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Petroleum smuggling rampant at Nepal-India borders amid soaring prices of fuel

Published On: February 17, 2021 07:00 AM NPT By: Republica

KATHMANDU, Feb 16: Nepal Police on Monday arrested petroleum tanker operators on the charge of smuggling diesel from Nepal to India.

Nepse ends in green for second consecutive day

Published On: February 16, 2021 08:00 PM NPT By: Republica

KATHMANDU, Feb 16: The Nepal Stock Exchange (Nepse) index opened in green and traded over 29 points higher in morning and continued to maintain in the positive territory for most of the trading session. However, the index pulled back in negative side with a meager decrement towards the last trading hour. Nonetheless, the benchmark index quickly recovered and ended the day 15.50 points higher at 2601.51 points.

Govt does not have systematic and detailed information about COVID-19 expenses

Published On: February 16, 2021 06:00 PM NPT By: BP Aryal

KATHMANDU, Feb 17: The Ministry of Health and Population (MoHP), a key body to address public health concerns, has not been proactive to share the detailed information about COVID-19 funds, its allocation and records of spending by different government bodies.

Agreement reached to reopen Mahendranagar Airport

Published On: February 16, 2021 04:53 PM NPT By: RSS

KATHMANDU, Feb 16: Mahendranagar Airport in Kanchanpur which has remained closed for long is to be re-opened. All three tiers of the government have agreed to work on the extension and capacity enhancement project in regard with the airport.

Fewa Lake’s new area is 5.72 square kilometers

Published On: February 16, 2021 12:17 PM NPT By: Santosh Pokharel

POKHARA, Feb 16: A demarcation committee has prepared a report stating that the new area of Fewa Lake is 5.72 square kilometers (11,255 ropanis).

Himalaya Airlines to operate three flights a week to Dubai

Published On: February 16, 2021 10:10 AM NPT By: Republica

KATHMANDU, Feb 16: Himalaya Airlines will operate its flight to Dubai three times a week.

Nepal Rastra Bank asks banks not to blacklist firms failing to clear their loan dues due to COVID-19

Published On: February 16, 2021 08:30 AM NPT By: Republica

KATHMANDU, Feb 16: Nepal Rastra Bank (NRB) has barred banks from keeping the COVID-19 hit firms in the blacklist if the concerned companies are unable to pay loan dues of up to six months.

Russia ready to help expand railway service in Nepal

Published On: February 16, 2021 06:26 AM NPT By: RSS

KATHMANDU, Feb 16: Russia has shown its interest in expansion of the rail services in Nepal. Russian Ambassador to Nepal Aleksei Novikov while paying a courtesy call on Minister for Physical Infrastructures and Transport Basant Kumar Nembang at the latter's office in Singh Durbar on Monday, shared interest in investing in the expansion of the rail service in the country.

Nepal spent US $2.04 billion to purchase Indian currency to fund imports in the first six months of current FY

Published On: February 16, 2021 06:00 AM NPT By: Republica

KATHMANDU, Feb 16: Nepal bought Indian rupees worth Rs 241.31 billion by selling US dollars to finance the imports from the southern neighbour during the first six months of the fiscal year compared to that of Rs 229.55 billion in the same period in the last fiscal year.

Stocks rally erasing four-day losses

Published On: February 16, 2021 05:55 AM NPT By: Republica

KATHMANDU, Feb 16: Stocks witnessed a sharp rally in the morning with the benchmark reaching as high as 2,565 mark. A minor correction saw the Nepse index erase some of its morning gains. However, strength in the latter trading hours pushed the index higher. Following a steady surge until the closing bell, Nepse closed Monday’s session with 92.42 point’s gain at 2,586.01.

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