NRB expands digital payment systems to ease cross-border transactions

Kathmandu: Nepal Rastra Bank (NRB) is set to enhance digital payment systems to streamline cross-border financial transactions, addressing concerns raised by traders. NRB Governor Maha Prasad Adhikari announced these initiatives, noting that the upcoming monetary policy will introduce measures to boost digital platforms for cross-border payments. Adhikari emphasized that NRB has already authorized payment service… Continue reading NRB expands digital payment systems to ease cross-border transactions

EU hits Chinese electric cars with new tariffs

Kathmandu: The European Union has raised tariffs on Chinese electric vehicles, as Brussels takes action to protect the bloc’s motor industry. The new tariffs on individual manufactures range from 17.4% to 37.6%, which is on top of a 10% duty that was already in place for all electric cars imported from China.This could raise the… Continue reading EU hits Chinese electric cars with new tariffs

Nepal govt initiates concept paper on AI, paving way for policy development

Kathmandu: The Nepali government has taken a significant step forward by preparing its first Concept Paper on Artificial Intelligence (AI), aimed at guiding the formulation of policies and laws governing AI use and operations in the country. Initiated by the Ministry of Communications and Information Technology, the Concept Paper addresses the absence of specific policies… Continue reading Nepal govt initiates concept paper on AI, paving way for policy development

Nepal proposes groundbreaking ‘Science and Technology Bill’ to foster innovation

Kathmandu: Ministry of Education, Science, and Technology (MoEST) of Nepal has unveiled a pioneering draft of the ‘Science and Technology Bill,’ aimed at bolstering research and innovation across the nation. The draft legislation, recently published on the ministry’s official website, invites feedback from stakeholders, the general public, and elected representatives within a 15-day period from… Continue reading Nepal proposes groundbreaking ‘Science and Technology Bill’ to foster innovation

Elon Musk unexpectedly drops case against OpenAI

Kathmandu: Elon Musk has unexpectedly asked a California court to withdraw a legal case against OpenAI and its boss Sam Altman, which accused them of abandoning the firm’s founding mission of developing artificial intelligence (AI) for humanity’s benefit. The filing submitted by the multi-billionaire’s lawyers asked for the months-old case to be dropped without offering… Continue reading Elon Musk unexpectedly drops case against OpenAI

Sports cars and millions seized in cybercrime busts

Kathmandu: The US and Europe have separately announced major takedowns of cybercrime networks that defrauded people of billions. The US has arrested Chinese national YunHe Wang and seized assets including a Ferrari, luxury watches and 21 properties. While Europol, Europe’s crime agency, has made four arrests but said eight fugitives are on the run. They… Continue reading Sports cars and millions seized in cybercrime busts

Supreme Court launches online case registration system

Kathmandu: Supreme Court of Nepal has inaugurated an online registration system for cases and automated notification of the cause list, effective immediately. Chief Justice Bishowambhar Prasad Shrestha heralded the launch, expressing confidence that this digital service would significantly benefit citizens, particularly those residing in remote areas. He underscored the court’s commitment to gradually implementing this… Continue reading Supreme Court launches online case registration system

SC cancels ISPs’ tax evasion, orders immediate payment

Kathmandu: Supreme Court today dismissed all appeals filed by internet service providers regarding tax evasion. Following an investigation conducted by the Ministry of Communication and Information Technology, it was revealed that a staggering NPR 2.5 billion in taxes had been evaded by these providers. Subsequently, the Nepal Telecommunications Authority was directed for immediate settlement of… Continue reading SC cancels ISPs’ tax evasion, orders immediate payment

3rd edition of Digital Nepal Conclave is set for June 7

Kathmandu: The third edition of the Digital Nepal Conclave will be held on Friday, 7th June 2024 (25th of Jestha 2080). The main theme of Digital Nepal Conclave 2024 organized by ICT Foundation Nepal is ‘Harmonizing Digitization and Development’. More than 50 people, including some international experts, will participate in various sessions as speakers in… Continue reading 3rd edition of Digital Nepal Conclave is set for June 7

inDrive launches officially in Nepal

Kathmandu: inDrive is a global mobility and urban services platform, has officially launched its operations in Nepal. inDrive provides transparent conditions at the lowest possible commissions. In Nepal, inDrive has introduced a commission charge within 10% for drivers, to ensure fair and affordable rides for both drivers and passengers. The app popularity is growing because… Continue reading inDrive launches officially in Nepal