Kathmandu: Nepal Oil Corporation (NOC) has reduced the price of petroleum products at normal rates. The price has been reduced after talks with the agitating United Students’ Organization on the issue of price rise. As per the decision of the corporation’s board of directors, the retail price of petrol and diesel/kerosene has been reduced by… Continue reading NOC reduce fuel price
Category: Finance
Newly appointed Prime Minister Deuba takes oath
Kathmandu: Newly appointed Prime Minister Sher Bahadur Deuba has taken oath of office and secrecy. President Bidya Devi Bhandari administered the oath of office in a ceremony at Rashtrapati Bhawan, Shital Niwas this evening. Congress Chairman Deuba had objected to the language of appointment even though he was preparing to take oath at 6 pm.… Continue reading Newly appointed Prime Minister Deuba takes oath
Nepal-India signs agreement for railway service
Kathmandu: Nepal and India have signed a Letter of Exchange (LoE) to the Nepal – India Rail Services Agreement (RSA) 2004. Organizing a virtual ceremony today to signed copies of the LoE, between the two governments. From the Indian side, the ceremony was led by Sanjay Kumar Mohanty, Member (Operations and Business Development), Ministry of… Continue reading Nepal-India signs agreement for railway service
Private dairy industry seeks concessional loans from govt
Kathmandu: Private sector dairy farmers have demanded concessional loans from the government. In a press release issued on Wednesday, the Nepal Dairy Industry Association demanded a soft loan of up to Rs 100 million for 10 years. Not long ago, the government had provided a concessional loan of Rs 200 million to the state-owned dairy… Continue reading Private dairy industry seeks concessional loans from govt
Fuel price increases
Kathmandu: The price of all fuels including cooking LP gas has gone up. Nepal Oil Corporation has increased the price of cooking LP gas, petrol, diesel, kerosene and aviation fuel with effect from last night. The corporation has increased the price of gas by Rs 25 per cylinder, petrol by two rupees per liter, diesel… Continue reading Fuel price increases
Bankers Association demands to give broker license to the bank
Kathmandu: The Bankers’ Association has demanded that banks be given broker licenses. Suggesting to the Nepal Rastra Bank for the coming monetary policy for the coming fiscal year, they have said that there should be an initiative to give broker license to the banks. In some countries, banks have been acting as securities brokers. As… Continue reading Bankers Association demands to give broker license to the bank
World Bank agrees to provide $150 mn for resilient recovery from Covid-19
Kathmandu: The Government of Nepal and the World Bank today signed a $150 million (Rs. 17.78 billion) concessional loan agreement to support Nepal’s resilient recovery from the COVID-19 pandemic, protect the most vulnerable, and support sustainable growth. The agreement was signed by the Finance Secretary, Sishir Kumar Dhungana on behalf of the Government of Nepal… Continue reading World Bank agrees to provide $150 mn for resilient recovery from Covid-19
NOC again hike fuel price
Kathmandu: Nepal Oil Corporation (NOC) has again increased the price of petroleum products. The corporation has increased the selling price of petrol and diesel / kerosene by two rupees per liter. Now the price of petrol has reached Rs 127 and the price of diesel has reached Rs 110 per liter. The corporation has decided… Continue reading NOC again hike fuel price
IBN approves foreign investment wort Rs 97 bn
Kathmandu: The Investment Board Nepal (IBN) has approved foreign investment of Rs 97 billion for two hydropower projects. The decision was taken at the 47th meeting of the Board chaired by Prime Minister and Chairman of the Investment Board Nepal. According to the Board’s Executive Director Sushil Bhatta, investment has been approved for the Upper… Continue reading IBN approves foreign investment wort Rs 97 bn
Govt forms committee to investigate overcharging on international flights
Kathmandu: Despite the declining rate of corona infections and widespread vaccination campaigns abroad, the government has stopped regular international flights and encouraged chartered flights. Taking advantage of this opportunity, the government has formed an investigation committee after complaints from some travel agencies that passengers were being charged exorbitant fares. According to ministry spokesperson Taranath Adhikari,… Continue reading Govt forms committee to investigate overcharging on international flights