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Customs officials, security personnel and smugglers are hand in glove in smuggling of goods!
Published On: July 3, 2024 09:44 AM NPT By: Arjun Oli
NEPALGUNJ, July 3: Goods are easily smuggled through the Nepalgunj border in western Nepal, which is connected to India. The smugglers have effectively engaged the customs officials, security personnel and others to smuggle large quantities of goods.
Banks have hiked their lending rates. Does that have more cons than pros?
Published On: November 1, 2022 01:05 PM NPT By: Moktsya Poudyal
KATHMANDU, Nov 1: The new lending rates adopted by the commercial banks of the country that came into effect on Tuesday, October 18, demonstrate a rise from those employed previously. Creditors now have to pay as much as 18 percent interest rate for the money they borrow from banks. With soaring inflation and depleting foreign reserves, the increase in the lending rates reflects a liquidity crisis in the country that does not seem to have de-escalated with time.
Distribution of chemical fertilizers begins nation-wide
Published On: November 1, 2022 12:26 PM NPT By: Basanta Dhungana
Chitwan, Nov 1: Krishi Samagri Company Limited has started selling chemical fertilizers. The sale of DAP and potassium fertilizers has been started across the country from Monday through the local governments.
WB estimates 5.8 percent growth rate of Nepal in 2022
Published On: November 1, 2022 10:36 AM NPT By: Republica
KATHMANDU, Nov 1: The World Bank (WB) has projected that Nepal's economic growth rate will reach 5.8 percent in 2022.
Nepal’s trade deficit declined 13.13 percent to Rs 359.17 billion in first three months of current FY
Published On: October 31, 2022 08:30 PM NPT By: Republica
KATHMANDU, OCT 31: Nepal’s trade deficit hit Rs 359.17 billion in the first three months of the current fiscal year, which was 13.13 percent less compared to that of the same period last year.
Nepal’s BFIs have only 1.16 percent nonperforming loans, the lowest in South Asia: World Bank
Published On: October 31, 2022 07:30 PM NPT By: Republica
KATHMANDU, OCT 31: Nepal has the lowest rate of nonperforming loans (NPLs) in its banking system among the South Asian countries, shows a World Bank (WB) report.
Import of EVs soared five-folds in Q1 of current FY
Published On: October 31, 2022 06:30 PM NPT By: Republica
KATHMANDU, OCT 31: Nepal imported 705 units of electric vehicles (EVs) in the first quarter of the current fiscal year, almost five-folds of the number imported during the same period last year.
CAAN asks airlines to operate int'l chartered flights from GBIA
Published On: October 31, 2022 06:00 PM NPT By: Republica
KATHMANDU, Oct 31: Now international chartered flights will take off and land at the newly-constructed Gautam Buddha International Airport (GBIA) in Bhairahawa, the Civil Aviation Authority of Nepal (CAAN) decided. Earlier, all international chartered flights took place at the Tribhuvan International Airport (TIA).
Nepse gained 16.39 points while daily turnover stood at Rs 697.31 million on Monday
Published On: October 31, 2022 04:53 PM NPT By: Republica
KATHMANDU, OCT 31: Nepal Stock Exchange (Nepse) rose by 16.39 points to close at 1,874.87 points on Monday, the first day trading after the market remained closed for a week-long festival holidays.
NEA to expand electricity baseline for nationwide consumption and to increase export
Published On: October 31, 2022 03:30 PM NPT By: Republica
KATHMANDU, Oct 31: The Nepal Electricity Authority (NEA) is going to further expand and strengthen the transmission and distribution system in order to increase the consumption of the electricity produced within the country. The authority will expand more transmission infrastructure to export surplus electricity to India and Bangladesh.
Pokhara Regional Int'l Airport: Inauguration in two months, but major obstacles remain
Published On: October 30, 2022 08:00 PM NPT By: Santosh Pokharel
POKHARA, Oct 30: It's almost three months ago that the Civil Aviation Authority of Nepal (CAAN), the regulatory body of Nepal's airspace, set the date of operation of Pokhara Regional International Airport on January 1, 2023. If the airport starts its operation on the day specified by the authority, the flights should operate from the airport in the next two months.
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