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China Mobile and Huawei deliver world’s highest 5G
Published On: May 1, 2020 09:30 PM NPT By: Republica
KATHMANDU, May 1: China Mobile and Huawei have jointly taken 5G connectivity to a new height by bringing the network to the summit of Mount Everest upon the completion of world’s highest 5G base station at an altitude of 6500 meters.
Hit by lockdown, Nepal cuts growth forecast to lowest in four years
Published On: May 1, 2020 08:12 AM NPT By: Gopal Sharma/Reuters
KATHMANDU, May 1: Nepal has cut its economic growth forecast for the fiscal year that ends in mid-July to the lowest in four years, saying on Thursday the country had taken a hit from a nationwide lockdown to control the coronavirus outbreak.
NRB directs BFIs to provide 2% discount on interest
Published On: April 29, 2020 02:00 PM NPT By: RSS
KATHMANDU, April 29: Nepal Rastra Bank (NRB) has directed the banks and financial institutions to provide a two percent discount on the interest rate to minimize the impact of COVID-19 on borrowers.
Daraz launches Seller Sahayatri Program with Rs 5.5 million subsidies to support local SMEs
Published On: April 28, 2020 03:22 PM NPT By: Republica
KATHMANDU, April 28: Daraz online has launched the Daraz Seller Sahayatri Program with a subsidy of Rs 5.5 million to minimize the impacts of the pandemic on small and medium enterprises in Nepal.
Bhatbhateni Supermarket fined for surcharging customers
Published On: April 28, 2020 11:30 AM NPT By: RSS
KATHMANDU, April 28: The Department of Commerce, Supplies and Consumer Protection has slapped a fine of Rs 300,000 on Bhatbhateni Supermarket for selling daily essentials at prices higher than the stated prices of the goods.
Lockdown creating opportunity for vegetable farmers in Karnali
Published On: April 27, 2020 05:50 PM NPT By: Nagendra Upadhyaya
SURKHET, April 27: Dinesh Rawal, a resident of Sidhhakumakh Rural Municipality in Salyan district runs an agriculture farm in Panchapuri Municipality-9, Bijuma in the western part of Surkhet. A 10+2 graduate, Rawal has taken 40 ropanis of land on lease for vegetable farming. Eighteen local people have been employed at the farm where green vegetables including tomatoes, green chilis, pumpkins, cabbage, and cucumbers are ready to be picked and supplied to the market.
Oil falls as crude in U.S. storage nears all-time high
Published On: April 27, 2020 07:58 AM NPT By: Reuters
SINGAPORE, April 27: Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch up with the collapse in demand from the coronavirus pandemic.
Private sector urges government to contribute 50% to labourer's wage
Published On: April 24, 2020 10:53 AM NPT By: RSS
KATHMANDU, April 24: The private sector has called attention of the government to the impact of COVID-19 pandemic and the lockdown on the economy and its cumulative adverse effects.
COVID-19 affects labour migration: Remittance inflows to reduce by 20%
Published On: April 23, 2020 05:59 PM NPT By: RSS
KATHMANDU, April 23: A study carried out by the World Bank (WB) group has revealed that the remittance inflow will be heavily dented globally due to COVID-19.
Taskforce formed to create entrepreneurship environment within country itself
Published On: April 20, 2020 12:00 PM NPT By: RSS
KATHMANDU, April 20: The government has started preparing for engaging the youths losing employment due to the coronavirus pandemic in entrepreneurship within the country itself.
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