading Tilathi Koiladi Rural Municipality to distribute financial grant to farmer jointly with Khalti digital wallet

Kathmandu: The Nepal Army has decided to provide concessional loans for the construction of houses to its employees who have served for at least 10 years. On Wednesday, Chief of Army Staff Prabhuram Sharma inaugurated the program at the Army Headquarters. So far, 20 people have applied for home loan under this facility and 7… Continue reading Nepal Army to provide home loans to army personale

Kathmandu: The Joint Trade Union Struggle Committee has objected to the addition of unnecessary employees in the contract of the Nepal Airlines Corporation (NAC), which is collapsing financially. The committee has objected that some people have been recruited in the passenger service department, operations department, general service and property management department in the corporation on… Continue reading Trade union warns NAC not to hire unnecessary staff