NEWS

 World Bank’s USD 100m Loan to Nepal for Reform Electricity Sector Reform

The World Bank today approved a USD 100 million Development Policy Credit (DPC) to continue its support to Nepal in improving the financial viability and governance of the electricity sector and boost COVID-19 crisis recovery efforts.…

Government’s Announcement of Electricity Bill Discounts Spells Financial Loss for NEA

At a time when the government’s announcement to provide discount to industries on payment of electricity bills in the budget for upcoming fiscal year has garnered praise from business community and ordinary citizens, a possibility has been seen that the Nepal Electricity Authority (NEA) will land into financial difficulty due to the decision.…

StanChart’s Financial Support to Pasang Lhamu Mountaineering Foundation
StanChart’s Financial Support to Pasang Lhamu Mountaineering Foundation
  0   1 minutes 49 seconds to read

In its mission to support the communities hard hit by Covid-19 pandemic, Standard Chartered Bank Nepal (SCBN) has donated Rs 5.8 million to Pasang Lhamu Mountaineering Foundation, a NGO working in the field of…

Most Industries Remain Shut Across the Country
Most Industries Remain Shut Across the Country
  0   2 minutes 25 seconds to read

It has been a month since the government allowed 44 types of industries to resume their operations after ensuring necessary health safety measures to avoid contagion of coronavirus.…

Budget Arrangements Inadequate for Economic Recovery: CNI
Budget Arrangements Inadequate for Economic Recovery: CNI
  0   1 minutes 35 seconds to read

The Confederation of Nepalese Industries (CNI) has said that the relief measures announced in the Federal Budget for FY2020/21 are inadequate to kickstart the economic recovery.…

Nepal Signs USD 250 million Loan Agreement with ADB
Nepal Signs USD 250 million Loan Agreement with ADB
  0   1 minutes 31 seconds to read

Nepal has signed a USD 250 million (Rs 30 billion aprox.) loan agreement with the Asian Development Bank (ADB) to fight coronavirus.…

Global IME Bank Supports Photojournalists
Global IME Bank Supports Photojournalists
  0   53 seconds to read

As a part of its corporate social responsibility (CSR), Global IME Bank Limited has provided press jackets to photojournalists working in different districts.…

New Tax Plans for Electric Vehicles Sparks Criticism
New Tax Plans for Electric Vehicles Sparks Criticism
  0   2 minutes 2 seconds to read

Since the announcement of tax hike on import of electric vehicles in the Federal Budget for FY2020/21 on may 28, the government has been facing scrutiny from various quarters of the society for the environment un-friendly move with critics saying the hike in taxes has pronounced a death knell for the electric four-wheelers that have grown in popularity over the past two years.…

Xiaomi Launches Mi 10 and Mi Note 10 Lite in Nepal
Xiaomi Launches Mi 10 and Mi Note 10 Lite in Nepal
  0   3 minutes 8 seconds to read

Chinese smartphone brand Xiaomi has launched its two flagship handsets Mi 10 and Mi Note 10 Lite in the Nepali market.…

Over 1,000 DEMAT Accounts Opened during Lockdown
Over 1,000 DEMAT Accounts Opened during Lockdown
  0   1 minutes 44 seconds to read

While the stock market has remained closed for the last 69 days due to the lockdown, the number of people opening DEMAT account for share transactions has increased significantly.…