Category: Finance

International Women’s Day: women are still underpaid

Myagdi (Rashtriya Samachar Samiti): “I have been teaching English at the basic level (grades 1-8) for seven years, but my salary is less than half that of a male teacher at the same level.” A teacher at a private and institutional school in Myagdi said, “Equality is only in slogans, but not yet in practice.”… Continue reading International Women’s Day: women are still underpaid

Airline operators hike airfare after fuel price hike

Aircraft of Yeti Airlines parked at Pokhara airport. Photo: Vishwanews

Kathmandu: Nepal Oil Corporation (NOC) has increased the price of petroleum products including air turbine fuel (ATF) thus the airline operators have also increased the fuel surcharge price on air fares. According to the Airline Operators Association of Nepal (AOAN), it has been decided to increase the price according to the automated system. The decision… Continue reading Airline operators hike airfare after fuel price hike

Number of Demat accounts exceeds 3 mn

Representative photo

Kathmandu: The number of demat accounts has exceeded 3 million. Lately, the public’s interest in the stock market has been increasing. Especially after the IPO of Nepal Infrastructure Bank, the public’s interest in the market has skyrocketed. According to CDS and Clearing Limited, which has a complete audit of share transactions, the number of demat… Continue reading Number of Demat accounts exceeds 3 mn

Finance Ministry releases Rs 1.08 bn budget for under construction health service center

Kathmandu: The Ministry of Finance has approved to release Rs 1.08 billion as conditional grant for the health service centers under construction at 113 local levels. Finance Minister Bishnu Prasad Poudel has approved the proposal of the Ministry of Health and Population to pay the liability of the buildings under construction of the ward level… Continue reading Finance Ministry releases Rs 1.08 bn budget for under construction health service center

Nepal and Malaysia sign MoU to involve workers in social security benefits

Kathmandu: Nepal and Malaysia have signed a memorandum of understanding to involve Nepali workers working in Malaysia in social security programs. Rajan Prasad Shrestha, Executive Director of the Foreign Employment Board on behalf of Nepal and Dr. Dato, Chief Executive Officer of the Social Security Institution on behalf of Malaysia. Signed by Mohamed Ajman bin… Continue reading Nepal and Malaysia sign MoU to involve workers in social security benefits

In oil-rich Iraq, a few women buck norms, take rig site jobs

Ayat Rawthan, a petrochemical engineer, poses for a photo near an oil field outside Basra, Iraq, Tuesday, Feb. 5, 2021. Rawthan is among just a handful of women who have eschewed the dreary office jobs typically handed to female petrochemical engineers in Iraq. Instead, they chose to become trailblazers in the country’s oil industry, taking up the grueling work of drilling. Photo courtesy: AP

BASRA, Iraq (AP): It’s nearly dawn and Zainab Amjad has been up all night working on an oil rig in southern Iraq. She lowers a sensor into the black depths of a well until sonar waves detect the presence of the crude that fuels her country’s economy. Elsewhere in the oil-rich province of Basra, Ayat… Continue reading In oil-rich Iraq, a few women buck norms, take rig site jobs

PM Oli to inaugurate country’s largest industrial park

Kathmandu: Prime Minister KP Sharma Oli has left for Jhapa. Prime Minister Oli left for his home district of Jhapa at 10 am today to lay the foundation stone of the Nepal-China Industrial Park. The Nepal China Friendly Industrial Park to be constructed at the confluence of Damak Municipality, Kamal Village Municipality and Gauradaha Municipality… Continue reading PM Oli to inaugurate country’s largest industrial park

IPO results can now be seen from three sites only

Kathmandu: The results of the initial public offering (IPO) can now be seen from only three sites. Earlier, the issue of privacy was questioned as there was an arrangement to view the results of the IPO from various media outlets. Addressing the grievances, CDS and Clearing Limited stated that it has changed the regulations so… Continue reading IPO results can now be seen from three sites only

Digital payment for government employees’ provident fund

Kathmandu: Any kind of payment from the provident fund of 275,000 government employees across the country will now be made electronically. As the money goes directly to the saver’s account, the savings fund will no longer be credited to the personal account and will be lost, duplicate entries, multiple entries and multiple accounts of the… Continue reading Digital payment for government employees’ provident fund