Kathmandu / Feb 29: Report Study and Implementation Recommendation Committee under Nepal Rastra Bank (NRB) former governor Deependra Bahadur Kshetry-led Nepal Airlines Corporation Structural Reforms Study Committee has submitted its fourth report. The Report Study and Implementation Recommendation Committee led by former Captain Kul Bahadur Limbu submitted the report jointly to the Minister for Culture, […]
Kathmandu / Feb 28: Nepal Electricity Authority (NEA) has earned a sum of Rs. 15.36 billion as profit for the last six months of this fiscal year, which amounts to nearly five billion rupees more than it earned in the same period last year. Out of Rs. 67.28 billion of total income, the NEA spent […]
Kathmandu / Feb 27: The Central Bureau of Investigation (CIB) arrested two ex-Chief Executive Officers (CEOs) of Century Bank, along with 10 others, for banking offenses, on Tuesday. Manoj Neupane, who previously served as the CEO of Century Bank, later assumed the position of Deputy CEO at Prabhu Bank following the merger of Century Bank […]
Kathmandu / Feb 25: The Department of Cooperatives (DoC) in collaboration with Nepal Rastra Bank (NRB) has started onsite inspection of big cooperatives that have been carrying out huge financial transactions on a daily basis. According to the DoC, three groups in coordination of the department’s deputy-registrar Tola Raj Upadhyaya have started the onsite inspection […]
Kathmandu / Feb 25:The Ministry of Labour, Employment, and Social Security has decided to temporarily suspend medical testing services provided by 70 health institutes for individuals seeking foreign employment. The Ministry had issued a notice on January 26, instructing these medical facilities to comply with certain criteria. However, as they failed to adhere to the […]
Kathmandu / Fen 21: The country has experienced a ballooning trade deficit of Rs 811 billion 110 million while making a foreign trade of Rs 984 billion 770 million in the first seven months of the current fiscal year 2080/81 BS. According to the foreign trade data of the reporting period, made public by the […]
Kathmandu / Feb 8: The proposal to amend the Nepal Rastra Bank Act has been passed by the House of Representatives (HoR), paving the way for the central bank to regulate cooperatives whose transactions are above Rs 500 million. On the recommendation of the Cooperative Department, the HoR of the Federal Parliament has passed the […]
Kathmandu / Feb 8: Finance Minister Dr Prakash Sharan Mahat has called for efforts from all sides to make the Third Investment Summit a grand success. The government is hosting the Summit on April 28 and 29. Addressing a meeting of the Third Investment Summit, 2024 Steering Committee at the Ministry of Finance today, he […]
Kathmandu / Feb 6: The half-yearly review of the current fiscal year 2080-81 BS (2023-24) suggests positive trends in various economic and financial indicators. According to the central bank’s assessment, based on the six months’ data ending in mid-January, there is an improvement in overall economic and financial indicators. Remittance inflows increased by 25.3 per […]
Kathmandu / Feb 1: The government has formed a committee to study for operating international airports of the country in public private partnership (PPP) model. A cabinet meeting held today approved the proposal on forming a study committee, submitted by the Ministry of Culture, Tourism and Civil Aviation. Former Secretary Shankar Prasad Adhikari is the […]
