Business

Province No 7 State Assembly starts budget discussions access_timeJune 18

Dhangadhi –The Province No 7 State Assembly today started deliberations on the statement of estimated income and expenditure (Budget) for fiscal year 2018/19. The provincial government last week presented the budget in the State Assembly.  ...

Three petrol stations sealed in Mahendranagar access_timeJune 12

Mahendranagar, Dhanusa – Police have shut three petrol stations in Mahendranagar on the charge of creating artificial scarcity of petroleum products and overcharging customers.  The petrol stations that faced action are Vi Oil at Zero M...

Australia's Commonwealth Bank agrees to US$530 mn fine over money-laundering breaches access_timeJune 4

SYDNEY – The Commonwealth Bank Monday agreed to the largest civil penalty in Australian corporate history to settle claims it breached anti-money laundering and counter-terrorism financing laws.  The Aus$700 million (US$530 million) fine ...

RBB sets up branch office in rural municipality access_timeJune 3

Waling, Syangja –The Rastriya Banijya Bank (RBB) has established a branch office at Arjunchaupari rural municipality in Syangja.  The bank established in 1982 shifted to the Syangja's district headquarters in 1999 due to dispute. Comm...

US to impose steel, aluminum tariffs on EU, Canada, Mexico access_timeMay 31

WASHINGTON –The United States said Thursday it will impose harsh tariffs on steel and aluminum imports from the European Union, Canada, Mexico at midnight (0400 GMT Friday) -- another move sure to anger Washington's trading partners.  ...

Farmers bear loss of over Rs 100 million after maize crop fails access_timeMay 30

Birgunj – Farmers in Bara district have incurred losses of up to Rs 107.38 million after the winter maize cultivated by them failed to bear grains.  According to the District Agricultural Development Office, the maize production has dec...

Commerce Secretaries of Nepal and Bangladesh in parleys to narrow down trade imbalance access_timeMay 30

Kathmandu –With an objective of finding ways and means to narrow down trade imbalance with Bangladesh and enhance bilateral trade, high-ranking officials of Nepal and Bangladesh are holding an intensive parley in capital.  The Nepali of...

Two Valley-based petrol pumps sealed for cheating customers access_timeMay 28

Kathmandu –Two petrol stations were sealed following a monitoring carried out this morning on the command of Minister for Industry, Commerce and Supplies, Matrika Prasad Yadav.  A market monitoring team comprising Director General at th...

Chinese banks post robust growth in mobile payments access_timeMay 27

BEIJING –Chinese banks posted robust growth in mobile payments in the first quarter of this year, according to the People's Bank of China (PBOC).  Banking institutions handled 70.8 trillion yuan (11.1 trillion U.S. dollars) in mobil...

NARC starts research on developing aromatic rice access_timeMay 24

Lalitpur – Nepal Agricultural Research Council (NARC) has started research on developing aromatic rice species after the demand for such rice started to rise.  The Agricultural Science Division under NARC has so far not recommended any ...

India launches WTO challenge over US steel, aluminium tariffs access_timeMay 23

GENEVA – India has opened a World Trade Organization challenge against the steel and aluminium tariffs imposed by the United States, a document circulated to WTO members on Wednesday said.  Accusing Washington of "multiple violatio...

Press Release from Business Wire: GSMA access_timeMay 15

LONDON –The GSMA today issued a new report, 'NB-IoT and LTE-M in the 5G context', highlighting the integral role that licensed Mobile IoT networks, such as NB-IoT and LTE-M, will play in the 5G future and, in particular, the development o...

NIC Asia Bank sets up branch in Baikunthe access_timeMay 15

Bhojpur – The NIC Asia Bank has set up a branch at Baikunthe aera of Ram Prasad Rai rural municipality.  Bank's Branch Manager Chandan Katuwal said that the branch was established with an aim to bring about an ease in economic transac...

Public deposit should be secured: Governor Nepal access_timeMay 13

Kathmandu – Nepal Rastra Bank (NRB) governor Dr Chiranjibi Nepal has said that the NRB was committed to ensuring the security of public deposits in Banks and financial institutions.  While inaugurating an integrated transaction after th...

Toyota posts record profit but warns on outlook access_timeMay 9

TOKYO –Japanese car giant Toyota reported a record full-year net profit Wednesday thanks to a weaker yen and US tax cuts, but warned about the outlook for the next 12 months.  The company's president Akio Toyoda said the industry wa...

Early morning storms damage crops, fruits in Sunsari access_timeMay 9

Inaruwa –Strong storms coupled with hailstones and rainfall occurred all of a sudden early morning today caused heavy damages to vegetables, crops and nurseries in different parts of the Sunsari district.  Damages were reported in distr...

NFC purchases 94,000 quintals less paddy access_timeMay 3

Kathmandu – Nepal Food Corporation (NFC) has purchased paddy below its targeted quantity for this year.  Though the target was to purchase 276,000 quintals, only 181,336 quintals have been bought, departmental chief of the NFC Srimani Raj K...

NFC, Bhojpur running out of rice stock access_timeApril 30

Bhojpur –Nepal Food Corporation, Bhojpur, has been facing shortage of rice.  Although the NFC, Bhojpur, has called for tender for transporting rice for the past two months, no contractor has applied for the supply so far, said the NFC Bhojp...

Yarsagumba harvest season less than three weeks away access_timeApril 27

Tripurakot, Dolpa –The annual Yarsagumba harvest season will officially start in Himalyan district of Dolpa from May 15.  According to Shey Phoksundo National Park, the permit letters will be distributed for stipulated amount for entry in...

Over Rs 700 m provided to buffer zone locals from CNP access_timeApril 20

    Chitwan –The buffer zone management committee comprising the locals in areas around Chitwan National Park has so far distributed over 700 million rupees to the locals there.  The amount was mobilized from the CNP'...