Category: Finance

Kathmandu: Among seven million children between the ages of five and 17 in Nepal, 1.1 million children (15.3 per cent) were found to be engaged in child labour, a significant decline in child labour in comparison to 2008 (1.6 million). As per the study report recently revealed by International Labour Organization has stated that Nepal… Continue reading 1.1 mn Nepali children are still engaged in child labor

LAS VEGAS (AP): Las Vegas is bouncing back to pre-coronavirus pandemic levels, with new economic reports showing increases in airport passengers and tourism, and a big jump in a key index showing that casinos statewide took in $1 billion in winnings last month for the first time since February 2020. “I don’t believe anyone imagined… Continue reading Vegas tourism, airport, casinos show rebound from virus

Kathmandu: Finance Minister Bishnu Prasad Poudel has said that investors should not be worried as all kinds of political problems will be resolved constitutionally. Addressing the Nepal Development Update public program made public by the World Bank on Monday, Finance Minister Poudel said that all the political issues would be resolved in a constitutional manner.… Continue reading Political problems are solved, investors need not panic: Finance Minister

Kathmandu: The Chinese capital, Beijing, has become the world’s busiest city for billionaires. According to a new report by Forbes magazine, Beijing is the second most populous city in the United States after New York. Last year, 33 billionaires were added to Beijing, bringing the total to 100. In New York, there are 99 billionaires,… Continue reading Beijing becomes most populous city in the world

Kathmandu: Nepal Oil Corporation has again increased the price of petroleum products. Spokesperson of the corporation Binit Mani Upadhyaya informed that the price of petrol, diesel and kerosene has been increased by two rupees per litre. Now the price of petrol has reached Rs 120 per liter while the price of diesel and kerosene has… Continue reading NOC hikes fuel price

Kathmandu: The Nepal Government and the World Bank today signed an agreement for additional financing of USD75 million to support access to safe and effective COVID-19 vaccines for Nepal’s prioritized populations.The agreement was signed by the Finance Secretary, Sishir Kumar Dhungana on behalf of the government and the World Bank Country Director for Maldives, Nepal,… Continue reading World Bank to support $75 mn to Nepal for covid-19 vaccines

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