Kathmandu: The much-anticipated tripartite agreement for cross-border electricity trade involving Nepal, India, and Bangladesh has been postponed. The agreement, originally scheduled to be signed on Sunday, was halted following Bangladesh’s inability to attend due to ongoing student-led protests in the country. Nabin Raj Singh, spokesperson for Nepal’s Ministry of Energy, Water Resources, and Irrigation (MoEWRI),… Continue reading Cross-Border electricity trade agreement between Nepal, India, and Bangladesh postponed
Sri Lanka wins Women’s Asia Cup T20 Cricket defeating India
Kathmandu: Sri Lanka has claimed the Women’s Asia Cup T20 Cricket title by defeating India by 8 wickets in today’s final. Sri Lanka achieved the target of 166 runs set by India with 8 balls to spare, losing only 2 wickets. Harshitha Samarawickrama of Sri Lanka scored an unbeaten 69, while captain Chamari Athapaththu contributed… Continue reading Sri Lanka wins Women’s Asia Cup T20 Cricket defeating India
NEPSE surges 4.41% amid trading halts and positive sentiment
Kathmandu: The Nepal Stock Exchange (NEPSE) closed today with a notable gain of 113.42 points, or 4.41%, reaching 2,681.56 points. The market experienced two trading halts due to significant upward movements, reflecting strong investor sentiment. The trading session saw a 4% increase, triggering the first circuit break shortly after the market opened. After a 20-minute… Continue reading NEPSE surges 4.41% amid trading halts and positive sentiment
Nepal earns Rs 16.93 bn from electricity exports to India in FY 2023/24
Kathmandu: Nepal exported electricity worth Rs 16.93 billion to India in the last fiscal year 2023/24. The Nepal Electricity Authority (NEA) made an income of Rs 16.93 billion by exporting 1.94 billion units electricity to India last fiscal year. NEA has been selling the surplus power at Indian Energy Exchange’s day ahead and real time… Continue reading Nepal earns Rs 16.93 bn from electricity exports to India in FY 2023/24
Suspect apprehended in Kathmandu Valley robbery incident
Kathmandu: Police have arrested Dhan Bahadur Syangtang, a key suspect in a series of robberies targeting hikers in the Kathmandu Valley. The arrest followed a special operation by the Kathmandu District Police Range. The operation was launched after three individuals armed with sharp weapons threatened travelers in a vehicle near Bindabasini Temple in Nagarjun Municipality-7,… Continue reading Suspect apprehended in Kathmandu Valley robbery incident
Nepal’s automobile sector criticizes NRB’s 2024/25 Monetary Policy
Kathmandu: Nepal’s automobile sector is voicing strong discontent with the Nepal Rastra Bank’s (NRB) monetary policy for the fiscal year 2024/25. The NADA Automobiles Association of Nepal reports a 68 percent market decline, attributing the drop to unsupportive policies amid an economic slowdown. The Association claims that their recommendations for policy changes have been ignored.… Continue reading Nepal’s automobile sector criticizes NRB’s 2024/25 Monetary Policy
Historic appointment: Lila Devi Gadtaula named Nepal’s first female Chief Secretary
Kathmandu: The cabinet has appointed Lila Devi Gadtaula as the country’s first female Chief Secretary, marking a significant milestone in Nepal’s administrative history. The announcement was made following today’s Council of Ministers meeting. Minister for Communications and Information Technology and Government Spokesperson Prithvi Subba Gurung confirmed Gadtaula’s appointment. Despite this historic achievement, Gadtaula’s tenure as… Continue reading Historic appointment: Lila Devi Gadtaula named Nepal’s first female Chief Secretary
Nepal Rastra Bank unveils monetary policy for FY 2024/2025
Kathmandu: Nepal Rastra Bank (NRB) has announced its Monetary Policy for the fiscal year 2024/2025, implementing key adjustments to its financial regulations. The central bank has reduced the bank rate and deposit collection rate as part of its new policy measures. Governor Maha Prasad Adhikari revealed that the upper limit of the interest rate corridor… Continue reading Nepal Rastra Bank unveils monetary policy for FY 2024/2025
EU Ambassador to Nepal meets with Foreign Affairs Minister
Kathmandu: European Union (EU) Ambassador to Nepal, Veronique Lorenzo, conducted a courtesy visit to the Minister for Foreign Affairs, Dr. Arzu Rana Deuba, on Friday. During the meeting, which took place at the Ministry of Foreign Affairs, both parties discussed various facets of Nepal-EU relations. The engagement aimed to explore and strengthen the collaborative ties… Continue reading EU Ambassador to Nepal meets with Foreign Affairs Minister
Biden delivers solemn call to defend democracy as he lays out his reasons for quitting race
Kathmandu: President Joe Biden on Wednesday delivered a solemn call to voters to defend the country’s democracy as he laid out in an Oval Office address his decision to drop his bid for reelection and throw his support behind Vice President Kamala Harris. Insisting that “the defense of democracy is more important than any title,”… Continue reading Biden delivers solemn call to defend democracy as he lays out his reasons for quitting race