South Korea wildfires kill 18, thousands evacuated

Kathmandu: At least 18 people have died and 19 others have been injured as wildfires continue to devastate South Korea’s southeast, BBC reports. Authorities have evacuated over 23,000 people, calling it an “unprecedented” disaster. The fires, which began in Sancheong county on Friday, have spread rapidly due to strong winds, reaching Uiseong and other nearby… Continue reading South Korea wildfires kill 18, thousands evacuated

Nepal’s trade deficit reaches Rs 987.39 billion despite export growth

Kathmandu: Nepal’s trade deficit has surged to Rs 987.39 billion in the last eight months of the current fiscal year, despite a 57.2% increase in exports. Total foreign trade reached Rs 1.3 trillion, with imports rising by 11.2% compared to the previous year. Petroleum imports remain a major contributor, with Rs 78.86 billion spent on… Continue reading Nepal’s trade deficit reaches Rs 987.39 billion despite export growth

Kulman Ghising dismissed as NEA MD, cites political motives

Kathmandu: The government has dismissed Kulman Ghising as the Managing Director of Nepal Electricity Authority (NEA), citing ten reasons, including insubordination, failure to implement board decisions, and unauthorized foreign trips. A three-page letter from the Ministry of Energy states that Ghising publicly criticized the government, fostered internal factionalism, and failed to collect overdue payments from… Continue reading Kulman Ghising dismissed as NEA MD, cites political motives

Nepal’s population to reach 33.5 million by 2108: NSO Report

Kathmandu: Nepal’s population is projected to reach 33.5 million by 2108, an increase of 4.3 million from the current 29.2 million, according to the National Statistics Office (NSO). The projection is based on thematic reports from the 2021 census, which indicate a declining population growth rate. NSO estimates the annual growth rate will fall from… Continue reading Nepal’s population to reach 33.5 million by 2108: NSO Report

‘Nepal-Myanmar Trade and Tourism Expo 2025’ concludes in Yangon

Kathmandu: The ‘Nepal-Myanmar Trade and Tourism Expo 2025’ has concluded in Yangon, aiming to strengthen bilateral ties and promote Buddhist tourism in Nepal. According to the Nepal Tourism Board, the expo served as a platform to invite Buddhist pilgrims from Myanmar to visit Nepal. The event was organized on March 21-22 to mark the 65th… Continue reading ‘Nepal-Myanmar Trade and Tourism Expo 2025’ concludes in Yangon

India, Nepal sign MoU to strengthen investment banking cooperation

Photo courtesy: eurasiareview.com

Kathmandu: The Association of Investment Bankers of India (AIBI) and the Merchant Bankers Association of Nepal (MBAN) have signed a Memorandum of Understanding (MoU) to enhance collaboration in the investment banking sector. According to a press release issued by AIBI, the agreement aims to promote capacity building, professional development, regulatory understanding, and best practices for… Continue reading India, Nepal sign MoU to strengthen investment banking cooperation

Nepal govt considers lowering marriage age, introducing ‘Romeo-Juliet’ model

Kathmandu: The government is considering two potential changes to the legal marriage age as part of an amendment to the Child Act, Home Minister Ramesh Lekhak said on Sunday. During a discussion in the Law, Justice, and Human Rights Committee of the House of Representatives, Minister Lekhak stated that the Cabinet is reviewing an amendment… Continue reading Nepal govt considers lowering marriage age, introducing ‘Romeo-Juliet’ model

UNDP and Nepal Tourism Board launch $5M Sustainable Tourism Project

Kathmandu: The United Nations Development Programme (UNDP) and the Nepal Tourism Board (NTB) have signed a $5 million financing agreement to launch the Sustainable Tourism Project (STP), an initiative aimed at strengthening tourism infrastructure, skilling the workforce, and creating 2,500 sustainable jobs across Nepal. The project aligns with Nepal’s 16th Plan, the Sustainable Development Goals… Continue reading UNDP and Nepal Tourism Board launch $5M Sustainable Tourism Project

Nepal urges Ukraine to release 7 Nepali nationals held captive by military

Kathmandu: Nepal’s Foreign Minister, Arzu Rana Deuba, has called on the Ukrainian government to release seven Nepali nationals currently being held captive by the Ukrainian military. Minister Rana made this appeal during a meeting with Ukrainian Foreign Minister Andrii Sybiha on the sidelines of the Raisina Dialogue in New Delhi, India. According to Minister Rana’s… Continue reading Nepal urges Ukraine to release 7 Nepali nationals held captive by military