Kathmandu: The government has recommended ambassadors for eight key diplomatic posts. The decision was made during a cabinet meeting held on Friday. Former Chief Secretary Lokdarshan Regmi has been proposed as the ambassador to India, while former Secretary Chandra Ghimire has been recommended for the United States. Human rights activist Sushil Pyakurel has been slated… Continue reading Nepal govt recommends Ambassadors for 8 countries: Secretary Chandra Ghimire for USA
Nepal’s public debt surpasses Rs 2.4 trillion
Kathmandu: Nepal’s public debt has surged past Rs 2.4 trillion during the current fiscal year 2023/24, marking a significant increase from the beginning of the year. According to the latest data from the Public Debt Management Office (PDMO), as of mid-June, the country’s domestic debt stands at Rs 1.195 trillion, while external debt amounts to… Continue reading Nepal’s public debt surpasses Rs 2.4 trillion
Nepal climbs 3 places in FIFA world rankings
Kathmandu: Nepal has improved its position by three places in the latest FIFA world rankings. According to FIFA’s latest release on global football rankings for men, Nepal has moved up to the 175th position. Previously, Nepal held the 178th position. In the joint qualifiers for the FIFA World Cup 2026 and AFC Asian Cup 2027,… Continue reading Nepal climbs 3 places in FIFA world rankings
President Paudel urges Germany to lift ban on Nepal Airlines in Europe
Kathmandu: President Ramchandra Paudel has appealed to the German government to lift the ban on Nepali airlines operating in European airspace. This plea was made during his meeting with German counterpart Frank-Walter Steinmeier, as part of his official visit to Germany. During his visit, President Paudel briefed Secretary of State Lamsal about his tour of… Continue reading President Paudel urges Germany to lift ban on Nepal Airlines in Europe
Financial stability concerns highlighted in NRB report
Kathmandu: Nepal Rastra Bank (NRB) has brought attention to the deteriorating quality of banks’ assets, raising significant concerns about the stability of banks and financial institutions (BFIs). The central bank’s latest ‘Financial Stability’ Report, unveiled on Wednesday, underscores various challenges currently impacting the financial sector. According to the report, the proliferation of high interest rates… Continue reading Financial stability concerns highlighted in NRB report
Education Minister vows to depoliticize sector amidst challenges
Kathmandu: Education, Science, and Technology Minister Sumana Shrestha has marked her 100th day in office with a firm commitment to cleanse Nepal’s education sector of political influences. Addressing the media at a press conference on Tuesday, Minister Shrestha declared stringent measures to prohibit teachers from affiliating with any political party or its affiliated bodies. Acknowledging… Continue reading Education Minister vows to depoliticize sector amidst challenges
Nepal sees surge in FDI, approaching Rs 500 bn milestone
Kathmandu: Foreign Direct Investment (FDI) in Nepal has reached unprecedented levels, marking a significant milestone in the economic landscape of the country. As of mid-June, the current fiscal year (FY) 2023/24 has witnessed FDI inflows soar to Rs 44.40 billion, reflecting a substantial increase of Rs 10.82 billion compared to the same period last year.… Continue reading Nepal sees surge in FDI, approaching Rs 500 bn milestone
World Bank announces new country director for Maldives, Nepal, and Sri Lanka
Kathmandu: David Sislen is the World Bank’s new Country Director for Maldives, Nepal, and Sri Lanka, effective July 1, 2024. Sislen succeeds Faris Hadad-Zervos, who will be taking on a new World Bank assignment. Sislen, a dual national of the US and Italy, joined the Bank in 2001 as an Economist in the Urban Cluster… Continue reading World Bank announces new country director for Maldives, Nepal, and Sri Lanka
Nepal falls short against Bangladesh in ICC T20 World Cup
Kathmandu: In the ICC T20 World Cup cricket match today, Nepal faced a defeat against Bangladesh by 21 runs. Nepal was bowled out for 85 runs in 19 overs and 2 balls, marking an unsuccessful end to their pursuit of a historic win in the competition. Nepal had an opportunity to avenge their loss against… Continue reading Nepal falls short against Bangladesh in ICC T20 World Cup
World Bank Senior Managing Director to visit Nepal
Kathmandu: The World Bank’s Senior Managing Director, Axel van Trotsenburg arrived in Kathmandu today on his first official visit to Nepal, to meet with government and other stakeholders and chair the Third Replenishment Meeting of the World Bank’s fund for low-income countries, the International Development Association (IDA). As part of his five-day visit, on June… Continue reading World Bank Senior Managing Director to visit Nepal