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Nepal Investment Bank launches its digital wallet service “Thaili”
Published On: March 17, 2021 07:02 PM NPT By: Republica
KATHMANDU, March 17: Nepal Investment Bank Ltd. (NIBL) has announced the launch of its digital wallet service, “Thaili”.
Prices of petroleum products hiked again; NOC says they are still selling at a loss
Published On: March 17, 2021 11:42 AM NPT By: Republica
KATHMANDU, March 17: The Nepal Oil Corporation (NOC) has yet again increased the prices of petroleum products. The price of petrol, diesel and kerosene has been increased by Rs 2 per liter each with effect from Wednesday.
Inflation in first seven months eased to 2.70 percent: NRB
Published On: March 17, 2021 08:30 AM NPT By: Republica
KATHMANDU, March 17: Consumer inflation stood at 2.70 percent in the first seven months of the current fiscal year, almost one-third of the rate in the same period last year.
Finance ministry asks ministries not to seek budget for projects without proper preparations
Published On: March 17, 2021 07:15 AM NPT By: RAJESH KHANAL
KATHMANDU, March 17: The Ministry of Finance (MoF) on Monday asked the ministries concerned to take prudent measures while formulating the budget document to be forwarded to the MoF by March 28.
Stocks end little changed as market activity sinks firmly
Published On: March 16, 2021 07:45 PM NPT By: Republica
KATHMANDU, March 16: The equity market opened in green and traded slightly higher in the first trading hour. A rally saw the Nepal Stock Exchange (Nepse) index climb above 2,400 points at mid-day, but a firm correction pulled the index towards red in the afternoon. Following a late afternoon recovery, the index ended the day with a modest 2.56 point’s gain at 2,391.74.
Olangchungola checkpoint remains closed for 16 months
Published On: March 16, 2021 03:45 PM NPT By: RSS
PHUNGLING, March 16: The Olangchungola border checkpoint in Taplejung district has remained closed for the past 16 months. It has been closed since November, 2020.
Only one-fourth of the total capital expenditure spent in the first eight months
Published On: March 16, 2021 07:15 AM NPT By: Republica
KATHMANDU, March 16: The government has been able to spend only one-fourth of the budget allocated for development projects in the first eight months of the current fiscal year, revealing the perennial problem of the government to spend money under capital expenditure.
Nepse falters for a fifth straight day
Published On: March 15, 2021 07:19 PM NPT By: Republica
KATHMANDU, March 15: The Nepal Stock Exchange (Nepse) index fell sharply in the morning to trade around 2,380 mark in the first few minutes of the session. A sharp recovery followed suit pushing the index around 25 points higher at mid-day. The rally, nonetheless, remained short lived as the index pulled back to the opening level to trade flat in the afternoon. A slump in the closing hour pushed the benchmark 18.07 points lower to finish at 2,380.19.
67 percent Karnali folks have no access to electricity
Published On: March 15, 2021 02:35 PM NPT By: RSS
SURKHET, March 15: Until a few years ago, 72 percent of the people of Karnali did not have access to electricity. The situation has slightly improved with the building of some small micro hydropower and solar energy projects with the formation of provincial and local level governments. Yet, 67 percent Karnali folks have no access to electricity.
Japan extends financial assistance for Child Labor Reduction Project
Published On: March 15, 2021 01:53 PM NPT By: Republica
KATHMANDU, March 15: The Government of Japan has extended financial assistance of US dollars 265,576 (approximately NRs. 30.85 million), to SHAPLA NEER – Citizens’ Committee in Japan for Overseas Support, under the Grant Assistance for Japanese NGO Projects Schemes.
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