Hotel business to resume soon: Minister Bhattarai

Published On: July 3, 2020 03:00 PM NPT By: Republica

KATHMANDU, July 3: Minister for Culture, Tourism and Civil Aviation, Yogesh Bhattarai has said that the hotel business in the country will resume at the earliest.

KATHMANDU, July 3: The government has resumed providing work permits to migrant workers to work abroad effective from Thursday. Citing the threat of COVID-19, the government had suspended the labor migration on March 12.

KATHMANDU, July 3: Despite opening the day in the green, the Nepal Stock Exchange (Nepse) benchmark index succumbed to a massive selling pressure within the first 10 minutes of trading to trend in negative territory.

KATHMANDU, July 2: The Department of Revenue Investigation (DRI) filed cases against three firms on the charge of revenue leakage. The firms were found to be using fake value added tax (VAT) bills to evade the government revenue totaling Rs 406.10 million.

In an interview with Republica’s Sagar Ghimire on Monday, Governor Adhikari discussed the focus of the upcoming monetary policy, plans to provide relief and other facilities to businesses battered by the pandemic, efforts to lower interest rates and measures to safeguard financial stability during the crisis, among others.

KATMANDU, July 1: Strength carried over from previous session on Wednesday’s trading, as stocks shot up since the beginning of the trading session. With the Nepal Stock Exchange (Nepse) index surging to hit the first circuit limit of 4 percent in the first half an hour, trading was halted for 20 minutes. After resumption, Nepse hit another circuit limit of 5 percent at mid-day further forcing another trading break of 40 minutes. Nepse quickly shot up to 6 percent, finally triggering a trading end for the day. Eventually, Nepse ended the day at 1,336.52 points.

NEPALGUNJ, July 1:One of the national pride projects, Sikta Irrigation Project, has started releasing water to the fields from its western and eastern canals. The eastern canal is currently under construction.

KATHMANDU, June 30: Nepse witnessed one of its best days since March as the pandemic fear among investors seems to have subsided fairly. Sentiment remained positive since the opening of Tuesday’s trading.

KATHMANDU, June 30: Nepal in the current fiscal year has got some respite from the ever-worsening trade position with the country being able to narrow down the trade deficit to some extent and one-third export earnings of the country coming from palm oil and soybean oil.

KATHMANDU, June 30: International Finance Corporation (IFC), a member of the World Bank Group, is providing a $25 million loan to NMB Bank, one of Nepal’s premier banks, to boost financing for green projects and small and medium enterprises (SMEs).