Economy

NOC revises petro-price; reduces price by 2 rupees per liter

Kathmandu / Dec 3: Nepal Oil Corporation (NOC) on Monday has revised downward prices of petroleum products effective from Monday midnight. Birendra Goit, the spokesperson of NOC, said the price of petrol, diesel and kerosene has come down by Rs 2 per liter. Now consumers can buy petrol at Rs 112 per liter, whereas diesel […]


Pokhara street festival to start from December 28

Pokhara / Dec 01: The Pokhara street festival is to be held this year at Phewa Lakeside from December 28 to January 1. Various activities will be organised this year too during the event, which is held every year to mark New Year’s day as per the Gregorian calendar. The event is going to be […]


NTB allocates Rs 1.7 billion for FY 2075/76

Kathmandu / Nov 30: Around four months after the commencement of the fiscal year 2075/76, the Nepal Tourism Board (NTB) has allocated around Rs 1.7 billion budget for the FY. The budget was approved by the Board of Directors of the NTB. The budget has targeted the ‘Visit Nepal Year 2020’ and prioritized tourism management […]


ADB says improving project execution performance key to getting more dev funds

Kathmandu / Nov 23: The Asian Development Bank (ADB) has said improving project implementation performance is the key to Nepal getting more funds for development. ADB Deputy Director General for South Asia Mr. Diwesh Sharan said this to officials in Kathmandu today. “ADB has increased the annual lending level to Nepal from about $254 million […]


 ADB to provide US Dollar 343.9 million for two projects

Kathmandu / Nov 20: The Asian Development Bank has agreed to provide US Dollar 343.9 million as development assistance for two projects. At a program organized at the Ministry of Finance today, Secretary at the Ministry, Rajan Khanal, on the behalf of the government of Nepal, and Country Director, Nepal Resident Mission, Mukhtor Khamudkhanov, on […]


Surya Nepal, Siddhartha Shumsher highest taxpayers

Kathmandu / Nov 17: The government has honoured the highest taxpayers under different categories on the occasion of the 7th National Tax Day on Saturday. The highest taxpayers were honoured also to promote the taxpaying culture. Finance Minister Dr Yuvraj Khatiwada honoured the taxpayers in various 15 categories amidst a program organized by the Inland […]


Nepal stresses safeguarding the rights of migrant workers

Kathmandu / Nov 16: Deputy Prime Minister and Defense Minister, Ishwor Pokhrel said that imparting skills to aspiring migrant workers was important. Addressing the Colombo Process meeting at Hotel Soaltee, Pokhrel said that foreign employment and remittance played an important part in the country’s economy. “Hence, it is crucial that all stakeholders play an important […]


World tour: Airbus A220 makes maiden landing in Nepal

Kathmandu / Nov 12: The newest addition to the Airbus family of commercial aircraft, the A220, has made its first visit to Nepal as part of a world demonstration tour. The A220-300,bearing airBaltic livery, went on display at Kathmandu’s Tribhuvan International Airport (TIA) on Sunday and Monday. As part of its world demonstration tour, the […]


NRB to supply new bank notes on other festivals too

Kathmandu / Nov 12: Nepal Rastra Bank (NRB) is to implement the inclusive rule in exchanging the new bank notes. The central bank, which had been providing the facility of exchanging new notes in large quantity only during the Bada Dashain period before this, is to extend this facility on the occasion of festivals of […]


NRB revises loan-to-value ratio on auto loans for private vehicles

Rajesh Khanal / Kathmandu: Nepal Rastra Bank (NRB) has revised the loan-to-value ratio on auto loans for private vehicles to 50 percent from the existing 65 percent. It means that the banks and financial institutions can now provide their customers with up to 50 percent as loan against the actual valuation of vehicles. Earlier, when […]




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