Category: Finance

Kathmandu: Chhabilal Joshi and Ram Bahadur Khanal, former directors of Gorkha Media, who were arrested for allegedly embezzling funds from a cooperative, have been moved from Pokhara to Parsa for further questioning. The two suspects, accused of defrauding a cooperative in Parsa, were transferred to Birgunj on Sunday evening after an arrest warrant was issued… Continue reading Rabi Lamichhane to be moved to Parsa for embezzlement probe

Kathmandu: PATA Nepal Chapter actively participated in the Guangzhou International Travel Fair (GITF) and the NICE 2025 Roadshow in China, engaging with over 250 outbound tour operators and media representatives. The events, held in Guangzhou on December 2 and Shenzhen on December 4, provided an ideal platform to promote Destination Nepal and the upcoming Nepal… Continue reading PATA Nepal Chapter promotes Nepal tourism and NICE 2025 at GITF and roadshow in China

Kathmandu: The Special Court has convicted four individuals in a corruption case related to the procurement of two wide-body Airbus A330 aircraft by Nepal Airlines Corporation (NAC). The convicted include Shankar Prasad Adhikari, the former NAC Chairman and Tourism Secretary, Sugat Ratna Kansakar, the former NAC Managing Director, and two former NAC Board members, Buddhi… Continue reading Special Court convicts 4 in corruption case over NAC Wide-Body aircraft procurement

Kathmandu: The Chinese government has announced a grant aid of 500 million RMB (approximately 9 billion Nepali Rupees) to Nepal. The announcement was made during a meeting between Nepal’s Prime Minister KP Sharma Oli and China’s President Xi Jinping. According to a statement by the Ministry of Foreign Affairs, the meeting between Prime Minister Oli… Continue reading China announces grant aid of Rs. 9 billion to Nepal

Kathmandu: Nepal and China have officially signed the much-anticipated Belt and Road Initiative (BRI) Cooperation Framework in Beijing on Wednesday. The agreement, which government officials believe will pave the way for the implementation of BRI projects in Nepal, was signed during the visit of Prime Minister KP Sharma Oli to China. The announcement was confirmed… Continue reading Nepal-China sign Belt and Road Initiative (BRI) Cooperation Framework

Kathmandu: Nepal India China Expo (NICE) 2025, a landmark tri-nation event, will take place from February 24 to 26, 2025, at the Pokhara Event Center in Nepal’s tourism capital, Pokhara. Organized by the PATA Nepal Chapter in collaboration with the Nepal Tourism Board (NTB), the Ministry of Industry and Tourism (Gandaki Province), Pokhara Metropolitan City,… Continue reading Nepal India China Expo (NICE) 2025 to be held in Pokhara

Kathmandu: Nepal Rastra Bank (NRB) has published the first quarterly review of the monetary policy for the fiscal year 2024/25, confirming the continuation of the policy framework announced in mid-July. The NRB has stated that the current monetary policy aims to support the expansion of economic activities while ensuring price stability and external sector stability.… Continue reading NRB maintains Monetary Policy for FY 2024/25 in quarterly review

Kathmandu: Nearly two years after its inauguration, the Pokhara Regional International Airport (PRIA) is preparing to host its first regular international flight. Himalaya Airlines, a Nepal-China joint venture, has announced plans to operate flights between Pokhara and Lhasa, China, with the first flight expected to take off in the first week of January 2025. Although… Continue reading PRIA set to host first regular international flight

Kathmandu: Nepal Electricity Authority (NEA) has announced that it will not disconnect electricity supply to industries with overdue payments, reversing earlier plans to take such action. A meeting of the NEA’s Board of Directors, held Wednesday under the chairmanship of Energy, Water Resources, and Irrigation Minister, decided to halt the planned disconnections after receiving directives… Continue reading NEA decides against power cut for defaulting industries following ERC Directive

Kathmandu: The price of gold in the domestic market decreased by Rs 2,600 per tola on Tuesday, settling at Rs 148,700 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Associations. This follows a significant decline of Rs 15,900 per tola on Monday, which was attributed to the government’s decision to reduce… Continue reading Gold prices drop by Rs 2,600 per tola in Nepali market