NRB eases regulations for foreign investment in listed companies

Kathmandu: In a significant move, Nepal Rastra Bank (NRB) has announced regulatory changes exempting foreign investments in listed companies from the need for central bank approval. The third amendment to the NRB Foreign Investment and Foreign Loan Management Bylaws 2021 aims to streamline and encourage foreign participation in Nepal’s stock market. Under the amended regulations,… Continue reading NRB eases regulations for foreign investment in listed companies

Nepal secures ODI series victory by defeating Canada

Kathmandu: Nepal clinched the three-match ODI series against Canada with an unassailable 2-0 lead after securing a four-wicket victory in the second ODI at the TU Cricket Ground. The hosts successfully chased the target of 286 runs set by Canada, with Captain Rohit Paudel leading the charge with an impressive 87 runs. Dev Khanal contributed… Continue reading Nepal secures ODI series victory by defeating Canada

Activist Iih embarks on foot journey advocating for street vendors and urban poor

File photo

Kathmandu: Activist Iih is set to commence a foot journey from Lumbini to Singha Durbar, starting on Sunday, with the aim of urging the federal government to intervene in supporting street vendors, managing the informal sector, and addressing urban poverty. The journey, scheduled from February 11 to February 19, will be documented on Twitter (X),… Continue reading Activist Iih embarks on foot journey advocating for street vendors and urban poor

Nepal Government initiates e-visa and online payment services

Kathmandu: Department of Immigration has launched e-visa and online payment services for obtaining new visas, extending visa validity, and obtaining trekking permits. Citizens will now be required to physically visit immigration offices only for services like visa sticker placement. The introduction of these online services marks a significant step towards digitalization, allowing applicants to apply… Continue reading Nepal Government initiates e-visa and online payment services

Iconic Gopi Krishna Cinema Hall to Shut Down on February 13

Kathmandu: Gopi Krishna Cinema Hall, a landmark in Nepali film history, is set to close its doors on February 13, according to an announcement by Gopi Krishna Movies Pvt Ltd. Managing Director Niraj Paudel cited escalating losses amid the Covid-19 pandemic and issues with the current state tax system as the primary reasons for the… Continue reading Iconic Gopi Krishna Cinema Hall to Shut Down on February 13

Nearly one-third of Nepali businesses lack formal registration, survey reveals

Kathmandu: A recent Nepal Business Survey for the year 2078 BS has brought to light a significant issue, revealing that approximately 32% of business establishments in the country are currently operating without proper registration. The survey, encompassing 498,058 wholesale and retail establishments, disclosed that only 68% of these businesses are officially registered with government agencies,… Continue reading Nearly one-third of Nepali businesses lack formal registration, survey reveals

Nepal and Australia ink trade and investment agreement

Kathmandu: Nepal and Australia have officially signed a trade and investment agreement during the visit of Nepal’s Foreign Minister NP Saud to Australia. The agreement, signed by Nepal’s Ambassador to Australia Kailash Raj Pokharel and Australia’s Assistant Foreign Minister Tim Watts, was witnessed by the respective foreign ministers, NP Saud and Penny Wong. Both foreign… Continue reading Nepal and Australia ink trade and investment agreement

Senior Biden campaign officials kick-start coordination with House Democrats for 2024 race

Kathmandu: Senior officials for President Joe Biden’s reelection effort will meet with House Democrats on Thursday to outline in detail post-Super Tuesday campaign plans — a strategy session that marks a significant boost in efforts to coordinate with lawmakers on organizing and communicating with voters nationwide. Those who will attend the gathering in Leesburg, Virginia,… Continue reading Senior Biden campaign officials kick-start coordination with House Democrats for 2024 race

Kathmandu District Court orders release of individuals arrested in land privatization case pending investigation

Kathmandu: Three people including industrialist Arun Chaudhary who were earlier arrested by the Central Investigation Bureau (CIB) of Nepal Police over the charge of illegal privatization of land owned by Bansbari Leather and Shoes Factory have been released.They were freed today following the verdict of the District Court Kathmandu with the condition of presenting themselves… Continue reading Kathmandu District Court orders release of individuals arrested in land privatization case pending investigation