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Over INRs 16,000 crore allocated to Ministry of External Affairs; Nepal gets INRs 700 crore
Published On: February 2, 2019 08:46 AM NPT By: Agencies
KATHMANDU, Feb 2 : Over INRs 16,000 crore has been earmarked for the India's Ministry of External Affairs in the Fiscal Year 2019-20 budget of the Indian government, an increase of more than INRs 1,000 crore from the previous fiscal, with a massive jump in aid allocation for Maldives and African nations.
Tourism important means for country's economic development: DPM Pokhrel
Published On: February 1, 2019 05:52 PM NPT By: Republica
NAWALPARASI, Feb 1: Deputy Prime Minister and Defence Minister Ishwor Pokhrel today pointed out tourism as an important way to carry out economic development activities of the country.
World Bank to provide Nepal $7.61 million in grants, loan
Published On: January 31, 2019 09:59 PM NPT By: Republica
KATHMANDU, Feb 1: The World Bank has approved a grant of US$ 5.61 million, approximately Rs 637 million, and an additional $2 million, or nearly Rs 226.96 million, in loan from its Strategic Climate Fund (SCF) to help Nepal diversify its energy sources to renewables.
How to book flights with Buddha Air?
Published On: January 31, 2019 05:41 PM NPT By: Republica
The company has recently launched its revamped website and mobile app. With more control and convenience to its passengers, Buddha Air hopes to create a personalized booking experience from the moment a person starts booking a ticket.
Why is government hiding revenue information for two weeks?
Published On: January 31, 2019 11:26 AM NPT By: Republica
KATHMANDU, Jan 31: The government has not released its revenue collection figures for the last two weeks citing a formula error on sharing revenue among local levels, provinces and federal government. It is an excuse that tells very little about the delay in calculating revenue collection.
NRB directs banks to ease concessional loans
Published On: January 31, 2019 11:23 AM NPT By: Republica
KATHMANDU, Jan 31: Following complaints that bank and financial institutions (BFIs) were reluctant to provide concessional loans under the government schemes, the Nepal Rastra Bank (NRB) has instructed them to make arrangement to ensure that eligible people get credit facility from their branch offices.
Country’s first ice climbing festival to begin Feb 2 in Manang
Published On: January 31, 2019 11:10 AM NPT By: Republica
KATHMANDU, Jan 31: Country’s first ice climbing festival is going to take place in Manang district, beginning February 2.
Gold price swells to Rs 62,200 a tola
Published On: January 31, 2019 10:32 AM NPT By: Republica
KATHMANDU, Jan 31: On Monday, the gold price reached 62,200 per tola (11.333 grams) up from 61,500 per tola – the market price of the previous day. The gold price has increased by 1.63 percentage points, from Rs 61,200 to Rs 62,200, this week.
NMB Bank and One to Watch agree to provide bridge financing
Published On: January 31, 2019 10:28 AM NPT By: Republica
KATHMANDU, Jan 31: Sunil KC, CEO of NMB Bank, and Willem Grimminck, managing director of One to Watch, signed a memorandum of understanding (MOU) at a ceremony held at NMB Bank headquarters in Babar Mahal, Kathmandu, to bridge the interim financial gap for entrepreneurs which results from the need of getting regulatory approvals for foreign investment.
Nepse continues its sluggish run
Published On: January 31, 2019 10:22 AM NPT By: Republica
KATHMANDU, Jan 31: Trading turned choppy on Wednesday as the Nepal Stock Exchange (Nepse) continued to show lack of direction. The market has restrained between a narrow ranges of 1,160 to 1,170 points for an eighth straight session.
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