Economy

Bring Indonesian investment in Nepal's hydropower, tourism: PM Deuba access_time2022-09-20

KATHMANDU, Sept 21: Prime Minister Sher Bahadur Deuba has asked the Indonesian Ambassador to facilitate bringing in Indonesian investment to Nepal's hydropower and tourism sectors. Prime Minister Deuba made this remark during a meeting with the ...

Cooking oil price goes down by Rs 80 per liter in a week access_time2022-09-18

KATHMANDU, Sept 18: The price of cooking oil went down by Rs 80 per liter in a week in the Nepali market. With the government’s decision to reduce custom duty on import of the raw materials, the price of the cooking oil has begun to go down. ...

Imports from Tatopani, Rasuwa checkpoints resume access_time2022-09-15

KATHMANDU, Sept 15: Tatopani and Rasuwa checkpoints have resumed from today. Both the checkpoints were closed for more than one month, citing increasing cases of COVID-19.  It has been learnt that the impots from these checkpoints resumed af...

Remittance partnership agreement signed between Patanjali and IME access_time2022-08-31

KATHMANDU, August 31: A remittance partnership agreement has been reached between Patanjali Ayurveda and IME Limited.  With this agreement, millions of Nepalese migrants living in India will now be able to send money to Nepal easily by visiting...

Petroleum price goes down access_time2022-08-16

KATHMANDU, Aug 16: India has sent a new rate of petroleum products reducing the price. According to the Nepal Oil Corporation (NOC), the price of petrol has been reduced by Rs 1.90 per liter. Likewise, the price of diesel has been reduced by Rs 4.80...

Israel to welcome 1,000 Nepali migrant workers to work in agricultural sectors access_time2022-08-15

KATHMANDU, Aug 15: Israel has announced that it will welcome 1,000 more Nepali migrant workers to work in its agricultural sectors. Israel has already welcomed more than 1,000 Nepali workers as caregivers. The Embassy of Israel based in Kathmandu...

China pledges RMB 800 million grant assistance to Nepal access_time2022-08-11

KATHMANDU, Aug 11: China has announced a grant assistance of RMN 800 million ( more than Rs 15.013 billion) to Nepal. State Councilor and Foreign Minister of China, Wang Yi announced the grant during his meeting with Nepali counterpart Narayan Khadk...

NOC decides not to reduce fuel price despite reduction of price by India access_time2022-08-03

KATHMANDU, Aug 3: The Nepal Oil Corporation (NOC) has decided not to reduce the fuel price despite reduction of the price by India. Stating that the corporation is already suffering from loss, it has decided not to reduce the price, according to the...

Nepal unveils action plan for tourism revival access_time2022-07-25

KATHMANDU, July 25: The Nepali government on Sunday announced a number of measures to revive the tourism industry battered by the COVID-19 pandemic, including a plan to declare the years between 2023 and 2033 as Visit Nepal Decade. Unveiling the Tou...

NRB to unveil monetary policy this evening access_time2022-07-22

KATHMANDU, July 22: The Nepal Rastra Bank (NRB) is scheduled to unveil its monetary policy at 4 PM on Friday. Governor Maha Prasad Adhikari will be unveiling the monetary policy for fiscal year 2022/23 this evening. A virtual press conference wil...

Himalayan Airlines links Kathmandu to Kuwait access_time2022-07-22

KATHMANDU, July 22: Himalayan Airlines recently conducted its first scheduled flight to Kuwait from Kathmandu. Kuwait is the eighth international scheduled destination and sixth gulf city of the airline company. The inaugural event was graced by ...

100 Nepali nationals flying to Israel for foreign employment on July 24, 25 access_time2022-07-19

KATHMANDU, July 19: After a hiatus of over five months, Nepali nationals are finally being allowed to fly to Israel for foreign employment. As many as 100 Nepali nationals are scheduled to fly to Israel for foreign employment on July 24 and 25, 2022...

India reduces price of petroleum products: Will the price go down in Nepal? access_time2022-07-17

KATHMANDU, July 17: India has reduced the price of petroleum products. As per the new price list sent by the Indian Oil Corporation, the price of petrol and diesel have been reduced by Rs 15.5 and Rs 16.5 respectively. In recent days, the price o...

Ban on import of these ‘luxurious goods’ extended for 44 more days access_time2022-07-17

KATHMANDU, July 17: The government has extended the ban on luxurious goods imposed earlier till August 30. A Cabinet meeting held earlier on Friday took a decision to extend the ban on import of the following luxurious goods for 44 more days: &nb...

Global IME Bank awarded “Euromoney Award For Excellence-Nepal Best Bank 2022” access_time2022-07-14

KATHMANDU, July 14: Global IME Bank Limited has received the Euromoney Award For Excellence-Nepal Best Bank 2022.  It is the coveted award in the global banking industry.  The Award was handed over to Global IME Bank amidst a gala event...

Inflation rate in Nepal hits 8.56 percent access_time2022-07-11

KATHMANDU, July 11: According to the Nepal Rastra Bank (NRB), the inflation rate in Nepal was recorded 8.56 percent in Jestha ( May/June). The rate was 4.19 percent at the same time last year. The rate was 7.43 percent in food and beverages whi...

IOM and tribhuvan university partner to launch a school on migration studies in nepal access_time2022-06-30

KATHMANDU, JUN : 30 The International Organization for Migration (IOM) plans to launch a School on Migration Studies in Nepal in coordination with the Central Department of Population Studies (CDPS), Tribhuvan University (TU), the oldest public univers...

Govt slashes fare of public passenger vehicles (with reviewed fare) access_time2022-06-26

KATHMANDU, June 26: With the Nepal Oil Corporation’s (NOC) decision to reduce the price of petroleum products, the government has decreased the fare of public passenger vehicles. The NOC on Saturday took a decision to reduce the price of petro...

Govt lowers petroleum price, petrol to cost Rs 179 per liter from today access_time2022-06-26

KATHMANDU, June 26: The Nepal Oil Corporation has lowered the price of petroleum as per the direction of the government. The government’s decision came after pressure from several quarters regarding the recent price hike. The government has...

AOAN increases airfare after NOC hikes fuel price access_time2022-06-20

KATHMANDU, June 20: The Airlines Operation Association of Nepal (AOAN) has increased the airfare following the Nepal Oil Corporation’s decision to increase the fuel price. The new rate of airfare will come into effect domestically from Wednesd...