Economy

IN PICS: PM Deuba inaugurates Gautam Buddha Intl Airport access_time2022-05-16

KATHMANDU, May 16: Prime Minister Sher Bahadur Deuba officially inaugurated the Gautam Buddha International Airport on Monday. With Jazeera Airlines making its first business flight to the airport, the airport was officially inaugurated for internat...

Focusing on digital remittance, Esewa Money Transfer completes two years of operation access_time2022-05-13

KATHMANDU, May 13:  Esewa Money Transfer, a leading digital remittance company in Nepal which is being operated under the stewardship of Nepal’s leading Fintech company - F1Soft Group, has successfully completed its 2 years of operation. ...

Honda's launches new attractive prize schemes access_time2022-05-11

KATHMANDU, May 11: Syakar Trading Company, the authorized distributor of Honda two-wheelers in Nepal, has introduced a new and attractive customer-centric prize scheme, "Honda Cha Sath Sath."  The scheme is available in all seven prov...

Nabil Bank ties up with Payment Nepal access_time2022-05-11

KATHMANDU, May 11: Nabil Bank has partnered with Payment Nepal (Gateway Payment Service Pvt. Ltd, a Payment System Operator licensed by Nepal Rastra Bank) to offer acceptance of its mobile-based real-time payment system, Unified Payments Interface (UPI...

Contribution of agriculture in GDP declines, service sectors estimated to contribute 61.8 percent (with data) access_time2022-04-28

KATHMANDU, April 28: Contribution of agriculture in the Gross Domestic Product (GDP) of fiscal year 2078/79 BS has declined. According to data revealed by the Central Bureau of Statistic, the contribution of the agricultural sector to the GDP is est...

These seven airports will operate 18 hours a day from today access_time2022-04-28

KATHMANDU, April 28: As many as seven more airports are coming under operation for 18 hours in a day enabling domestic planes to fly at night as well. The Nepal Civil Aviation Authority has granted permission to Chandragadhi, Biratnagar, Janakpur, S...

NMB Bank rating upgraded to “A” by ICRA Nepal access_time2022-04-27

KATHMANDU, April 27: ICRA Nepal has upgraded the issuer rating of NMB Bank Limited (NMB) from [ICRANP-IR] A- to [ICRANP-IR] A indicating an adequate degree of safety regarding the timely servicing of financial obligations.  Such issuers carry l...

Govt restricts import of 10 luxurious goods including alcohol, mobiles amid declining forex reserve access_time2022-04-27

KATHMANDU, April 27: In the bid to curb growing trade deficit and decreasing foreign exchange reserve, the government has restricted import of 10 luxurious goods that includes alcohol and mobile phones. According to the Ministry of Industry, Commerc...

Nepal’s current forex reserve is enough to pay imports of goods, service for 6.3 months: NRB access_time2022-04-12

KATHMANDU, April 12: Nepal’s current foreign exchange reserve is enough to pay imports of goods and services for more than six months, according to a latest report of the Nepal Rastra Bank (NRB).  According to the central bank, Nepal has ...

Nepal’s economy was doing well when we were in govt: Ex-FinMins of UML (With full text) access_time2022-04-10

KATHMANDU, April 10: Former Finance Ministers of CPN-UML have maintained that all indicators of Nepal’s economy were in good shape when the party was ruling the country. The party has also accused the ruling alliance of leading the country&rsq...

India to buy additional 325 MW of electricity from Nepal access_time2022-04-06

KATHMANDU, April 6: Nepal has been granted permission to export an additional 325 Megawatt (MW) of electricity to India. The Central Electricity Authority of India granted permission to the Nepal Electricity Authority to export 325 MW additional ele...

Binod Chaudhary is only billionaire in South Asia except for India access_time2022-04-06

KATHMANDU, April 6: Forbes, an American business magazine, has listed Nepali entrepreneur and businessman Binod Chaudhary as the only billionaire in South Asia except for India. Chaudhary is the only billionaire in South Asia who is not from India. ...

Chobhar dry port comes under operation access_time2022-04-05

KATHMANDU, April 5: The first dry port in the Kathmandu Valley – Chobhar dry port – is now under operation. The dry port was officially inaugurated by Prime Minister Sher Bahadur Deuba on Tuesday. The construction of the dry port that...

China Unicom announces 5G private network plus achievements access_time2022-04-03

KATHMANDU, April 3: China Unicom's 5G private network plus achievements were announced during MWC Barcelona 2022. It detailed how private networks for edge interconnection, highly-reliable campus networks, and customized network slicing for diff...

Govt hikes long-haul transport fare upto 15 percent access_time2022-04-03

KATHMANDU, April 3: The government has increased the long-haul transport fare upto 15 percent. The Ministry of Physical Infrastructure and Transportation took  a decision to hike the fare of long-distance vehicles upto 15 percent. According ...

Jayanagar-Kurtha passenger train service to begin operation from today access_time2022-04-03

KATHMANDU, April 3: Jayanagar-Kurtha passenger train service is coming under operation from Sunday. The railway service is scheduled to operate from today after it was jointly inaugurated by Prime Minister Sher Bahadur Deuba, currently on a visit to...

What is this grass that China wants to import from Nepal? access_time2022-03-30

KATHMANDU, March 30: Chinese Foreign Minister Wang Yi in his recent visit to Nepal agreed to import Haylage, dried grass used as animal fodder, from Nepal. The two countries also signed a document entitled ‘Protocol of haylage export from Nepa...

NOC recommends govt to lift tax imposed on petroleum products, introduce odd-even rule for vehicles access_time2022-03-29

KATHMANDU, March 29: At the time when the country has been largely hit by surge in the price of petroleum products as a result of the Russia-Ukraine crisis, the Nepal Oil Corporation (NOC) has recommended the government to lift tax imposed on petroleum...

Railway Ordinance: Govt to provide compensation of Rs 700,000 to those dying in accidents access_time2022-03-23

KATHMANDU, March 23: The government has decided to provide Rs 700,000 to those people losing their lives in train accidents. President Bidya Devi Bhandari on Tuesday issued the Railway Ordinance. As per the ordinance, those losing lives and getting ...

Petrol to cost Rs 155 per liter from Thursday access_time2022-03-17

KATHMANDU, March 18: The Nepal Oil Corporation has increased the price of fuel. A meeting of the NOC board of directors held on Wednesday decided to increase the price of petrol, diesel and kerosene by Rs 5 per liter.  Similarly, the price o...