WASHINGTON (AP): Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy. The Labor Department said Thursday that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest… Continue reading US inflation jumped 7.5% in the past year, a 40-year high
EU and IFC Establish a New Partnership for South Asia
Kathmandu: Six South Asian nations, including India, are set to benefit from a new $21.5 million (EUR 18 million) funding from the European Union (EU), which will help to accelerate climate-smart, inclusive infrastructure investments in their regions. IFC, the largest global development institution, focused on the private sector in emerging markets, will implement the project… Continue reading EU and IFC Establish a New Partnership for South Asia
50 bn demand for local elections
Kathmandu: Finance Minister Janardan Sharma has said that the ministry is under pressure as the demand for the election is five times more than the amount allocated for the election in the current fiscal year’s budget. Announcing the half-yearly review and evaluation report of the current fiscal year’s budget at the Ministry of Finance on… Continue reading 50 bn demand for local elections
Another 1,369 people infected, 12 died of covid-19 infection
Kathmandu: Coronavirus infection has been confirmed in 1,369 people in the last 24 hours. According to the Ministry of Health and Population, corona infections have been confirmed in 1,013 people among 8,880 PCR samples while 356 people tested positive among 3,000 antigen tests.According to the ministry, 1.7 million people have been infected in Nepal so… Continue reading Another 1,369 people infected, 12 died of covid-19 infection
Nepal improves in FIFA ranking
Kathmandu: Nepali national football team has improved its place in the FIFA rankings. Nepal has improved two places to 167th position in the new rankings made public by FIFA, on Thursday. Earlier, Nepal was ranked 169th place. Nepal had played two friendly matches against the African nation Mauritius at home on 15 January and 18… Continue reading Nepal improves in FIFA ranking
Remittances decline by 5.5 pc in last six months
Kathmandu: Remittances from abroad have declined in the first six months of the current fiscal year.Remittances, which started declining from the first month of the current fiscal year, have also declined in the sixth month, stated the Nepal Rastra Bank. According to the six-month data released by Nepal Rastra Bank on Wednesday, remittance inflows declined… Continue reading Remittances decline by 5.5 pc in last six months
Tourism Minister directs to close Hotel Yak & Yeti
Kathmandu: The Department of Tourism has directed to close Hotel Yak & Yeti and its casino at Durbar Marg, Kathmandu. The Department of Tourism has directed to close the hotels and casinos, saying that the royalty and license renewal fee of Rs 42 million is yet to be paid by the hotel and casino. DoT… Continue reading Tourism Minister directs to close Hotel Yak & Yeti
China locks down southern city as omicron variant surges
BEIJING (AP): China has ordered inhabitants of the southern city of Baise to stay home and suspended transportation links amid a surge in COVID-19 cases at least partly linked to the omicron variant. Classes have been suspended, non-essential businesses closed and mass testing of residents ordered. Restaurants are only permitted to serve take-out. Traffic lights… Continue reading China locks down southern city as omicron variant surges
Nepali team leaves for Oman to play in T20 World Cup qualifiers
Kathmandu: The Nepali national cricket team has departed to Oman to play in the global selection of T20 World Cup Cricket. In the Tuesday afternoon, Youth and Sports Minister Maheshwar Jung Gahatraj bade farewell to the Nepali national cricket team going to Oman to play in the global selection of T20 World Cup Cricket. Minister… Continue reading Nepali team leaves for Oman to play in T20 World Cup qualifiers
Meetings of the House of Representatives postponed
Kathmandu: The meeting of the House of Representatives convened for Wednesday has been postponed. At the request of the government, tomorrow’s meeting has been postponed. Speaker Sapkota had instructed the Parliament Secretariat to issue notice of adjournment of the meeting. Prime Minister Sher Bahadur Deuba had planned to table the MCC at the meeting. But… Continue reading Meetings of the House of Representatives postponed