Nepal govt announces Rs 50,000 relief for temporary housing to aid disaster-affected families

Kathmandu: To aid disaster-affected families, the government has decided to provide Rs 50,000 each to those who have lost their homes due to natural calamities such as floods, landslides, and fires. During a meeting held on Monday, the Disaster Management Executive Committee approved the new relief measure. Previously, financial assistance for temporary housing was only… Continue reading Nepal govt announces Rs 50,000 relief for temporary housing to aid disaster-affected families

Nepal govt and World Bank sign US$100 mn project to improve roads

Kathmandu: Nepal government and the World Bank today signed a financing agreement for a US$100 million concessional loan from the International Development Association (IDA) to help improve the connectivity, efficiency, resilience, and safety of Nepal’s provincial and local road network and strengthen the government’s capacity to manage the road network. The Provincial and Local Roads… Continue reading Nepal govt and World Bank sign US$100 mn project to improve roads

Global stock markets sink on US economy fears

File Photo. An investor looks an electronic board at the stock exchange in Shanghai. Photo courtesy: Reuters

Kathmandu: Stock markets across Europe and Asia tumbled on Monday, spooked by fears that the US economy is heading for a slowdown. In London, the FTSE 100 index opened 2.3% lower while the Euronext 100 tumbled by 3.5%. They followed sharp falls across Asia with Japan’s Nikkei 225 dropping 12.4% or 4,451 points in the… Continue reading Global stock markets sink on US economy fears

Bangladesh protesters resume march against PM after deadly day of clashes

Kathmandu: At least 90 people have been killed and hundreds more injured in clashes between police and tens of thousands of anti-government protesters in Bangladesh on Sunday. The unrest comes as student leaders have declared a campaign of civil disobedience to demand that the nation’s long-serving leader Prime Minister Sheikh Hasina step aside. Internet services… Continue reading Bangladesh protesters resume march against PM after deadly day of clashes

Nepal govt warns foreign firms over investment delays

Kathmandu: In a stern warning issued today, the Department of Industry (DoI) has cautioned approved foreign firms to expedite their pledged investments within the stipulated timeframe or face severe consequences. According to a public notice released by the DoI, authorized to oversee foreign direct investment (FDI), registered foreign firms must commence business operations within 35… Continue reading Nepal govt warns foreign firms over investment delays

Trump and Harris at odds over presidential debate

Kathmandu: US presidential candidates Donald Trump and Kamala Harris are at odds over their first head-to-head debate, with each in favour of a different broadcaster and date. The Harris campaign is pushing for a debate to take place on ABC News on 10 September, in a slot previously scheduled for a debate between President Joe… Continue reading Trump and Harris at odds over presidential debate

World’s biggest iceberg spins in ocean trap

Kathmandu: Something remarkable has happened to A23a, the world’s biggest iceberg. For months now it has been spinning on the spot just north of Antarctica when really it should be racing along with Earth’s most powerful ocean current. Scientists say the frozen block, which is more than twice the size of Greater London, has been… Continue reading World’s biggest iceberg spins in ocean trap

Flood alert issued for 19 districts, including Kathmandu

File Photo

Kathmandu: Flood Forecasting Division has issued a flood warning for 19 districts, including Kathmandu, due to anticipated increases in river levels. The districts affected by this alert are Ilam, Jhapa, Taplejung, Sankhuwasabha, Ramechhap, Dolakha, Sindhupalchowk, Sindhuli, Kavrepalanchowk, Kathmandu, Lalitpur, Bhaktapur, Makwanpur, Gorkha, Lamjung, Kaski, Myagdi, Darchula, and Bajhang. Residents in these areas are urged to… Continue reading Flood alert issued for 19 districts, including Kathmandu

Nepal to introduce non-collateral loan system for migrant workers

Kathmandu: Nepali government is set to introduce a non-collateral loan system aimed at shielding migrant workers from high-interest rates. This move follows a recent announcement by the Nepal Rastra Bank (NRB), which has included provisions for non-collateral loans in its latest monetary policy. The Ministry of Labor, Employment, and Social Security (MoLESS) is spearheading the… Continue reading Nepal to introduce non-collateral loan system for migrant workers