Category: Finance

Kathmandu: Nepal Rastra Bank (NRB) has increased the daily quota of gold imported by commercial banks to 20 kg. NRB has issued a circular to the commercial banks on Thursday allowing them to import gold up to 20 kg per day. Last year, the government reduced gold imports to 10 kg per day due to… Continue reading NRB increases gold import quota

Kathmandu: As of Wednesday, 14 groups have taken permission to climb various mountains, including Mount Everest for the spring season. According to the Department of Tourism, 113 climbers from 14 groups have taken permission during the period. Of them, 34 are women.According to the department, climbing permits have been issued for Mt Everest, Nuptse, Manaslu,… Continue reading 113 people from 14 groups receive expedition permit

DETROIT (AP): Volkswagen plans to change its brand name in the United States to “Voltswagen” as its shifts its production increasingly toward electric vehicles and tries to distance itself from an emissions cheating scandal. A person briefed on the plan said a formal announcement is planned for Tuesday. The person didn’t want to be identified… Continue reading VW plans brand-name change to ‘Voltswagen’ in US

Kathmandu: Nepal’s Ambassador to Pakistan Tapas Adhikari has stressed on the need for direct flights to promote trade and tourism between the two countries. Speaking at an event organized by the Pakistan Chamber of Commerce and Industry, the Ambassador said that the two countries now have very cordial relations and if direct flights between the… Continue reading Kathmandu-Islamabad direct flight proposal

Kathmandu: Minister for Agriculture and Livestock Development Padma Kumari Aryal has said that foreign investment in agriculture is needed to protect small farmers. Speaking at a discussion program on ‘Contemporary Issues of Agricultural Development’ organized by the Agriculture Campaign for Food in Lalitpur on Monday, Minister Aryal said so. She said that it is necessary… Continue reading Agro Minister Aryal say FDI is needed in agriculture

Kathmandu: The central bank has given the facility to issue prepaid cards to Nepali banks. The Foreign Exchange Department of Nepal Rastra Bank has stated that prepaid cards can be issued to commercial banks and development banks in foreign currency up to USD 500. According to the foreign exchange department, commercial banks and national level… Continue reading Easy to advertise on social media, Nepali banks can issue prepaid cards

Kathmandu: The World Bank’s Board of Executive Directors today approved $75 million from the International Development Association (IDA) to support access to safe and effective COVID-19 vaccines and equitable vaccine distribution by strengthening Nepal’s health and vaccination system. The financing is expected to facilitate vaccination of at least one-third of the population through an equitable… Continue reading World Bank to provide $75 mn to Nepal for COVID-19 vaccines