Kathmandu: Nepal has signed a protocol with Israel to send 500 Nepali workers. Kumar Dahal, Director General of the Department of Foreign Employment and Khanan Goder, Ambassador of Israel to Nepal, signed the protocol. According to the agreement, 60 percent of women and 40 percent of male caregivers will go to Israel. Those who have… Continue reading Govt signs protocol to send 500 workers to Isreal
Category: Finance
One-stop system from next week to facilitate international trade
Kathmandu: The National One-Door System will be launched from next week to facilitate international trade by linking import and export with customs. In a program held at the Ministry of Finance, the Department of Customs informed that a one-door system will be started in the Department of Food Technology and Quality Control, Department of Animal… Continue reading One-stop system from next week to facilitate international trade
Wall Street’s momentum swings back as stocks, yields tick up
NEW YORK (AP): Stocks are ticking higher on Wall Street Tuesday, recovering some of last week’s losses to pull closer to their record highs. The S&P 500 was up 0.5 percent in morning trading and back within 1 percent of its record set earlier this month. The Dow Jones Industrial Average was up 128 points,… Continue reading Wall Street’s momentum swings back as stocks, yields tick up
China economy grows in 2020 as rebound from virus gains
BEIJING (AP): China eked out 2.3 percent economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States, Japan and Europe struggled with rising infections. Growth in the three months ending in December rose to 6.5… Continue reading China economy grows in 2020 as rebound from virus gains
NIFRA receives IPO application worth Rs 14 billion in three days
Kathmandu: Investors have been attracted to the IPO of Nepal Infrastructure Development Bank, which has started selling IPOs to the public since last Friday. Within three days of the eviction, more than Rs 14 billion worth of IPO applications have been demanded. So far, an IPO demand of Rs 14.19 billion has been received. The… Continue reading NIFRA receives IPO application worth Rs 14 billion in three days
Corona insured amount to exceed Rs 5 billion, only half paid so far
Kathmandu: The claim payment to Corona insurers has exceeded Rs 5 billion. According to the Insurance Committee, a total of 51,717 claims have been verified. The total amount to be paid to those applicants is more than Rs 5 billion. Out of which, Rs 2.46 billion has been paid to 25,313 people so far. Another… Continue reading Corona insured amount to exceed Rs 5 billion, only half paid so far
Nepse crossed 2300 points, an increase of 28 points on Sunday
Kathmandu: The stock market has crossed 2300 points. On Sunday, the NEPSE index rose by 28.46 points to 2315 points. This is the highest point ever. Shares of all groups except hydropower rose on Sunday. Shares of trade group rose by 232 points, development bank group by 110 points, manufacturing group by 49 points, micro… Continue reading Nepse crossed 2300 points, an increase of 28 points on Sunday
US industrial production jumps 1.6 pc in December
SILVER SPRING, Md. (AP): U.S. industrial production rose 1.6 percent in December, a third straight monthly gain, but remains below its pre-pandemic level. The December gain in industrial output followed a 0.5 percent increase in November and a one percent increase in October, the Federal Reserve reported Friday. Even with those gains, industrial output is… Continue reading US industrial production jumps 1.6 pc in December
Only 14.4 percent development expenditure in six months
Kathmandu: In the six-month period from July to December, the government has spent only 14.4 percent on capital. The target for capital expenditure in the current Fiscal Year is Rs. 352.91 billion. However, capital expenditure alone stood at Rs. 50.81 billion by mid-December(Wednesday). This is Rs 13 billion less than the same period last year.… Continue reading Only 14.4 percent development expenditure in six months
Stakeholders ask to withdraw FDI in agro sector
Kathmandu: Stakeholders related to agriculture sector have said that the government’s decision to attract foreign direct investment in Nepal’s agricultural sector is wrong. The Dairy Industry Association, Nepal Dairy Association among other orgnizations held a joint press conference in Kathmandu on Tuesday and said that the government’s decision to bring foreign investment in agriculture sector… Continue reading Stakeholders ask to withdraw FDI in agro sector