Kathmandu / Oct 9: As Nepal Rastra Bank (NRB) did not print fresh banknotes this year targeting Dashain and Tihar festivals, the act of the people exchanging currencies has decreased sharply. Last year, the Central Bank issued Rs 14 billion worth of new currency notes in Kathmandu Valley alone and Rs 29 billion across the […]
Kathmandu / Oct 2: Nepal’s economic growth is projected to accelerate to 5.1 percent in FY 25 from 3.9 percent in FY 24, driven by anticipated high tourist arrivals, along with increased hydropower and paddy production, according to the World Bank’s latest economic update, Nepal Development Update: International Migration and Well-being in Nepal, released today. […]
Kathmandu / Sept 29: The Nepal Rastra Bank (NRB) has launched the service for exchanging clean notes for the public today, targeting the Dashain festival. According to NRB assistant spokesperson Dr Dilliram Pokhrel, the service shall be available until October 8 at the central bank’s central and province offices and at the branches of all […]
Kathmandu / Sept 25: Nepal Airlines Corporation (NAC) has decided to sell international flight tickets from the cities outside Kathmandu – Biratnagar, Pokhara and Nepalgunj. The Corporation has arranged ticket sales from those cities for the convenience of the passengers in the wake of major festivals like Dashain, Tihar and Chhath. Earlier, the NAC was […]
Kathmandu / Sept 22: Country’s sovereign debt was added by Rs 94.52 billion in the first two months of the current fiscal year. According to the Public Debt Management Office, country’s sovereign debt which was Rs 2434.9 billion till the end of the last fiscal year has now reached Rs 2528.62 billon. The country’s sovereign […]
Kathmandu / Sept 16: Industry, Commerce and Supplies Minister Damodar Bhandari has said that Nepal needs to pay attention to foreign investment promotion, technology transfer and trade expansion to solve the problem of low productivity and weak competition. At the opening ceremony of the seventh conference of the Trade and Investment Framework Agreement Council (TIFA […]
Kathmandu / Sept 13: Nepal Rastra Bank’s Governor Maha Prasad Adhikari said that the country’s economy was becoming viable and business environment was being enabled. Addressing the Hotelier Summit organized by the Capital Nepal Business Magazine here today, Governor Adhikari highlighted tourism’s role in earning foreign currency and job creation. He expressed his confidence that […]
Kathmandu / Sept 10: The International Finance Corporation (IFC) is to expand its investment in Nepal. During a meeting with Deputy Prime Minister and Minister for Finance Minister Bishnu Prasad Paudel at the Ministry today, IFC regional director for South Asia, Imad N Fakhoury, said the IFC is ready for an investment escalation in Nepal, […]
Kathmandu / Sept 8: The Nepal Chamber of Commerce (NCC) has called attention of the Chief Secretary Ek Narayan Aryal to amend the provision, in the proposed bill, of bringing the private sector under the jurisdiction of the Commission for the Investigation of Abuse of Authority (CIAA). A team led by NCC President Kamalesh Kumar […]
Kathmandu / Sept 6: Prime Minister KP Sharma Oli will leave here for New York, the United States of America, on September 20, leading the Nepali delegation to the 79th General Assembly of the United Nations. A meeting of the Council of Ministers held on Thursday has approved the PM’s itinerary in this connection, said […]
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