Kathmandu: In a recent Cabinet meeting, the government has constituted a committee to delve into the requirement for a potential new stock exchange in Nepal. Chaired by former deputy governor of Nepal Rastra Bank (NRB), Chintamani Siwakoti, the study committee includes members with expertise in chartered accountancy and legal practice, although specific names have not… Continue reading Government forms committee to assess the necessity of establishing a new stock exchange
Germany commits €56 mn grant assistance to Nepal for energy and social initiatives
Kathmandu: Nepal and Germany have formalized a significant commitment, with Joint Secretary Shreekrishna Nepal of the Ministry of Finance and German Ambassador Thomas Prinz signing Financial and Technical Cooperation Agreements. The grant assistance, totaling up to 56 million Euros, was pledged by the Federal Republic of Germany in 2022. According to a statement from the… Continue reading Germany commits €56 mn grant assistance to Nepal for energy and social initiatives
Nepal govt explores management contract to restructure NAC
Kathmandu: The government is preparing to operate the national flag-carrier Nepal Airlines Corporation (NAC) under management contract. Minister for Culture, Tourism and Civil Aviation Sudan Kirati said that processes have been advanced for the management contract of the NAC for its restructuring. At a meeting of the International Relations and Tourism Committee of the House… Continue reading Nepal govt explores management contract to restructure NAC
Nepal launches ‘National Action Plan on Business and Human Rights’
Kathmadu: In an effort to promote responsible business practices and uphold human rights, Nepal has officially launched the ‘National Action Plan on Business and Human Rights 2080/81-2084/85 BS.’ The initiative was inaugurated by the Minister for Labour, Employment, and Social Security, Sharat Singh Bhandari, during a program held in the capital on Tuesday. Minister Bhandari… Continue reading Nepal launches ‘National Action Plan on Business and Human Rights’
Dwayne ‘The Rock’ Johnson gets rights to one of the most famous nicknames in entertainment
Kathmandu: It is a name that has become almost synonymous with professional wrestling but its bearer, Dwayne Johnson, has never legally owned “The Rock.” That will change under a new agreement with the WWE under which Johnson will also join the board of TKO Group, the sports and entertainment company that houses WWE and UFC.… Continue reading Dwayne ‘The Rock’ Johnson gets rights to one of the most famous nicknames in entertainment
New Hampshire primary: Donald Trump and Nikki Haley to go head-to-head
Kathmandu: Donald Trump is gearing up for a crucial primary election in New Hampshire as he faces Nikki Haley, his sole remaining Republican opponent. The former US president is looking to secure a definitive win against the ex-South Carolina governor in a bid to become the Republican nominee for the upcoming general election. The primary… Continue reading New Hampshire primary: Donald Trump and Nikki Haley to go head-to-head
Nepal introduces new procedure for visit and tourist visas
Kathmandu: The Nepali government has issued a new directive regarding necessary documents for foreign travel on visit and tourist visas. The decision, which clarifies the required documents for foreign travel on visit visas, is in response to the lack of clarity in previous decisions issued on March 10, 2022. According to Rudra Singh Tamang, the… Continue reading Nepal introduces new procedure for visit and tourist visas
Canada to cut international student enrollment by 35% in 2024
Kathmandu: Canada is set to reduce international student enrollment by 35% in 2024, limiting visas to 360,000. The decision comes in response to the strain on housing and health services caused by the growing population of foreign students.The enrollment cut will apply to those entering diploma and undergraduate programs, with exceptions for students renewing study… Continue reading Canada to cut international student enrollment by 35% in 2024
Nepal faces substantial financial losses amid power cut to industries
Kathmandu: The Nepal Electricity Authority (NEA) disconnected power lines to various industries on December 19, causing a 22-day disruption in operations and leading to significant financial losses for the government and industrialists. The government formed an inquiry committee to investigate the tariff dispute, and on January 8, instructed the NEA to temporarily reconnect the power… Continue reading Nepal faces substantial financial losses amid power cut to industries
MoCIT calls for input on proposed ‘Social Sites Act’
Kathmandu: The Ministry of Communications and Information Technology (MoCIT) in Nepal has opened the floor for input on the proposed ‘Social Sites (Use and Regulations) Act, 2080 BS.’ The purpose of the bill is to curb the misuse of social media platforms, fostering a more responsible, secure, and orderly use. The main objectives of the… Continue reading MoCIT calls for input on proposed ‘Social Sites Act’