Category: Finance

Kathmandu: Remittance inflows have increased by 19.2 percent to Rs.809.89 billion in the first 10 months of the current fiscal year against a decrease of 6.3 percent in the same period of the previous year.The net transfer has increased by 17.2 percent to Rs.903.77 billion in the review period. Such a transfer had decreased 6.9… Continue reading Remittances increase by 19.2 pc in last 10 months

Reuters: The Group of Seven rich nations will announce on Saturday a new global infrastructure plan as a response to China’s belt and road intiative, a senior official in U.S. President Joe Biden’s administration said. The official, who spoke to reporters on condition of anonymity, said the United States would also push the other G7… Continue reading G7 to counter China’s belt and road with infrastructure project – senior US official

Kathmandu: The global economy is expected to expand 5.6 percent in 2021, the fastest post-recession pace in 80 years, largely on strong rebounds from a few major economies. However, many emerging market and developing economies continue to struggle with the COVID-19 pandemic and its aftermath, the World Bank says in its June 2021 Global Economic… Continue reading “Output to remain below pre-COVID trends despite robust rebound by US and China”

Kathmandu: The bodies of 35 Nepalis have been stranded in Malaysia due to the restrictions on international flights. According to Nepal Embassy in Malaysia, the bodies of about 35 Nepalis have been stranded in Malaysia alone within a month of the government shutting down international flights to prevent corona infection. According to the embassy, the… Continue reading Dead bodies of Nepali migrants stranded in Malaysia due to flight ban

Kathmandu: Nepal Oil Corporation has reduced the price of air turbine fuel (ATF) towards international sector. The airline companies had complained earlier saying that the competitiveness of the airlines operating from Nepal is low due to the high price of international ATF. Accordingly, the decision has been taken after discussions between the Ministry of Culture,… Continue reading NAC drops airfare after ATF price drops in international sector

Kathmandu: The government has decided to include health infrastructure in the government’s national pride projects. This is the first time ever the health infrastructure will be recognized as a national pride project.The government is going to declare the Bir Hospital project under construction at Duwakota in Bhaktapur as a project of national pride in the… Continue reading Govt to include health infrastructure under national pride project

Kathmandu: The Supreme Court has issued an interim order not to stop online shopping and home delivery services. A bench of Justices Sapana Pradhan Malla and Kumar Chudal on Monday issued an interim order not to stop the delivery of e-commerce services in the Kathmandu Valley. Last year, the Kathmandu District Administration Office had issued… Continue reading SC directs to allow e-commerce and home deliveries

Kathmandu: Minister for Culture, Tourism and Civil Aviation Bhanubhakta Dhakal has directed to reduce the price of air turbine fuel (ATF). He has directed to adjust the ATF price in a discussion with the officials of the concerned bodies on Thursday, Minister Dhakal has discussed with Tourism Secretary Yadav Prasad Koirala, Secretary at the Ministry… Continue reading Tourism Minister directs to reduce ATF price

Kathmandu: The Ministry of Finance has stated that the government is committed to the protection of the Chure region. Protests are taking place after the government said through the budget that it will reduce the trade deficit by extracting mining stones and sand. According to the Environment Impact Assessment Report identified by the Department of… Continue reading Finance ministry commits to prevent exploitation of Chure area

Kathmandu: The government has released a Rs 1.64 trillion budget for the fiscal year 2021-22, which is heavily distributed. The government intends to spend Rs 678.61 billion on recurrent expenditures out of the overall budget. Similarly, Rs 347 billion has been set aside for capital expenditure and Rs 207 billion has been set aside for… Continue reading Govt unveils budget of Rs 1.64 trillion for FY 2021-22