KATHMANDU: Minister for Labour, Employment, and Social Security, Dol Prasad Aryal, has announced that the government is preparing to implement the Returnee Entrepreneurship Programme to create employment opportunities for returnee migrant workers within the…
KATHMANDU: The construction of the Bahrabise substation, which is crucial for connecting Sindhupalchok and surrounding districts to the national power grid, has been…
KATHMANDU: The government has established a high-level committee to investigate the reasons behind the failure of newly built international airports.…
KATHMANDU: The profits of banks and financial institutions dropped by over 15 percent as of mid-May in the current fiscal year due to the decline in economic activities and weak loan recovery.…
KATHMANDU: Governor of Nepal Rastra Bank, Maha Prasad Adhikari, has stated that bad loans of the banking sector cannot be reduced unless the cooperatives sector is reformed.…
KATHMANDU: The Commission for the Investigation of Abuse of Authority (CIAA) has filed a case against Chief Secretary Dr Baikuntha Aryal and 11 employees for their alleged involvement in corruption in a procurement deal related to printing of excise duty…
Trade Flourishing at Northern Border Points KATHMANDU: The Tatopani border with China is witnessing increased activities. Hoteliers in Sindhupalchok, who were shaken by the earthquake and COVID-19, feel relieved by the hustle and bustle of importers busy in importing Chinese goods and transporting them to Kathmandu. After the devastating earthquake in 2015, this border was completely closed for 4 and a half years. It reopened in May 2019 but was closed again in March 2020 due to the COVID-19 pandemic. Shiv Prasad Nepal, who runs a hotel business in Tatopani, says, "We had to wait until April last year to fully operate the border again. As a result, many businesses, including hotels in the border area, were in crisis. Since last year, business has gradually improved with increased traffic at the border." According…
KATHMANDU: Nepal Rastra Bank (NRB) adopted a 'flexible and expansionary monetary policy' for economic revival after the COVID-19 pandemic in the fiscal years 2077/78 and 2078/79.…
KATHMANDU: The government has consistently failed to achieve its revenue targets of late.…
KATHMANDU: The prices of gold and silver have decreased in the domestic market on…
KATHMANDU: Almost half of the hydropower companies listed on the Nepal Stock Exchange (NEPSE) are reporting losses in the third quarter of the current fiscal…
June 23: A new helipad has come into operation in Nalinchok of Bhaktapur. Helicopter service providers are optimistic that this development will facilitate helicopter flights.…
Starting from the end of Asar (mid-July), the Manakamana Cable Car will be closed for nearly two months. This closure is to upgrade the cable car's digital system and replace the main cable, said Manakamana Darshan Pvt.…
Farmers in Jumla district are facing significant challenges due to a prolonged drought, which has caused crops to start drying up in the fields. "This is the season for transplanting millet and paddy seedlings, but we have not even transplanted the millet seedlings due to the drought," said Kishor Rawat, a local resident from Tila Rural…
The Inland Revenue Department (IRD) has reported a significant increase in revenue collection over the past few months. According to the latest IRD statistics, revenue collection until June 14 of the current fiscal year has reached Rs 41.19 billion. This represents an 11.30% increase compared to the Rs 37 billion collected during the same period last fiscal…
