Category: Finance

Kathmandu: The Commission for the Investigation of Abuse of Authority (CIAA) has raided the Department of Passport (DoP) following allegations of irregularities linked to server hacking and issues in the printing of e-passports. The raid, conducted last Thursday, resulted in the seizure of all relevant documents, according to CIAA sources. The investigation centers on a… Continue reading CIAA raids Department of Passport over e-Passport irregularities

Kathmandu: The European Union (EU) has once again imposed a flight ban on all Nepalese airlines, preventing them from operating in European airspace. This decision is included in the latest update of the EU’s “Safety List,” which lists airlines and aviation service providers deemed unsafe to fly in European skies. The ban applies to all… Continue reading European Union continues flight ban on all Nepali airlines

Kathmandu: Rajbiraj Airport is set to commence night operations starting December 16, following the successful installation of a new instrument flight landing system (ILS) that enables safe flying in low visibility conditions. The Civil Aviation Authority of Nepal (CAAN) announced the milestone after Buddha Air conducted a test flight on Friday, with the participation of… Continue reading Rajbiraj airport to begin night flights after installation of advanced landing technology

Kathmandu: The World Bank’s Board of Executive Directors has approved a $100 million development policy operation (DPO) to help Nepal advance its green, resilient, and inclusive development goals. This marks the second of a three-part program aimed at strengthening the enabling environment for Nepal’s sustainable development. David Sislen, World Bank Regional Country Director for the… Continue reading World Bank approves $100 million to support Nepal’s green and inclusive development

Kathmandu: Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCBCI), urged South Asia to reconsider its trade policies to protect vulnerable sectors while promoting green and inclusive growth. Speaking at the closing of the 15th South Asia Economic Summit on Friday, Dhakal highlighted the region’s slow progress in economic… Continue reading FNCBCI President calls for rethink in South Asia’s trade policies

Kathmandu: Operating hours at Tribhuvan International Airport (TIA) will be extended by two hours starting next month, following a month and a half of limited 14-hour operations. Civil Aviation Authority of Nepal (CAAN) announced that the airport, which has been closed from 10:00 pm to 8:00 am since November 8 for taxiway expansion, will now… Continue reading TIA to extend operating hours by 2 hours starting next month

Kathmandu: The Government of Nepal’s financial performance for the first four months of the fiscal year 2024/25 has shown significant growth in both expenditure and revenue, according to the latest data released by the Ministry of Finance and the Financial Comptroller General Office (FCGO). Total government expenditure during this period reached Rs. 415.02 billion, marking… Continue reading Nepal govt’s expenditure hits Rs. 415.02 billion in Q1 FY 2024/25

Kathmandu: The Asian Development Bank (ADB) has agreed to provide a concessional loan and grant totaling NPR 21.23 billion to Nepal for the implementation of a new advanced irrigation project. The agreement, signed on Wednesday between Nepal’s Ministry of Finance and ADB, will fund the latest mechanical irrigation initiative. Under the agreement, ADB will provide… Continue reading ADB provides concessional loan and grant Rs. 21.23 bn to Nepal for irrigation projects

Kathmandu: The Embassy of the Republic of Korea in Nepal hosted the 2024 Korea-Nepal Agriculture Cooperation Seminar in Kathmandu on December 8, celebrating the 50th anniversary of diplomatic relations between the two nations. The seminar focused on the expanding collaboration between South Korea and Nepal in the agricultural sector, following the signing of a bilateral… Continue reading Korea-Nepal Agriculture Cooperation Seminar marks 50th anniversary of diplomatic ties

Kathmandu: Flights were halted at several airports in Nepal’s eastern region on Tuesday due to heavy fog, causing widespread disruptions. Most flights could neither take off nor land until around 12 noon, leaving passengers stranded and causing significant delays. According to Tribhuvan International Airport (TIA) officials, airports in Janakpur, Simara, Bhadrapur, Biratnagar, Chandragadhi, Rajbiraj, and… Continue reading Heavy fog disrupts flights across eastern Nepal